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Discoveries & Reserves

CBM Asia expands Indonesian coal-bed methane acreage

CBM Asia has acquired majority stakes in an Indonesian CBM concession adjoining BP/Eni’s Sanga Sanga PSC in East Kalimantan – the first to supply CBM to an LNG plant anywhere in the world – and in Central Sumatra, not far from the Trans Sumatra gas pipeline and Chevron’s Duri oilfield steam flood operation.

21 September 2011
Discoveries & Reserves

New drilling rigs key priority for SOCAR

State Oil Company of the Azerbaijani Republic (SOCAR) is in need of a new drilling rig for prospecting work, SOCAR President Rovnag Abdullayev told reporters on Wednesday.

21 September 2011
Licensing Rounds

Indonesia announces successful auction of oil and gas blocks

Evita Legowo, the Indonesian Energy Ministry director said in a statement released online today that the country had successfully auctioned nine out of 11 oil and gas blocks in the first bidding round held this year.

21 September 2011
Projects

Shell and QGEP swap strategies in Brazilian market

QGEP Participacoes, an exploration subsidiary of Brazilian industrial group Queiroz Galvão, has finalised a deal with the local unit of Royal Dutch Shell to buy a 30% stake in an offshore exploration block in the Santos Basin.

21 September 2011
Projects

Indonesia sets 2015 start date for Eni’s Jangkrik project

Indonesia's oil and gas regulator BPMigas expects production from Eni's Jangkrik gas project to begin in 2015.

21 September 2011
Discoveries & Reserves

Total farms into Kenyan blocks

French oil major Total has bought a 40% stake in five offshore blocks in Kenya as the company continues to expand its exploration portfolio.

21 September 2011
Unconventional Gas

Spain kicks off shale exploration drive

Canada’s Realm Energy International, which has announced plans to merge with San Leon Energy by the end of November, has acquired two licences to explore and develop shale gas acreage in the Cantabrian basin in Northern Spain. Unconventional oil and gas explorer BNK Petroleum has also received a licence in the basin, through its unit Trofagas Hid

21 September 2011
Licensing Rounds

Kurdistan PSC contracts made public

The Kurdistan Regional Government (KRG) is boosting its transparency credentials by making all production sharing contracts (PSCs) signed with foreign oil companies available to the public on its website.

21 September 2011
Licensing Rounds

US and Mexico negotiate Gulf of Mexico agreement

The United States and Mexico are negotiating over an agreement for drilling practices in certain areas of the Gulf of Mexico, which may delay bids for leases that come up for sale later this year, the US Interior Department said Tuesday.

21 September 2011
Unconventional Gas

Lack of funding and inexperience stall China’s CBM development plans

China has larger coal-bed methane reserves than the United States, but production has been stymied by a combination of inexperience and insufficient funding. There are reasons to be optimistic, however.

20 September 2011
Discoveries & Reserves

Gulf Keystone raises $200 million to prove up Kurdistan reserves

Kurdistan-focused Gulf Keystone has raised $200 million through a share placement. The company placed 91.1 million new shares at $2.2 each, 18% lower than Friday’s closing share price of $2.67.

20 September 2011
Projects

Husky Energy OK’s $6.5 billion development of Liwan gas fields

Canada’s Husky Energy has approved the $6.5 billion project to develop two of the gas fields in the Liwan Gas Project off the south-east coast of China – a project that the company hopes will give it significant foothold in the Chinese and South-east Asian gas markets, Husky said on Monday afternoon.

20 September 2011
Projects

Sasol’s global GTL push reaches Uzbekistan

South Africa’s Sasol have taken a step closer to building a gas-to-liquids (GTL) plant in Uzbekistan after signing an investment agreement with the Uzbek government and Malaysia’s Petronas on Monday.

20 September 2011
Projects

Shtokman to provide project costs to shareholders in October

Shtokman Development AG will present shareholders with an evaluation of the project's costs next month, the company told Interfax on Tuesday. The shareholders plan to make a final investment decision based on these calculations in December.

20 September 2011
Unconventional Gas

China targets 8.5 bcm of shale gas output by 2015

China is targeting 8.5 billion cubic metres of annual shale gas production by 2015 as outlined in the as-yet-unreleased 2011-2015 Shale Gas Development Plan drafted by the National Energy Administration (NEA), a researcher with the Ministry of Land and Resources (MLR) said at an industry forum in Xiamen City, Fujian Province on 19 September.

20 September 2011
Projects

Beyond Shah-Deniz

The Shah-Deniz natural gas development is not the only project that Azerbaijan’s energy sector is currently focusing on. Ahmed Mehdi investigates the other fields drawing their attention.

20 September 2011
Licensing Rounds

Global jumps straight into Namibia seismic work after acquisition

Australian exploration company Global Petroleum has launched straight into seismic work offshore Namibia after completing the acquisition of Jupiter Petroleum.

19 September 2011
Unconventional Gas

PGNiG starts technical shale flows from Lubocino concession

Polish incumbent PGNiG has started flowing technical volumes of shale gas from its Lubocino concession near Wejherowo in Northern Poland, PGNiG announced on Monday.

19 September 2011
Unconventional Gas

China targets 21 bcm of CBM output by 2015 - NEA official

China’s National Energy Administration is forecasting annual production of 21 billion cubic metres (741 billion cubic feet) from coal-bed methane licences by 2015, an NEA official said at an industry forum in Xiamen City, Fujian Province on Monday.

19 September 2011
Projects

CNPC unit to lift annual natural gas production capacity to 10 bcm by 2015

Daqing Oilfield Co. Ltd. (Daqing), a subsidiary of China National Petroleum Corp. (CNPC), plans to increase gas production capacity to 10 billion cubic metres (352 billion cubic feet) by 2015, a senior manager at CNPC said in a statement on Monday.

19 September 2011

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