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Upstream News

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

2nd May 2012

A new, integrated drilling and fracturing site which could cut down on the amount of equipment used for shale gas exploration has been launched by Chinese rig manufacturers, Honghua Group Limited at this...
27th April 2012

UK natural gas producer, BG Group Plc has held talks with China Investment Corp (CIC) on the sale of an equity stake in its Australian LNG facilities, sources familiar with the matter told Reuters. The deal...
27th April 2012

Brazilian oil giant Petrobras said it expects to find between 8 trillion and 10tr cubic feet of natural gas in two Peruvian petroleum lots.Odebrecht, a construction firm, said it would invest USD 5 billion...
26th April 2012

India is studying the potential of shale gas and is watching safety and technology developments in other countries closely, the deputy chairman of its planning commission said on Thursday."We are exploring...
26th April 2012

Italian and Russian energy giants Eni and Rosneft have agreed to jointly explore hydrocarbons in the arctic.The deal comes one week after the Russian company made a similar pact with ExxonMobil worth USD125...
25th April 2012

Non-seismic geophysical imaging services provider ARKeX has began a new multi-client full tensor gravity gradiometry (FTG) survey offshore Greenland.In conjunction with ION Geophysical Corporation, the...
25th April 2012

Indian oil giant ONGC has teamed up with a Vietnamese company to launch joint exploration for oil in the South China Sea despite objections from China, a top company official said on Tuesday."There is...
25th April 2012

French energy giant Total and partners of the Bongkot Joint Venture have begun production from the Greater Bongkot South (GBS) gas and condensate field in the Gulf of Thailand.The Joint Venture is operated...
19th April 2012

More than 20 per cent of the world's undiscovered, technically recoverable conventional oil is in South America and the Caribbean, according to the US government.A report from the US Geological Survey on...
18th April 2012

China will likely auction exploration rights for 20 shale-gas blocks in July and August, with 17 companies apparently planning to submit bids, China Securities Journal reported Wednesday, citing...

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