News Archive for Oil and Gas News

Max Petroleum Plc announces discovery at Eskene North

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ESKN-1 exploration well in the Eskene North prospect has reached a depth of 1,507 metres with electric logs indicating 20 metres of net pay over an 90 metre gross interval in the Triassic Formation at measured depths between 1,272 and 1,362 metres. Reservoir quality is fair with porosities ranging from 15% to 20%. Read more…

Pars Oil & Gas Company announces Iran outnumbers Qatar in joint South Pars gas field’s drilling rigs

Iran has outnumbered Qatar in joint South Pars gas field’s drilling rigs, the managing director of Pars Oil and Gas Company said on Monday. Read more…

Pars Oil & Gas Company announces Iran exports $1.3bn goods from South Pars

Despite international sanctions, Iran has exported 1.578 million tons of goods worth USD1.3 billion from Pars Special Economic Energy Zone (PSEEZ) during the month ending December 20, 2012. Read more…

Pars Oil & Gas Company announces president inaugurates two projects in Asalouyeh

Two petrochemical projects were officially inaugurated today morning in Assaluyeh in the presence of Iranian president Mahmoud Ahmadinejad, Iranian minister of petroleum, Rostam Qasemi and a number of lawmakers. Read more…

Two new projects of CNOOC Limited started production successfully

HONG KONG, Dec. 28, 2012 /PRNewswire/ – CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883) today announced that Panyu 4-2/5-1 oil field adjustment project and Liuhua 4-1 oil field located in the Pearl River Mouth Basin of South China Sea, successfully commenced production. Read more…

Aker Solutions wins Gullfaks South contract

Aker Solutions has been awarded a topside modification contract by Statoil to increase oil recovery at Gullfaks South. Estimated contract value is NOK 180 million. Read more…

Caza Oil & Gas announces initial production Forehand Ranch Bone Spring test well

Caza Oil & Gas, Inc. (“Caza” or the “Company”) (TSX:CAZ)(AIM:CAZA) is pleased to provide a production update for the Company’s Forehand Ranch 27 State Com No. 1H horizontal Bone Spring well on its Forehand Ranch Prospect in Eddy County, New Mexico. Read more…

Bridge Energy ASA announces Victoria field recommences production

Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company (OSE: BRIDGE/ AIM: BRDG.L) confirms that, further to the announcement dated 20th December 2012 regarding the Victoria field shut-in, the gas export infrastructure system used by the Victoria field is now available and fully operational. Read more…

Adira Energy granted extension of drill contract on its Yitzhak license, offshore Israel

TORONTO, Dec. 27, 2012 /CNW/ – ADIRA ENERGY LTD. (TSXV: ADL) (OTCBB: ADENF) (FRANKFURT: AORLB8).  Adira Energy Ltd. (“Adira” or the “Company”) is pleased to announce that the Ministry of Energy and Water of the State of Israel (the “Ministry”) has granted an extension of the date for the execution of a drilling contract of the first well on the Yitzhak offshore license from December 31, 2012 to June 30, 2013. Read more…

BPZ Energy closes block Z-1 transaction

BPZ Energy (NYSE:BPZ) (BVL:BPZ), an independent oil and gas exploration and production company, announced that on December 26, 2012, it closed its contractual arrangements for the sale of a 49% participating interest (“closing”) in offshore Block Z-1 to Pacific Rubiales Energy Corp. (TSX:PRE) (BVC:PREC) (BOVESPA:PREB). Read more…

Oando Energy Resources resumes production from the Ebendo Field

CALGARY, Alberta, December 27, 2012 /PRNewswire/ –Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil exploration and production in Nigeria, today announced an update regarding the damaged 10 inch Kwale-Akri oil delivery pipeline that is operated by Nigerian Agip Oil Company Limited (NAOC) and connects OER’s Ebendo Field (OML 56) to the Brass export terminal (as previously disclosed on November 12, 2012). Read more…

