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Projects

Gas still a challenge for resurgent Middle East market

As the political turmoil of 2011 subsides, upstream activity in the Middle East and North Africa region is slowly returning to pre-crisis levels, but a regional gas shortage still looms

24 February 2012
Discoveries & Reserves

Statoil’s first well in Tanzania shows promising results

Logging results from Statoil’s Zafarani exploration well offshore Tanzania shows the Block 2 discovery has up to 142 billion cubic metres of gas in place

24 February 2012
Unconventional Gas

Sinopec unit accelerates unconventional gas development

Sinopec’s East China Petroleum Bureau plans to drill 190 coal-bed methane (CBM) drainage wells and output 50 million cubic metres (MMcm) of gas in 2012, according to a filing made by Sinopec on Friday with the State-owned Assets Supervision and Administration Commission.

24 February 2012
Unconventional Gas

Chevron joins hunt for shale gas in China

Chevron began exploring for shale gas in China last year, joining a handful of other foreign supermajors that are aiming to unlock the country's immense reserves of the unconventional resource.

24 February 2012
Projects

GE wins $150 mln contract for Julimar and Brunello fields

GE Oil & Gas has won a contract worth more than $150 million to develop the Julimar and Brunello gas fields off the coast of Western Australia – the largest subsea contract ever awarded by Apache, GE announced on Thursday.

24 February 2012
Licensing Rounds

Myanmar to launch tender for six blocks

Myanmar will launch a global tender for six onshore oil and gas blocks, in an effort to lure more foreign investors from the West, Reuters reported on Thursday.

24 February 2012
Discoveries & Reserves

Could Neptun be the first in a Black Sea boom?

There was an unexpected announcement at OMV’s annual results press conference in Vienna on Wednesday as Chief Executive Gerhard Roiss revealed significant success at an offshore reserve in the Black Sea, one of Europe’s final frontiers for hydrocarbon exploration.

23 February 2012
Discoveries & Reserves

China adds 900 bcm of proven gas, CBM reserves

China's proven geological deposits of gas and coal-bed methane (CBM) grew by more than 900 billion cubic metres in 2011, the Ministry of Land and Resources (MLR) said at a press briefing in Beijing on Thursday.

23 February 2012
Discoveries & Reserves

Could Neptun be the first in a Black Sea boom?

There was an unexpected announcement at OMV’s annual results press conference in Vienna on Wednesday as Chief Executive Gerhard Roiss revealed significant success at an offshore reserve in the Black Sea, one of Europe’s final frontiers for hydrocarbon exploration.

23 February 2012
Licensing Rounds

Oil ministry improves terms of Iraq’s fourth licensing round

Iraq’s Petroleum Contracts and Licence Directorate has changed the terms under which it will tender 12 oil and gas exploration blocks in its fourth bidding round following criticisms from bidders that the terms were unattractive.

23 February 2012
Projects

Final decision on APLNG’s second train expected by July

Origin Energy and its partners remain confident that they will take a final investment decision (FID) on a second train for the Australia Pacific LNG (APLNG) project by July

23 February 2012
Discoveries & Reserves

Pertamina discovers gas in PAFE Pagardewa area

Indonesia’s state-run Pertamina EP has discovered gas in the PAFE Pagardewa area in southern Sumatra, the company announced on Monday.

23 February 2012
Projects

Gazprom sets aside $268.5 mln for Orenburg gas processing plant

Gazprom will set aside $268.5 million in 2012 to modernise the Orenburg gas processing plant, drill production wells and reconstruct technological facilities at the Orenburg oil and gas condensate field, the company said in a press release.

22 February 2012
Unconventional Gas

China Kingho CTG project to go online in June

China Kingho Energy Group will put the first phase of a RMB 30 billion ($4.76 billion) coal-to-gas (CTG) project in the Xinjiang Uyghur Autonomous Region’s Yili Kazak Autonomous Prefecture into operation in June, state-run Xinjiang Radio Online reported on Monday.

22 February 2012
Projects

Lukoil to produce 25-30 bcm of gas at Yamal fields in 10 years

Lukoil, Russia’s second-largest oil producer, plans to increase annual gas output at its Yamal fields from 8 billion cubic metres to between 25 and 30 bcm in 10 years as part of the company’s strategy up to 2025

22 February 2012
Projects

Houston independent hopes to tap Uruguay potential

The chief executive of Houston-based independent Schuepbach Energy has told Interfax that his company hopes to tap Uruguay’s highly prospective Devonian Cordobes shale formation.

22 February 2012
Discoveries & Reserves

Australian exploration more than doubles

Onshore oil and gas exploration in Australia more than doubled between 2010 and 2011, Deloitte said in an analysts’ note on Tuesday.

21 February 2012
Discoveries & Reserves

Yuanba field proves robust

China's Yuanba gas field has nine exploration wells that each produce at least 1 million cubic metres per day (MMcm/d), Sinopec announced on Monday.

21 February 2012
Discoveries & Reserves

Lagosta 3 well continues Mozambique success

United States company Anadarko announced encouraging appraisal results for the Lagosta 3 well offshore Mozambique on Tuesday.

21 February 2012
Discoveries & Reserves

Tullow Oil completes farm-down of Ugandan licences

Tullow Oil announced on Tuesday that has completed the farm-down of its Ugandan licences to Total and China National Offshore Oil Corp.

21 February 2012

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