Sunday, December 9, 2018

Gas Reserves News

Equinor to Start Talks With Tanzania Over LNG project

(Photo: Paul Joynson-Hicks/AP/Equinor)

Norway's Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday.Tanzanian President John Magufuli has asked his government to proceed with nego

Eni in Talks to Grow Presence in the Gulf

Italian major Eni is in talks to grow its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Gulf and offset its reliance on Africa, a source close to the…

U.S. Crude, Natgas Proved Reserves Hit Record Highs in 2017 -EIA

© Nikolay Zaburdaev / Adobe Stock

U.S. crude oil and natural gas proved reserves rose to record highs in 2017, driven by stronger energy prices and the continuing development of shale formations, the U.S. Energy Information Administration…

Aquaterra to Install Two Platforms for FIRST E&P in Nigeria

Image: Aquaterra Energy

Global offshore engineering solutions provider Aquaterra Energy in conjunction with Maerlin Nigeria Ltd, its local partner, has been awarded a contract by FIRST Exploration and Petroleum Development Company Ltd (FIRST E&P) to design…

Petronas Q3 Profit Jumps 43%

© wanfahmy / Adobe Stock

Malaysian state-owned energy firm Petroliam Nasional Berhad, or Petronas, on Tuesday said it will increase its dividend payout to the government after its third-quarter net profit jumped on higher revenue…

Petronas Sets Up Team for Renewables Push

© bphoto / Adobe Stock

Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday.Petronas…

Wintershall Gains 10% Stake in Ghasha Gas Project

(Photo: ADNOC)

The United Arab Emirates has awarded Wintershall Holding a 10 percent stake in the Ghasha ultra-sour gas mega project, the Abu Dhabi National Oil Co.

CNPC Replacing Total in South Pars Gas Project

China’s state-owned CNPC has replaced France’s Total in Iran's multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on Sunday."China's…

Gazprom to Review Shale Gas and LNG Sectors

Sakhalin II LNG plant. Photo: Gazprom

Russian energy giant Gazprom revealed that there is still a high level of uncertainty in the long-term forecasts for U.S. shale gas production. It also said that the number of LNG-consuming countries would…

Philippine Senators Ask Duterte to Disclose China Energy Plan

© hassry4088 / Adobe Stock

Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial claims that are…

MENA Region to Lead Global Oil and Gas for Decades to Come: DNV GL

(L-R) Ben Oudman, Regional Manager, Central Europe, Middle East and India, DNV GL - Oil & Gas and Jan Zschommler, Manager, Middle East, DNV GL - Oil & Gas. Pics: DNV GL

The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to DNV GL’s 2018 Energy Transition Outlook, an…

Total Wins 40% Stake in Unconventional Gas Concession

Photo: Abu Dhabi National Oil Company

Abu Dhabi National Oil Company (Adnoc) has awarded a 40 per cent stake in the Ruwais Diyab gas concession to French energy major Total.Adnoc group, for which the award is an important milestone to reach the…

UK: Enough Oil and Gas Reserves for the Next 20 Years

Image: Equinor

The UK has enough oil reserves to sustain production for the next 20 years and beyond, new figures indicate.A report published by the UK Government suggests that the overall remaining recoverable reserves…

UK Petroleum Reserves Could Sustain Production for 20 Years

© Lukasz Z / Adobe Stock

The U.K.’s oil and gas reserves remain at a level which could sustain production for at least the next 20 years and beyond if additional undeveloped resources can be matured, according to the U.K. Oil and…

Turkey Says Other Countries Cannot Drill In Its Waters

President Tayyip Erdogan deliveres a speech on November 4 (Photo: Office of President Tayyip Erdogan)

Turkey will not allow the exploitation of gas reserves in Turkish and north Cypriot waters of the eastern Mediterranean, President Tayyip Erdogan said on Sunday.The eastern Mediterranean is believed to be rich in natural gas…

Total, Sonatrach Strengthen Cooperation in Natural Gas

Map: Total

French energy group Total and Algerian state-owned firm Sonatrach have signed new agreements, including a contract to develop the Erg Issouane gas field and plans to create a joint venture.The new concession…

African Energy: Senegal Leads Local Content Drive

Photo: Centurion Law Group

Senegal is determined to become the new front runner of Africa’s local content development. This is the conclusion of a local content forum held in Dakar on Thursday, organized by Les Conférences du Quotidien…

Excelerate, TGS Join for Argentina LNG Export Study

Image: Excelerate Energy

Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an LNG liquefaction and export project at Bahia Blanca in Argentina.Argentina currently…

DNV GL sees oil demand peaking in 2023

(Photo: Eric Haun)

Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with cars fuelled by petrol and diesel, and after 2040 no new oil developments will likely be needed, quality assurance and…

Centrica Wins Contract to Process Gas from Tolmount Field

Centrica Storage Limited has been awarded a 120 million pound ($153 million) contract to process gas from the Tolmount field in the North Sea, which will help extend the life of its gas terminal in Yorkshire until at least 2030…