Friday, May 24, 2013
Displaying 1 - 10 of 2846 articles
Dart Energy and consortium of Jindal Steel and Power (JSPL) and Deep Industries have won bids ONGC’s coal bed methane blocks located in the eastern part of India. This is in addition to GEECL which also won 25 per cent stake in the Raniganj CBM block. Dart Energy won 10 per...
Daewoo International, a trading arm of South Korea's POSCO, said Thursday it would start sales of natural gas, which will be produced from June in its two offshore gas blocks in Myanmar, to China, The Korea Herald reported. The two offshore blocks A1 and A3 has been in exploration since 2000 with the...
Bengal Energy will form a strategic joint venture for the exploration and development of its 100% owned Tookoonooka Block (ATP 732) in the Cooper Basin of Australia with Beach Energy. As per the deal Beach will fund Bengal's share of a two well drilling and 3D seismic exploration and appraisal work...
Osaka Gas has said that it has agreed to buy part of licences in Papua New Guinea (PNG) currently held by Horizon Oil to develop condensate and natural gas resources. The Japanese firm will acquire stake in three licenses held by Horizon oil in the PNG. Osaka Gas will pay $204 million for a 40...
MEO Australia has been awarded a new exploration permit, WA-488-P in the Bonaparte basin, Western Australia as part of the 2012 Gazettal Round. The company will hold 100% interest in the permit. It covers an area of 4,105 km2 and is located adjacent to MEO’s WA-454-P (100%) permit.
Production from Galkynysh, world's second-largest gas field located in Turkmenistan, is expected to start by June 30. "This is a very deep field, the total gas accumulation is very large, so we have huge gas production capacity," Annageldi Mametyazov, Turkmen deputy oil and gas minister, told media...
Indonesia and Papua New Guinea (PNG) have agreed to together explore for oil and gas in border areas. “The border possesses a huge amount of unexplored oil and gas reserves, according to data obtained by our team. Economically, it would be easier to jointly explore these untapped resources,”...
Leyshon Resources has said that flow testing of its two wells ZJS5 and ZJS6 in Ordos Gas Basin in Central China is ongoing with initial results expected next week. Both wells ZJS5 and ZJS6 are part of an initial programme designed to explore and test the potential for commercial gas production...
Iran is ready to boost bilateral cooperation with Pakistan in oil and gas sector. Country’s First Vice President Mohammad-Reza Rahimi on Monday said Iran is willing to meet Pakistan’s need for gas and electricity, Press TV reported. On March 11, Iran and Pakistan inaugurated the final construction...
Shell is unlikely to divest its stake in Australia’s Woodside Petroleum this year as it sees prices undervalued, Bloomberg reported Shell “eventually would sell the stake, it’s no longer strategic,” Chief Financial Officer Simon Henry told reporters at the annual general meeting...
