Oil & gas news

Statoil has confirmed the discovery of 3 trillion ft3 of gas in its Lavani exploration well in the Block 2 license area offshore Tanzania.

Earlier this week France announced that it would be suspending drilling permits for offshore exploration in French Guyana, citing worries over the provisions made for marine life and consultation with the local population.

The world’s newest state could soon see the construction of a new oil pipeline that would cut its dependence on its northern neighbour.

Dart energy has announced that it is carrying out early commercialisation work on its Liuling coal seam gas project in China and expects to start initial gas sales in the first half of 2013.

Output from the US state of North Dakota has hit a new record high and the region looks set to become the next major US energy hub.

Edinburgh-based Cairn Energy has made a bid for Nautical Petroleum in order to expand the company’s presence in the North Sea.

BP has announced that it has begun the initial start-up of the Galapagos development in the deepwater U.S. Gulf of Mexico, one of a series of new major upstream projects that the company expects to bring into production this year.

Estimated gross tonnes in situ increase by 429% to 8.0 billion t from 1.5 billion t in the Greater Soutpansberg area.

Natural gas production from shale, coal bed methane and tight sands is expected to generate significant job creation, economic growth, and revenue for federal, state and local treasuries throughout the U.S. in gas "producing" and "non-producing" states alike, according to a new IHS Global Insight study.

Five bombs are reported to have exploded at an oilfield in Northern Iraq on Saturday; two pipelines were damaged but the country’s oil exports have not been affected.