Exploration

The American Petroleum Institute has said that more domestic oil and natural gas is needed for jobs and revenue.

Halliburton Co, and Petronas have teamed up to explore possible shale resources in the Asia Pacific region.

Abu Dhabi National Energy Co. (TAQA) has announced plans to boost Capex for 2012 to US$ 2 – 2.2 billion.

The Chinese giant CNOOC is one of the latest companies to show interest in oil and gas exploration offshore Cyprus.

KPC and Total have signed an MOU regarding their joint Zhanjiang project in China.

Odfjell Offshore plans to raise US$ 500 million for fleet development.

Anadarko Petroleum has announced that it has struck oil at its Caesar-Tonga development in the Gulf of Mexico.

Anadarko Petroleum has discovered gas reserves of between 90 million and 100 million ft3/d

The Brazilian state giant Petrobras confirms that it has struck oil at Nordest de Tupi.

ExxonMobil and GE have publicly announced their support for a new university initiative designed to help bring latest LNG best practices to shale development.

Hydratight has launched an updated emergency pipeline repair system to offer better disaster planning and contingency services to operators and contractors.

Seadrill has placed a US$ 1.2 billion drillship order with Samsung Heavy Industries.

Statoil has made a huge gas discovery in the Block 2 license offshore Tanzania in the Zafarani exploration well, logging results show that reserves may be as high as 5 trillion cubic feet.

Austin Exploration Ltd has resolved to raise up to approximately $20 million to fund a new drilling campaign in the Eagleford and Niobarra shale areas. The company plans to raise the funds through a share placement and a shareholder share purchase plan.

The American Petroleum Institute has called the President’s approach to energy security a Jekyll and Hyde approach and says it hurts consumers.