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Discoveries & Reserves

Heritage Oil gas find in Kurdistan

Heritage Oil has hit gas its Miran West 3 well in the Kurdistan Region of Iraq, the London-listed company said in a statement today.

3 April 2012
Discoveries & Reserves

TPAO to start exploratory drilling off Northern Cyprus coast

Turkish Petroleum Corporation (TPAO) will start exploratory drilling in the waters off the coast of Northern Cyprus within the next 15 days, TPAO Director General Mehmet Uysal was quoted as saying by Turkish daily newspaper Sabah on Tuesday.

3 April 2012
Unconventional Gas

Consolidation to pick up in 2012 - IHS Herold

Unconventional oil and gas mergers and acquisitions (M&A) accounted for almost half of the total value of global M&A deals in 2011, consultancy IHS Herold said on Monday, adding that it expected increased industry consolidation this year.

3 April 2012
Unconventional Gas

Chinese CBM driller takes 2011 earnings hit

Chinese CBM driller Sino Oil and Gas Holdings reported a loss of HK$ 96.24 million ($12.4 million) in a financial year 2011 earnings release in Hong Kong on Monday, sending share prices in the company down by 18.78% on the day.

3 April 2012
Unconventional Gas

Chevron announces 'fracking' in Romania will not take place this year

US supermajor Chevron will avoid shale gas exploration work at its licenses in Romania for the rest of 2012 due to public protest, instead focusing on seismic surveying and conventional reserves.

3 April 2012
Projects

Niko begins drilling on 21st Indonesian gas block

Niko Resources has started an exploratory drilling programme in Indonesia’s offshore Arun gas field, in a project that – if successful – could use existing infrastructure to begin production quickly, the Canadian company announced on Monday.

3 April 2012
Unconventional Gas

NZ bows to public pressure and launches fracking investigation

New Zealand’s environmental regulator has launched an official investigation into hydraulic fracturing (fracking), to determine whether the controversial drilling method – long-used in the country – has a negative environmental impact.

3 April 2012
Discoveries & Reserves

Total mobilises top kill for Elgin gas leak

French major Total is mobilising a top kill operation to halt the gas leak at its Elgin wellhead in the UK North Sea, as well as preparing to drill two relief wells.

2 April 2012
Unconventional Gas

TNK-BP set to put $7 bln into Ukraine unconventionals

TNK-BP is prepared to invest $7 billion over 30 years in unconventional resources such as shale gas in Ukraine, the company's senior vice-president for production and technology, Francis Sommer, has told Interfax.

2 April 2012
Unconventional Gas

Shale reserves potentially doubled – IGas

UK producer IGas has said that some of its shale gas reserves in Cheshire have potentially doubled in size to around 10 trillion cubic feet (283 billion cubic metres.

2 April 2012
Discoveries & Reserves

Alaska makes major strides towards North Slope gas development

The state of Alaska and Point Thomson leaseholders ExxonMobil, ConocoPhillips, BP, and Chevron have reached a settlement that brings development of the 226.53 billion cubic metre Point Thomson field one step closer.

2 April 2012
Unconventional Gas

Chevron approved for three shale gas licences in Romania

Romania's National Agency for Mineral Resources (NAMR) has formally approved a trio of shale gas exploration permits for Chevron, which is seeking alternative unconventional options after Bulgaria imposed a moratorium on the controversial hydraulic fracturing ('fracking') technique earlier this year.

30 March 2012
Discoveries & Reserves

Second expansion of Repsol’s giant Bolivian plant underway

Repsol YPF confirmed to Interfax on Thursday it had hired Spanish engineering company Tecnicas Reunidas for the second expansion of the Margarita gas treatment plant in Bolivia, which is critical to increasing exports to neighbouring Argentina.

30 March 2012
Discoveries & Reserves

Russia-Norway treaty provides for cross-border energy development

The treaty between Norway and Russia on maritime delimitation in the Barents Sea and the Arctic Ocean, provides all necessary provisions on the cross-border management of energy resources, the Norwegian Foreign Minister Jonas Støre said at a conference in Brussels this month.

30 March 2012
Projects

Second expansion of Bolivia's Margarita plant

Repsol YPF said on Wednesday it had hired Spanish engineering company Tecnicas Reunidas for the second expansion of the Margarita plant in Bolivia, which is key to increasing gas exports to Argentina.

29 March 2012
Projects

Genel exploring options in Lebanese and Iraqi Kurdish regions

London-listed Genel Energy is looking to buy exploration assets in the Kurdish region of northern Iraq and Lebanon, the company’s Chief Executive Tony Hayward told Reuters on Thursday.

29 March 2012
Projects

Petronas signs heads of agreement with Total

Malaysia’s state-run Petronas has signed a heads of agreement with Total to jointly study the development and production potential of the K5 field offshore Sarawak, which has a 70% carbon dioxide content, The Borneo Post reported on Thursday.

29 March 2012
Projects

Total monitors Elgin gas leak

Total is contining to evaluate and consider options to resolve the gas leak from the North Sea Elgin platform. A spokesperson told journalists on Thursday the situation is “serious, but stable”.

29 March 2012
Projects

BP to buy into Utica/Point Pleasant shale play

BP has agreed to buy 340 square km in the northeastern Ohio portion of the liquids-rich Utica/Point Pleasant shale with the Associated Landowners of the Ohio Valley, which represents mineral owners in the area.

28 March 2012
Unconventional Gas

PGNiG starts second section exploration

Polish gas monopoly PGNiG has started drilling a gas exploration well at a second section in Lublin in southeast Poland, the company said in a statement.

28 March 2012

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