Drilling rig in australia's north west shelf Exploration & Production

WA investment rises in response to forecast gas shortages

A projected shortfall in gas for the domestic market is prompting greater upstream activity in Western Australia.

By Sally Bogle 23 November 2017
Exploration & Production

Statoil targets Arctic frontier regions with new farm-in deal

Norwegian oil and gas major Statoil has acquired a 30.625% interest in the Cairn Energy-operated Pitu licence in Baffin Bay offshore Greenland, as part of its strategy to become a pioneer in Arctic ex

23 January 2012
Exploration & Production

Rosneft oil, gas reserves up in 2011

Russia’s top oil company, state-owned Rosneft, reported reserves replacement of more than 160% under United States Securities and Exchange Commission rules, is due to a big upward revision for its largest gas field.

23 January 2012
Exploration & Production

Greek drilling unit for African project

Greek rig owner Ocean Rig has tied up one of its drilling units with London-listed junior Ophir Energy for a three-well programme off West Africa, Upstream Online said in a report on Monday The three wells are off Equatorial Guinea, with the first well near the Fortuna gas discovery, the report added.

23 January 2012
Exploration & Production

Arctic oil and gas faces challenges – EIA

Development of oil and gas in the Arctic faces a range of challenges, with gas particularly disadvantaged due to its low market value relative to oil, according to the United States Energy Information Administration.

23 January 2012
Exploration & Production

Range Resources lifts proven reserves by 14% in 2011

United States independent Range Resources lifted proven reserves by 14% in 2011 over 2010, to 144.42 bcm, despite the sale of Barnett shale properties holding 25.6 bcm of gas equivalent in April 2011.

23 January 2012
Exploration & Production

Dark horse enters Chinese shale gas sector

China Huaneng Group, the country’s largest power producer, is an unlikely player for China’s shale gas sector that has been largely dominated by domestic majors Sinopec and China National Petroleu

23 January 2012
Exploration & Production

Algeria wakes up to looming supply crunch

After years of underinvestment in Algeria’s upstream oil and gas sector, the government has finally announced its intention to revise the country’s hydrocarbons law

20 January 2012
Exploration & Production

Pre-salt production growth gathers pace in Brazil

Brazilian state-controlled company Petrobras said on Thursday that domestic gas production reached 56.37 million cubic metres per day (MMcm/d) in 2011, which was 6.2% higher than in 2010.

20 January 2012
Exploration & Production

Norway rolls out biggest ever licensing round

A total of 60 production licenses have been awarded in what represents the biggest ever licensing round on the Norwegian continental shelf, raising expectations further that Norway’s oil and gas sec

20 January 2012
Exploration & Production

China’s CBM targets hinge on level of government support

China's 12th Five-Year coal-bed methane (CBM) Development Plan has targeted 30 billion cubic metres of CBM output per year by 2015, and some experts believe the goal will be difficult to achieve without further government support and greater foreign participation.

20 January 2012
Exploration & Production

InterOil hunts for more Papua New Guinea gas

Texas-based InterOil has begun an exploratory drilling campaign in Papua New Guinea, in the hopes of adding to its discoveries of the reserve-rich Elk and Antelope fields in the past five years.

20 January 2012
Exploration & Production

Chevron makes lucky 13th gas find in Western Australia

Chevron has made its fourth gas discovery in a year off the coast of Western Australia, further boosting its reserves for its three LNG developments in the area, the company announced on Thursday.

20 January 2012
Exploration & Production

NCOC looks to up Kashagan Phase I budget by $7 bln

Kazakhstan's Oil and Gas Ministry does not agree with a proposal by the shareholders in North Caspian Operating Company (NCOC), the operator of the North-Caspian project, to increase the budget for Ph

20 January 2012
Exploration & Production

Repsol poised for historic drilling offshore Cuba

Spain’s Repsol YPF is set to spud the first deepwater well offshore Cuba for seven years between 20 and 24 January, Interfax has learned.

19 January 2012
Exploration & Production

Orenburg output increase

TNK-BP plans to increase output at two mature fields in the Orenburg region after adding five wells this year.

19 January 2012
Exploration & Production

CNPC takes the lead in shale gas production

The ambitious production targets set by China’s 12th Five-Year Shale Gas Development Plan have been given a boost by CNPC’s most recent production figures

19 January 2012
Exploration & Production

Bulgaria bans fracking days after government releases public survey

The Bulgarian parliament has voted almost unanimously to implement a ban on shale gas drilling.

19 January 2012
Exploration & Production

Discovery network expansion

United States pipeline giants Williams Partners and DCP Midstream Partners are planning a $600 million expansion of the Discovery network in the Gulf of Mexico

19 January 2012
Exploration & Production

Naftogaz Ukrainy to ask to reduce Yuzovsky gas area before tender

Ukraine's national oil and gas company Naftogaz Ukrainy will ask the Ukrainian Energy and Coal Industry Ministry to reduce the Yuzovsky gas area (7,886 square km) before putting it up for tender, Depu

19 January 2012
Exploration & Production

TNK-BP starts drilling in Vietnam

TNK-BP has started drilling a production well at the Lan Do offshore field in Vietnam, it announced on Thursday.

19 January 2012

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