company

Australian explorer Karoon Gas on Friday scrapped plans to hive off its South American assets in a Reais 1.31 billion ($760 million) initial public offering in Brazil citing "unfavorable market conditions." "Recent capital raisings by Brazilian oil and gas companies have not ...
UK gas and power supplier Scottish and Southern Energy has agreed to buy a 5% stake in Faroe Petroleum as it looks to build a portfolio of upstream gas production, the companies said Friday. SSE has agreed to buy the shares in London-listed Faroe as part of the exploration ...
Bidding for a long-awaited natural gas pipeline stretching from Iranian gas fields to Pakistan will open soon, the Pakistani prime minister said. Islamabad signed an agreement with Iran in June to move ahead with a gas pipeline stretching from the South Pars gas field in Iran. ...
p>Advent Energy has received approval to drill New Seaclem-1, the first well planned for the frontier Sydney Basin off the eastern Australian state of New South Wales, the company said Monday. The wildcat gas well is to be drilled to a depth of 826 meters in commonwealth waters, ...
Scientists from Royal Holloway, University of London and The Spanish Research Council have revealed a new model that explains what happens as the continents thin as well as helping to more accurately predict the location of hydrocarbons such as oil and gas. The scientists offer a ...
Developments in breaking an eight-month impasse in Baghdad could open to door to oil exports from the northern Kurdish region, a Norwegian oil company said. Iraqi political leaders reached a power-sharing agreement late Wednesday that gives incumbent Prime Minister Nouri al...
p>Australian oil and gas producer AWE said Tuesday it had found a potentially commercial shale gas resource in the Perth Basin in the state of Western Australia. "In AWE's view, the strong commercial drivers apparent in the Perth Basin could allow this shale gas opportunity to ...
p>Indian upstream player ONGC Videsh expects to conclude an agreement soon in Kazakhstan for an exploration block in the Caspian Sea and has not yet decided whether to pull out of Iran's South Pars project because of the threat of US sanctions, exploration director Joeman Thomas ...
p>PetroChina, China's largest oil and gas supplier, said early this week it has started production from two large gas fields in the Tarim Basin in the Xinjiang Uygur autonomous region, raising the basin's gas output by 8%. Production from the Dabei block of the Kela gas field and ...
Raymond James Oil and Gas Analyst Luc Mageau believes that with relative near-term stability in oil and gas prices, making money in the exploration and production (E&P) space is all about picking the right companies. He covers mostly small players north of the border, especially ...
p>India's ONGC Videsh Limited has not been given any time limit in which to decide on South Pars, OVL Managing Director R.S. Butola said Monday on the sidelines of Petrotech 2010 in New Delhi. He was replying to questions on media reports that Iran had given the ONGC-Hinduja ...
p>Nigeria is dealing with the issue of security in the country in a bid to increase oil production capacity to 4 million b/d by 2012 and ensure economic growth, Emmanuel Egbogah, the adviser to the president on petroleum matters, told Platts Monday on the sidelines of the ...
p>Pakistan has halved the tax on oil marketing companies, refineries and gas units effective July 1, 2010, to improve financial health of companies hit by non-payment of bills by state-run companies and power units, a government official said Tuesday. "The tax on turnover has ...
p>Drilling activity for oil and gas in Canada is expected to increase 8% from 2010 to 2011, according to a petroleum association's annual forecast released Monday. The Petroleum Services Association of Canada expects 12,250 oil and gas wells to be drilled in 2011, up from the 11...
p>The UK is comfortable that its environmental safety standards covering offshore drilling are already among the highest in the world, and set a benchmark towards which other countries are moving, energy minister Charles Hendry said Tuesday. "We do believe we have one of the most ...
Asia s third largest economy, India s oil demand is likely to grow by 40 percent in the next decade, said country s Prime Minister. Inaugurating Petrotech-2010 oil and gas conference here, Dr Manmohan Singh stressed on securing energy supplies at affordable prices to meet ...
p>The UK has awarded 144 exploration licenses 83 companies in its 26th offshore licensing round, the UK's Department of Energy and Climate Change said Wednesday. The number of licenses awarded, which cover 268 blocks, is down from 192 in the previous 2008 round when 100 companies ...
p>The UK's Faroe Petroleum has agreed to acquire an 18% interest in the producing Blane oil field in the North Sea from Italy's Eni for GBP60 million ($95 million) and to give Eni 20% stakes in three exploration blocks, Faroe said Tuesday. Blane, where output started in September ...
p>European gas prices will remain linked to oil prices in the future through long-term gas sales contracts indexed to the oil market, the chairman of the board of directors of German company Wingas said. Gerhard Konig, speaking in an interview in Gazprom Export's newsletter sent ...
p>Sri Lanka's Ceylon Petroleum Corporation, or Ceypetco, is likely to cancel its term gasoil contract with UAE-based Al-Ain International Petroleum Derivatives, a source close to the matter said late Monday. "Nothing official has been announced," said the source, but added that ...
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China offers inspirations to global dilemmas
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