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Upstream News

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

12th June 2012

Energy company, Anadarko gas found more than of 300 net feet of natural gas pay in two areas in its Atum exploration well in the Rovuma Basin.It appears to be connected to a recent discovery about 10 miles...
11th June 2012

The reserves are in the third well in a field located 320 km off the southeastern state of Sao Paulo in the pre-salt layer, which is estimated to contain billions of barrels of oil equivalent and could...
8th June 2012

Guyana's government reacted with surprise yesterday after Venezuela's opposition coalition condemned such oil concessions and demanded a response by president Hugo Chavez's government.Natural Resources...
6th June 2012

Exxon Mobil is starting work with Russia's OAO Rosneft in assessing what could be massive reserves of shale oil in Western Siberia, the US giant's chief executive Rex Tillerson"There is huge shale potential...
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...

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