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Licensing Rounds

Cyprus attracts 15 bids in latest licensing round

The success of Cyprus’ second offshore oil and gas licensing round has exceeded expectations, with 15 bids received for the 12 blocks on offer, Minister of Commerce, Industry and Tourism Neoclis Sylikiotis told journalists on Friday. The tender, which closed on Friday, attracted 10 consortia and five companies, including Malaysia’s Petronas, Fr

11 May 2012
Projects

Yemeni government, Total discuss further cooperation

Yemen’s President Abdrabu Mansour Hadi met with Total's regional director for oil exploration and production, Arno Breyak, on Thursday to discuss ways to expand Total’s operations in the country, Saba news agency reported.

11 May 2012
Unconventional Gas

Water pollution from fracking unlikely in Ireland – report

A report commissioned by the Irish Environmental Protection Agency shows water pollution is unlikely in the case of shale gas extraction, but the incidence of earthquakes and the effects of methane emissions from hydraulic fracturing (‘fracking’) additives remain unclear.

11 May 2012
Unconventional Gas

Difficulties could derail China’s shale ambitions

While the Chinese leadership has trumpeted the potential of its vast unconventional resource base – a tune that some foreign majors have been happy to echo – some sceptical voices have also emerged.

11 May 2012
Projects

Sudan and South Sudan clash over oil

The recent border clashes between Sudan and South Sudan have exacerbated the dispute over oil transit fees for the 350 thousand barrels per day (Mb/d) output from South Sudan’s vast oilfields, Juba’s Chief Negotiator Pagan Amum told Interfax.

11 May 2012
Projects

‘Great improvement’ in Niger Delta security situation

The security situation in the Niger Delta has seen a “great improvement” after the government took steps to address concerns of militants operating in the area, Iliyasu Danjuma Bagna, the security manager at Total E&P Nigeria, told Interfax on Thursday. “It’s down to the government of Nigeria – it is doing well,” he said.

11 May 2012
Projects

Potential Eni scandal will not influence Kashagan development

The corruption scandal involving Italian energy company Eni, suspected, according to media reports, of paying a large bribe to secure contracts to develop the Kashagan oil and gas field in Kazakhstan, will not influence the project itself, executive secretary of the Kazakh Ministry of Oil and Gas Kanatbek Safinov said.

11 May 2012
Discoveries & Reserves

Elgin intervention expected within days

Well intervention at Total’s leaking G4 well at the Elgin platform in the North Sea is expected “within a very few days” if weather permits, the French major said on Friday.

11 May 2012
Licensing Rounds

Rejected bidders re-apply for Philippine exploration contracts

Four bidders that applied for oil and gas exploration contracts in the Philippines on 27 April, but were rejected, have asked the Philippine Department of Energy (DOE) to reconsider their proposals.

11 May 2012
Projects

Production at Brazil’s fated Frade field rebounds in April

Oil production from Brazil’s offshore Frade field rebounded in April, although gas production continued to decline, according to data provided to Interfax by the country’s ANP hydrocarbons agency.

10 May 2012
Projects

CNPC’s Jilin oilfield on track to meet output targets

Jilin oilfield in the resource-rich Songliao Basin of Jilin Province produced 801 million cubic metres (MMcm) of gas in the first four months of the year, China National Petroleum Corp. (CNPC), the oilfield’s operator, said in a statement issued on 10 May.

10 May 2012
Unconventional Gas

Who owns New South Wales’ CBM gas?

A New South Wales (NSW) local council’s decision this week to bar CBM exploration and extraction at a site owned by unconventional gas developer Dart Energy comes amid growing uncertainty over who owns the gas produced from coal seams in NSW and whether local authorities have the right to ban projects licensed by the state.

10 May 2012
Discoveries & Reserves

Philippines’ Philex in talks with CNOOC for South China Sea partnership

Philex Petroleum has discussed a possible partnership with China National Offshore Oil Corp. (CNOOC) to develop a gas prospect in the Recto Bank, it was revealed on Tuesday in Manila.

10 May 2012
Projects

Protest threatens output at Conoco’s Indonesian Suban field

An ongoing blockade by local villagers of the main access road to the ConocoPhillips-operated Suban gas field in South Sumatra could have repercussions on Indonesia's gas supply, according to Indonesia's oil and gas regulator BPMigas.

10 May 2012
Licensing Rounds

Shell, Chevron win PSA tenders for Yuzovsky, Olessky zones - govt source

Ukraine's interagency commission for signing and executing production sharing agreements (PSA) has chosen Royal Dutch Shell and Chevron as the winners of tenders to develop the Yuzovsky and Olessky shale gas licences, a Ukrainian government source told Interfax on Friday.

10 May 2012
Licensing Rounds

Does another Leviathan lurk offshore Crete?

Greece is the latest country to join the dash for East Mediterranean gas. While a decision on the multi-client seismic tender, initially intended for April, has been delayed until the tumult of the elections subsides, the government could still make a pre-announcement on an offshore exploration licensing round as early as October.

9 May 2012
Licensing Rounds

Australia awards $300 mln worth of offshore exploration permits

The Australian government received 46 bids for 12 of the 16 offshore petroleum exploration permits on offer in last year’s tender, although few blocks went to big-name international players.

9 May 2012
Unconventional Gas

Czech government drafting two-year shale moratorium

The Czech government is preparing to implement a two-year moratorium on shale gas exploration while legislation is drafted to manage the sector, the Ministry for Environment said on Monday.

9 May 2012
Licensing Rounds

Offshore petroleum exploration permits awarded in WA

Australia has awarded 12 new offshore petroleum exploration permits in Western Australia and Victoria for a total of A$303 million ($307.5 million) of new investment, Minister of Resources and Energy Martin Ferguson announced on Sunday.

8 May 2012
Projects

Value of WHL's Otway Basin gas field may double

WHL Energy, which has been focused on East Africa, said gas from its newly awarded La Bella field in Victoria’s offshore Otway Basin could have a conservative net present value of A$75 million ($76.1 million) at the existing gas price of $6.1/GJ.

8 May 2012

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