Oil and Gas Insight RSS Feed

Three Consortia Enter Initial Construction Bids For Polskie LNG (Emerging Europe Oil and Gas Insight)

Tue, 09 Feb 2010 00:00 GMT

Three consortia that were short-listed in November 2009 to bid for the construction of Poland's first liquefied natural gas (LNG) terminal have now submitted initial offers to build the facility. The construction contract is valued at EUR600-700mn.

CNC Willing To Pay US$2.5bn For Ugandan Assets? (Middle East & Africa Oil and Gas Insight)

Mon, 08 Feb 2010 00:00 GMT

China National Offshore Oil Corporation (CNC)'s shares fell 1.7% to HKD11.40 (US$1.47) on February 8, according to Bloomberg, following reports that the company may acquire a share in Anglo-Irish independent Tullow Oil's Ugandan assets for US$2.5bn.

Srijagas And Gazprom Form Banatski Dvor Joint Venture (Emerging Europe Oil and Gas Insight)

Mon, 08 Feb 2010 00:00 GMT

State-owned gas companies Srbijagas of Serbia and Gazprom of Russia have signed a contract to establish a joint venture (JV) company that will develop the Banatski Dvor underground gas storage (UGS) facility.

Oil Minister Claims New Oil And Gas Discoveries (Middle East & Africa Oil and Gas Insight)

Mon, 08 Feb 2010 00:00 GMT

Iran has discovered a new oil and a new gas field, according to Iran's oil minister Massoud Mirkazemi, cited by Mehr News Agency.

Argentine Oil And Gas Production Has Fallen? (Americas Oil and Gas Insight)

Fri, 05 Feb 2010 00:00 GMT

Argentina's oil and gas production has fallen 4.3% and 3.7% to 622,949 barrels per day (b/d) and 48.41bn cubic metres (bcm) in 2009, respectively, year-on-year (y-o-y), according to the Argentine Energy Secretariat, cited by Dow Jones Newswires.

Eni Agrees To Sell Its Shares In TENP, TAG And Transitgas (Western Europe Oil and Gas Insight)

Fri, 05 Feb 2010 00:00 GMT

Italy's Eni has announced its willingness to divest its shares in three pipelines in order to end an antitrust investigation that the European Commission (EC) launched against the company in May 2007.

Kampala Favours Tullow's Bid? (Middle East & Africa Oil and Gas Insight)

Thu, 04 Feb 2010 00:00 GMT

Uganda's government is reportedly likely to approve Anglo-Irish independent Tullow Oil's bid to acquire Heritage Oil's 50% stakes in blocks 1 and 3A in Uganda.

Petrobras Inaugurates Brazil's Largest Gas Pipeline (Americas Oil and Gas Insight)

Thu, 04 Feb 2010 00:00 GMT

February 3 saw the inauguration of Brazil's largest gas pipeline, namely the Cabiúnas-Reduc III (Gasduc III) pipeline, which has the capacity to transport 40mn cubic metres per day (Mcm/d) or 14.6bn cubic metres (bcm) annually.

Abuja Plans Licensing Round For 2010 (Middle East & Africa Oil and Gas Insight)

Wed, 03 Feb 2010 00:00 GMT

Nigeria is planning to hold a licensing round for both on- and offshore fields in 2010, according to Emmanuel Egbogah, a special energy advisor to the country's president, quoted by Reuters.

Gazprom Announces 36% Fall In Net Profits (Emerging Europe Oil and Gas Insight)

Wed, 03 Feb 2010 00:00 GMT

Russian gas export monopoly Gazprom has announced a 36% drop in net profits from RUB751.7bn in the first nine months of 2008 to RUB479.3bn in 9M09.

CNPC Spuds Offshore Sudan Well (Middle East & Africa Oil and Gas Insight)

Tue, 02 Feb 2010 00:00 GMT

State-owned China National Petroleum Corporation (CNPC) has reportedly spudded its first offshore exploration well in Sudan, marking the company's first offshore well that is drilled outside China, according to the China Petroleum Daily cited by Reuters.

BPMigas Rejects Energy Sengkang's LNG Plans (Asia Pacific Oil and Gas Insight)

Tue, 02 Feb 2010 00:00 GMT

Indonesia's regulator BPMigas has rejected Energy Equity Epic Sengkang (Energy Sengkang)'s plan of development (POD) for a liquefied natural gas (LNG) terminal in South Sulawesi, according to the Jakarta Post.

Sofia And Ankara Strengthen Gas Ties (Emerging Europe Oil and Gas Insight)

Tue, 02 Feb 2010 00:00 GMT

Bulgaria and Turkey have signed a Memorandum of Understanding (MoU) to improve the gas infrastructure between the two countries. Sofia and Ankara have agreed to make existing gas pipeline flows reversible, build a new gas pipeline and for Bulgaria to join Turkey's liquefied natural gas (LNG) projects.

MEND Calls Off Ceasefire (Middle East & Africa Oil and Gas Insight)

Mon, 01 Feb 2010 00:00 GMT

Nigerian militant group the Movement for the Emancipation of the Niger Delta (MEND) has called off a unilateral ceasefire that has been in place since October 25 2009. The decision was announced in a January 29 email to journalists from MEND spokesperson Jomo Gbomo, who declared an 'all-out onslaught' against the installations and personnel of oil companies operating in the Niger Delta region.

Conoco and Origin Advance Australia Pacific LNG (Asia Pacific Oil and Gas Insight)

Fri, 29 Jan 2010 00:00 GMT

US major ConocoPhillips and its Australian partner Origin Energy have submitted an environmental impact statement for their liquefied natural gas (LNG) project in east-central Queensland, Origin stated in its quarterly earnings statement.