A BP platform off the African coast. The company may be stymied by political hurdles in Mauritania. (BP plc) Exploration & Production

BP ups Tortue share, but progress may be slowing

The UK major is trying to accelerate the development the West African discovery, but its progress may be stymied by local politics.

By Miriam Malek 28 April 2017
Exploration & Production

Malampaya $1.5 billion expansion deal due August

The Philippines, Royal Dutch Shell and Chevron are on the verge of signing an agreement to develop the second and third phases of the Malampaya gas-to-power project, Reuters reported on Friday.

22 July 2011
Exploration & Production

Total to drill three wells next year in Australia

French giant Total has said it plans to drill three exploration wells off north-west Australia next year.

22 July 2011
Exploration & Production

Australia’s NSW sets tough fracking rules

The Australian state of New South Wales (NSW) has extended its moratorium on hydraulic fracturing, known as fracking, to the end of the year and imposed tougher rules on coal and coal seam gas mining, the state’s Ministry for Resources and Energy said on Thursday.

22 July 2011
Exploration & Production

ExxonMobil shops around for more shale acquisitions

Following the success of its shale drilling in North America, ExxonMobil is exploring the potential of more than a dozen international shale gas plays. The super major will look for “bolt-on transactions that include gas fields adjacent to the existing Exxon assets”, Bloomberg reported.

22 July 2011
Exploration & Production

Total investment for Yamal LNG project to reach $35.6 billion

Russian state and foreign investment places funding for the Yamal LNG project at (1 trillion rubles) $35.6 billion, including Total's 20.5% stake acquisition for $4 billion, Russian Prime Minister Vladimir Putin said at a government commission meeting on Wednesday.

21 July 2011
Exploration & Production

Sulige gas field output at 7.31 bcm

China National Petroleum Corp.'s (CNPC) jointly-operated Sulige gas field has yielded 7.31 billion cubic metres of natural gas as of 19 July, CNPC announced on Thursday.

21 July 2011
Exploration & Production

Energy plans to drill 58 wells at Caspian Bahar/Gum-Deniz Block before 2016

United Arab Emirates firm Bahar Energy Ltd plans to drill 58 wells at the Bahar/Gum-Deniz contract block in Azerbaijan's sector of the Caspian, according to Greenfields Petroleum’s website. Greenfield owns 33.3% of Bahar Energy shares.

21 July 2011
Exploration & Production

India approves $7.2 bn BP-Reliance deal

The Indian Ministry of Finance has given its nod of approval to the proposed $7.2 billion exploration and production partnership between India’s Reliance Industries and the UK’s BP, clearing the way for the deal to go through, according to a local news report on Wednesday.

21 July 2011
Exploration & Production

Bulgaria warms to shale gas

Bulgaria’s Energy Minister Traicho Traikov said on Tuesday that shale gas drilling will not be any riskier than any other drilling for mineral resources, according to Reuters.

20 July 2011
Exploration & Production

Buccaneer’s Kenai Loop holds more than thought

Texas-based consulting company Ralph E. Davis has estimated that the Kenai Loop project in Alaska, which is being drilled by Australian upstream oil and gas company Buccaneer Energy, holds reserves of 38.3 billion cubic feet (1.08 billion cubic metres).

20 July 2011
Exploration & Production

CLP Holdings unit to acquire CBM assets in Australia

TRUenergy, a subsidiary of Hong Kong-based CLP Holdings, has signed an agreement with Santos to acquire Australian coal-bed methane (CBM) reserves.

20 July 2011
Exploration & Production

Eni’s Indian exploration awaits environmental approval

Italian oil and gas major Eni’s push to begin exploring for oil and gas in the Indian region of Rajasthan has been bogged down by environmental concerns and significant delays in approval from the country’s Ministry of Environment and Forests, according to local news reports.

19 July 2011
Exploration & Production

Israel hurries to bring Noa North gas field onstream by 2012

United States-based Noble Energy and Israel's Delek Group will submit a plan to the Israeli Ministry of Infrastructure for the development of the offshore Noa North gas field in the next few days.

19 July 2011
Exploration & Production

Aramco starts gas production at the Karan Field

Saudi Aramco has started gas production at its Karan field, the kingdom’s first non-associated gas development in the Arabian Gulf, an industry source told Interfax.

19 July 2011
Exploration & Production

Victoria Oil & Gas ‘wrong’ over Logbaba seizure - partner

Victoria Oil & Gas has “no right” to claim RSM Production’s 38% stake in the Logbaba gas project in Cameroon, RSM owner Jack Grynberg told Interfax on Tuesday.

19 July 2011
Exploration & Production

Sinopec signs Chevron and ExxonMobil shale gas expertise

Sinopec Northern China started joint seismic surveys with US major Chevron on a shale gas block in Guizhou Province, as Sinopec Exploration, another Sinopec unit, signed a shale gas exploration agreement with ExxonMobil this week.

19 July 2011
China continues to rely on highly polluting coal to supply two thirds of its energy needs. (PA) Exploration & Production

China energy firms proceed with CTL projects despite uncertain profitability

Although coal-to-gas projects may not be as financially viable as China has previously hoped, the country is determined to back CTG projects to clean up the coal industry.

18 July 2011
Exploration & Production

KazMunaiGaz stake essential for next Karachaganak production phase

Interfax reported earlier in July that Kazakh Oil and Gas Minister, Sauat Mynbayev, said the development of the third phase of the Karachaganak project could only move ahead if KazMunaiGaz received a 10% of stake in Karachaganak Petroleum Operating (KPO), the operator of the huge gas field.

18 July 2011
Exploration & Production

Sinopec and ExxonMobil sign shale gas research agreement

Sinopec Exploration Southern Co. (Sinopec Exploration), a subsidiary of Sinopec, has signed a shale gas exploration agreement with ExxonMobil (China) Investment Co. Ltd. (ExxonMobile China), a unit of the oil super major, Sinopec announced today.

18 July 2011
Exploration & Production

Conoco announces farm-in with Realm to explore Paris basin

United States giant ConocoPhillips has announced a farm-in agreement with Canadian company Realm Energy International Corporation to explore and develop the Paris Basin in France.

18 July 2011

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