Petrobras announces an oil discovery in the Balay exploration block, in Colombia, operated by its subsidiary Petrobras Colombia Limited which holds a 45% working interest. The discovery was made through the drilling of the Balay-1 wild cat well, located onshore, in the Llanos Basin, within the province of Casanare.
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China Natural Gas, Inc., a leading provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi’an, China, today announced its financial results for the fourth quarter and full fiscal year ended December 31, 2009. Read more…
Petrobras, in response to written notice received from Securities and Exchange Commission of Brazil CVM, GEA-2/N 120/2010, wishes to clarify the news published today in the Brazilian Press, titled Petrobras declares a new discovery in the Santos Basin pre-salt layer. The Company confirms that it notified the ANP (National Agency for Oil, Natural Gas and Biofuels) about the presence of hydrocarbons in the well 1-BRSA-594-SPS, located in the northern part of the BM-S-9 area, developed under the Guará Evaluation Plan. Read more…
A stronger commitment to gas as a source of energy is the fastest, easiest way to reduce global greenhouse gas emissions. This was the clear message delivered by chief executive Helge Lund at the CERAWeek conference in Houston in the U.S. on 10 March.
Read more…VAALCO Energy, Inc. is pleased to announce that the contracted rig “Sapphire Driller” is on location at the Ebouri Platform offshore Gabon and will commence drilling the first of four wells today, March 10, 2010. Read more…
Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its results for the year ended 31 December 2009. Read more…
Oil and gas industry professionals in Asia Pacific lead the industry in the use of social media and collaboration tools at work, reports recent Microsoft Corp. and Accenture survey findings unveiled at CERAWeek 2010, with three out of four respondents from that region saying social media tools improve their work performance. Read more…
EDF Energy is today announcing (10 March) a further cut in its residential gas prices of 4 per cent. The price reduction will be effective from 26 March 2010. We are the only major supplier to implement two gas price reductions in the last six months. Read more…
Jurong Shipyard Pte Ltd, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$130 million contract Read more…