FX Energy begins drilling Tuchola-3K well

SALT LAKE CITY, Dec. 27, 2012 /PRNewswire/ — FX Energy, Inc. (NASDAQ: FXEN) reported that the drilling rig from the Kutno-2 well has been moved to the Tuchola-3K location and drilling operations are underway.  The main target reservoir of the Tuchola-3K well is the Main Dolomite at a projected depth of 2,550 meters.  The well is also planned to test a Devonian oil target at a depth of approximately 3,150 meters. Read more…

Ivanhoe Energy completes transfer of China’s Zitong block to shell China

CALGARY, Dec. 27, 2012 /PRNewswire/ – Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that through its wholly-owned subsidiary Sunwing Zitong Energy (Sunwing), it has completed the previously announced transfer of the Company’s participating interest in the Contract for Exploration, Development and Production in the Zitong Block (Petroleum Contract) to Shell China Exploration and Production Co. (Shell). Read more…

Chevron announces two discoveries offshore Western Australia

Chevron Corporation (NYSE: CVX) today announced further drilling success by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, a premier hydrocarbon basin. Read more…

Changyi Petrochemical increases production with modified catalytic cracking unit

After Changyi Petrochemical reworked the refrigerant cycle of its 1.4-million-ton catalytic cracking unit (FCCU) it substantially increased handling capacity, decreased unit energy consumption, and balanced product distribution. This means a savings of 12,000 tons of standard coal per year, and an increase of 150-yuan per ton in profits, and 175-million yuan per year in total profit, compared with last year. Changyi Petrochemical developed the FCCU and modification and was able to use the high-activity catalyst to full effect with low temperature contacts and high catalyst-to-oil ratio, for an increase in the overall yield and gasoline octane rating. Read more…

ChemChina Petrochemical announces Tianjin Petrochemical gets clean production rating

Tianjin Petrochemical did five full years of work improving its energy consumption, emissions, and efficiency to qualify for a clean production enterprise rating and, on Dec. 21, passed a Tianjin Municipal Economic Commission appraisal. To achieve this, in addition to the hard work, the company developed 13 emissions and consumption reduction projects in 2007, in accordance with national laws. These included 500000 tons/yr of electric desalting, a coal-fired boiler desulphurization system, sewage disposal online monitoring, putting sewage through a treatment plant, and crude oil floating roof. There was a substantial decrease in polluting emissions, while production was brought in line with national clean production standards. Moreover, the changes significantly reduced overall energy consumption and improved profits from sales. The appraisal committee decided that the company deserved the honor. Read more…

ChemChina Petrochemical sustainable improvement review at Changyi Petrochemical

ChemChina Petrochemical held its meeting for a review of sustainable improvement project conclusion for 2012 at Changyi Petrochemical, Dec 17 to 19, to allow staff members of seven companies report on Green Belt projects for increasing diesel oil benefits. Read more…

Pars Oil & Gas Company announces petrochemicals output Hit 27 million tons

27.4 million tons of petrochemical products were produced in Iran during the first 8 months of current Iranian calendar year, began 20 March 2012. Read more…

MEO Australia Limited announces Seruway PSC – gurame SE-1XST progress report no. 15

MEO Australia Limited (ASX: MEO; OTCQX: MEOAY) provides the following update in relation to the Gurame SE-1XST well in the Seruway PSC, offshore North Sumatra, in which MEO holds a 100% interest. Read more…

Total farms into the Bokhtar PSC area in Tajikistan with a 33.335% interest

Total announced that it had signed an agreement with Kulob Petroleum, a subsidiary of Tethys Petroleum, to farm into the Bokhtar PSC Area in Tajikistan with a 33.335% interest. Under the agreement, signed jointly with state-owned CNODC (a subsidiary of CNPC) of China, Total and CNODC will each hold a 33.335% interest in the PSC, while Kulob will retain a 33.33% stake. The agreement is subject to the approval of the Tajikistan government. Read more…

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