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Petrel Energy's associate Schuepbach Energy International expects to drill in late May or early June, the first two core holes at its Uruguay unconventional oil and gas play.The locations for the two core holes have been carefully selected to confirm basic reservoir parameters critical for oil generation...
Spiralling development costs for liquefied natural gas (LNG) projects were firmly on the agenda at the LNG 17 conference in Houston. Daniel Yergin, chairman of energy consultancy IHS Cambridge, said it was the single most important factor which would determine whether projects...
For basketball fans, nothing is better than March Madness where sixty-four college basketball teams line up with a shot to win it all after a series of games played throughout the month of March. As the NCAA tournament progresses, the field is eventually split into four groups of 16 teams known...
Canadian-baesed Pacific Rubiales Energy Corp. announced the discovery of natural gas and condensate in the Manamo-1X exploration well drilled in the Guama Block in the Lower Magdalena basin, onshore northern Colombia. The Company has 100% working interest in the block and is the operator. Ronald...
On January 24 2013 the National Agency of Petroleum, Natural Gas and Biofuels (ANP) published a draft of the preliminary tender package for the 11th oil and gas bidding round, in which 172 blocks will be offered. ANP is entitled to remove or add further blocks to the list at any stage, provided...
The Canadian government has approved the takeovers of Calgary-based Nexen Inc. and Progress Energy Resources Corp. by Asian state owned firms, the Canadian Press reported. China's CNOOC and Malaysia's Petronas received the OK from the government late Friday as part of a...
Spanish oil and gas producer Repsol has taken a case against the Argentine state, claiming the South American country acted wrongly in nationalising Repsol's subsidiary, YPF. Argentine government sources said the complaint had been lodged with the World Bank’s International Centre...
Repsol has pressed charges against Chevron over “disloyal competition,” after the US company reached an agreement with its former Argentine branch YPF to conduct explorations in the Vaca Muerta reservoir, a company spokesman announced. A Madrid court has accepted the case, which complements...
Clean Energy Fuels, which aims to establish a network of liquefied natural gas filling stations across the US, has bought two MicroLNG plants from GE Oil and Gas. The filling stations are aimed at large industrial vehicles – trucks. Clean Energy expects to complete approximately 70 LNG stations...
The International Energy Agency (IEA) has launched the 2012 edition of its comprehensive publication, the World Energy Outlook (WEO). One of its stand-out predictions is that the United States could be close to self-sufficient in energy by 2035. The WEO 2012, released in London, said major...