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Licensing Rounds

Quantum Energy plans 2,000 MW interconnector between Cyprus and Greece

Dei Quantum Energy Limited is planning to lay a 2,000 megawatt subsea power cable running from Cyprus to Greece in 2015, Quantum Energy Managing Director George Killas told Interfax on Wednesday.

25 January 2012
Projects

Yam Tethys partners warn of dwindling Mari B reserves

The Yam Tethys partners have warned there will be a further fall in supply from the Mari B reservoir, Israel’s only producing gas field.

25 January 2012
Unconventional Gas

Obama calls for clean shale drilling

United States President Barack Obama called for continued development of US shale gas, but stressed a need for environmental standards in his State of the Union address on 24 January.

25 January 2012
Projects

EnQuest acquires interest in Kraken

London-listed EnQuest has acquired a 20% interest in the Kraken oil discovery in the UK North Sea from Canamens, the company said in a press release on Tuesday.

24 January 2012
Unconventional Gas

Shale gas regulation recommendations

The International Energy Agency is preparing recommendations for countries regulating the shale gas industry, according to Reuters on Tuesday.

24 January 2012
Projects

Kazakhstan wants NCOC to sell Kashagan gas domestically

The government of Kazakhstan will present the North Caspian Operating Company (NCOC), operator of the North-Caspian project, with demands of its own, including that it supply all saleable gas produced at the Kashagan field to Kazakhstan's domestic market, Kazakh Oil and Gas Minister Sauat Mynbayev told reporters on Tuesday.

24 January 2012
Projects

NCOC could delay Kashagan launch by five months

Shareholders in North Caspian Operating Company (NCOC), operator of the North Caspian project to develop the huge Kashagan field offshore Kazakhstan, intend to delay the start of commercial production

24 January 2012
Unconventional Gas

Low gas prices challenge Aramco’s shale gas drive

State-run Saudi Aramco is in the early stages of exploring for unconventional gas reserves in the south-west of the Kingdom, with the aim to starting producing gas before the end of the decade.

24 January 2012
Projects

Kuwait’s gas projects set to grow

Kuwaiti gas projects could add some 16.9 MMcm to already existing production of 3.9 MMcm when new projects in the north and the south of the country come onstream later this decade, the country’s Oil Minister Mohammad Al-Busairi told Kuwait News on Monday.

24 January 2012
Discoveries & Reserves

Statoil targets Arctic frontier regions with new farm-in deal

Norwegian oil and gas major Statoil has acquired a 30.625% interest in the Cairn Energy-operated Pitu licence in Baffin Bay offshore Greenland, as part of its strategy to become a pioneer in Arctic ex

23 January 2012
Discoveries & Reserves

Rosneft oil, gas reserves up in 2011

Russia’s top oil company, state-owned Rosneft, reported reserves replacement of more than 160% under United States Securities and Exchange Commission rules, is due to a big upward revision for its largest gas field.

23 January 2012
Projects

Greek drilling unit for African project

Greek rig owner Ocean Rig has tied up one of its drilling units with London-listed junior Ophir Energy for a three-well programme off West Africa, Upstream Online said in a report on Monday The three wells are off Equatorial Guinea, with the first well near the Fortuna gas discovery, the report added.

23 January 2012
Discoveries & Reserves

Arctic oil and gas faces challenges – EIA

Development of oil and gas in the Arctic faces a range of challenges, with gas particularly disadvantaged due to its low market value relative to oil, according to the United States Energy Information Administration.

23 January 2012
Discoveries & Reserves

Range Resources lifts proven reserves by 14% in 2011

United States independent Range Resources lifted proven reserves by 14% in 2011 over 2010, to 144.42 bcm, despite the sale of Barnett shale properties holding 25.6 bcm of gas equivalent in April 2011.

23 January 2012
Discoveries & Reserves

Dark horse enters Chinese shale gas sector

China Huaneng Group, the country’s largest power producer, is an unlikely player for China’s shale gas sector that has been largely dominated by domestic majors Sinopec and China National Petroleu

23 January 2012
Licensing Rounds

Algeria wakes up to looming supply crunch

After years of underinvestment in Algeria’s upstream oil and gas sector, the government has finally announced its intention to revise the country’s hydrocarbons law

20 January 2012
Discoveries & Reserves

Pre-salt production growth gathers pace in Brazil

Brazilian state-controlled company Petrobras said on Thursday that domestic gas production reached 56.37 million cubic metres per day (MMcm/d) in 2011, which was 6.2% higher than in 2010.

20 January 2012
Licensing Rounds

Norway rolls out biggest ever licensing round

A total of 60 production licenses have been awarded in what represents the biggest ever licensing round on the Norwegian continental shelf, raising expectations further that Norway’s oil and gas sec

20 January 2012
Projects

China’s CBM targets hinge on level of government support

China's 12th Five-Year coal-bed methane (CBM) Development Plan has targeted 30 billion cubic metres of CBM output per year by 2015, and some experts believe the goal will be difficult to achieve without further government support and greater foreign participation.

20 January 2012
Projects

InterOil hunts for more Papua New Guinea gas

Texas-based InterOil has begun an exploratory drilling campaign in Papua New Guinea, in the hopes of adding to its discoveries of the reserve-rich Elk and Antelope fields in the past five years.

20 January 2012

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