The French operator Total announces that it has made an oil discovery in the Garantiana prospect located in the Norwegian North Sea, which is expected to contain 25 million to 75 million barrels of recoverable oil and is situated 185 kilometers northwest of Bergen and 30 kilometers northeast of the Visund Field, at water depths of 384 meters.
read more... 04/12/2012
China is considering new policies to stimulate the development of the domestic shale gas industry which include the allocation of a financial incentive for operators interested in the exploration of shale gas fields, according to an official at the Ministry of Land and Resources.
read more... 06/11/2012
The Italian government plans to boost the oil and gas industry, as part of its first national energy plan in more than 20 years and one of the major parts of this plan is development of the Tempa Rosa oil field in southern Italy.
read more... 06/11/2012
Brent crude futures declined on Thursday as the North Sea Buzzard oilfield was expected to restart after maintenance and on worries about the euro-zone economy. Brent crude for delivery in December dropped 53 cents or 0.49 percent, settling at $108.17 a barrel, having traded from $107.75 to $109.03.
read more... 02/11/2012
Norwegian energy giant Statoil envisages connecting onshore power to some North Sea oil and gas fields by 2018, move which will cost 10 billion crowns ($1.75 billion) investment that could potentially slash its future tax bill.
read more... 02/11/2012