Petroleum Economist
More gas for Eni while Anadarko finishes appraisal
With only three wells drilled, Eni has raised its gas-in-place estimate for the Mamba complex in Area 4 to “at least” 1,133 billion cubic metres (cm)
ONGC and ConocoPhillips seal shale pact
Indian state-owned Oil and Natural Gas Corporation (ONGC) is forming an alliance with US supermajor ConocoPhillips in a bid to boost its shale gas capabilities ahead of India’s first shale-gas licensing round
Suitors defend blackball bid for China Gas
Chinese gas distributor ENN Energy and state-run oil company Sinopec are defending their joint takeover bid for China Gas as they seek to expand their grip on the domestic market
Tullow discovery lifts hopes for Kenyan onshore
An oil discovery in the remote northwest of Kenya, made by Tullow with its first well in the country, raises hopes for an oil boom to match that of neighbouring Uganda
East Mediterranean’s new play gets hotter
Israel’s burgeoning gas reserves could transform a region
Due diligence key in working around sanctions
The risks of unwittingly breaching sanctions against Iran have risen as the US and EU have tightened their restrictions targeting commerce with the Islamic Republic
New book describes oil's paradox of plenty
The oil curse is spreading to new petroleum producers. Derek Brower reviews a new book which explains why oil's grip remains so powerful and what can be done about it
Swift action on CBM needed to avoid NSW gas supply crisis
The Australian state of New South Wales faces a gas supply crunch within three years unless the government overcomes community concerns and approves a number of coalbed methane (CBM) projects, analysts claim
Global fracking standards eyed to win over sceptical public
Efforts to counter growing public fears over hydraulic fracturing (fracking) have started to focus on developing a set of global regulatory and operational best practices for shale gas exploration
Alberta election to redefine Canada’s oil ambitions
Alberta heads to the polls on 23 April in an election that will help define Canada’s aspirations to become a global energy power
ExxonMobil calls in Syncrude reinforcements
ExxonMobil is calling in high-level help to address systemic operating problems at Syncrude, Canada’s largest oil-sands mine
Alaska gas opts for huge LNG export plant
US North Slope natural gas producers have set aside differences and come to agreement on an Alaska pipeline. The problem is, the deal isn’t the one most were expecting, or even proposing, five years ago
YPF faces fresh Argentina assault
Renationalisation rumours cloud news of fresh Vaca Muerta find
Lukoil has ambitious plans for the next 10 years
Chief executive Vagit Alekperov tells Anthea Pitt, the firm wants to stake a claim in Russia’s deep-water play
Protests force OMV to shelve shale drilling plans
Protests over the use of hydraulic fracturing (fracking) have derailed, at least temporarily, OMV’s plans to explore for shale gas in southern Austria
Ukraine targets shale-gas production within decade (1)
Ukraine’s shale-gas tender could lead to billions of dollars of investment from major oil and gas companies and add as much as 13 billion cubic metres (cm) of gas production per year within the next 10 years, a senior government official has said
Push for new fracking disclosures in Europe (1)
ExxonMobil has called on the industry to establish a system of disclosure for the chemicals used in hydraulic fracturing (fracking) operations in Europe
Poland's shale is down, but not out amid challenges
The sheen on Poland’s shale gas sector has tarnished somewhat after a series of challenging wells and a major reserves reduction, but it is far too early to write the industry off
Licensing concerns for YPF as three provinces are stripped
Argentine rumour-mill gears up as three provinces strip firm of its licences
Colombian shale potential draws Vaca Muerta comparison
Shale acreage up for bidding in Colombia’s 2012 licensing round could be similar to the multi-billion barrel Vaca Muerta formation in Argentina, a top Colombian oil official has claimed
Shell and Hess team up with PetroChina
PetroChina is primed to form a joint venture with Shell and Hess to develop shale oil in the Santanghu basin in China’s north-western Xinjiang province
Canacol sees major interest in Colombian shale play
Canadian independent Canacol Energy has signed a $50 million unconventional exploration agreement with ExxonMobil in Colombia in the latest sign of growing interest in the South American country’s shale potential
Extreme HP/HT conditions bite back at Elgin
Total came close to disaster at its Elgin gasfield in the UK North Sea in late March when it lost control of a troublesome well, drilled at extreme HP/HT conditions
