energy-pedia news
search the energy-pedia news archive - by date, type, and region
| 30 Jul 10 |
Bulgaria: Melrose Resources announces Kavarna East Gas Discovery and provides exploration update
Melrose Resources has announced an exploration discovery in the Galata Block offshore Bulgaria, a new agreement to farm-down its interests in the Rhone Maritime concession offshore France and the commencement of seismic acquisition operations in the South East Mansoura concession in Egypt. |
| 30 Jul 10 |
Egypt: Dana Petroleum announces new oil field discovery at North Zeit Bay, Egypt
Dana Petroleum has announced that the Fin-1X exploration well has discovered a new oil field, in the North Zeit Bay Production Sharing Contract (PSC) area onshore in the Gulf of Suez, in Egypt. |
| 30 Jul 10 |
KNOC set to complete bid package for Dana Petroleum
Korea National Oil Corporation (KNOC) is close to arranging the loans needed to launch a formal £1.7bn offer for Dana Petroleum as the UK oil explorer battles to convince its shareholders to push for a higher offer. |
| 30 Jul 10 |
PetroLatina Energy announces placing to raise US$11.5 million
AIM-listed PetroLatina Energy has agreed to place, in aggregate, 18,503,500 new ordinary shares of US$0.10 par value each in the Company at a placing price of 40 pence per share to raise approx. US$11.5 million. |
| 30 Jul 10 |
Panama: Global Energy Development relinquishes its Garachine Contract offshore Panama
Global Energy Development, the Latin America focused petroleum exploration and production company, announces that it has relinquished its Panamanian Garachine Contract by mutual consent with the Panamanian government. |
| 30 Jul 10 |
India: Essar, Arrow, Great Eastern to invest $158 million in CBM blocks
Essar Oil, Australia’s Arrow Energy and Great Eastern Energy will invest USD 158 million in seven coal bed methane (CBM) blocks, for which contracts were signed with the government on Thursday. |
| 30 Jul 10 |
Ecuador to start oil contract talks in August
Ecuador will begin negotiating with oil majors in August new contracts to favour the state, Non-Renewable Resources Minister Wilson Pastor said on Thursday, setting the clock ticking for firms in the OPEC nation. |
| 30 Jul 10 |
Nigeria oil reforms to be passed in 4-5 weeks
Nigeria's parliament will pass wide-ranging legislation to reform its energy industry within weeks, redefining the OPEC member's relationship with its foreign oil partners, the oil minister said on Thursday. |
| 30 Jul 10 |
GoM: BP issues update on Gulf of Mexico oil spill - July 29
BP has provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. The DDIII rig will make a clean out run with a drill bit on drill pipe prior to preparing to run casing. |
| 30 Jul 10 |
Australia: Stuart Petroleum's Cooper Basin shales may contain world class energy resources
Oil producer Stuart Petroleum has received expert advice that its Cooper Basin tenements have the potential to contain world class resources of natural gas in two media - Shale and Coal. |
| 30 Jul 10 |
Brazil: Repsol closer to IPO of Brazilian upstream assets
Spain's Repsol is close to choosing to float part of its reserve-rich Brazilian upstream assets rather than sell a stake to finance development of the oil fields, a company executive said on Thursday. |
| 30 Jul 10 |
Mexico's oil and gas exploration drilling at decade low
Mexico's state oil company Pemex has this year drilled the fewest wells in search of new crude and natural gas reservoirs since 2001, raising doubts over its drive to sustain production as major fields age. |
| 30 Jul 10 |
Paraguay warns energy companies to follow rules
Paraguay's leftist government has warned companies looking for natural gas that they could lose their exploration licences if they fail to make promised investments and comply with disclosure rules. |
| 30 Jul 10 |
Yemen: Origin Energy's Jebel Al Milh-1 reaches target basement and prepares to log
AWE has reported that the Origin Energy operated Jebel Al Milh-1 well reached a depth of 3,677 metres having penetrated basement. The primary target is fractured Pre-Cambrian basement. |
| 30 Jul 10 |
Albania: Sky Petroleum updates activities on Blocks 4, 5 and Dumre, onshore Albania
Sky Petroleum has announced that it is finalizing the engagement of a company to conduct a geophysical review of the seismic and log data for the three exploration blocks, Four, Five and Dumre. |
| 29 Jul 10 |
Taiwan: CPC makes large gas discovery in northwestern Taiwan
Taiwan government-owned refiner CPC Corp has made a 'large' natural gas discovery at well No. 145 in Miaoli, northwestern Taiwan, estimating the well to be able to produce over 1 billion cubic meters of gas over 20 years. |
| 29 Jul 10 |
GoM: Deep-water beckons as ConocoPhillips sells other assets
ConocoPhillips may seek to expand in the deep-water Gulf of Mexico, where it is 'under-represented' today, but it won't act until regulatory uncertainty created by the BP oil spill is cleared up, CEO James Mulva said. |
| 29 Jul 10 |
Bulgaria: Melrose to start gas production in Bulgaria in October
Melrose Resources said on Wednesday it plans to start gas production as early as October from three fields in Bulgaria, which could meet up to 20 percent of the country's annual gas needs. |
| 29 Jul 10 |
Nigeria: Shell offers to sell five Niger Delta oil leases to domestic companies
Royal Dutch Shell has offered to sell five oil leases - OML 26, 30, 34, 40 & 42 - in Nigeria's Niger Delta to domestic energy companies, according to local reports. |
| 29 Jul 10 |
Argos Resources completes placing and starts trading on AIM
Argos Resources, the oil & gas exploration company with assets in the North Falkland Basin, has announced that its entire issued share capitaln has today (Thursday) been admitted to trading on the AIM market of the London Stock Exchange. |
| 29 Jul 10 |
Vietnam: HSBC engaged to sell BP's stake in Vietnam's Nam Con Son gas project
BP is reported to have engaged HSBC to sell its stake in the Nam Con Son gas project in Vietnam, as it scrambles to hive off $30 billion of assets to pay for the clean-up of the worst oil spill in U.S. history. |
| 29 Jul 10 |
Oil India has $2 billion budget for overseas acquisitions
State-run explorer Oil India Ltd has set aside $2 billion for overseas acquisitions, according to Chairman N.M. Borah. The Company has earlier said it was looking at acquiring stakes in fields in Myanmar and Bangladesh. |
| 29 Jul 10 |
Thailand: Carnarvon Petroleum updates Thailand operations
Carnarvon Petroleum has updated its operations in Thailand, where exploration wells L33-1 & WBEXT-1 have tested a combined 3600 bopd. |
| 29 Jul 10 |
Statoil reports 'high activity and good operations' in second quarter 2010
Statoil's second quarter 2010 net operating income was NOK 26.6 billion, compared to NOK 24.3 billion in the second quarter of 2009. Statoil's second quarter is characterised by strong operational performance and a high activity level. |
| 29 Jul 10 |
Husky Energy to decide on spin-off of Asian oil and gas assets by year-end
Husky Energy, the Canadian oil company controlled by Hong Kong billionaire Li Ka-Shing, said it will decide by the end of the year if it will spin off Asian oil and gas assets. |
Sign up for daily newsletter
Newsfeeds