More Oil & Gas Reserves News
HEC lets contract for DSU at Turkmenistan gas plant
Jan 19, 2010
Hyundai Engineering Co. Ltd. let a contract to Jacobs Engineering Group Inc. for license and design of its proprietary Superclaus technology for a desulfurization unit at a gas plant to be built in Turkmenistan. |
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Special Report: Oil, gas reserves rise as oil output declines
Dec 21, 2009
New estimates for Australia, China, and Turkmenistan have resulted in an increase in reported worldwide oil and gas reserves, according to Oil & Gas Journal's annual survey of proved reserves.
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Editorial: Chad's resource curse
Dec 21, 2009
An assessment of the World Bank's failed Chadian experiment confirms the intuition that poor countries with dodgy governments remain doomed to the resource curse.
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Watching The World: Japan cheers Iraq deal
Dec 21, 2009
Has Japan really succeeded in its long-term effort to secure a foothold in Iraq's oil and gas industry? Apparently so, especially after a consortium led by Japan Petroleum Exploration Co. (Japex) won the rights to develop Gharaf oil field.
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Mariner Energy to purchase Edge Petroleum
Dec 15, 2009
Mariner Energy Inc. will purchase Edge Petroleum Corp. and subsidiaries in a deal worth $215 million. |
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Brazil legislators approve firm for subsalt contracts
Dec 3, 2009
Brazil's Chamber of Deputies approved the first of four government-sponsored bills proposing legislation for the oil sector and the potentially oil-rich subsalt reserves. |
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Comment: Brazil aims to avoid long-term oil 'curse'
Nov 9, 2009
Blessed with the world's largest oil discovery in 30 years, Brazil has recently proposed a new development model designed to turn this unexpected windfall towards the public good rather than the curse it has become for other nations, which have found their discovery a short-lived path to prosperity because of the damage it can wreak on the overall economy.
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SEC rules might have meant US oil reserves hike
Nov 9, 2009
Proved US crude oil reserves fell by more than 10% in 2008, but there would likely have been a smaller drop or perhaps even an increase under new Securities and Exchange Commission rules.
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Watching Government: Chesapeake's NYC decision
Nov 9, 2009
So exactly what did Chesapeake Energy Corp.'s decision not to drill any Marcellus shale natural gas wells in New York City's watershed mean? It depends on who you ask.
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Shale finds muddle Arctic development timing
Oct 26, 2009
The timing of oil and natural gas development in the Arctic, estimated to hold 22% of the world's undiscovered conventional oil and gas resources, has grown less predictable with massive discoveries of gas in the world's shales.
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Gazprom signs gas deal with Azerbaijan
Oct 16, 2009
OAO Gazprom will import 500 million cu m of Azerbaijani gas starting in January 2010 under a contract signed with State Oil Co. of Azerbaijan Republic (SOCAR). |
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Bill seeks disclosure of foreign payments
Sep 24, 2009
Five US senators have introduced a bill which would require companies with stock traded on US exchanges to report payments to foreign governments for oil, gas, and mineral extraction in their regular Securities and Exchange Commission filings. |
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IHS Herold: Global reserves fall in 2008
Sep 24, 2009
Oil and gas companies’ 2008 global investment for exploration and development projects totaled $492 billion—a 21% increase from 2007—yet oil and gas reserves fell, according to a report from IHS Herold Inc. and Harrison Lovegrove & Co. Ltd. |
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Extended OCS comment period produces 350,000 comments, Salazar says
Sep 22, 2009
The US government received more than 350,000 public comments on possible Outer Continental Shelf resource development strategies during the 6-month comment period that expired Sept. 21, US Interior Secretary Ken Salazar said on Sept. 22. |
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Pacific Rubiales activates Colombia's ODL pipeline
Sep 17, 2009
Pacific Rubiales Energy Corp. announced the start of operations of the Oleoductos de Los Llanos (ODL) pipeline, which connects the Rubiales heavy oil field with the Oleoducto Central (Ocensa) pipeline for onward transmission to the Caribbean export terminal of Covenas. |
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