ConocoPhillips' Darwin LNG plant. Projects

Bonaparte LNG in focus as Santos targets Asia

Santos has returned its focus to Australia’s Bonaparte Basin as growing Asian demand brings opportunity to the area.

By Sally Bogle 23 February 2018
Licensing Rounds

Statoil, BP and Eni pick up Indonesian acreage

The Indonesian government awarded a series of exploration licences to oil and gas companies including Statoil, BP and Eni on Monday.

21 November 2011
Unconventional Gas

Argentina shale exploration favours oil to gas

Shale exploration in Argentina’s high-potential Neuquen Basin is likely to favour oil deposits over gas until the country’s energy prices are liberalised.

21 November 2011
Projects

Progress on China-Japan gas talks unlikely

Talks between China and Japan on joint exploration of gas reserves in the East China Sea will yield little progress even if they resume in December when Prime Minister Yoshihiko Noda visits China, a top official in the Chinese Academy of Social Sciences (CASS) told Interfax on Friday.

18 November 2011
Discoveries & Reserves

ExxonMobil buys into Liberian offshore block

ExxonMobil has signed an agreement with Canadian Overseas Petroleum Limited (COPL) to buy a 70% stake in a Liberia offshore block, the Canadian company said in a statement.

17 November 2011
Projects

Royal Dutch Shell abandons Kurdistan talks - report

Royal Dutch Shell has abandoned talks with the Kurdistan Regional Government (KRG) aimed at developing the region’s oil and gas prospects, the Financial Times reported on Thursday, citing a source familiar with the talks.

17 November 2011
Projects

China produces 82 bcm of gas over 10-month period

China's gas output in the first 10 months of the year rose by 6.6% on an annual basis to 82.6 billion cubic metres, the National Development and Reform Commission (NDRC) announced on Tuesday.

17 November 2011
Projects

‘Challenges remain’ for giant Shtokman project

Shtokman, one of Russia’s most ambitious energy developments, will go ahead as planned but remains a challenging project, Frederic Barnaud, president and managing director of Gazprom Global LNG, said on Wednesday at the 12th Annual LNG Summit in Rome.

16 November 2011
Unconventional Gas

Sino Oil and Gas to issue $20 mln worth of shares to Ocean Glory

Hong Kong Stock Exchange-listed (HKSE) Sino Oil and Gas Holdings (Sino O&G) has agreed to issue 312 million shares worth a total of HK$156 million ($20 million) to Ocean Glory, according to a HKSE filing made on Tuesday by Sino O&G.

16 November 2011
Projects

Sichuan Province to invest $16 bln in gas development through 2015

Sichuan Province's 12th Five-Year Energy Plan calls for investment of RMB 103 billion ($16.22 billion) in natural gas development, Sun Lei, an oil and gas exploitation professor with the Southwest Petroleum University, told Interfax on Tuesday.

15 November 2011
Discoveries & Reserves

Changqing Oilfield's gas output hits 20.7 bcm in first 10 months

The Changqing Oilfield in north China's Ordos Basin produced 20.7 billion cubic metres of gas in the first 10 months of 2011, up by 19% from a year earlier, China National Petroleum Corp. (CNPC), the field's operator, announced on Tuesday.

15 November 2011
Projects

Afren hopes to meet 50,000 boe/d output targets

London-listed Afren posted a $65.5 million profit for the first nine months of the year, a 36% increase on 2010, the company announced in an interim management statement released on Tuesday.

15 November 2011
Unconventional Gas

India’s CBM growth progresses, but price wars continue

With more than 30 CBM blocks awarded, Indian oil and gas firms have started producing India’s first supplies of unconventional gas. The question over what price to set for it, however, remains a pro

15 November 2011
Projects

Iraqi gas-gathering deal receives final approval

Royal Dutch Shell and Mitsubishi’s $17 billion gas-gathering deal has received final approval from the Iraqi cabinet.

15 November 2011
Projects

Novatek plans to double gas output by 2020

Russia's second-largest gas producer Novatek plans to double its gas output by 2020 and expects to increase its 2012 gas output by around 6 to 7%, the company's Chief Financial Officer Mark Gyetvay said on Tuesday.

15 November 2011
Licensing Rounds

Gulf lease sale to raise bid rates, but retain gas royalty relief

The last Outer Continental Shelf (OCS) lease sale under the 2007-2012 OCS leasing more than doubles minimum bid rates for deep-water blocks, but maintains royalty relief for deep gas wells.

14 November 2011
Discoveries & Reserves

Cairn Lanka discovers second gas field off Sri Lanka

Cairn Lanka, a subsidiary of Cairn India, has discovered another gas field off the coast of Sri Lanka, the company announced on Monday.

14 November 2011
Unconventional Gas

Shale gas exploration begins at Chongqing's Xiu Hill Block

Drilling of shale gas exploration wells has begun at the Xiu Hill Block in western China's Chongqing Municipality, Cheng Lijun, head of the Chongqing Institute of Geology and Mineral Resources' (CIGMR) Shale Gas Department, confirmed to Interfax on Monday.

14 November 2011
Projects

Ratings agency bullish on Latin American sector

High capital spending will continue to drive the growth of the Latin American oil and gas sector in 2012, ratings agency Moody’s said in a report published earlier this week.

11 November 2011
Unconventional Gas

Huaneng to invest $15 bln in energy projects in Yunnan over 5-year period

China Huaneng Group (Huaneng), a leading state-owned power producer, has agreed to invest RMB 100 billion ($15.75 billion) in Yunnan Province over the next five years for energy projects that include unconventional gas resources, Huaneng announced on Thursday.

11 November 2011
Discoveries & Reserves

Brightoil Petroleum moves to expand upstream gas assets

Chinese fuel supplier Brightoil Petroleum (Brightoil) will acquire Win Business Petroleum (Win Business) for HK$581.25 million ($74.71 million), a move that will significantly expand the company's upstream gas assets, according to a company filing with the Hong Kong Stock Exchange (HKSE) on Friday.

11 November 2011

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