Oil and Gas Insight RSS Feed

Court Drops Shell Beaufort Sea Case (Americas Oil and Gas Insight)

Thu, 02 Jul 2009 00:00 GMT

A court case against Anglo-Dutch major Royal Dutch Shell's drilling plans in the Beaufort Sea has been dismissed by the ninth Circuit Court of Appeals.

Gasbridge Defers LNG Import Terminal Plans (Asia Pacific Oil and Gas Insight)

Thu, 02 Jul 2009 00:00 GMT

Plans to build New Zealand's first liquefied natural gas (LNG) import terminal have been put on hold by the project planners owing to rising domestic gas output.

Petrobras, YPF And Galp Take Offshore Blocks 3 And 4 (Americas Oil and Gas Insight)

Thu, 02 Jul 2009 00:00 GMT

Brazil's state-controlled Petrobras, YPF (the Argentine arm of Spanish major Repsol YPF) and Portugal's Galp Energia have been awarded blocks 3 and 4 in Uruguay's licensing round that was held on July 1 2009.

Slovenia And Hungary Plan Gas Interconnector (Emerging Europe Oil and Gas Insight)

Thu, 02 Jul 2009 00:00 GMT

Hungary and Slovenia are considering connecting their gas and electricity networks to improve security of supply, according to Gordon Bajnai and Borut Pahor, Hungary's and Slovenia's respective prime ministers.

YPF Attracts Renewed Interest (Western Europe Oil and Gas Insight)

Thu, 02 Jul 2009 00:00 GMT

Spanish oil major Repsol YPF announced on July 1 that it had received several offers from companies in China, India and Russia for a stake in its Argentine unit Yacimientos Petrolíferos Fiscales (YPF), although none was final, reported Upstream Online. The company's spokesperson, however, cautioned that no decision on 'selling YPF' had been made.

Eni Receives Goliat Go-Ahead (Western Europe Oil and Gas Insight)

Thu, 02 Jul 2009 00:00 GMT

Sanctioning an approval given by the Norwegian energy ministry in May 2009, the parliament has given Eni the go-ahead to use a floating production, storage, and offloading vessel (FPSO).

Technip Awarded Yinchuan LNG Contract (Asia Pacific Oil and Gas Insight)

Mon, 22 Jun 2009 00:00 GMT

China's Ningxia Hanas Natural Gas Company has awarded a contract to build a liquefied natural gas (LNG) import terminal in Yinchuan to France's Technip.

Tehran Claims Business As Usual With IOCs (Middle East & Africa Oil and Gas Insight)

Wed, 01 Jul 2009 00:00 GMT

The Iranian government is not expecting the current social unrest gripping the country to have an impact on its energy sector, a senior oil official announced on June 29. In our view the claim is overly optmistic.

Oil Auction Disappoints As IOCs Reject Baghdad's Tough Terms (Middle East & Africa Oil and Gas Insight)

Wed, 01 Jul 2009 00:00 GMT

Iraq's flagship oil bidding round, the country's first since Saddam Hussein's nationalisation of the energy industry in 1972, has largely failed as international oil companies (IOCs) shied away from the government's tough terms. Out of six oil and two gas fields on offer during the auction on June 30, only one, South Rumaila, was successfully granted to a foreign developer.

BG Makes Shale Move With Exco (Americas Oil and Gas Insight)

Tue, 30 Jun 2009 00:00 GMT

Mergers and acquisitions (M&A) activity in US unconventional shale gas assets shows no sign of abating, with Britain's BG Group announcing the acquisition of a 50% stake in Dallas-based Exco Resources.

China Surprises With Record Fuel Price Increase (Asia Pacific Oil and Gas Insight)

Tue, 30 Jun 2009 00:00 GMT

Beijing has unexpectedly increased domestic fuel prices, announcing on June 29 that gasoline and diesel prices would rise by nearly 9% and 10% respectively, according to the Financial Times (FT).

Petrobras Secures Cash To Fund Investment Plan (Americas Oil and Gas Insight)

Tue, 30 Jun 2009 00:00 GMT

Brazilian state-owned oil company Petróleo Brasileiro (Petrobras) has secured sufficient financing to cover its US$174.4bn medium-term investment plan.

Inpex Set To Begin Work On New LNG Terminal (Asia Pacific Oil and Gas Insight)

Tue, 30 Jun 2009 00:00 GMT

Japanese energy company Inpex announced on June 25 that it will begin constructing its first liquefied natural gas (LNG) terminal in July 2009. Falling domestic gas production is pushing Inpex to diversify supplies for its gas grid in the centre of the country.

Government Takes Over LNG Plant (Asia Pacific Oil and Gas Insight)

Tue, 30 Jun 2009 00:00 GMT

The Singaporean government has announced that it will take over the development and ownership of the city state's first liquefied natural gas (LNG) import terminal. S. Iswaran, the senior minister of state for trade and industry and education, made the announcement at a conference on June 30. The news illustrates the difficulties that the private sector is facing in financing major projects during the global economic downturn and shows that where strategic energy security objectives are concerned, government intervention may be necessary to ensure projects' timely progress.

Climate Bill To Face Tough Time In Senate (Americas Oil and Gas Insight)

Mon, 29 Jun 2009 00:00 GMT

The US House of Representatives voted 219 to 212 in favour of the 'American Clean Energy and Security Act' on June 26 in a hard won victory for one of President Barack Obama's key legislative policies.