Amid growing demand for natural gas, China's top economic planner has called for an increase in imports and stronger cooperation with Central Asian countries to ensure a stable supply in the coming winter. The National Development and ...
Tags: Gas Imports, natural gas
Chinese state-owned PetroChina expects shale gas to ultimately account for about 20% of its total gas production and is now progressing plans to accelerate its domestic resources. Speaking at a press conference to discuss its interim ...
Tags: PetroChina, Gas Output
Net profit at China National Offshore Oil Corp. (CNOOC) rose 7.9 percent in the first half of 2013, the company said Tuesday. Net profit hit 34.4 billion yuan (5.6 billion U.S. dollars) in the first half and sales revenue grew 15.8 ...
Tags: Offshore Oil, Oil, Metallurgy, Mineral, Energy
Total investment in Britain's' oil and gas industry is expected to reach 13.5 billion pounds (about 21 billion US dollars) this year, hitting an all-time high, said the industry group Oil & Gas UK in its annual economic report issued on ...
Tags: Oil, Gas, Metallurgy, Mineral, Energy
EOG Resources is reaping such high volumes of liquids from key US resource plays that it has raised its 2013 year-over-year production growth target for oil and condensate to 35% from 28%, its executive chairman said Wednesday. At the ...
China's state-owned offshore monopoly producer China National Offshore Oil Corp says it supports the Chinese government's position over Japan's recent protests about Chinese drilling activity in the East China Sea. "We do not understand ...
Tags: Drilling Rig, monopoly producer
China and other countries need to allow more open access and competition for their shale gas industries if they want to duplicate North America's success in exploiting the resource, a senior official at BP Plc said. "It did happen in the ...
Natural gas production in the Lower-48 US states rose to 73.24 Bcf/d in April, up 0.8%, or 570,000 Mcf/d, from March, the Energy Information Administration said Friday in its monthly gross production report. April output was up from a ...
Tags: Natural Gas Output, Chemicals
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
Kuwait will increase its oil production capacity to about 3.6 million b/d by 2022, according to a study by the emirate's Diplomatic Center for Strategic Studies (DCSS). The official KUNA news agency reported Wednesday that the study said ...
Tags: Oil, Metallurgy, Mineral, Energy
Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...
Tags: Saudi Aramco, Crude Output
Santos has begun work to restore gas production at the Longtom field off the southeastern Australian state of Victoria, Longtom owner Nexus Energy said in a statement Tuesday. Nexus owns 100% of Longtom, in Victoria's Gippsland Basin, but ...
Tags: Gas Output, Gas
Iran is re-appraising an offshore oil field that India's Oil and Natural Gas Corporation (ONGC) had abandoned as commercially non-viable, the semi-official Mehr news agency reported Wednesday. "The project is at the stage of processing ...
Pakistan's highest decision making body -- the Economic Coordination Committee -- has failed to take a decision on the award of a multi-billion dollar contract to import 400,000 Mcf/day of LNG over 15 years and has left the matter to the ...
Tags: LNG, Petroleum, Natural Resources
Natural gas output in the US Lower 48 states fell 1.1%, or 830,000 Mcf/d, in December compared with November, the US Energy Information Administration said Thursday in its monthly gas gross production report. Total US Lower 48 gas ...
Tags: natural gas, US, Natural Gas Production