Archive for 'Oil and gas'

Oct 04, 2013 With the ink barely dry on his country’s long sought nuclear co-operation agreement, India’s top diplomat says his county is setting its sights on increasing the flow of oil and gas imports from Canada. Indian High Commissioner Nirmal Verma also tells The Canadian Press that his country would like to see the completion of a pipeline to Canada’s east coast that would carry Alberta crude to Atlantic Ocean ports. Verma says India would consider ...

Sep 23, 2013 More than one-third of Libya

Sep 16, 2013 Russia continues to ratchet up the pressure on Belarus amid the potash spat, as an export schedule shows it will cut oil pipeline supplies to the country by 42% in Q4. According to the schedule, Russia will ship 3.1M metric tons of oil (62K bbl/day) to refineries in Belarus via pipeline in October-December, down from 5.3M metric tons originally planned for Q3. Russian oil pipeline monopoly Transneft also has said oil shipments to Belarus would ...

Aug 20, 2013 Kenya is headed to become the first oil exporter in East Africa, moving in less than five years from being a have-not nation to the regional leader in cutting reliance on energy suppliers such as Royal Dutch Shell Plc. After Tullow Oil Plc (TLW) discovered oil last year, Kenya is set to start shipments in 2016, overtaking neighboring Uganda, where Tullow found crude more than seven years ago. The U.K. explorer plans to start pumping ...

Aug 19, 2013 Hundreds of protesters have participated in an anti-fracking protest march against Cuadrilla’s oil test drilling at Balcombe in West Sussex. Cuadrilla stopped oil-drilling operations at the site in anticipation of the anti-fracking protests. The company’s spokesman told the Guardian newspaper: « We will resume full operations as soon as it is safe to do so. » Cuadrilla announced it has no immediate intention to frack at Balcombe. However, it is conducting exploratory drilling on an ...

Aug 15, 2013 Mexican President Enrique Pe

Drilling activity and spending will significantly increase in global deepwater markets over the next decade, according to a study from Wood Mackenzie. The « Future of Global Deepwater Markets » study indicates well spend is expected to rise from US$43 billion in 2012 to US$114 billion in 2022.

Jul 30, 2013 The latest discovery of oil and natural gas reserves offshore China proves the area is prolific for energy explorers, China National Offshore Oil Corp. said. CNOOC announced it made two new exploration discoveries in the Bohai Bay off the Chinese coast. The company said drilling operations at the Bozhong 8-4 and Kenli 10-4 wells encountered a combined 311 feet worth of oil reservoir and 36 feet of natural gas layer. « The successful discovery ...