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Unconventional Gas

Developer closing in on Hungarian UCG project funds

Australia-based developer Wildhorse Energy has come closer to securing funds for the development of the Mecsek Hills underground coal gasification (UCG) project in Hungary by selling a uranium mine in the United States for $1.4 million.

17 April 2012
Discoveries & Reserves

Australia’s gas reserve estimates are overly optimistic - Rio Tinto

Miner Rio Tinto has argued that Australia’s gas reserve estimates are overly optimistic and said that it is struggling to secure supplies in Queensland, The Australian reported on Monday.

16 April 2012
Licensing Rounds

Labour Party calls for CBM exploration ban

The opposition Labour party in Victoria has called for a ban on CBM exploration until a parliamentary inquiry is completed, ABC News reported last week.

16 April 2012
Discoveries & Reserves

RWE Dea makes oil discovery in Norwegian North Sea

RWE Dea has made an oil discovery in the Norwegian North Sea, the company said in a press release on Monday.

16 April 2012
Projects

Sinopec Southwest Oil & Gas produces 708 MMcm in Q1

Sinopec Southwest Oil & Gas produced 708 million cubic metres (MMcm) of gas in the first quarter (Q1) of 2012, representing 23.59% of the 3 billion cubic metres targeted for this year

16 April 2012
Projects

Yanchang Petroleum to invest $400 mln in shale gas by 2015

Shaanxi Yanchang Petroleum, China’s fourth-largest oil producer, plans to invest RMB 2.5 billion ($396.05 million) in shale gas exploration and development by the end of 2015.

16 April 2012
Projects

China’s GCL Projects to form coal gas JV with Linc Energy

GCL Projects, a subsidiary of Chinese clean energy firm Golden Concord Holdings, has agreed to form a joint venture (JV) with Australia’s Linc Energy to produce diesel fuel from coal gas, Linc Energy announced on Monday.

16 April 2012
Projects

Israel’s Modiin Energy secures rig for Yam Hadera licence

Israeli oil and gas explorer Modiin Energy has signed an agreement with Noble Energy for the lease of the Homer Ferrington rig to drill at the Yam Hadera licence off the coast of Israel, the company said in a statement to the Tel Aviv Stock Exchange on Sunday.

16 April 2012
Discoveries & Reserves

Kenya’s investment challenge

The oil finds made in the Turkana region of northern Kenya caused celebrations in Nairobi, but is the country’s regulatory and legal framework ready for a flood of exploration and production investment? Ian Lewis reports

15 April 2012
Discoveries & Reserves

Norway’s answer to declining oil and gas production

The Norwegian Petroleum Directorate has released a report on the country’s production for 2011, laying out how it plans to combat dwindling petroleum production. Astrid Madsen reports.

13 April 2012
Projects

Team boards Elgin for top-kill operation

A team of 11 people has boarded the Elgin wellhead in the UK North Sea, to prepare the site for a top-kill operation, Total has announced.

13 April 2012
Licensing Rounds

BC LNG Export Cooperative granted 20-year export licence

The Canadian federal government has granted the BC LNG Export Cooperative a 20-year export licence for its proposed LNG plant on the Douglas Channel in Kitimat, British Columbia, which would ship up to 1.8 mtpa to Asia.

13 April 2012
Projects

ExxonMobil to keep oil contracts in Kurdistan pending central government approval

Baghdad may let ExxonMobil keep three of the six oil contracts it signed with the Kurdistan Regional Government last year if they meet with the central government’s approval, Deputy Prime Minister for Energy Hussain al-Shahristani told The Associated Press on Thursday.

13 April 2012
Discoveries & Reserves

Chariot complete Mauritania licence award

The Mauritanian government approved the award of a 90% stake in the Block C19 concession to Chariot Oil & Gas on Friday.

13 April 2012
Projects

Jiangsu SOEs form coal gas venture in Xinjiang

Five state-owned enterprises in Jiangsu Province have formed a joint venture (JV) to develop CTG projects in the Xinjiang Uyghur Autonomous Region, one of the JV’s stakeholders announced on Friday.

13 April 2012
Discoveries & Reserves

PetroChina’s Changqing Oilfield to produce 29 bcm

China National Petroleum Corp.’s (CNPC’s) giant Changqing Oilfield in the Ordos Basin is expected to produce 29 billion cubic metres of gas in 2012, Liu Xinshe, an engineer with PetroChina Changqing Oilfield, told Interfax on Thursday.

13 April 2012
Unconventional Gas

Asian consortium, Shell in talks to develop liquefaction plant

With Asian customers forced to pay record LNG prices, a consortium of Asian companies have entered into talks with Royal Dutch Shell to jointly develop a liquefaction plant in Western Canada, sourcing gas from their shale assets, The Nikkei reported on Thursday.

13 April 2012
Unconventional Gas

BasGas shale gas exploration licence revoked by Czech ministry

The Czech Republic's minister for the environment, Tomas Chalupa, has revoked provisional shale gas exploration licences granted to a subsidiary of Australia's Hutton Energy, BasGas Energia, citing local opposition and procedural errors.

13 April 2012
Projects

Woodside, Shell permit sparks environmental backlash

The Australian arm of the World Wildlife Fund (WWF) on Thursday called on the oil and gas sector and the Australian government to make firm commitments on issues of conservation and biodiversity, in response to news that Woodside Petroleum and Royal Dutch Shell had won exploration permits in an environmentally sensitive area.

13 April 2012
Unconventional Gas

US, Japan look for ‘fire in the ice’

Gas hydrate could become the industry’s next game-changer, offering gas-poor countries such as Japan the potential for significant domestic supplies. But can it be produced at the right price?

11 April 2012

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