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Unconventional Gas

Shell signs landmark shale gas deal in China

Royal Dutch Shell has signed a production sharing contract with China National Petroleum Corp. for a shale gas block within the Sichuan Basin, the first deal of its kind in China.

21 March 2012
Unconventional Gas

Sinopec targets 2 bcm/y of shale gas output by 2015

Sinopec expects to produce 2 billion cubic metres of shale gas per year by 2015, accounting for nearly one-third of China’s targeted output for the period.

21 March 2012
Licensing Rounds

China to accelerate deepwater development

As China locks horns with some of its neighbours in pursuit of energy assets in disputed waters, Beijing has unveiled plans that set out a strategy for increasing the exploitation of deepwater hydrocarbon resources and developing domestic energy equipment manufacturing capabilities.

20 March 2012
Discoveries & Reserves

Market fails to react to HRT gas discoveries

HRT needs to find oil or prove it can sell its gas resources to convince the market of its high-impact exploration campaign in northern Brazil.

20 March 2012
Discoveries & Reserves

Ecuador will need foreign help to exploit new reserves

Ecuador’s discovery of a gas field with proven reserves of 1.7 trillion cubic feet (48.1 billion cubic metres) last week increased its resources by 600%, and was an immediate coup for its new exploration campaign, which was announced in February 2012. Despite confounding analysts’ expectations over exploration, Petroecuador’s attempts to extr

20 March 2012
Projects

Aramco drills deep in the push for gas

Following disappointing results from its Rub al-Khali exploration programme, Saudi Aramco is betting on the Red Sea to deliver the gas production success it sorely needs.

19 March 2012
Unconventional Gas

Western Australian fracking projects ready to go

Having received the state government’s backing and secured the drilling equipment, Australia’s AWE and Norwest Energy are set to begin fracking three shale gas wells.

19 March 2012
Licensing Rounds

Eni interested in Iraqi bidding round

Eni is “interested and willing to participate” in Iraq’s fourth bidding round in May, “especially for gas”, Claudio Descalzi, the company’s head of exploration and development told reporters on Thursday.

16 March 2012
Projects

New Kenyan offshore oil blocks

Kenya has marked out eight new offshore oil blocks to be opened up for leasing by exploration firms, Reuters reported senior energy ministry officials as saying on Friday.

16 March 2012
Projects

Eni in China

Eni could finalise a plan for developing shale gas assets in China by the end of the year.

16 March 2012
Discoveries & Reserves

Namibia offshore explorers seek support from majors

Having overcome last year’s delays, Namibian explorers are hoping for a discovery that will provide returns on investments and spark industry interest from the oil and gas majors.

16 March 2012
Projects

Wall Street welcomes Noble gas deal with IEC

Noble’s latest gas sale agreement with Israel Electric Corp. exceeded Wall Street’s expectations. And it may help bolster investor confidence in Noble’s ambitions to export LNG from the Eastern Mediterranean.

16 March 2012
Unconventional Gas

China releases five-year shale gas development plan

China's National Energy Administration (NEA) has released a long-awaited plan charting development of the country's shale gas industry for the next four years, with official production targets largely unchanged from those made public by government officials and industry experts.

16 March 2012
Licensing Rounds

Paracels dispute flares as CNOOC auction goes ahead

The Vietnamese Ministry of Foreign Affairs (MOFA) cautioned China this week to "respect Vietnam's sovereignty" over the Paracel Archipelago, as China National Offshore Oil Corp.(CNOOC) pushes ahead to auction oil and gas blocks in the South China Sea.

16 March 2012
Projects

Vietnam

Vietnam has said that China National Offshore Ol Corp.’s (CNOOC’s) move to develop the oil- and gas-rich northern areas of the South China Sea violates the smaller country’s sovereignty, Bloomberg reported on Friday.

16 March 2012
Projects

I'm sorry, say that again?

The Pyakyakhinskoye, South Messoyakhskoye and Khalmeepayutinskoye fields. Lukoil may have big development plans in store for these reserves, but their names still manage to trip up its executives.

16 March 2012
Projects

Bangladesh UN ruling

Bangladesh welcomed a United Nations tribunal’s ruling in its favour on Wednesday, which allows the country to begin offshore oil and gas exploration in the Bay of Bengal.

15 March 2012
Projects

Sumatra CBM projects

Indonesia’s Medco Energi and South Korea’s Kogas have signed a memorandum of understanding to develop CBM projects in Indonesia’s Sumatra island, according to Dow Jones on Thursday.

15 March 2012
Discoveries & Reserves

South Yolotan field estimates ‘will be recognised’

Turkmenistan’s political and industrial leaders met investors in Berlin on Thursday for the country’s International Oil and Gas Roadshow, where the vast estimates for fields within the South Yolotan constellation were top of the agenda for delegates

15 March 2012
Licensing Rounds

Lukoil seeks access to Arctic shelf development

Lukoil is lobbying for access to lucrative Arctic offshore oil and gas deposits in a bid to upend legislation restricting offshore exploration to state-owned companies, the company’s President Vagit Alekperov said at a press conference at Interfax’s offices in London.

15 March 2012

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