More Oil & Gas Reserves News

Encana sees N. America gas play efficiencies

Jul 22, 2010

Encana Corp. has only just begun to implement the gas factory approach in its North American resource plays and sees large operational and cost efficiencies in doing so, company management said on a July 21 conference call.

Reliance enters Eagle Ford venture with Pioneer, Newpek

Jul 5, 2010 A subsidiary of Reliance Industries Ltd. (RIL), Mumbai, has entered a joint venture with Pioneer Natural Resources Co., Dallas, and a partner in a $1.35 billion deal that will support the drilling of 356 horizontal wells/year in the Eagle Ford shale play of South Texas through 2013.

Cash flow analysis assesses China's CBM resource viability

Jul 5, 2010 A cash flow analysis determined that the coalbed methane resources in 42 major basins in China were 36% economic, 14% marginally economic, and 50% uneconomic to develop.

Encana, CNPC to speed BC gas developments

Jul 5, 2010 Encana Corp. and China National Petroleum Corp. signed a heads of agreement under which they would negotiate a joint venture to develop Encana's Northeast British Columbia gas plays

Resource tax moves onto onshore, NWS projects

Jul 2, 2010

Australia’s new Prime Minister Julia Gillard has dropped the Resources Super-Profits Tax for coal seam methane projects proposed by former PM Kevin Rudd and has instead extended the existing Petroleum Resource Rent Tax to cover all onshore oil and gas projects in the country as well as the offshore projects not already covered.

Study notes growth of Chinese NOCs

Jun 28, 2010 Aggressive asset purchases and mergers will push net overseas oil and gas production by China's three large national oil companies (NOCs) to a record 1 million boe/d this year, says a study by Wood Mackenzie.

Reliance enters Eagle Ford venture with Pioneer, Newpek

Jun 24, 2010

A subsidiary of Reliance Industries Ltd. (RIL), Mumbai, has entered a joint venture with Pioneer Natural Resources Co., Dallas, and a partner in a $1.35-billion deal that will support the drilling of 356 horizontal wells/year in the Eagle Ford shale play of South Texas through 2013.

Study notes global growth of Chinese NOCs

Jun 17, 2010

Aggressive asset purchases and mergers will push net overseas oil and gas production by China’s three large national oil companies (NOCs) to a record 1 million boe/d this year, says a study by Wood Mackenzie.

Vermilion tags Alberta liquids resource plays

Jun 3, 2010

Vermilion Energy Trust, Calgary, said drilling programs in Cretaceous Cardium light oil and gas-condensate resource plays in north-central Alberta will provide “organic production growth for the foreseeable future.”

Warnings on Aussie tax proposals dominate APPEA conference

May 26, 2010

The Australian Petroleum Production & Exploration Association (APPEA) conference in Brisbane this month was dominated by reaction to the Australian government’s recent proposal to impose a 40% resource super profits tax (RSPT) on the mining and onshore petroleum industries.

Hess, Toreador to tap Paris basin shale oil

May 11, 2010

Hess Corp., New York, and Toreador Resources Corp., Paris, will jointly tackle Toreador’s shale oil permits in France’s Paris basin.

Watching The World: Norwegians debate oil hunt

Apr 26, 2010 Controversy continues in Norway over oil and gas exploration off the Lofoten and Vesteralen islands.

Scottish utility to buy N. Sea gas interests

Apr 6, 2010

Scottish & Southern Energy PLC, a gas and electricity utility based in Perth, Scotland, has agreed to buy natural gas and pipeline interests in the central and southern UK North Sea from Hess Corp.

Sinopec launches Sichuan-Shanghai gas pipeline

Mar 30, 2010

China Petroleum & Chemical Corp. (Sinopec) said it has started transporting natural gas through the recently completed $9.4 billion Sichuan-Shanghai pipeline.

Saudi Arabia arrests al-Qaeda terrorists targeting oil installations

Mar 26, 2010

Saudi Arabia, continuing its long-standing efforts to protect the country’s oil facilities, announced the arrest of more than 100 suspected militants linked to the terrorist al-Qaeda organization.

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