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Upstream News

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

26th March 2012

A fourth gas discovery has been found in a well offshore southern Tanzania, UK oil and gas company, BG Group announced on 26 March.Recoverable resources could be in the range of 2.5 to 4.4 tr cubic feet (...
26th March 2012

The Indian government has given the green light to exploration in 16 of its oil and gas blocks and rejected bids for 14, according to a cabinet statement on 23 March.Auctions opened in March for 34 blocks...
23rd March 2012

Gas can provide India with a relatively reliable energy resource as demand rises sharply in the next two decades, International Energy Agency (IEA) Executive Director Maria van der Hoeven said at an event...
23rd March 2012

India has opened bidding for shale gas exploration by 2014, confirmed the country’s prime minister, Manmohan Singh. India joins the US, Canada and China in the race to open access to the...
23rd March 2012

Norwegian energy giant, Statoil, has made a small oil discovery in the North Sea. Recoverable oil could be in the range of 12-18m barrels of recoverable oil equivalents, said the company on 22 March.Statoil...
22nd March 2012

The UK government has agreed BP can begin deepwater drilling in the North Uist well, off the Shetland Islands. The announcement comes a day after the UK government pledged GBP 3bn in fresh allowances for...
21st March 2012

Good quality crude oil has been found in deep waters beneath pre-salt region of the Santos Basin, Brazilian oil giant Petrobras announced on 21 March.The discovery was found during drilling of a...
21st March 2012

China National Petroleum Corporation (CNPC) and Shell’s Chinese subsidiary have signed their first ever shale gas Production Sharing Contract (PSC).The state-controlled parent of Petrochina agreed with...
20th March 2012

The European Commission has granted French energy giant Total permission to acquire a 20.5 per cent stake in a hydrocarbon exploration project in the Russian Arctic.  Total will share its...
20th March 2012

Siemens is buying up part of UK oil and gas specialist company, Expro Holdings UK, to meet the industry's growing demand for underwater power lines.Around EUR 470m will be invested in the Connectors and...

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