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Oil & Gas Technology News Archive

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27th March 2012

China Petroleum & Chemical Corp, will continue to invest overseas in unconventional natural gas and oil to boost its output and offset losses in its refining operations, China Daily reported on 27 March...
27th March 2012

The Indian Oil Corporation (IOC) has secured financial backing for an integrated liquefied natural gas (LNG) terminal in Chennai, India.Tamil Nadu Industrial Development Corporation (TIDCO) agreed to loan...
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

Russian energy giant, Gazprom will invest almost a third more in local gasification projects compared to last year, it announced on 26 March.A total of RUB 37,660bn will be spent in 2012, covering 69 blocks...
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...
22nd March 2012

A state-run South Korean oil company has teamed up with other global energy investors to buy US-based El Paso Corporation’s exploration-and-production business, EP Energy, from Kinder Morgan.Korea National...

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