China to Boost Energy Reserve Capacity, Support Unconventional Gas Exploration
China said on Friday it will bolster the capacity of the country's energy reserves and offer lower gas and electricity charges to key industries, as it looks to ensure energy supply…
Oil Is Our Gold and We Aim to Use All of It -ADNOC
Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.The…
CNOOC Earnings on the Rise
China's national offshore producer CNOOC Ltd reported a near 19% rise in first-half profit on Thursday, as higher sales of oil and gas offset weaker global oil prices.The listed arm…
MENA Region to Lead Global Oil and Gas for Decades to Come: DNV GL
The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to DNV GL’s 2018 Energy Transition Outlook…
Total Wins 40% Stake in Unconventional Gas Concession
Abu Dhabi National Oil Company (Adnoc) has awarded a 40 per cent stake in the Ruwais Diyab gas concession to French energy major Total.Adnoc group, for which the award is an important…
Excelerate, TGS Join for Argentina LNG Export Study
Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an LNG liquefaction and export project at Bahia Blanca in Argentina.Argentina…
Saudi Aramco Mulls Bids to Expand Gas Plant
Saudi Aramco has received bids from international engineering firms to expand the Hawiyah gas plant, industry sources said on Wednesday as the state oil giant continues spending to expand its core business.
Saudi Aramco's 2016 Annual Review Shows Changes
Saudi Aramco <IPO-ARMO.SE> said on Thursday its recoverable crude oil and condensate reserves slipped to 260.8 billion barrels at the end of 2016 from 261.1 billion a year earlier.
Polish Firms Concede Defeat in Search for Shale Gas Riches
Poland's drive to exploit shale gas has come to an end with state-run gas firm PGNiG and oil refiner PKN Orlen drawing a line under projects to find it. The country's quest to explore for shale gas began five years ago…
Gazprom Prepares Cold Reception for US Super-cooled Gas
Liquefied natural gas (LNG) from the United States is set to do battle in Europe but Russia's Gazprom is setting the stage, preparing a cold reception for the super-cooled gas set to cross the Atlantic.
Saudi Aramco Discovering More Oil, Continues CapEx
Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand, its new energy minister said.
Statoil Farms into Turkey Onshore Acreage
Statoil announced it has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50 percent interest in the Banarli licences…
Statoil farms into Turkey Onshore Acreage
Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50% interest in the Banarli licences…
BP, CNPC Ink BP’s Gas Production Sharing Contract
BP and China National Petroleum Corporation (CNPC) today signed a production sharing contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China.
Australia - A Gas Giant Abroad but Fragile at Home
A new Government report on the Australian gas market highlights the need for Government policy action to provide a ‘level playing field’ for gas. Gas Market Report 2015 released today…
Greka Bags Essar Drilling Deal
Greka Drilling Limited, the largest independent and specialised unconventional oil & gas driller in Asia, has secured a new contract to provide drilling services to Essar Oil Limited…
Saudi Aramco Won't Reduce Rig Numbers in 2016
State oil giant Saudi Aramco is expected to keep the same number of its oil and gas drilling rigs this year despite weak oil prices, industry sources said. Saudi Aramco has asked oilfield…
LCK - Initial PRMS ISG Gas Resources Certification
Leigh Creek Energy (LCK) announced having achievemed a 2C SPE-PRMS ISG gas resource of 2,963.9 PJ at its flagship Leigh Creek Energy Project (LCEP) reported in accordance with the Society…
Scotland Widens Shale Moratorium
Scotland has placed a moratorium on underground coal gasification, a form of unconventional gas extraction, adding to a ban on shale gas that it imposed in January in conflict with…
Japan's JGC Wins Saudi Aramco's Shale Gas Contract
Japan's JGC Corp has won a contract to build shale gas facilities in the northwest of the country for state oil company Saudi Aramco , industry sources familiar with the matter said.
