Latest news
BP examines the possibility of drilling a new well in the Caspian Sea.
BP, the largest foreign investor in Azerbaijan which operates the technical aspects of the project on the development of the Shah Deniz gas field wants to build new production well in the Caspian Sea.
read more... 30/12/2010
Shell appraises Gas Discovery in Libya
A gas discovery was made in Libya’s Sirte Basin according to Shell Exploration and Production Libya. The company said that it will appraise the discovery to determine if the reserves found are of commercial quantity.
read more... 29/12/2010
Gas Exporting Countries Forum will expand.
According to statements made this year by the Secretary-General of the Gas Exporting Countries Forum (GECF), Leonid Bokhanovsky, the organization will add new members.
read more... 29/12/2010
Vietsovpetro will continue Vietnam-Russia oil cooperation.
Vietnam and Russia will continue cooperating in geological survey and oil and gas production on Vietnam’s continental shelf within the framework of the Vietnamese-Russian oil and gas joint venture (JV) Vietsovpetro after 2010.
read more... 28/12/2010
The unconventional gas suppliers from Europe need subsidies from government to become attractive on the market.
The Oxford Institute for Energy Studies in collaboration with the SBC Energy Institute has published a study on unconventional gas in Europe. The study "Can unconventional gas be a game changer in European gas markets?” concludes that unconventional gas development will not be a game changer for European gas markets overall. However, it could have a significant impact in individual countries, although probably not in this decade.
read more... 27/12/2010