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Licensing Rounds

Niko continues to build presence in Trinidad and Tobago

Canadian explorer Niko Resources continues to pool its resources in Trinidad and Tobago offshore exploration, announcing on Monday that it obtained an interest in the Mayaro-Guayaguayare Bay block.

20 December 2011
Projects

PGNiG excluded from the development of Iran’s Lavan gas field

Poland's state-owned gas company PGNiG has been kicked off the development of the Lavan gas field in Iran for failing to invest in the project, Iran’s semi-official Mehr news agency reported on Monday.

20 December 2011
Discoveries & Reserves

RAG and NIS split Hungarian field

Serbian oil company Naftna Industrija Srbije (NIS) and Austrian company Rohoel Aufsuchungs (RAG) have agreed to split costs and expected profits from a 2,225 square km area in the Kiskunhalas area in

20 December 2011
Unconventional Gas

Asian American Gas gets official approval for Chinese CBM project

Asian American Gas Inc. (AAGI) has won Chinese government approval for its overall development plan (ODP) for the Panzhuang coal-bed methane (CBM) project in Shanxi Province's Qinshui Basin, paving the way for AAGI to proceed with what will be the first Sino-foreign commercial CBM project in China.

19 December 2011
Unconventional Gas

CNPC unit to deploy $2 bln for Jincheng CBM project

PetroChina Huabei Oilfield has signed a co-operation framework agreement with the government of Jincheng City in coal-rich Shanxi Province to develop and use coal-bed methane (CBM) resources, the Jincheng government said in a statement on Saturday.

19 December 2011
Projects

IEC approves $8 billion sales and purchase agreement for Tamar gas

State-owned Israel Electric Corporation (IEC) has approved an $8 billion sales and purchase aggreeement with the Tamar partners to offtake 3 billion cubic metres of gas for 15 years.

19 December 2011
Licensing Rounds

Indonesia hopes to arrest falling output with new contracts

Indonesia has signed 13 new oil and gas co-operation contracts with several international companies such as Hess, BP and Statoil, the country’s upstream oil and gas regulator BPMigas announced on Monday.

19 December 2011
Projects

Kurds face uncertain future in the new Iraq despite Exxon deal

As United States troops completed their drawdown from Iraq in early December, ExxonMobil was engineering a surprise move to bolster its presence in the country

19 December 2011
Projects

Total launches development of Termokarstovoye field

French major Total announced on Monday that it has taken together with its partner Novatek, the final investment decision to develop the Termokarstovoye gas and condensate field.

19 December 2011
Projects

A time to reflect for Kazakhstan’s oilmen

Kazmunaigas’ 10% stake in Karachaganak means Kazakhstan now has a carried interest in all three of the country’s giant hydrocarbons projects, but with its fortunes so closely tied to oil and gas p

16 December 2011
Projects

Lucius project

United States independent Anadarko and its partners have sanctioned development of the Lucius project in the US Gulf of Mexico’s Keathley Canyon.

16 December 2011
Unconventional Gas

Oil sands operators prevail in gas-versus-bitumen battle

Alberta’s Energy Resources Conservation Board (ERCB) has decided to permanently shut in 691 wells producing 1.3 million cubic metres per day to protect bitumen recovery in the area.

16 December 2011
Unconventional Gas

Australia’s next big money maker?

After about five years of wide-scale consolidation in the Australian coal-bed methane sector, majors are now eyeing up the country’s rich shale reserves. The playing field, however, is not as easy t

16 December 2011
Projects

BAPEX still waiting on Sinopec for exploration deal

Bangladesh Petroleum Exploration & Production (BAPEX) is still waiting for China’s Sinopec to finalise the details of a $100 million exploration and production partnership in the Bangladeshi Chittagong region that was due to start in early 2012, a BAPEX official told Interfax.

16 December 2011
Projects

Iraq to uphold Exxon’s West Qurna licence

Iraq’s central government will “for now” respect the contract signed with ExxonMobil to develop the West Qurna oilfield despite the company signing exploration agreements with the Kurdistan Regi

15 December 2011
Licensing Rounds

First post-Macondo lease sale attracts 20 companies

The first United States Gulf of Mexico (GoM) lease sale since the May 2010 oil spill from BP’s Macondo well received more than $337 million in high bids on Wednesday, but commercialising production

15 December 2011
Discoveries & Reserves

Providence finds gas in Celtic Sea

Ireland-based explorer Providence Resources has found ‘notable’ gas shows at its first well in the Barryroe discovery in the Celtic Sea, marking the start of the company’s $500 million explorati

15 December 2011
Projects

CNOOC deepwater drilling rig to debut in South China Sea

China's most advanced deepwater drilling rig, the Haiyang Shiyou 981, is being prepared to begin drilling in the Pearl River Mouth Basin, China National Offshore Oil Corp. (CNOOC), the rig's owner and operator, confirmed to Interfax on Thursday.

15 December 2011
Projects

CNPC begins second phase of Turkmen gas project

Construction has begun on the second phase of the Sino-Turkmen Amu Darya gas project in Turkmenistan, China National Petroleum Corp. (CNPC), a partner in the project, announced on Thursday.

15 December 2011
Projects

Montara delay

Thailand’s state-run PTT Exploration and Production may have to delay the start of its operations at the Montara field off the coast Australia to the third quarter of 2012, depending on the Australian government’s approval process and cyclone season, Chief Executive Anon Sirisaengtaksin told Reuters on Thursday.

15 December 2011

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