Exploration

Despite the risks, Russian oil is once more where the action is for Western firms, with a spate of high-profile deals inked in the first quarter of 2011.

The US oil and natural gas industry is working to help address the nation’s economic challenges according to the API.

Contango Oil & Gas Company announced today that it has committed to invest up to US$ 20 million over the next two years, in a joint venture that will acquire, operate, explore, and develop onshore unconventional shale operated and non-operated oil and natural gas assets.

The Kashagan oilfield is projected to be the second largest in the world after Saudi Arabia’s Ghawwar field; production in the country could reach dizzying heights when the field is properly tapped.

UK energy minister Chris Huhne comments on global oil prices during Saudi visit.

The American Petroleum Institute praises the president’s focus on natural gas as a source of clean, abundant fuel.

GE Energy has entered into an agreement to acquire approximately 90% of Converteam, a leading provider of electrification and automation equipment and systems.

The potential for Iraq to achieve its ambitious oil targets is huge, but only if the politics and infrastructure are right.

Africa continues to offer a wealth of opportunities for the energy supply chain.

In the aftermath of the Japanese earthquake and resulting tsunami, amid fears of a radiological disaster, commentators worldwide are postulating one question: is this the end of nuclear power? Alisa Murphy, CEO, B9 Coal, UK, argues they ought to be discussing the wider energy mix.

Angelos Damaskos comments on how the energy industry will be impacted by the Japan earthquake, Middle Eastern unrest and continuing Eurozone problems.

Marine Well Containment Company (MWCC) has awarded Weatherford a contract for the design and construction of the topsides process modules for two dynamically positioned tankers to operate in the US Gulf of Mexico.

Significant cuts are planned in refining and marketing, while investing heavily in new projects to increase production.

A letter from Chris Huhne and EU Environment Ministers to the Guardian newspaper on 30% EU emissions cuts.

Chevron has appealed the Ecuadorean court judgment, which found it liable for environmental damage to the tune of US$ 8.6 billion.