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Sinopec and Exxon Reach PNG LNG Deal (Asia Pacific Oil and Gas Insight)

Wed, 04 Nov 2009 00:00 GMT

China's state-run Sinopec has agreed to buy 2mn tonnes per annum of liquefied natural gas (LNG) from the planned Papua New Guinea (PNG) LNG export terminal. The deal, which confirms earlier rumours, means operator ExxonMobil has booked 100% of the terminal's 6.3mn tpa capacity.

Zarubezhneft Clinches Cuban Blocks (Americas Oil and Gas Insight)

Wed, 04 Nov 2009 00:00 GMT

Russian state-owned oil company Zarubezhneft has signed exploration contracts for two onshore and two offshore Cuban blocks, Havana announced on November 3.

PdVSA Completes Refidomsa Negotiations (Americas Oil and Gas Insight)

Mon, 02 Nov 2009 00:00 GMT

The government of the Dominican Republic has completed negotiations on the sale of a 49% stake in the 34,000 barrel per day (b/d) Haina refinery to state-run Petróleos de Venezuela (PdVSA) and expects to finalise the deal by mid-November 2009.

OEOC Signs Oil Contracts With Lukoil And Petronas (Emerging Europe Oil and Gas Insight)

Mon, 02 Nov 2009 00:00 GMT

Iran's Oil Exploration Operations Company (OEOC) has signed two agreements, one with Russia's Lukoil and one with Malaysia's Petronas, to explore for oil in Uzbekistan, according to a report in the Tehran Times.

Exxon Reports 65% Drop In Net Income (Americas Oil and Gas Insight)

Mon, 02 Nov 2009 00:00 GMT

US major ExxonMobil has reported a 65% fall year-on-year (y-o-y) in net income to US$4.7bn in Q309. Revenues dropped from US$137.7bn in Q308 to US$82.3bn in Q309.

'Gas Master Plan' Delayed Until Early 2010 (Middle East & Africa Oil and Gas Insight)

Fri, 30 Oct 2009 00:00 GMT

Equatorial Guinea is in the process of reassessing its 'Gas Master Plan' as the country has 'more gas than we thought', according to the West African country's deputy minister of mines and energy Gabriel Obiang Lima, quoted by Reuters.

BP Gets Ready For Drilling Campaign (Middle East & Africa Oil and Gas Insight)

Fri, 30 Oct 2009 00:00 GMT

British major BP is planning to launch its Libyan exploration campaign in 2010, the director of the company's local unit told Reuters on October 29.

Serbia Hedges Its Gas Bets With Hungarian Supply Deal (Emerging Europe Oil and Gas Insight)

Fri, 30 Oct 2009 00:00 GMT

The Hungarian gas unit of German utility E.ON Ruhrgas has agreed to supply Serbian national gas company Srbijagas with 200mn cubic metres (Mcm) of gas from its newly-expanded Zsana gas storage facility.

Transneft Starts Delivering Oil To Kozmino Port (Emerging Europe Oil and Gas Insight)

Wed, 14 Oct 2009 00:00 GMT

Russian pipeline operator Transneft has dispatched the first oil cargo by rail that is destined for the new export terminal at Kozmino, near Vladivostok, according to a statement on the company's website. The cargo will be used to help start operations at Kozmino, which is the final destination for the second phase of the East Siberia-Pacific Ocean (ESPO) pipeline. The news follows a report by the Oil & Gas Journal (OGJ) that Transneft's oil terminal at Skovorodino, the end point of the first phase of the ESPO pipeline, will become operational on October 15.

BP Launches Savonette Field (Americas Oil and Gas Insight)

Thu, 29 Oct 2009 00:00 GMT

British major BP has started production at the Savonette gas field off the coast of Trinidad. The field is expected to produce 6.2bn cubic metres (bcm) of gas per annum plus an unspecified amount of condensate.

Gazprom To Start Sakhalin-III Kirinsky Field Early (Emerging Europe Oil and Gas Insight)

Mon, 19 Oct 2009 00:00 GMT

Russian gas export monopoly

ESPO Offshoot To China Scheduled For Completion In 2010 (Asia Pacific Oil and Gas Insight)

Thu, 29 Oct 2009 00:00 GMT

Russian oil pipeline monopoly Transneft has announced that it has completed the construction of a 64km oil pipeline offshoot that extends the East Siberia-Pacific Ocean (ESPO) pipeline from Skovorodino to the Amur River, which forms the border with China.

Turkey Receives South Pars Deadline Extension (Middle East & Africa Oil and Gas Insight)

Thu, 29 Oct 2009 00:00 GMT

Iran has given state-run Turkish Petroleum Corporation (TPAO) until February 2010 to finalise its investment plan for Phases 6 and 7 of the giant South Pars gas project.

Baghdad Awards Zubair Contract, Continues Discussing West Qurna I (Middle East & Africa Oil and Gas Insight)

Wed, 14 Oct 2009 00:00 GMT

Iraq has signed an agreement with a consortium led by Italy's Eni to develop the Zubair field. Following the disappointing outcome of Iraq's first licensing round, which was held in June and resulted in just one contract award, some of the foreign companies that had entered unsuccessful bids have since resubmitted bids for the remaining fields.

Regulator Outlines New Bidding Round (Americas Oil and Gas Insight)

Thu, 29 Oct 2009 00:00 GMT

Brazil plans to launch its 11th hydrocarbons licensing round in April or May 2010, according to Nelson Narciso, the director of the national upstream regulator Agência Nacional do Petróleo (ANP). The round will offer both onshore and offshore areas but will not include subsalt blocks, as the framework governing their development is yet to be finalised.