Aug 24, 2013 Notwithstanding US opposition to its gas pipeline project with Iran, Pakistan is looking at the possibility of extending it to China as part of a planned economic corridor. Pakistani and Chinese officials will discuss the laying of the gas pipeline from Gwadar to western China in a meeting to be held. They will also take up a proposal about constructing an oil pipeline between the two countries. The two sides will sign a memorandum ...
Continue Reading ?Aug 23, 2013 Pakistan has decided to boycott the 22 August talks about the TAPI (Turkmenistan, Afghanistan, Pakistan and India) pipeline project. This comes in the wake of violation of the line of control agreement between India and Pakistan. Both sides have launched attacks at each other during the last few weeks resulting in several casualties on both sides of the border. The on-going peace process between both India and Pakistan has, as a result of this border ...
Continue Reading ?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 ...
Continue Reading ?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 ...
Continue Reading ?Aug 08, 2013 A pipeline carrying oil from Iraq to world markets has been shut by authorities due to an explosion in Turkey. Local media reports cited Kurdish rebels as the cause of the blast, which is the second such incident in two weeks. Turkey’s pipeline company, BOTAS, said the explosion occurred late on 5 August 2012 near the south-eastern town of Midyat, and damaged the pipeline running from Kirkuk, in northern Iraq, to the Turkish Mediterranean port ...
Continue Reading ?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.
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