Pakistan confirms commitment to the TAPI pipeline
Delegates to the Asia Gas Partnership Summit in New Delhi broke into applause after Pakistan confirmed its commitment to the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline
India’s gas prices: Two systems, one country
There are two gas-pricing mechanisms in India: the Administered Pricing Mechanism (APM) and the regime included in the New Exploration Licensing Policy (Nelp)
Spill prevention is better than cure for deep-water operators
Two years on from the Macondo, safety technology is taking centre stage for deep-water operators
Pressure piles on North American gas producers
North American natural gas producers may face a summer of mergers, takeovers and asset sales as futures prices continue to plumb decade lows, potentially forcing a major realignment of the continent’s gas sector
UK shale showing signs of life
The UK’s nascent shale-gas sector is showing signs of turning around after grinding to a halt last year when Cuadrilla Resources was suspected of setting off a series of tremors while hydraulically fracturing (fracking) a well in northern England
Kinder Morgan moves ahead with oil-sands pipeline to Asia
Large scale oil-sands exports to Asia took a step forward after the Canadian subsidiary of US pipeline giant Kinder Morgan decided to move ahead with a major expansion to the country’s west coast
USGS 'debunks' fracking quake link
The US Geological Survey (USGS) has cast doubt on recent speculation linking the rise in earthquakes across the interior of the US to the increased use of hydraulic fracturing (fracking) in unconventional oil and gas exploration
Chesapeake closes funds gap with $2.6bn deals
Chesapeake Energy, the US’s second-largest natural-gas producer, has sealed a series of deals that will raise $2.6 billion as the company looks to bridge a funding gap that has been exacerbated by decade-low natural gas prices
Lukoil's ambitious plans face execution risk
Russia’s second-largest oil producer has high hopes for its future growth, but there are difficulties ahead
Linc Energy seals China UCG deal
Australian independent Linc Energy is primed to produce gas in China after finding a cornerstone investor and joint-venture partner for its underground coal gasification (UCG) technology
Bolivia’s gas conundrum as it celebrates six years nationalised
On May Day, it will be six years since President Evo Morales nationalised Bolivia’s gas sector. The anniversary offers Morales the opportunity to hail the success of his strategy in boosting production, but has it also sown the seeds of the sector’s long-term decline?
Japan’s bitter pill as two nuclear reactors to restart
The Japanese government has declared two reactors safe to restart. Now it must convince a traumatised Japanese public that nuclear remains the best route to recovery.
Indonesia turns to CBM in push for new production
Indonesia has handed out eight coalbed methane (CBM) licences as the country looks to ramp up gas production
China readies second shale licensing round
China will offer at least 20 shale-gas blocks as part of its much anticipated second licensing round, which is now expected to take place by this August. But lofty production targets seem short-sighted
Tap casts eye over Carnavon basin potential
Independent Tap Oil is expanding its Australian footprint with a deal focusing on shale oil and gas plays in the onshore Carnarvon basin
Majors line up for Ukraine shale licences
Ukraine’s unconventional gas sector is set to receive an influx of cash and technology as industry majors have put their bids in for two prospective shale-gas fields
Study recommends fracking safeguards
Regulators could almost eliminate the risk of shale gas exploration contaminating groundwater resources by barring companies from hydraulically fracturing (fracking) within 600 metres of aquifers, a new study from Durham University has said
Chinese refiners get some relief from price rise
China raised retail fuel prices in March by the most in almost three years in a move that will help refiners cut heavy losses but is unlikely to slow the country’s rapidly rising demand
UK Budget provides lift for oil producers
Budget policies look promising for oil and gas producers
America’s oil consumption has dropped 20% since 2005
It’s a mystery worthy of a detective novel: as US consumption patterns have changed, an estimated 4 million barrels a day of the country’s oil demand has simply vanished
Don’t believe the hype?
Excitement over Australia’s shale-gas prospects has allowed juniors operating in the emerging sector to make big gains last year. But whether the perceived opportunities deliver anything more than inflated stock prices remains to be seen