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Dutch Mining Company, Shell to Start Brazil Pre-Salt Drilling Late 2009, Valor Says
Royal Dutch Shell Plc plans to start drilling Brazilian deepwater oil finds below a salt layer at the end of 2009 in the Epitonio field, in the BM-S-54 block, Valor Economico reported, without saying where it got the information.
Shell has 13 concessions in Brazil, two of which are in production, the Brazilian newspaper said on [...]
Verenex Energy Reports Increased Oil and Gas Exploration in Libya
Verenex Energy Inc. is pleased to announce that DeGolyer and MacNaughton (”D&M”), of Dallas Texas, has completed an updated assessment of oil and gas resources in the Company’s discoveries and portfolio of exploration prospects in Area 47 effective September 30, 2008. The assessment is an update to D&M’s February 1, 2008 assessment to reflect [...]
PetroChina Lags Farther Behind ExxonMobil, For Now
International crude oil is hovering around $63 per barrel, close to its level two years ago. Meanwhile, China’s oil product prices now exceed those in the US. According to the latest US figures from the Energy Information Administration, the retail price for regular gasoline in the US is about 5.26 yuan per liter, while the [...]
Chinese oil firm accused of abuses, contamination in Myanmar
A Chinese-led consortium with a concession for oil exploration on Myanmar’s Ramree Island has left hundreds of local islanders landless and unemployed and their environment befouled, a human rights group said Tuesday.
Blocking Freedom, a report compiled by the environmental and human rights group Arakan Oil Watch, said a consortium led by the China National Offshore [...]
Nido Petroleum Provide Progress Report Oil Exploration in NW Palawan Basin
Nido Petroleum and its Joint Venture partner Kairiki Energy have provided progress report on the Tindalo-1 exploration well located in Service Contract 54 (SC54), located in the NW Palawan Basin, offshore the Philippines.
While drilling through the Nido Formation reservoir section, oil shows were observed, (demonstrated by elevated mud log wet gas readings and strong oil [...]
China National Petroleum Corporation to tap oilfield in Uzbekistan
China National Petroleum Corporation (CNPC), the country’s largest oil company, has signed an agreement with Uzbekistan’s state oil company to jointly develop an oilfield in the central Asian country.
The field has oil reserves of over 30 million tons, and is expected to have an annual capacity of 2 million tons, CNPC said on its website [...]
Hunt Gold Corporation Exploration Plans for Its Mockingbird Gold Mine
Hunt Gold Corporation confirms that is commencing further exploration work on its Mockingbird Gold Mine, in early September of 2008.
Mockingbird is a detachment fault gold deposit related to Tertiary extensional tectonics. Abundant gold mineralization has been found in the lower plate of pre-Cambrian gneiss, which is exposed in the immediate vicinity of the Mockingbird Mine [...]
Oil Exploration and Production Report by Evolution Petroleum
Evolution Petroleum Corporation, today reported record production for the fiscal fourth quarter and year ended June 30, 2008 (”Q4 08″ and “FY 08″).
Sales volumes for Q4 08 were 18,237 barrels of oil and natural gas liquids (”BO”) and 53 million cubic feet of natural gas (”MMCF”), or 27,095 barrels of oil equivalent (”BOE”). This is [...]
Mining Exploration Report, Shell Confirms Find at Saudi Empty Quarter
Royal Dutch Shell, said a joint venture with state-owned Saudi Aramco had discovered a hydrocarbons system at the kingdom’s Empty Quarter, Middle East Economic Digest (MEED) reported.
Ceri Powell, vice-president of strategy at Shell International, said South Rub al-Khali Co (Srak) had made a hydrocarbon discovery, but declined to give details, the London-based magazine, published on [...]
