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ConocoPhillips profit rises on asset sale and new output BRADLEY OLSON HOUSTON (Bloomberg) -- ConocoPhillips reported rising profits in the face of falling oil prices as an asset sale in Nigeria and higher output in Texas and North Dakota b......【More】

2014-10-31

Sinopec firm starts laying pipelines for Iraq's Maysan oilfield

An engineering and construction unit under Chinas Sinopec Group has started building pipelines for Iraqs Maysan project that will help raise the oilfields production to 460,000 barrels per day (bpd) by 2016, an industry website reported on......【More】

2014-10-30

Jiangzhou takes aim at LNG

China Ocean Shipbuilding Industry Group has forged an alliance with Jianglian Heavy Industries under a broader bid to cash in on rising demand for LNG carriers. In a statement the Hong Kong-quoted holding company said the partnership involv......【More】

2014-10-29

Baker Hughes launches TORRENT frac-pack solution

HOUSTON -- Baker Hughes has released its TORRENT frac-pack solution, which helps operators improve ultimate recovery by creating and maintaining large, high-conductivity fractures to maximize reservoir contact and increase drainage. Each TO......【More】

2014-10-28

Shell's alternative west African foray

According to the 2014 BP Statistical Energy Survey, Equatorial Guinea and Gabon had combined proven oil and gas reserves of 3.7bn barrels. Thats roughly equivalent to the reserve base of Egypt, or around 700m in excess of the United Kingdom......【More】

2014-10-27

Chevron hits oil in deepwater U.S. Gulf of Mexico

SAN RAMON, California -- Chevron Corporation has made a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox S......【More】

2014-10-24

Gas pipeline from Turkmenistan to China to be completed in 2016

The construction of the 4th branch (D) of the Turkmenistan-China gas pipeline is planned to be completed in 2016, Turkmen President Gurbanguly Berdimuhamedov said Oct. 21. President Berdimuhamedov made the remarks while delivering a speech......【More】

2014-10-23

China seeks next shale success story after Fuling

Chinas first commercial shale gas development in the Fuling area of Chongqing will not be a one-off, according to industry experts. They expressed confidence that other shale sweet spots will soon be unearthed in southwest China. The projec......【More】

2014-10-22

Unconventional oil, gas operators can cut costs by better managing above-ground operations

HOUSTON -- Oil and gas operators can reduce the costs of constructing, drilling and completing unconventional wells, as well as the overall time it takes to complete them, by up to 40% through better planning and management of logistics, co......【More】

2014-10-21

China’s shale gas production surging

Chinas shale gas production in 2014 will surpass 1.5 billion cubic meters, 7.5 times that of 2013, an energy expert predicted on Tuesday. Jiang Xinmin, a researcher with the Energy Research Institute under the National Development and Refor......【More】

2014-10-20