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Political Risk / United States
The Bush administration has proposed new rules for commercial oil shale development that it says could yield up to 800bn barrels (bbl) of oil. The executive arm plans to offer lower royalties for energy companies that want to produce oil from shale deposits in the western US. Although it is technically possible to extract oil from oil shale, development has so far been economically...
2008-07-23Companies / United States
Alaska's House of Representatives has voted to grant pipeline operator TransCanada a state licence to construct a new pipeline to transport natural gas from the North Slope to...
2008-07-23Economy / Japan
Japanese state-run Japan Oil, Gas and Metals National Corporation (JOGMEC) is expected to sign a Memorandum of Understanding (MoU) with Venezuelan state-owned oil company Petróleos...
2008-07-22Companies / Vietnam
State-owned Vietnam National Petroleum Corporation (Petrolimex) has announced plans to build an oil refinery in the country's central Khan Hoa province.
2008-07-23Companies / United Kingdom
UK-based Rift Oil's Puk Puk-1 well in Papua New Guinea's (PNG) Foreland Basin has struck 48.5 metres (m) of net gas pay.
2008-07-22Companies / China
China has told US major ExxonMobil to withdraw from an exploration deal with Vietnam in the South China Sea, claiming that the blocks under contract are in Chinese waters and therefore...
2008-07-22Companies / Kazakhstan
Kazakhstan's government has announced that it will revise its agreement with Western international oil companies (IOCs) that are developing the Kashagan field after they reached a deal last month which ended ongoing disagreements over the project's development.
2008-07-23Economy / Russia
Russian state-run oil producer Rosneft has invited state-owned gas monopoly Gazprom to join a number of its projects on Sakhalin Island.
2008-07-23Political Risk / Russia
Swedish independent Lundin Petroleum has announced that the Morskaya-1 exploration well in the Lagansky block, situated in the northern Caspian Sea, was successfully tested at a...
2008-07-22Industry / Nigeria
Cadbury Nigeria, a separately listed subsidiary of Cadbury Schweppes, has been suspended from trading on the Nigerian Stock Exchange following a decision by Nigeria's Investment and Securities Tribunal. The Tribunal has upheld an earlier indictment in which Cadbury was ruled to have overstated its financial position between 2002 and 2005. A fine of NGN21.2mn (US$180,783) had been...
2008-07-21Economy / Iran
Iran has announced the discovery of a new oil field with 525mn barrels (bbl) of in-place reserves. The news follows the July 14 announcement of the discovery of a significant oil...
2008-07-21Companies / United Kingdom
Qatar Petroleum (QP) has said that it will begin liquefied natural gas (LNG) deliveries to the UK before the end of the year, according to a report in Bloomberg.
2008-07-16Companies / Italy
Italian major Eni has made a natural gas discovery in the Sicilian Strait, with initial reserves estimates of 16bn cubic metres (bcm).
2008-07-23Companies / Belgium
London-based energy company Centrica will double its interest in Belgian energy producer and distributor SPE.
2008-07-23Companies / United Kingdom
Swedish independent Lundin Petroleum has announced that it has hit oil and gas with exploration well 21/8-4Z, drilled on the Torphins prospect in Block 21/8 in the central sector...
2008-07-21
