Yemen plans to increas oil and gas exploration next year. Increas exploration from 55 to 60 this year. The plan goal for effort to boost production. From this progam the country hopes to raise its output to 500,000 barrels per day from 300,00 barrels per day.
For to support this plan, earlier this the country tender for international oil companies for 11 offshore oil and gas exploration blocks.
Petroleum producing and oil field service companies was engage in joint researc and development of nanotechnology for exploration and production of oil and gas.
The join venture called Advanced Energy Consortium, AEC. This program is develop nanosensors that can be injected oil and gas well bores below the Earth’s surface.
The U.S. Department of Justice announced its position Thursday in a business review letter from Thomas Barnett, assistant attorney general in charge of the Department’s Antitrust Division, to counsel for the AEC in response to consortium’s request for such a statement.
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Power generation and primary energy director Ali Herman Ibrahim said
“PLN was currently negotiating with a view to making LNG purchases from Iran following its failure to secure gas supplies from Qatar”.
PLN had been unsuccessful in its Qatar bid as that country intended to cut production in order to prop up prices on the world LNG market.
PLN is planning to build an LNG receiving terminal in Cilegon, Banten. This terminal to handle the gas supplies for company’s power plants in Java.
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Contact Exploration Inc. announces plans produce and exkplorasi oil and gas. Exploration reserve and produce of x 12 million oil barrel and 65 bcf natural indium gas the 100% owned stoney creek field.
Produce of crude oil from area exploration Stoney Creek is 750 barrels. In July produce of 900 barrels. In area exploration will be added 14 holes exploration new to increase product.
Application for re-work of the wells was submitted to both the New Brunswick Departments of Natural Resources and Environment on July 23, 2007.
In september have been available one new bridges to support re-work or when permitting is complete. Re-work done at hole which there, but on-producing wellbores is an efficient and cost effective method of exploiting.
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Contact Exploration Inc. is a junior exploration company with a focus on Canadian East Coast onshore exploration. Contact’s land claims and holdings are located in close proximity to the largest consumption markets in North American with pipeline and refinery infrastructure in place.
Contact has interests in approximately 1.5 million acres onshore Nova Scotia, approximately 160,000 acres onshore West Newfoundland and 165,000 acres onshore New Brunswick which includes the Stoney Creek Field (approximately 5500 acres), a field with estimated proved and probable reserves of 1.2 million barrels of oil and 6.5 bcf of natural gas.
Condition of trading morning session in US. market the price of enery prices (natural gas, heating oil and gasoline) also increased.
This reported news from nasdaq.com :
Oil prices climbed towards the $70 mark in early U.S. trading on Thursday. Light sweet crude for October delivery moved at $69.70, up 44 cents. It got as high as $70.08 in early activity. Oil dropped to a five-week low on the first day with October as the front-month contract on Wednesday.
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Market Tradding on Thursday shows the price of oil to experience increase, after during eight weeks experiences degradation.
This condition caused US has increased supply of oil in country.
Following is condition of supply of oil US based on report US. Energy Departement :
crude inventories rose 1.9 million barrels to 337.1 million barrels last week, sending light sweet crude down 31 cents to $69.26 a barrel.
The weekly report also said gasoline supplies fell by 5.7 million barrels, nearly 3 percent, to 196.2 million barrels. U.S. refineries lowered production last week by 0.2 percentage points compared to the previous week, running at 91.6 percent of total capacity.
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2 week has effort for coal miner in Huntington, Utah is done, but not indication there hope will find of miner trapped in shaft mouth. The families only hope existence of miracle to effort for mineworker saving.
Has been done drilling to sixth of hole where the mineworkers works, but there are no life marking.
Following is statement from co-owner Bob Murray :
“This is the last hole,” mine co-owner Bob Murray said at a news conference Wednesday night. Drilling it, he said, will “bring closure to me that I could never get them out alive.”
Brunei Shell Petroleum has awarded Astrata an extension through September 2008 to its current location- based services contract for oil and gas exploration activities.
This contract extension is the latest addition to Astrata Group’s growing list of new revenue contracts, including its recent record-breaking USD($)93 million telematics contract, which the company believes is the largest single contract in the history of the telematics industry.
Mark Tuttle, Head of Geomatics for Brunei Shell, commented: “Astrata has proved itself to be a capable and reliable supplier of onshore location-based services meeting their contractual requirements in a timely and professional manner.”
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In market trading on Tuesday oil prices dropped bellow $71 a barrel. Traders shifted focus from threat of Hurricane Dean on U.S energy facilities in the Gulf of Mexico to worries about global stock markets.
hightlight condition, sweet crude for September delivery lost 36 cents to $70.76 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. The contract fell 86 cents to settle at $71.12 a barrel Monday.
As supply worries faded, concerns about the battered stock market’s drag on global demand came to the forefront once more.
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