Upstream News

Global coverage of exploration and production, field development, shale, fracking and other upstream sector developments

	Shell may join Russia's Arctic gas project 25th May 2012 Talks regarding Shell's participation in Shtokman are under way, according to reports. There are different project configurations under discussion now but Gazprom will keep a 51 per cent stake," a source...
	US encourages India to diversify energy 24th May 2012 The US is trying to help New Delhi find alternative sources of supply as it grapples with rising oil prices due to sanctions on Iranian supplies. "We are working with countries around the world...
	Brazilian oil sector eyes Chinese investment 24th May 2012 Tapping Brazil's huge offshore oil reserves will require foreign investment that only cash-rich Chinese banks are in a position to provide, industry experts said.Alvaro Teixera of the Brazilian Petroleum,...
	Bangladesh strikes first oil 21st May 2012 Bangladesh has found its first oil, in two gas fields in the northeastern Sylhet region, the chairman of the state-run Oil, Gas and Mineral Corporation (Petrobangla) said on Sunday."This is first time that...
	Space technology to explore oil and gas reserves 21st May 2012 Technology developed to measure the force of gravity in outer space has been adapted so that it can be used to prolong the life of the North Sea oil and gas industries.Astrophysicists at Aberdeen University...
	East Africa to become major LNG exporter 17th May 2012 East Africa’s future as a major liquefied natural gas (LNG) exporter to Asia was cemented this week after fresh discoveries were announced by Italian oil group Eni and UK companies BG Group explorer Ophir...
	Chinese shale extraction starts in June 16th May 2012 Chinese oil giant Sinopec will begin extracting shale gas from a site in the southwestern province of Sichuan in early June, it announced this week.The first such production in the country will be completed...
	Ukraine ramps up shale output 16th May 2012 Ukraine will increase shale production by up to 25 per cent by 2015, helping the country break free of its energy dependence on Russia, prime minister Mykola Azarov announced.The country will partner with...
	Chinese shale gas could ease energy shortfall – report 15th May 2012 Vast unconventional domestic gas reserves, including shale gas and coal-bed methane, could ease China’s energy shortfall, according to a new report by professional services company, PwC.The latest analysis...
	Shell and Chevron take over Ukrainian shale gas fields 14th May 2012 Oil giants Royal Dutch Shell plc and Chevron Corp have obtained the right to develop two Ukrainian shale gas fields, prime minister Mykola Azarov announced this weekend.The Yuzivske and Oleske fields...