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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.
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Photos
Wood Mackenzie
WPC2000061802 - 17 JUNE 2000 - CALGARY, AB, CANADA: A Chinese delegate talks to a representative of the U.K.'s Wood Mackenzie exhibit booth at the 16th World Petroleum Congress in downtown Calgary, June 15. Wood Mackenzie provides invaluable commercial analysis and strategic advice to the worlds leading energy companies, covering upstream oil and gas, oil refining and marketing, downstream gas and power generation. mc/hr/H. Ruckemann UPI
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