Sterling Resources Ltd. announced , in response to statements made yesterday by the Ministry of the Economy, Trade and Business Environment (MECMA) in Bucharest Romania, that the Company has reached agreement with the Government of Romania on a package of issues that will resolve the notice of dispute filed on June 20th, 2011. At a [...]
October 28, 2011 | Posted in
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China will extend a value-based tax on oil and natural gas sales to the entire nation starting next month to help conserve energy use in the… Reported by: Winnie Zhu, Jing Yang (Bloomberg) Source: Bloomberg, October 11, 2011;
The potential of gas reception would reach 300 million cubic meters per day from South Pars gas fields, managing director of the South Pars Gas Complex (SPGC), Ali Akbar Shabanpour announced. According to the report of the public relations of the National Iranian Gas Company (NIGC), the expected gas reception will become possible if gas [...]
Preliminary production figures for May 2011 indicate an average daily production of about 1 829 000 barrels of oil, NGL and condensate. This is a decrease of 266 000 barrels compared to April. Gas production was about 6.3 billion Sm3, which is a decrease of 1.1 billion Sm3 compared to the previous month. The [...]
Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for May 2011. Songa Venus achieved operating efficiency of 100% during the operational part of the month. The rig completed the program for Total E&P in Australia May 29 and is currently underway to Labuan, Malaysia and is actively marketed for work in the South East [...]
Against the back of recent developments in energy prices and their impact on prices stipulated in contracts for Brazilian natural gas, Petrobras has decided, at its own discretion, to the price of these contracts as of May 2011. This measure, based on studies carried out by the company’s commercial department, is designed to stimulate [...]
The partnerships in Draupne-, Hanz- and West Cable licenses have submitted an application for an environmental impact assessment for these discoveries. Draupne, with the smaller discoveries at Hanz and West Cable, is one of the major discoveries on the Norwegian shelf in recent years. The first oil from Draupne can be produced in 2015. The [...]
The Board of Royal Dutch Shell plc announces that Mr Wim Kok, Non-executive Director since 2003 and Chairman of the Corporate and Social Responsibility Committee and member of the Nomination and Succession Committee, has elected to retire from the Board at the 2011 Annual General Meeting scheduled to be held on May 17, 2011. Mr [...]
An inspection of Gorgon contractor Boskalis and their cranes and rigging equipment by the Gorgon Project manager Kellogg Joint Venture (KJV) has identified significant areas of concerns, MUA National Secretary Paddy Crumlin said today. Mr Crumlin said if the issues identified were not addressed then Gorgon Project manager KJV have said that they will have [...]
The average daily production in May 2010 was about 2 197 000 barrels of oil, NGL and condensate. This is 51 000 barrels less than in April 2010. Gas production was about 9.0 billion Sm3 (Sm3), which is 0.5 billion Sm3 more than in April. The liquid production in May was: 1 853 000 barrels [...]