Dover to spin off upstream O&G unit

December 11, 2017 0

Diversified manufacturing conglomerate Dover Corp. said last week it plans to spin off its upstream oil and gas businesses into a new publicly traded company.

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Sinopec to develop Shunbei oil & gas field

November 22, 2017 0

China Petroleum & Chemical Corp. (Sinopec) said on Tuesday it has approved development plans for its Shunbei onshore oil and gas field, in the country’s northwest region, with commercial production expected by 2020.

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Oversupply has ‘fundamentally changed’ natgas market

November 16, 2017 0

A global liquefied natural gas (LNG) supply glut may soon be offset by rapid demand growth, Peter Botten, CEO of Oil Search, the  largest oil and gas exploration and development company incorporated in Papua New Guinea, said Wednesday.

 

 

 

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U.S. shale to shake up energy’s established order: IEA

November 15, 2017 0

The International Energy Agency (IEA) said on Tuesday the U.S. shale oil and gas revolution will change the energy system in the next two decades, with the country becoming the world’s largest liquefied natural gas (LNG) exporter by mid-2020s, Kallanish Energy reports.

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Chevron Canada to proceed with first Canadian shale project

November 8, 2017 0

Chevron Canada has announced its intention of developing 55,000 acres in the liquids-rich East Kaybob Duvernay area of west-central Alberta. It is the first Canadian shale project advanced by Chevron Canada, a subsidiary of oil giant Chevron, Kallanish Energy reports.

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