The anti-corruption group Transparency International rated more than 40 energy companies on how much they disclose about where they get their revenue, how much they pay host governments and how they operate.
The survey gave low grades to Exxon Mobil but praised Shell and Petrobras.
Royal Dutch Shell PLC, Brazil’s Petrobras, Norway’s StatoilHydro ASA and Petro-Canada are [...]
China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10.
While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, [...]
Iran’s Pars Oil and Gas Company (POGC) and the National Iranian Drilling Company (NIDC) on Saturday signed a drilling deal on the North Pars (NP) gas field, MNA reported.
The companies inked a five-year contract on drilling activities at the North Pars gas field, 120 km southeast of Bushehr, southern Iran.
Under contract, the NIDC [...]
Two Iranian companies are to sign a contract on drilling operations at Iran?s southern North Pars (NP) gas field, the Mehr News Agency reported.
The Pars Oil and Gas Company (POGC), the Iranian company in charge of the development of the North Pars gas field is to sign a drilling contract with the National Iranian Drilling [...]
Two Iranian companies are to sign a contract on drilling operations at Iran’s southern North Pars (NP) gas field tomorrow, the Mehr News Agency reported on Friday.
The Pars Oil and Gas Company (POGC), the Iranian company in charge of the development of the North Pars gas field is to sign a drilling contract with the [...]
Heavy drilling equipment that was used in off-shore oil drilling by Australia’s Woodside Energy off the Lamu Coast was on Friday loaded into a cargo freighter at the Moi Airport, Mombasa.
The aircraft was scheduled to fly out of Mombasa and head to Perth, the head office of oil exploration company, Woodside Energy.
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Equipment to be used in prospective oil drilling off the Lamu Coast has arrived at Mombasa Port.
MV Thor Hanne, a general cargo vessel, docked in at the port after arriving from Singapore on Thursday. Equipment from the ship will be stored at a supply base for the oil drilling rig, called Chikyu, which is expected [...]
Husky, controlled by Hong Kong billionaire Li Ka-shing, said on Wednesday the well could contain 4-6 trillion cubic feet (113.3 billion to 169.9 billion cu m) of recoverable resources, a form of preliminary estimate.
Merrill Lynch called it new evidence of terrific potential of offshore China.
In comparison, China’s largest-ever onshore gas discovery, according to second-largest oil [...]
Canada’s Husky Energy Inc has discovered a significant deepwater gas reserve with its Chinese partner, China National Offshore Oil Corp (CNOOC), in the South China Sea near Hong Kong.
Based on preliminary analysis of drilling results, the discovery could contain a potential recoverable resource of four to six trillion cubic feet (120 billion to 180 billion [...]
