Ecopetrol’s Acacias station, Colombia. (Interfax) Exploration & Production

Colombia’s shale plans strangled by red tape

Colombia’s conventional reserves are running out while its vast shale resources lie untapped. But Bogota is yet to sign off on a single fracking project.

By Chris Noon 22 August 2017
Exploration & Production

PetroVietnam gets green light for 50% production boost

State-controlled company PetroVietnam has reportedly received approval from the country’s government to increase its oil and gas production by up to 50% over the next four years.

16 August 2011
Inauguration of the Logbaba project. (Victoria Oil and Gas) Exploration & Production

Logbaba reaches the final hurdle after 56 years

The completion of Cameroon’s first gas-to-power project would provide the country’s industry with much-needed access to a cheaper, cleaner source of fuel, but as it nears completion a few stumblin

16 August 2011
Exploration & Production

Brazil’s HRT sees opportunity in Namibia

Brazilian oil and gas company HRT Participacoes em Petroleo has announced a $3.14 billion expenditure programme as it gears up to drill 65 exploration wells and develop production at 52 others by the end of 2014.

15 August 2011
Exploration & Production

Iran threatens to expel CNPC as South Pars development stalls

Iran has warned China’s CNPC that it will seize control of the South Pars Phase 11 project if it doesn’t speed up development of the field.

15 August 2011
Exploration & Production

Turkey urges Washington to postpone natural gas drilling plans in East Mediterranean

In the on-going ownership row over the eastern-Mediterranean gas fields, Turkey escalated tensions on 14 August by urging Washington to postpone natural gas drilling in the area.

15 August 2011
Exploration & Production

Novatek net profits soar 120% in Q2

Second-quarter net profits at Novatek, Russia’s second biggest gas producer, more than doubled from $242 million in the same period last year to $494 million , the company said in a statement released on Friday.

15 August 2011
Exploration & Production

SOCAR to expand drilling activity in Caspian Sea

The State Oil Company of the Azerbaijani Republic (SOCAR) plans to build two floating drilling rigs to develop new oil and gas fields in the Caspian Sea, SOCAR chief Rovnag Abdullayev announced on Friday.

15 August 2011
Exploration & Production

India’s ONGC boosts overseas oil and gas output

India’s state-owned Oil & Natural Gas Company (ONGC) has started producing gas in Syria and Brazil and boosted output from its existing assets in Russia and Vietnam, bringing its total overseas production up by 7.7% since fiscal year 2008-2009, the Indian Ministry of Petroleum & Natural Gas said on Thursday.

12 August 2011
Exploration & Production

Lukoil begins drilling third exploratory well in Uzbekistan

Russian oil major Lukoil has begun drilling a third exploration well at the Shege structure in Uzbekistan, which is part of the Kungrad Block (itself part of the Kandym-Hauzak-Shady-Kungrad project).

12 August 2011
Exploration & Production

CNPC touts Sulige gas field's most productive horizontal well

China National Petroleum Corp.'s (CNPC) 130 horizontal wells at Sulige Gasfield in the Inner Mongolia Autonomous Region boast an average daily output of 65,000 cubic metres (2.3 million cubic feet), but the field's most prodigious well has a daily output of 205 thousand cubic metres (Mcm), CNPC announced on 12 August.

12 August 2011
Exploration & Production

Armenia plans shale gas exploration

Armenia’s Prime Minister Tigran Sargsyan met this month with Stephan Fitch, head of gas exploration company International Minerals & Mines (IMM), to sign a Memorandum of Understanding (MOU) to explore Armenia’s unconventional shale gas reserves.

12 August 2011
Exploration & Production

DoE shale report – a flawed study, or a balanced debate?

An advisory panel to the Department of Energy has called for the shale gas industry to increase “transparency and focus on best practices,” in the ninety-day report it released on Thursday. ‘The SEAB Shale Gas Production Subcommittee Ninety-Day Report’ suggested better data collection and disclosure could be an effective way to limit some o

12 August 2011
Exploration & Production

Victoria Oil & Gas increase revenue share at Logbaba

London-listed Victoria Oil & Gas has acquired a one-third stake in a drilling contractor it used for work on the Logbaba field in Cameroon.

11 August 2011
Exploration & Production

China buckling under US pressure to withdraw from Iran

As China shows signs of withdrawing from the country’s gas sector, President Mahmoud Ahmadinejad has called again for the complete nationalisation of Iran’s oil industry.

11 August 2011
Exploration & Production

Trinidad grappling with steady decline in gas reserves

Trinidad's proven gas reserves fell for a fourth straight year in 2010, slipping from 408 billion cubic metres (14.4 trillion cubic metres) to 379 bcm in 2009, according to new data released on Wednesday by Trinidad’s Ministry of Energy.

11 August 2011
Exploration & Production

BPMigas approves significant project investments

BPMigas, Indonesia’s upstream regulator, announced today that it had secured $4.7 billion worth of investment for at least 10 large projects due to come on-stream between 2011 and 2014.

11 August 2011
Exploration & Production

CNPC unit fractures CBM well in Shanxi Province

CNPC Bohai Drilling Engineering (Bohai Drilling), a unit of China National Petroleum Corp. (CNPC), has completed fracturing an exploratory coal bed methane (CBM) well in central China's Shanxi Province, CNPC announced on 10 August.

11 August 2011
Exploration & Production

Sinopec Puguang gas field outputs 10 bcm of sour gas to date

Sinopec has produced roughly 10.02 billion cubic metres (354 billion cubic feet) of sour gas from the Puguang gas field since it began operations on 12 October 2009, the firm announced 9 August.

10 August 2011
Exploration & Production

Companies look to satellite images to track operations

Oil and gas companies are using satellite imagery to seek out new exploration plays and to monitor their diverse portfolio of assets for signs of sabotage or environmental impacts.

10 August 2011
Exploration & Production

YPFB forecast strong hydrocarbon growth

Increased gas production from gas condensates in Bolivia has stimulated overall liquid hydrocarbon output in the country, according to state-owned oil and gas company Yacimientos Petroliferos Fiscales Bolivianos (YPFB).

10 August 2011

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