Tie-ups with PetroChina may have Shell in pole position to reap the benefits of China’s potential shale bonanza.
Continue reading "Shell Looking to Cash in on PetroChina’s Quest for Shale Gas"
Tuesday, December 13, 2011
Sandwiched between a recent discovery to the East, the world’s largest reserves of crude oil to the West and with their maritime border dispute resolved - Guyana and Suriname have started to attract a lot of exploration interest.
Monday, September 19, 2011
Key report from the US Department of State should set the stage for project`s approval from the White House, say analysts.
Continue reading "Analysts: Expect Keystone XL Pipeline Approval"
Tuesday, September 6, 2011
After BP-Rosneft deal falls through, Exxon score a major coup with partnership that grants them access to untapped reserves that could top 110 billion barrels of oil equivalent.
Continue reading "Exxon Tie Up Deal With Rosneft To Explore Russian Arctic"
Monday, January 24, 2011
International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.
Continue reading "Increasing Oil Production Pressures"
Thursday, November 18, 2010
China has an enormous gas market to be filled, both in the short term and long term, where natural gas will account for as much as 12 percent of the primary energy needs over the next decade from the current 3.8 percent. Shell's Chief Financial Officer Simon Henry indicated that the company may invest $1 billion each year in China if PetroChina's two wells in Sichuan province prove they have the potential for commercial gas production.
Continue reading "Chinese Shale Gas Attracting International Investment"
Monday, November 1, 2010
Bloomberg reports that Abu Dhabi shortlisted Exxon Mobil Corp., Royal Dutch Shell Plc and Occidental Petroleum Corp. as potential partners to develop the $10 billion Shah natural-gas project.
Continue reading "Exxon, Shell, Oxy Said to Be Shortlisted for Abu Dhabi Shah Gas"
Thursday, October 8, 2009
Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.
Continue reading "Advantage: Crude"
Tuesday, September 1, 2009
Prices of light, sweet crude on the New York Mercantile Exchange are currently trading at half their peak hit in July last year. This has led some producers to postpone oil sands projects as they are capital-intensive and need crude futures above a certain threshold to be viable. US oil demand is also in the doldrums due to the global economic downturn, making it harder for producers to justify investments in new crude oil production. However, PetroChina has gone ahead with its investment in Canadian oil sands.
Continue reading "PetroChina, Canada Ink Deal"
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Monday, February 6, 2012