Latest news
China to review offshore oil regulations
China is considering reviewing regulations on joint offshore oil exploration with foreign companies despite the fact that Beijing did not expressed any decision on oil spill at ConocoPhillips.
read more... 07/11/2011
China reveals its shale gas output target
China, as the world’s second largest energy consumer, envisages the development of unconventional energy in order to meet its soaring demand for energy. Thus, the Chinese government revealed its plans to explore the country’s huge potential of shale gas reserves, as a result of some European countries’ decisions to ban the exploration of shale gas.
read more... 13/10/2011
Gulf Keystone makes the second significant oil discovery in Iraq
Gulf Keystone Petroleum Ltd., an AIM listed independent oil and gas exploration company announced a significant discovery at the Shaikan-1 exploration well, in the Kurdistan region of Iraq.
read more... 12/08/2011
GDF Suez to ink a deal with China Investment Corp
GDF Suez is near to ink a deal in which China Investment Corp. (CIC) would take a 30% stake in the French energy company's exploration and production business for as much as €3billion ($4.3bn).
read more... 09/08/2011
BP awarded two deepwater blocks in Trinidad and Tobago
According to BP’s announcement, the British giant was awarded new exploration and production rights off the eastern coast of Trinidad and Tobago, giving it a 100 percent interest in two deepwater blocks, identified as 23(a) and TTDAA 14.
read more... 26/07/2011