Policy & Regulation

Upstream

India stands ready to tackle gas shortages

Facing a falling gas supply and growing demand, India’s petroleum minister is taking a tougher stance toward the industry and encouraging new ventures.

29 February 2012
Upstream

An optimistic outlook for India’s gas supply

Indian Minister of Petroleum and Natural Gas Jaipal Reddy spoke to Interfax about the ministry’s efforts to tackle the country’s growing gas shortfall.

29 February 2012
Environment

Japanese cities press for shelving of nuclear power plants

Three of Japan’s largest cities within the Kansai region have submitted a written request pressing Kansai Electric Power Co. (Kepco) to shelve its nuclear facilities.

28 February 2012
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Industry urges UK to take ‘right steps’ in 2012 budget

One of the UK’s main oil and gas trade associations has urged Chancellor George Osborne to take the “right steps” when he announces the budget on 21 March

28 February 2012
Markets

PGNiG could get new national gas tariff by end of March

Polish state-owned gas monopoly PGNiG could have a new domestic tariff in place by the end of March allowing it raise commercial gas prices, sources at the national energy regulatory office (URE) told Interfax on Monday.

28 February 2012
Upstream

Indian minister urges firms to tackle complex reserves

Having already discovered “easy” oil and gas sources, Indian geoscientists and companies need to step up their efforts to find and tackle the more challenging fields so as to step up the country’s fast-declining domestic output, India’s minister of petroleum and natural gas said in a meeting on Monday.

28 February 2012
Upstream

Shell leads South Africa upstream push

Driven by growing domestic demand for gas, the South African government is opening up more offshore and onshore areas for exploration. Anglo-Dutch super-major Royal Dutch Shell is principal among the companies hoping to take advantage of this.

27 February 2012
Upstream

Australia’s cashed-up bogans

Australia’s oil and gas industry is making millionaires of miners, but not everyone’s happy.

27 February 2012
Upstream

Shanxi Province needs $30 bln to reach CBM output targets

Shanxi Province’s coal-bed methane (CBM) industry will require more than RMB 200 billion ($31.76 billion) in investment between now and 2015, Yi Qinglin, a director with the local arm of the National Development and Reform Commission

27 February 2012
Markets

BP pushes for predictable prices

BP is pushing for a predictable gas pricing regime in India, The Economic Times reported on Monday.

27 February 2012
Markets

Hollywood and hydrocarbons

Can Sean Penn change gas prices? Perhaps not, but his willingness to wade into Latin American issues has brought the region’s energy politics onto the world stage.

24 February 2012
Upstream

Luring Western Australia’s gas players to shore

Western Australia’s offshore exploration is booming, but its vast onshore reserves remain largely untouched. The state’s Minister for Mines and Petroleum Norman Moore spoke to Interfax about how WA is trying to change this.

24 February 2012
Markets

Bangladesh to make gas tariff hike decision

The government of Bangladesh will make a decision soon on whether to hike gas tariffs for all consumers, except for those using compressed natural gas (CNG), The Financial Express reported on Thursday.

24 February 2012
Upstream

Japan hopes for US import approval

Japan is hoping to reach an agreement to import LNG from US projects in Louisiana and Maryland at a bilateral meeting scheduled for this spring, Reuters reported on Wednesday, citing a local Japanese newspaper.

22 February 2012
Upstream

US and Mexico agree Gulf exploration deal

Following nearly forty years of failed negotiations, the United States and Mexico reached agreement on Monday to explore and develop oil and gas reserves along the US and Mexico’s maritime borders in the Gulf of Mexico.

21 February 2012
Upstream

Calls to fix India’s ‘distorted’ gas pricing system

India’s most active oil and gas companies are calling for a fairer, more transparent and market-based gas pricing system, and the government Planning Commission’s deputy chairman agrees.

20 February 2012
Upstream

Israel to set up sovereign fund to manage gas profits

Israel’s cabinet is beginning discussions to establish a sovereign wealth fund (SWF) to manage revenues from its giant Tamar and Leviathan gas fields.

20 February 2012
Markets

Ministry reveals gas supply limit terms for Russian consumers

Straight after the end of the severe winter weather, the Russian Energy Ministry published an instruction, signed in 2011, regulating gas supply restrictions for industrial consumers. Instruction N652 from 30 December 2011, registered with the Justice Ministry on 6 February, was published on Friday in the Rossiyskaya Gazeta newspaper.

17 February 2012
Upstream

US Energy Department considering export consequences

The United States Energy Department will not make a decision on future LNG exports until it has considered the consequences of sending gas abroad, Energy Secretary Steven Chu told lawmakers at a Senate energy committee hearing on Thursday.

17 February 2012
Markets

UK, France nuclear deal meets with scepticism

France and the United Kingdom signed a nuclear cooperation deal worth more than €500m on Friday, with the UK Government saying that the agreement proves its commitment to nuclear in a “diversified energy mix.”

17 February 2012

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