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Projects

BP wins approval for farm-in to CNOOC deepwater block

A year after reaching an agreement with China National Offshore Oil Corp. (CNOOC), BP has completed its farm-in to a deep-water block in the South China Sea, after it obtained approval from China's Ministry of Commerce (MOFCOM).

15 February 2012
Projects

Technip wins contract for Saudi Arabia pipeline

France’s Technip has been awarded a contract by Kuwait Gulf Oil Company for the engineering, procurement, construction and commissioning assistance of a gas export pipeline running from Saudi Arabia to Kuwait, the company announced on Tuesday.

14 February 2012
Projects

Algeria authorises $3 bln development for six North Reggane fields

The Algerian government has authorised the $3 billion development of six fields of the North Reggane project in the Algerian Sahara desert, it announced on Tuesday.

14 February 2012
Discoveries & Reserves

PetroTrans exchanges draft agreements with Djibouti over LNG export

Chinese company PetroTrans has exchanged draft agreements with the Djibouti government over the possibility of exporting gas from Ethiopia via its port, the company’s legal advisor Philip Hirschler told Interfax on Tuesday.

14 February 2012
Unconventional Gas

Santos fires back

Australia’s Santos has fired back against a report published on Tuesday by the Australia Institute, which questions the “alleged benefits” of the company’s coal-bed methane (CBM) projects in New South Wales.

14 February 2012
Projects

Bidding for Indonesia’s Makassar Strait projects expected soon

Indonesia expects to launch a bidding round for the development of three Chevron-operated deep-water reserves in the Makassar Strait within the next two months, in the hopes of beginning gas production by 2016.

14 February 2012
Discoveries & Reserves

Sinopec unit lowers gas output targets in Xinjiang for 2012

Sinopec Northwest Oilfield Corp. expects gas output from the Xinjiang Uyghur Autonomous Region to fall by 11.9% year-on-year.

14 February 2012
Unconventional Gas

EPA’s fracking conclusions spark fierce criticism

An EPA press release has added fuel to an ongoing debate between proponents and opponents of hydraulic fracturing by questioning the validity and purpose of the procedure.

14 February 2012
Unconventional Gas

Shale deals boost US M&A activity

Competition for choice liquids prospects in the United States has driven up deal values, resulting in $186.5 billion of M&As in the country in 2011. Conway Irwin investigates this trend

13 February 2012
Licensing Rounds

Baghdad warns Total of 'full consequences' of signing KRG contracts

Iraq's Deputy Prime Minister for Energy Hussain al-Shahristani said Total would have to bear the “full consequences,” if it signed oil and gas exploration deals with the Kurdistan Regional Government (KRG) without Baghdad’s approval, Reuters reported on Sunday.

13 February 2012
Projects

Hyundai reaffirms commitment to Musandam plant

South Korean conglomerate Hyundai has reaffirmed its commitment to the Musandam gas-fired power plant project in Oman, according to the Oman Daily Observer.

13 February 2012
Unconventional Gas

China ratchets up shale gas output forecast for 2020

China's shale gas output could exceed 100 billion cubic metres per year (bcm/y) by 2020, Zhang Dawei, deputy director of the Ministry of Land and Resources' (MLR) Oil and Gas Centre, told Interfax on Monday.

13 February 2012
Projects

Rising US output offsets Noble’s Mediterranean losses

Houston-based independent Noble Energy expects oil and liquids to assume a larger role in its production mix in 2012, but higher gas output in the United States will help to offset lost production volumes in the eastern Mediterranean.

10 February 2012
Projects

Husky joins flight from dry gas production

Canadian company Husky has said it will use North American gas production to help fuel its oil operations as it shifts capital away from North American gas because of low prices.

10 February 2012
Projects

Isolated Iran talks up Gulf gas deals

As the US and EU tighten sanctions against Iran, Tehran looks to strengthen relations with its Gulf neighbours through the development of shared gas fields.

10 February 2012
Unconventional Gas

China slashed spending on overseas oil and gas assets in 2011

China dialled down spending on overseas oil and gas assets in 2011, with acquisitions down by one-third from a year earlier to $19.25 billion, China National Petroleum Corp. (CNPC) said in its 2011 Global Oil and Gas Industry Development Report issued on Thursday.

10 February 2012
Unconventional Gas

San Leon strikes gas in second Polish well

San Leon Energy has found gas in its second shale gas exploration well in the Baltic Basin in Poland, increasing confidence in the future of Eastern European shale gas despite recent setbacks.

10 February 2012
Licensing Rounds

SK Innovation to bid in Iraq’s fourth fourth licencing round

South Korea’s SK Innovation will be allowed to participate in Iraq’s fourth licensing round after selling its stake in the Basian oilfield in the Kurdistan Region of Iraq (KRI).

10 February 2012
Unconventional Gas

A measured approach to EMEA unconventional exploration

Regulatory, environmental, and technological issues related to unconventional gas exploration and production are global concerns, and were the top issues discussed during the Unconventional Gas E&P Forum held in Istanbul, Turkey between 6 and 8 February.

10 February 2012
Projects

Karachaganak gas refinery

The first production line of the planned gas refinery in Karachaganak could be put into operation in 2019, the press service to Kazakhstan's national oil and gas company Kazmunaigas told Interfax.

10 February 2012

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