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Exploration

 

ConocoPhillips reaches settlement over Bohai Bay incident

ConocoPhillips and the China National Offshore Oil Corp. (CNOOC) have reached an agreement with China's Ministry of Agriculture to resolve issues related to the June 2011 incidents at the Peng Lai 19-3 field in Bohai Bay.

 

The need for policy changes

Energy Information Administration energy projections show need for policy changes, according to the American Petroleum Institute.

 
 
 
 
 

Norwegian licensing round breaks records

Norway’s 22nd round of licensing sees three of the four nominated blocks located in the Barents leading to high levels of exploration interest.

 

Production Boost for Lundin

The Swedish company, Lundin Petroleum, has stated that its production figures would come in near the top end of its forecast for the coming year.

 

Petroleum demand in 2011

The American Petroleum Institute have released information showing that petroleum demand was down in 2011.

 
 
 
 

2012 Oil & Gas Industry Perspective

Thoughts on how oil and gas companies can adapt to, and profit from, the uncertain environment they face in the coming year.