Reliance Industries Limited (RIL) and its partners BP and NIKO announced a significant gas and condensate discovery in the KG D6 block off the eastern coast of India. The KGD6-MJ1 well was drilled in a water depth of 1,024 metres – and to a total depth of 4,509 metres – to explore the prospectivity of [...]
Statoil has acquired a 12% working interest in the Block 6 licence offshore Tanzania from operator Petrobras Tanzania Ltd. Block 6 covers 5,549 square kilometres in the Mafia basin offshore Tanzania, with a water depth of 1,800 metres. Block 6 is located approx.170 kilometres north of the Statoil-operated Block 2, where the company in 2012 [...]
Senate Energy and Natural Resources Committee Chairman Ron Wyden, D-Ore., encouraged industry leaders, environmentalists and members on both sides of the aisle to build on a commitment made today to work collaboratively to improve domestic production of natural gas, in the committee’s third roundtable discussion on natural gas issues. Industry representatives, including leaders from Exxon [...]
GAC Norway AS and Polar Logistics Group ApS (POLOG) have formed a strategic partnership to further strengthen GAC’s network within the Arctic Circle. The move is the latest stage in the company’s Arctic strategy to better serve the region by bringing together organisations and individuals to create a unified network of expertise, experience and local [...]
GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, announced that it has filed a shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission (SEC). The shelf registration statement, when declared effective by the SEC, will give GasLog the ability to offer and sell up to $500,000,000 [...]
May 24, 2013 | Posted in
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Shale gas is set to remain a largely regional resource over the next three years, with an uncertain global impact due to the increased technical challenges and higher development costs of the resource. The outlook is a key finding of Deloitte’s global Oil and Gas Reality Check 2013. Deloitte Australia Consulting Partner and National Oil [...]
May 24, 2013 | Posted in
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After several media reported that GAIL of India has stopped gas supply to Haryana City Gas Distribution, the company on Thursday denied the reports and revealed in a statement that it has not stopped supply of natural gas to HCGDL and is even currently supplying 0.025 MMSCMD of natural gas (RLNG) to HCGDL. The company [...]
InterOil Corporation and its joint venture partner, Pacific LNG Group, have entered into exclusive negotiations with ExxonMobil Papua New Guinea Ltd., a subsidiary of ExxonMobil, on the development of Petroleum Retention License 15 (PRL 15), which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed [...]
FLEX LNG said its cash balances at 31 March were $ 4.9m (2012: $11.6m) with $1.4m net out flow (2012: $3.2 m) in the quarter. In the three months in 2013 the operating cash out flow was $1.3m (principally the operating loss excluding non cash and working capital movements ). The loss before tax was [...]
Gas Natural Fenosa assumed presidency of the recently created Spanish Association for Natural Gas for Mobility (GASNAM). The aim of the new association is to foster the use of natural gas in mobility, both on land and at sea. More than 10 business groups have come together to create this association with the aim of [...]
