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Licensing Rounds

Oil and gas industry attacks narrow US leasing programme

Plans for expanding access to the US Outer Continental Shelf do not go far enough, oil and gas trade associations argue.

10 November 2011
Discoveries & Reserves

BP announces discovery in Brazil’s pre-salt layer

UK-based BP announced on Wednesday that it had discovered gas at one of its blocks in the Brazil’s ultra-deep pre-salt layer.

9 November 2011
Projects

Tullow lowers Jubilee output guidance on ‘mechanical issues’

London-listed Tullow Oil downgraded its production guidance for the Jubilee field in Ghana by 3.7% to between 79,000 and 81,000 barrels of oil equivalent per day (boe/d) because of “mechanical issues” related to the design of the well completions.

9 November 2011
Discoveries & Reserves

Sinopec subsidiary eyes 7.5 bcm of annual natural gas output by 2015

Sinopec Southwest Oil & Gas Co. plans to boost natural gas production to 7.5 billion cubic metres by 2015, the company confirmed to Interfax on Wednesday.

9 November 2011
Discoveries & Reserves

ExxonMobil find in Vietnam fuels Spratlys tensions

ExxonMobil’s gas find off the Vietnamese coast has sparked a new flare-up in tensions between China and Vietnam in the South China Sea.

8 November 2011
Discoveries & Reserves

Cairn Energy hopes for Greenland finds by December

UK oil and gas explorer Cairn Energy is to continue drilling its last two wells in Greenland’s Atammik block, which may or may not result in a commercial discovery, until the end of November.

8 November 2011
Discoveries & Reserves

PetroTrans holds LNG talks with Djibouti

China’s PetroTrans has held talks with the Djibouti government about the possibility of building LNG export facilities for gas produced over the border in Ethiopia, the company’s legal adviser Philip Hirschler told Interfax on Tuesday.

8 November 2011
Discoveries & Reserves

Saras eyes first gas field in Sardinia

Italian oil refining company Saras has identified potential for a significant gas discovery on the island of Sardinia, and plans to start drilling the area in the next few months.

8 November 2011
Projects

CNPC in talks with Iran to revive South Pars development

CNPC is in discussions with Iran’s NIOC to develop the South Pars Phase 11 project, according to a source at the Chinese company.

7 November 2011
Projects

Syria needs gas production as tighter sanctions loom

International sanctions against Syria should not be extended to the production of gas, Ausama Monajed, the executive director of Strategic Research & Communication Centre, a London-based think-tank, told Interfax on Monday.

7 November 2011
Discoveries & Reserves

Norway invites companies to nominate blocks in Barents Sea

The Norwegian energy ministry this week invited oil and gas companies to nominate blocks that they want considered for the 22nd licensing round on the Norwegian continental shelf.

4 November 2011
Unconventional Gas

Mexico’s shale ambitions require open markets

Mexico’s need for assistance with hydraulic fracturing could be the catalyst for further foreign investment in the country.

4 November 2011
Licensing Rounds

Peru bidding round delayed by indigenous law

The head of Peru’s oil and gas regulator has told Interfax that the country’s eagerly awaited 2011 oil and gas bidding round will be delayed until the first quarter of 2012 in order to accommodate a new law on community consultation.

4 November 2011
Projects

Enerflex wins contract to build Block 60 gas processing facility in Oman

Oman Oil Company Exploration and Production (OOCEP), the upstream arm of the state-owned Oman Oil Company, has awarded Canada’s Enerflex a $228 million contract to build a plant to process gas from the Block 60.

3 November 2011
Projects

Petroperu to re-join upstream fray next year

Humberto Campodónico, the president of state-controlled Petroperu, has told Interfax that the company will return to upstream activities next year, acquiring stakes in both existing and new oil and gas projects. He also said that the company was close to various deals for midstream projects.

3 November 2011
Discoveries & Reserves

China confirms 15% of exploitable gas reserves

Preliminary surveys have confirmed 15% of China's exploitable gas reserves, Zhang Hongtao, chief engineer of the Ministry of Land and Resources (MLR), said at a press conference in Beijing on Thursday.

3 November 2011
Projects

Production resumes at main Libyan field providing Italy with gas

The joint venture between Italian energy company Eni and Libya's National Oil Company (NOC), Mellitah Oil & Gas, resumed production at the Bahr Essalam deposit in Libya, the main supplier for the GreenStream gas pipeline to Italy, on Wednesday.

3 November 2011
Unconventional Gas

Yanchang tapped by MLR for shale gas demonstration project

Shaanxi Yanchang Petroleum, China's fourth-largest oil producer, has been selected by the Ministry of Land and Resources (MLR) to build a shale gas development demonstration project, Du Yan, director of Yanchang Petroleum's Strategic Planning Research Institute, told Interfax on Tuesday.

2 November 2011
Discoveries & Reserves

Meeting Middle Eastern gas demand

With gas demand across the Middle East rising, the EIU’s Peter Kiernan discusses how the region will meet its fuel needs.

2 November 2011
Licensing Rounds

Algeria hasn’t escaped Arab Spring unscathed

Algeria has so far managed to avoid wide-spread protests of the scale seen in neighbouring Libya, but that does not mean the country has been unaffected by the Arab Spring.

2 November 2011

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