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Chevron To Build Biggest Natural Gas Project in Australia
Chevron Corp. on Monday committed to building Australia’s biggest natural resource project, a $37 billion facility that will pump natural gas from the ocean floor, cool it into a liquid and ship it to the hungry economies of East Asia.
Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
Oil prices rise in Asian trading
Oil prices rose Wednesday in Asian trading ahead of the release of U.S. fuel inventory data expected to show a drop in domestic gasoline stocks.
Light, sweet crude for June delivery added 26 cents to $64.66 a barrel in electronic trading on the New York Mercantile Exchange mid-afternoon in Singapore. The contract fell $1.31 to $64.40 [...]
Shell, Partners Win Exploration Permits in Australia (Update1)
Royal Dutch Shell Plc, the world’s second-biggest oil company by market value, won two exploration permits off the northwestern coast of Australia as it intensifies a search for natural gas supplies for LNG production.
A venture between Shell and Nexus Energy Ltd. won a permit in the Eastern Browse Basin, while a Chevron Corp.-led venture including [...]
Deep Down Executes LOI to Acquire ElectroWave USA
Deep Down, Inc. today announced it has signed a letter of intent to acquire ElectroWave USA, an electronic monitoring/control system designer and manufacturer serving the energy, military, and commercial sectors, located in Houston, Texas.
“We are excited to have an executed letter of intent to acquire ElectroWave,” commented Ron Smith, Deep Down’s chief executive officer. “The [...]
ONGC to announce major gas find
Indian state-owned Oil and Natural Gas Corp. said it would announce its major gas finds in the Krishna-Godavari basin in two weeks.
I don’t want to jump the gun. The announcement will be made after the upstream regulator directorate general of hydrocarbons makes an assessment, ONGC Chairman R S Sharma said. Our drilling and exploratory efforts [...]
Feeding frenzy for Africa’s oilfields grows
Cape Town – Africa accounts for only about 10 percent of world oil reserves. But the continent is the focus of a feeding frenzy among energy companies that is just beginning in countries such as Libya and Angola.
Crisis in Iraq, concerns about energy nationalism in South America and difficulties investing in Russia had limited exploration [...]
Feeding frenzy for Africa’s oilfields grows
Cape Town – Africa accounts for only about 10 percent of world oil reserves. But the continent is the focus of a feeding frenzy among energy companies that is just beginning in countries such as Libya and Angola.
Crisis in Iraq, concerns about energy nationalism in South America and difficulties investing in Russia had limited exploration [...]
India’s oil diplomacy brings in over 12 global firms
The ’silent’ oil diplomacy of Petroleum Minister Murli Deora has for the first time brought over two dozen global energy firms including likes of Chevron, Total and BP to Indian oil and gas exploration scene with most of them likely to bid in the latest offering of 55 blocks.
“Many globally renowned oil and gas companies [...]
