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Upstream News

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

6th June 2012

Brazilian state-controlled power utility, Ceming believes natural gas from local shale deposits can fuel further growth of one of the country's industrial hotspots.Dorothea Werneck, who chairs Cemig's board...
1st June 2012

Chinese oil giant, PetroChina may take five years to figure out ways to unlock the world’s largest natural-gas reserves trapped in shale rock, meaning China must keep buying overseas energy assets to fuel...
31st May 2012

Cenovus said it plans to start groundwork on the first 45,000 barrel-a-day phase of the Narrows Lake project in northeastern Alberta in the autumn. First production is expected by 2017 and eventual output...
30th May 2012

BP says it will resume oil exploration in Libya after suspending operations there earlier due to the violent uprising that ousted Moammar Gadhafi.The oil company said Tuesday it has lifted its "force...
30th May 2012

Italian oil and gas giant Eni has won an oil and gas exploration block in Indonesia's first international bid round of 2012.The East Sepinggan block, situated in the Kutei basin and covering around 2913km²...
30th May 2012

A boom in unconventional resources, such as shale gas, over the next 20 years could see the US and others benefit from cheaper energy but must be accompanied by appropriate regulation, the International...
30th May 2012

Spanish oil firm Repsol will stop looking for oil in Cuba after hitting a dry well drilled at a cost of more than USD 100 million, it said in a statement on Tuesday.Speaking to investors and reporters about...
28th May 2012

The US Ninth Circuit Court of Appeals on Friday rejected efforts to stop Shell from exploration drilling this summer in the Beaufort Sea. It also denied challenges to the company’s plans to drilling in the...
25th May 2012

Spanish oil company Repsol says an offshore block near Brazil's coast contains at least 1.2 billion barrels of oil equivalent, one of the world's largest finds this year.Testing confirms the potential...
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...

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