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Exploration & Production

Gazprom starts production at Nydinsky section

Gazprom has started producing gas and gas condensate at the Nydinsky section of the Medvezhye field, the company said in a statement.

1 December 2011
LNG

Towngas JV in Dalian to build LNG project

Dalian Deta Towngas, the gas distributor for Liaoning Province’s Dalian City, will spend RMB 120 million ($18.8 million) to build a LNG utilisation project, Liu Weiguo, an engineer with Dalian Deta Towngas, confirmed to Interfax on Wednesday.

1 December 2011
Companies & Finance

Little appetite for E&P risk among Chinese investors

Securities analysts speaking at the World Independent and Junior Oil and Gas Congress Asia in Hong Kong on Tuesday said that Chinese investors have little appetite for exploration and production (E&P) risk in the current economic climate.

1 December 2011
Supply & Demand

Execs see little hope of US gas price recovery

Executives at United States exploration and production firms made grim forecasts for North American natural gas prices at the Jefferies 2011 Global Energy Conference on Wednesday.

1 December 2011
LNG

Gorgon LNG’s Verve supply deal quells domestic buyers’ worries

Verve Energy’s gas supply agreement with Western Australia’s Gorgon LNG development on Wednesday may have reasssured a domestic industry concerned that it will lose out to the more profitable export market.

1 December 2011
Companies & Finance

Lukoil plans $48 bln investment programme to 2014

Russia’s Lukoil plans to invest $48 billion between 2012 and 2014 as part of a new capital expenditure programme outlined by the company’s board of directors on Thursday.

1 December 2011
Policy & Regulation

Bolivia’s key Margarita field requires light-touch regulation

The imminent launch of a new production phase at Repsol YPF’s giant Margarita gas field in Bolivia will provide a much-needed boost to the country’s stagnating gas output. However, analysts polled by Interfax have said that deeper regulatory reform will be needed to sustain the investment drive.

1 December 2011
Companies & Finance

KNOC’s deal for US independent combines profits and prospects

Korean Samsung C&T and state-owned Korea National Oil Corp.'s (KNOC) joint purchase of US independent Parallel Petroleum follows a trend of international firms securing US oil and gas assets, but marks a departure from a focus on undeveloped properties.

1 December 2011
Exploration & Production

Delek Group’s upstream activity drives Q3 profits

Delek Group, one of the shareholders in Israel’s giant Leviathan and Tamar gas fields, reported a net income of NIS 451 million ($120 million) in the first nine months of 2011, a 49% increase on the same period last year.

1 December 2011
Supply & Demand

Overcoming Asia’s impending supply glut

Oman LNG Chief Executive Brian Buckley spoke to Interfax at the LNG Outlook Australasia conference in Perth on Tuesday about Asian demand and concerns of a supply glut, talks over Iranian imports to O

30 November 2011
EU Energy Policy

More infrastructure needed for market liquidity

Europe needs to build more cross-border infrastructure for power and gas in order to create liquid wholesale markets that will eventually benefit end-users, a senior representative for the European Commission said in Rome on Wednesday.

30 November 2011
LNG

Legal wrangle may delay Jamaican LNG ambitions

A protracted legal wrangle and uncertain demand forecasts may harm prospects for Jamaica’s planned LNG regasification terminal, Interfax has learned.

30 November 2011
Exploration & Production

Eni boosts Australia portfolio with Evans Shoal field

Eni has purchased a 32.5% stake in the Evans Shoal gas field in Australia’s Timor Sea for $350 million, further supplementing the Italian major’s Australasian portfolio.

30 November 2011
Exploration & Production

Uzbekistan, China deepen gas co-operation

In a major development set to deepen co-operation between Uzbekistan and China, Uzbek President Islam Karimov has confirmed that both countries are set to begin work on a number of oil and gas projects, according to the Uzbek national oil and gas company, Uzbekneftegas.

30 November 2011
Supply & Demand

Russian gas production increases

Overall Russian gas production during January and November amounted to 607 billion cubic metres, a 3.4% increase year-on-year, with Gazprom accounting for 461.4 bcm, up 0.5% year-on-year, according to figures released by Russia’s Fuel and Energy Dispatch Centre (CDU TEK).

30 November 2011
Exploration & Production

‘Compelling’ case for Israeli exports, says Noble Energy

Noble Energy and its partners in the Tamar and Dalit gas fields are pressing the Israeli government to sanction gas exports from the offshore finds.

30 November 2011
Supply & Demand

LNG sellers confident of Asian demand growth

Although Asia’s demand for LNG is rising fast, the potential short-term excess of supply will eventually bring balance to the market, industry experts said at the LNG Outlook Australasia conference.

30 November 2011
Exploration & Production

Chariot fails to secure rig for 2011 drilling

Chariot Oil & Gas has failed to secure a rig for work in Namibia this year and the Tapir South well will only be spudded during the second quarter of next year, the company said on Wednesday.

30 November 2011
Policy & Regulation

Russia-EU Permanent Partnership Council

Russia's Energy Ministry will hold the sixth meeting of the Russia-EU Permanent Partnership Council (PPC) on Energy on Thursday, the ministry said in a statement on Wednesday.

30 November 2011
Pipelines, Storage & Power

China's energy giants secure role in Guangdong's pipeline plan

The Guangdong provincial government released a long-awaited construction and operation plan on Tuesday for the province's gas pipeline network.

30 November 2011

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