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Licensing Rounds

Naftogaz Ukrainy to ask to reduce Yuzovsky gas area before tender

Ukraine's national oil and gas company Naftogaz Ukrainy will ask the Ukrainian Energy and Coal Industry Ministry to reduce the Yuzovsky gas area (7,886 square km) before putting it up for tender, Depu

19 January 2012
Projects

TNK-BP starts drilling in Vietnam

TNK-BP has started drilling a production well at the Lan Do offshore field in Vietnam, it announced on Thursday.

19 January 2012
Unconventional Gas

Peer review will undercut EPA fracking findings – API

Peer review will reveal flaws in the US Environmental Protection Agency’s recent findings suggesting a link between groundwater contamination and hydraulic fracturing, according to trade association the American Petroleum Institute.

19 January 2012
Unconventional Gas

India’s shale promise

GC Chaturvedi, secretary of India’s Ministry of Petroleum and Natural Gas, spoke to Siddharth Srivastava about the government’s efforts to spearhead shale gas development

18 January 2012
Projects

Austrailian gas project nears completion

The BHP Billiton-ExxonMobil Bass Strait Turrum gas project in south-eastern Australia is 72% complete and expected to begin producing 5.7 MMcm/d in 2013, BHP said on Wednesday.

18 January 2012
Projects

Tullow-Shell tie-up hints at Atlantic drilling struggle

Investors thought the news was a sign of more challenging exploration outlook for Tullow, which prides itself on opening up underexplored frontier basins in Africa and Latin America.

18 January 2012
Projects

CNOOC targets conservative production growth for 2012

China’s CNOOC Ltd, the listed arm of parent CNOOC, intends to produce 330 to 340 million barrels of oil equivalent (MMboe) in 2012, the company told investors in a conference call on Wednesday.

18 January 2012
Projects

BG Kenya seismic surveys

UK’s BG Group has completed 3D and 2D seismic surveys over its L10A and L10B licence areas off the coast of Kenya, Upstream reported on Wednesday.

18 January 2012
Projects

$100/b oil raises incentive for Saudi fuel switching

Saudi Arabia’s oil minister Ali Naimi told CNN on Monday he would like to keep oil prices at around $100 per barrel.

18 January 2012
Projects

For TNK-BP, Vietnam is a friendly destination

TNK-BP’s new Lan Do field in Vietnam, set to begin producing gas this year, is likely to be the company’s first of several investments in the close Russian ally

18 January 2012
Projects

Boosting upstream activity in Barents Sea

Norwegian gas infrastructure company Gassco believes the northward extension of a gas transportation network in the Norwegian Sea would help to boost upstream activity in the Barents Sea, it said in a report submitted to Norway’s Ministry of Petroleum and Energy on Tuesday.

17 January 2012
Licensing Rounds

Brazil startles market with pre-salt auction target of 2012

Legislative progress may still be hampered by continuing disagreement between Brazil’s states over the partition of royalties

17 January 2012
Projects

Gas investment in Azerbaijan opening up – Aliyev

Following last year’s resolution of Azerbaijan’s transit agreements, the country is open for investment in the oil and gas industry, Azerbaijani President Ilham Aliyev said on Monday.

17 January 2012
Discoveries & Reserves

Alfren makes discovery off SE coast of Nigeria

UK-listed explorer Afren has made a new discovery off the south-eastern coast of Nigeria with the Okoro East exploration well, the company announced to the London Stock Exchange on Tuesday.

17 January 2012
Discoveries & Reserves

Homer Ferrington rig arrives at Leviathan 1

The semi-submersible Homer Ferrington rig has arrived at the Leviathan 1 well located in the Rachel licence off the coast of Israel and is expected to start drilling “in the coming days”, licence operator Delek Energy said in a press release on Monday.

17 January 2012
Discoveries & Reserves

Another gas find for Anadarko in Mozambique

United States group Anadarko announced a new gas find offshore Mozambique on Tuesday which lent support to the company’s previous 30 trillion cubic feet (849.6 billion cubic metres) gas-in-place est

17 January 2012
Unconventional Gas

China to produce 15 bcm of CBM in 2012

China’s coal-bed methane output is expected to reach 15.5 billion cubic metres in 2012, up by more than a third from the 11.5 bcm produced last year, state-run Xinhua news agency.

17 January 2012
Projects

Australian minister in US to promote investment

The Australian Minister for Resources, Energy and Tourism, Martin Ferguson, is in the United States this week for the annual ’G’Day USA’ event and series of meetings, during which he hopes to promote and highlight American investments in resource projects such as the Gorgon, Darwin and Wheatstone LNG developments

17 January 2012
Discoveries & Reserves

Petronas awards two deep-water blocks to JX Nippon and Inpex

Malaysia’s state-run Petronas has awarded two deep-water offshore exploration blocks to Japan’s JX Nippon and Inpex, Dow Jones reported on Tuesday.

17 January 2012
Projects

Australia’s Neon farms back into Vietnam

The small Australian exploration and production company Neon Energy has farmed into two offshore Vietnam blocks, marking its first move in an effort to expand in south-east Asia, the company announced on Monday.

17 January 2012

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