Statoil ASA announced a profit decline for the second quarter of 2013. Norwegian energy company Statoil ASA experienced an unexpected drop in profit in the second quarter, a backlash of the declining gas and oil production and prices.

PNC Financial Services Group gave Emerge Energy Services a US $150 million loan facility, which will be used to refinance its debt and to cover general corporate purposes.

Z Energy Ltd. of New Zealand said that they are planning to raise US$717 million through an initial public offering.

BrightSources stated that it has raised up to US$15 million in convertible promissory note offerings and equity funds.

The Renewables Infrastructure Group Ltd. raised US$460million or GBP300 million in concluded IPO. The Renewables Infrastructure Group Ltd. (TRIG), announced that they were able to raise GBP300 million or US$460million.

According to past reports, natural gas companies planned on expanding their operations in the Gulf region.

According to an industry expert, the natural gas industry of Australia needs to have a policy revamp to stop possible losses and divestments.

A natural gas well exploded in the Gulf of Mexico today. A total of 44 workers were evacuated after a natural gas rig exploded in the Gulf of Mexico today.

KW International announced that it has opened a new 140,000 sq ft production facility in Columbus, Texas improving its manufacturing capabilities.

PetroEdge secures US $100 million funding from Post Oak Energy Capital in partnership with Goldman Sachs.