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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

Oil below $75/bbl may slow down spending, Baker Hughes says

HOUSTON (Bloomberg) -- Baker Hughes Inc. said oil prices below $75/bbl for a few months may cause energy companies to pull back spending on exploration and production. West Texas Intermediate, a U.S. benchmark for oil, fell below $80/bbl fo......【More】

2014-10-17

Petrobras, BG produce first oil from Iracema discovery, offshore Brazil

READING, United Kingdom -- BG Group has announced the early start of production from the Iracema area in block BM-S-11, one of the Groups and its partners significant discoveries in the Santos basin, offshore Brazil. Petrobras is the operat......【More】

2014-10-16

CNOOC Engineering wins EPCI contract

CNOOC Engineering has announced that the company has signed a $367m EPCI contract with PTTEP International for Myanmar Zawtika Phase 1B project. The contract including the design, building and offshore installation of four wellhead platform......【More】

2014-10-15

Oil Falls More Than $1 on Kuwait, Saudi Signals; China Offsets

Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signalled ample supplies and their willingness to bear lower prices to defend market share, although better than expected trade data from China pared oils lo......【More】

2014-10-14

CNOOC Ltd Raised to “Buy” at Jefferies Group (CEO)

CNOOC Ltd (NYSE:CEO) was upgraded by equities researchers at Jefferies Group from a hold rating to a buy rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. Other equities research analysts have also recently issue......【More】

2014-10-13

Roc Oil starts drilling second Beibu well (China)

Roc Oil starts drilling second Beibu well (China) Tuesday, Oct 07, 2014 Roc Oil (China) Company, a wholly owned subsidiary of Roc Oil Company Limited (ASX: ROC), advised today that drilling has commenced on the second of two exploration wel......【More】

2014-10-11

China shale gas ambition faces reality check

The mainland is believed to have the worlds largest shale gas resource, but extracting the cleaner-burning fossil fuel is proving tougher than expected and highlights the hurdles policymakers face in plotting a shift away from coal-fired po......【More】

2014-10-10