China has picked Xinjiang to host public auctions of oil and gas exploration rights as part of pilot reforms to the country’s upstream sector.
Tensions are escalating in the South China Sea. The area may become unstable, and oil and gas reserves are potentially at stake.
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The Papua LNG project was launched this week in Papua New Guinea by the Elk-Antelope joint venture – which consists of Total, Interoil and Oil Search.
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