Saturday, May 25, 2013
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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...
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,”...
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 has said that its two month old campaign to find gas in New Zealand’s Maui field is meeting expectation. Shell New Zealand chairman Rob Jager said campaign off the Taranaki coast which could last into early next year, the New Zealand Herald reported . The first well had hit its target depth...
Tanzania will launch its 4th Tanzania Deep Offshore and North Lake Tanganyika Licensing Round in October. The round was delayed in September 2012 and will now be launched during the 2nd Tanzania Oil and Gas Conference and Exhibition that will be held from 23rd to 25th October 2013. The 4th Tanzania...
The United States has granted conditional authorization to export domestically produced liquefied natural gas (LNG) to nations that do not have Free Trade Agreement (FTA) with it. The development has major implication for India as it opens prospects of export of US shale gas to India, Press Trust...
Petronas Gas is expected to complete a feasibility study pertaining to construction of two new regasification terminals by 2014. The gas unit of Malaysia's Petronas is considering building terminals in Johor in the south and Borneo on Sabah, Dow Jones Newswire quoted Petronas Gas' chairman Anuar Ahmad...
Turkey is expected to transit two billion cubic meters of Iranian gas per year to Europe, Tehran Times said citing a report by Mehr News Agency. The two countries are close to finalize pricing terms and conditions, Tehran Times said. National Iranian Gas Company Managing Director Javad Owji said Iran...
Significant natural gas deposits were discovered Wednesday at the Karish 1 drilling platform, off the coast of Nahariya, Israel. Karish 1 is owned in part by business magnate Yitzhak Tshuva's Delek Group, which is also the controlling shareholder of the offshore Tamar field from which Israel started...