Industry Developments

OGX has received some much-needed and encouraging news after discovering a huge hydrocarbon column with its Fortaleza well, which is showing promise in the Santos Basin. The company... 2012-01-17

Pembina's acquisition of Provident is further evidence that midstream gas specialists are looking to capitalise on the price differential between liquids and natural gas in North America.... 2012-01-17

Chevron has secured new partners on its Newfoundland acreage. The deal will help spread the cost of 2012 exploration and, if successful, could restore interest in region.

France's Total, Norway's Statoil and Denmark's Maersk Oil are among the firms expected to bid for Anadarko Petroleum's Brazilian assets, the Financial Times (FT) reported on January... 2012-01-16

US major Chevron has released preliminary production data for Q411, showing a drop in the company's US production output, although its international output has held up better.

Onshore oil production is booming in the 48 states on the back of higher tight oil output. This has helped lift total liquids production growth despite supply disappointments in Alaska... 2012-01-11

EnCana is hoping that encouraging results from its Tuscaloosa Marine Shale acreage will prove a turning point in the company's fortunes. Plays like Tuscaloosa Marine, Collingwood, Niobrara... 2012-01-11

Pacific Rubiales' key challenge in 2012 will be to keep costs under control while maintaining the rapid expansion of oil production. If Pacific Rubiales is able to realise its 2012... 2012-01-10

French independent Perenco announced on January 6 2012 that it had signed a deal with the Brazilian subsidiary of China's Sinochem to farm-out stakes in its five offshore concessions... 2012-01-09

There is a much stronger case to be made for feeding Alaska's North Slope gas reserves into an Asia-focused LNG export plant than a pipeline destined for the US' Lower 48 states or... 2012-01-06