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Licensing Rounds

Success of Iraq’s next oil and gas licensing round depends on higher remuneration fees

Iraq’s fourth licensing round is likely be fiercely competitive, forcing the 46 pre-qualified bidders to assess whether access to oil and gas is “more important than remuneration for extracting them”, Rami Abdulkarim, a petroleum analyst at IHS Energy told Interfax.

15 September 2011
Unconventional Gas

India needs regulations for successful unconventional gas E&P

Exploration and production of coal-bed methane (CBM) and shale gas are critical to India’s ability to meet its rising demand, and its development will require strong support and regulation from the government, oil and gas stakeholders said on Wednesday and Thursday at the Offshore and Unconventional Oil and Gas Conference in Mumbai.

15 September 2011
Unconventional Gas

CNPC targets 4 bcm of CBM output by 2015

China National Petroleum Corp., the country's largest oil and gas producer, is targeting an annual coal-bed methane production of 4 billion cubic metres (141 billion cubic feet) by the end of the 2015, a CNPC executive said at an industry forum in Beijing on Wednesday.

14 September 2011
Unconventional Gas

Shale gas to play a more prominent role in China's energy mix

A growing shortfall between gas supply and demand has prompted China to look to the US for a model of how to exploit shale gas reserves, but developing indigenous technology will take much longer than

14 September 2011
Discoveries & Reserves

Shaikan reserves more than double, shares fall

UK-listed Gulf Keystone reported a 150% increase in estimated reserves at the Shaikan field in the Kurdish region of northern Iraq on Wednesday.

14 September 2011
Licensing Rounds

India’s tenders fairer with NELP, but foreign investment still low

Despite continued dissatisfaction with the government’s New Exploration Licensing Policy (NELP), the policy has injected more transparency and fairness into the country’s exploration and production tenders than ever before, Minister of Petroleum and Natural Gas Shri Jaipal Sudini Reddy said on Wednesday at the Offshore and Unconventional Oil an

14 September 2011
Projects

Sasol plans $10 billion US GTL plant

Sasol has announced plans to build a $10 billion GTL plant on the US Gulf Coast, the first such facility in the country. The macroeconomic environment at the moment certainly makes such a project viab

14 September 2011
Licensing Rounds

Gazprom set to obtain Kovykta licence by early October

Russian gas giant Gazprom expects to receive licensing rights to the Kovykta gas condensate deposits by early October, Vsevolod Cherepanov, Gazprom’s Head of the Gas, Gas Condensate and Oil Production Department said on Wednesday.

14 September 2011
Unconventional Gas

China energy firms proceed with coal-to-gas projects despite uncertain profit margins

With 70% of China’s power coming from coal, it’s no wonder the Chinese government is pushing coal-to-gas projects as a way of cleaning up the energy industry, but questions remain about profitability.

13 September 2011
Licensing Rounds

OGX picks up further Parnaíba Basin assets

Brazilian oil and gas company OGX Petroleo e Gas Participacoes, which is controlled by billionaire Eike Batista, said on Monday that the country's ANP hydrocarbons regulator had approved its acquisition of a 50% stake in a block situated in the northern Parnaíba Basin.

13 September 2011
Licensing Rounds

The Cypriot Electric Authority mulls minority stake in LNG plant

The Electric Authority of Cyprus (EAC) met with Israel’s Delek Group and Texas-based Noble Energy on Monday to discuss the possibility of taking a stake in a planned LNG liquefaction plant in Cyprus, spokesperson Costa Gavrielides told Interfax today.

13 September 2011
Unconventional Gas

India’s shale potential remains in the distance

Although India’s shale potential raises excitement, shale gas remains a long-term aspiration rather than a short-term answer to the country’s decreasing supply, regardless of the promising surveys

13 September 2011
Projects

Rosneft mulls Exxon participation in Val Shatsky project in Black Sea

Russian oil company Rosneft is engaged in negotiations with two companies, one of them ExxonMobil, over participation in the Black Sea Val Shatsky project, company chief Eduard Khudainatov today told Interfax on Tuesday.

13 September 2011
Projects

E&P safety checks crimp CNOOC output this year

Offshore exploration and production (E&P) safety inspections mandated by Chinese authorities are likely to reduce output for China National Offshore Oil Corp. Ltd. (CNOOC Ltd.) by 10% this year, Gordon Kwan, head of energy research at Mirae Asset, told Interfax today.

13 September 2011
Projects

'No problems' with Shell gas-gathering deal, says Iraqi oil ministry

There are “no problems” with Shell’s $17 billion gas-gathering deal in Iraq, the country’s oil minister Abdul-Kareem Luaibi told Dow Jones on Sunday.

12 September 2011
Projects

Absheron gas production could start in 2021-2022 - SOCAR

Gas production at Azerbaijan's offshore Absheron block could start in 2021-2022, Hoshbakht Yusifzade, first vice president of the State Oil Company of the Azerbaijani Republic (SOCAR), said at recent press conference in Azerbaijan.

12 September 2011
Projects

Cameron and Medvedev may review Gazprom and Shell Sakhalin 2 partnership

Gazprom and Shell are considering the possibility of increasing gas extraction and the production of LNG at Sakhalin, Russian presidential aide Sergei Prikhodko told reporters ahead of British Prime Minister David Cameron's visit to Moscow – a first visit in six years by a British prime minister.

12 September 2011
Unconventional Gas

Fortune Oil spokesperson expects Chinese gas prices to go up

Michael Jones, the technology and development director of China based Fortune Oil, told Interfax last week that he expects the government will increase domestically capped gas prices.

12 September 2011
Unconventional Gas

Shenhua targets 1.8 bcm of annual CTG output by 2015

Shenhua Group, China's largest coal producer, is aiming to produce 1.8 billion cubic metres (64 billion cubic feet) of coal-to-gas (CTG) output per year by 2015, the company said at an industry conference in Beijing on Thursday.

9 September 2011
Licensing Rounds

Uruguay hopes for second time lucky with offshore licensing round

Uruguay's President José Mujica has launched the country's second offshore oil and gas licensing round. A total of 15 previously unexplored blocks located on Uruguay's continental platform will be offered in a process called ‘Round Uruguay II’.

9 September 2011

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