Deepwater oil drilling gaining momentum

HOUSTON, June 27 (UPI) -- Deepwater drilling for oil and natural gas reserves has returned to the level before the BP oil spill in the U.S. Gulf of Mexico, analysis shows.

Report: Egypt needs natural gas overhaul

HOUSTON, June 21 (UPI) -- Egypt has some tough economic decisions to make as it struggles to meet domestic energy demands because of natural gas production declines, an analysis finds.

Azerbaijan has long-term gas prospects

BAKU, Azerbaijan, June 7 (UPI) -- Development of the third phase of the Shah Deniz natural gas reserve offshore Azerbaijan is expected within the next 20 years, an energy analyst said in Baku.

No peak coal for China until 2030?

BEIJING, June 4 (UPI) -- China's thermal coal demand is expected to double by 2030, says a new report.

Indonesia, Papua New Guinea plan joint exploration

JAKARTA, May 23 (UPI) -- Indonesia and Papua New Guinea are planning joint exploration for potential oil and gas reserves in border areas.

Oil majors flock to offshore Brazil

BRASILIA, Brazil, May 17 (UPI) -- French supermajor Total said it secured awards for 10 new exploration licenses during the latest auction for Brazilian reserves.

BG Group lands LNG deal with India

READING, England, March 20 (UPI) -- India may be the third-largest importer of liquefied natural gas behind China and Japan by 2025, BG Group Chief Executive Chris Finlayson said Wednesday.

Japan extracts seabed methane gas

TOKYO, March 13 (UPI) -- Japan has extracted natural gas from methane hydrate from offshore deposits, believed to be the first country to do so.

Texas oil boom led by shale

AUSTIN, Texas, Feb. 27 (UPI) -- Production from the Eagle Ford shale play in Texas increased more than 60 percent in December when compared to last year, drillers said.

Southeast Asia key for LNG

JAKARTA, Feb. 20 (UPI) -- Southeastern Asian countries will drive demand for overall Asian liquefied natural gas demand through 2025, says a new report.

Eagle Ford may outpace Kashagan

HOUSTON, Dec. 7 (UPI) -- Investments in the Eagle Ford shale play in Texas are expected to top what's projected for the giant Kashagan field in Kazakhstan, an analysis says.

Crude prices predicted to hold above $100

SINGAPORE, Sept. 12 (UPI) -- An energy consultant told attendees at a Singapore conference Wednesday that world crude oil prices would likely hover above $100 per barrel into next year.

Chevron has bold outlook for Argentina

BUENOS AIRES, Aug. 24 (UPI) -- U.S. supermajor Chevron announced plans to drill more than 100 wells in the Vaca Muerta shale play in Argentina during the next three years.

Chevron buys iffy oil rights in Iraq

BAGHDAD, July 19 (UPI) -- U.S. oil giant Chevron said it had agreed to buy a major stake -- 80 percent -- of two oil fields in Kurdistan, an area of Iraq that Baghdad considers rogue.
China's slowdown may be deeper

China's slowdown may be deeper

BEIJING, June 23 (UPI) -- Experts studying electricity consumption in China say the economic slowdown in the country may be deeper than suspected.
Exxon Mobil to explore coal seam gas

Exxon Mobil to explore coal seam gas

CANBERRA, Australia, June 6 (UPI) -- Exxon Mobil has signed an agreement for coal seam gas exploration in Victoria, Australia.

Troubled Nigeria's oil output under threat

PORT HARCOURT, Nigeria, March 23 (UPI) -- Nigeria's oil production is under threat because of series of problems, including the theft of up to 150,000 barrels a day by militants and pirates.

Analyst: Oil finds won't affect price

LONDON, March 14 (UPI) -- Oil discoveries and advancements in exploration are easing supply concerns but it may be awhile for the market to feel the effects, advisers said.

Analyst: U.K. too dependent on Qatari LNG

LONDON, Jan. 16 (UPI) -- The British economy relies too heavily on natural gas from Qatar, where shipments are in jeopardy because of Iran's regional threat, an analyst says.

Ukraine cuts Gazprom import volumes

KIEV, Ukraine, Jan. 13 (UPI) -- Ukraine says it will unilaterally cut the volume of gas it imports from Russia's state-owned Gazprom, escalating the long-running Kiev-Moscow gas price feud.

Shale boom expected in Argentina

BUENOS AIRES, Dec. 13 (UPI) -- Argentina is expecting a shale oil and natural gas boom following speculation of a major discovery by former state monopoly YPF, an executive said.

Southeast Asia to pursue nuclear power?

SINGAPORE, Nov. 28 (UPI) -- A number of Southeast Asian nations haven't ruled out nuclear power despite safety concerns after natural disasters in Japan led to a meltdown at a nuclear power plant.

Repsol makes major oil find in Argentina

BUENOS AIRES, Nov. 8 (UPI) -- Spanish energy company Repsol YPF announced its latest find of unconventional oil reserves in Argentina represented its largest oil discovery ever.

Qatar shifts gas plan as U.S. output grows

DOHA, Qatar, Oct. 14 (UPI) -- Qatar, the world's largest exporter of liquefied natural gas, is having to rethink its sales strategy because of a recent surge in U.S. natural gas production and focus on the Far East, where demand is growing.
Energy prices flat Wednesday

Energy prices flat Wednesday

NEW YORK, Aug. 24 (UPI) -- Crude oil prices held steady in New York Wednesday, hovering above $85 per barrel with traders expecting exports from Libya to resume soon.
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