Exploration

Lundin Petroleum has announced that it has struck approximately 60 m of gas pay offshore Malaysia.

BP Trinidad & Tobago (bpTT) has discovered an estimated 1 trillion cubic feet of gas offshore Trinidad, doubling the estimated gas in place of the Savonette gas field, to 2 trillion cubic feet.

The IEA unveils two scenarios, laden with predictions for the likely future of global energy supply and demand up to 2035, with a special focus on energy efficiency.

An American Petroleum Institute poll shows that 73% of voters favour more oil and natural gas development.

Employees from leading B2B magazine publisher Palladian Publications Ltd took part in a 10 km off-road race to raise money for a local hospice.

Fluor has signed an enterprise framework agreement with Shell for downstream projects in Europe, Africa and the Middle East.

BG Group shocked markets and took a 17% hit to its share price when it announced that the company would see no production growth in 2013.

In a recent survey conducted by Reuters, analysts were asked to predict the likely price of crude oil by the end of the decade.

Canadian company Tag Oil has made a US$ 534 million bid for New Zealand’s Greymouth Petroleum.

Somaliland’s mining and energy minister has claimed that the internationally unrecognised state could see companies drilling for oil within its borders by 2014.

Tanzania and the semi-autonomous island of Zanzibar have reached a deal on the future sharing of hydrocarbon reserves after arguments resulted in exploration projects being delayed.

Russian giant, Gazprom has pledged to invest US$ 38 billion in the development of the eastern Chayanda gasfield and a pipeline to Vladivostok.

A lack of spare capacity in manpower and materiel could raise serious safety concerns for the Norwegian oil and gas sector.

The UK’s 27th O&G licensing round has been deemed a success after 167 licenses covering operations in more than 330 blocks were awarded to oil and gas companies.

Chevron has confirmed that it has discovered 67 m of net gas pay in the Satyr-4 exploration well, potentially providing more resources for the Gorgon LNG project.