BP has a portfolio of 45 major upstream projects that it wants to focus on to 2020, company CEO Bob Dudley said Thursday, following the company's unprecedented $38 billion asset sell-off program in the wake of the Macondo oil spill in 2010. ...
Tags: BP, CEO Dudley
Shell Chemicals is more than likely to re-enter the polyethylene market with its new proposed petrochemical complex in Pennsylvania, but it would not be a core business for the company, Executive Vice President of Shell Chemicals Graham ...
Tags: Shell, polyethylene market, Shell Chemicals
Italy's Eni will spend a total of $1.445 billion to develop the Jangkrik North East offshore gas field in Indonesia's Muara Bakau block in the Makassar Strait, the head of Indonesia's upstream regulator SKK Migas said Friday. The ...
A major pipeline project that will transport natural gas from Nigeria to Europe through Algeria remains on track, Nigeria's state news agency reported Friday, citing Nigerian National Petroleum Corp. The report comes amid concerns ...
Tags: pipeline project, natural gas, Nigerian National Petroleum Corp
International developer EPGI has announced that they have been awarded the development management contract to develop and build the new Basra Oil and Gas International Free Zone in Iraq. The project is the second largest of its kind in ...
Tags: EPGI, Oil, Gas Project
China's dependence on foreign crude oil and refined oil products is set to increase, but the government has placed a cap at 61% of total requirements for the end of the current five-year economic plan in 2015, according to a new government ...
Tags: China, crude oil, refined oil products, energy development
Natural Resource Partners L.P. reported that it has acquired (1) a 48.51% general partner interest in OCI Wyoming L.P. and (2) 20% of the common shares and all of the preferred shares of OCI Wyoming Co. from subsidiaries of Anadarko ...
In 2011, the United States became the world’s largest producer of natural gas, growing by 7.7% between 2010 and 2011. That represented the largest volumetric increase in the world, according to BP’s Statistical Review of World ...
Tags: natural gas, Natural Resource, gas industry
A key Democratic senator on Thursday reiterated his concerns that a study commissioned by the US Department of Energy on LNG exports is "seriously flawed" and should not be used by the agency to grant permits to companies wishing to ship ...
THE Sinopec Group, the world's fifth largest oil company said that it will jointly study shale gas development with ConocoPhilips in southwest China's Sichuan Basin over the next two years. A statement from Sinopec said the Sinopec ...
Tags: THE Sinopec Group, oil industry, shale gas, ConocoPhilips
Exoma Energy has been forced into a rethink after a subsidiary of Chinese state-owned offshore company CNOOC failed to receive Beijing's approval for a planned subscription to a parcel of shares in the Australian coalseam gas junior. ...
Tags: Exoma Energy, CNOOC, gas, gas industry
Tehran Times cited Mr Javad Oaji deputy Oil minister of Ira as saying that Tehran and Baghdad are set to finalize a deal on gas exports from the Islamic Republic to Iraq in the near future. Mr Oaji,who is also the MD of the National ...
Tags: Iran and Iraq, Gas Export, Oil minister
Gulf News reported that cross border collaboration could help the Arab world maximise its gains from energy resources that could be piped and distributed across the region through a regional energy grid as a large number of opportunities ...
Tags: energy, energy resources, regional energy grid, energy sector
The Saudi Gazette reported that UAE energy giant TAQA's billion dollar vote of confidence in Scottish oil and gas has been further strengthened by a new report which says some USD 70 billion of investment in the sector is expected by 2016. ...
Tags: UAE energy giant, TAQA, oil, gas
Mr Asif Ali Zardari President of Pakistan is scheduled to visit Iran in the near future to sign a contract on Tehran’s investment in a pipeline project which is due to take Iran’s rich gas reserves to energy hungry Pakistan. ...
Tags: Iran, Tehran, pipeline project, gas reserve