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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

Edgo bags two blocks in a gas rich region of Tajikistan

Klarenco has completed an integrated data review of all historical geological, seismic, exploration and production well logs in the areas, which included the interpretation of the data collected during a 2D seismic survey on the Surkhsimo l......【More】

2014-10-09

Sinopec set to sign deal for US wastewater treatment tech

State-owned Sinopec is set to sign up for an American technology that can recycle most wastewater produced from hydraulic fracturing. Sinopec will likely sign the contract with Beijing Woteer Water Technology an investor in Boston-based sta......【More】

2014-09-30

Maersk Drilling names fourth ultra-deepwater drillship

GEOJE-SI, South Korea -- Maersk Drillings fourth ultra-deepwater drillship was named in a ceremony at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea, on Sept. 25. Lene Berg, wife of Gregers Kudsk, V.P. in Maersk Drilli......【More】

2014-09-29

Tendeka inks agreement to supply intelligent well technology in China

ABERDEEN, United Kingdom -- Tendeka has entered an exclusive strategic agreement with Beijing Wallgate Information Technology to deliver digital oilfield capabilities to key operators in China. The agreement will see Tendekas intelligent we......【More】

2014-09-28

Statoil postpones Canadian oil sands project

STAVANGER, Norway -- Statoil has decided to postpone the previously planned Corner field development at the Kai Kos Dehseh oil sands project in Alberta, Canada. Despite the improvements made in the Corner business case, we have decided not......【More】

2014-09-26

Russian oil billionaire Evtushenkov offers $7.9 million bail

MOSCOW (Bloomberg) -- Russian oil and telecommunications billionaire Vladimir Evtushenkov, who is under house arrest on charges of money laundering, offered to post bail of 300 million rubles ($7.9 million), Judge Yuri Pasyunin said. Moscow......【More】

2014-09-25

Tight oil technology in the U.S. could add 3 MMbpd by 2030

HOUSTON --- Tight oil production in the U.S. will surpass expectations and additional volumes from enhanced oil recovery (EOR) tactics could add as much as 1.5 to 3.0 MMbpd by 2030, according to analysis from Wood Mackanzie. Growth in US ti......【More】

2014-09-24

Rockefeller oil heirs’ fund to sell fossil-fuel investments

NEW YORK (Bloomberg) -- The Rockefeller Brothers Fund, built with profits from Standard Oil Co., is selling investments in coal and tar sands producers in a move to pressure companies that are contributing to climate change. The fund, found......【More】

2014-09-23

Exxon gets U.S. sanctions reprieve to shut Arctic oil well

IRVING, Texas (Bloomberg) -- Exxon Mobil Corp. said the U.S. government is giving the company more time to shut its Russian Arctic well beyond the deadline for sanctions aimed at halting the $700 million project. Exxon asked Washington for......【More】

2014-09-22