Oil and Gas Industry Latest News

15.03.2013 Eni Releases 2013-2016 Strategic Plan

Paolo Scaroni, CEO of Eni, today presents the company’s 2013-2016 Strategic Plan to the financial community.

E&P: exceptional growth opportunities
> 4% hydrocarbon production CAGR to 2016, >3% 2016-2022

15.03.2013 Eni Sells 20% Share of Area 4 in Mozambique to CNPC and Signs Joint Study Agreement for Development of Rongchang Shale Gas Block in China

CNPC's entrance into Area 4 is strategically important for the project thanks to the worldwide relevance of the new partner in the upstream and downstream sectors.

15.03.2013 Rosneft Gets License for Yuzhno–Kuchansk Oil Deposit in Krasnodar

Oil major Rosneft has received a license for the geological exploration of the Yuzhno–Kuchansk oil deposit in the Krasnodar Region in the south of Russia, the company said on Thursday, Prime reports.

The license will expire on March 12, 2018.

15.03.2013 Russia’s Novatek Wins Tender for Yamal Field with 3 Billion Ruble Bid

Prime reports that the Russian gas company Novatek has won a license for the exploration and development of the Vostochno-Tazovskoye Deposit located in the Yamalo-Nenets Autonomous District in Western Siberia with a bid of 3.19 billion rubles, the Federal Mineral Resourc

15.03.2013 Korea Gas' 2012 LNG Imports Rise 2.9% to 34.97 Million Tons as Profits Increase

Platts reports that South Korea's state-run Korea Gas Corp, the world's largest buyer of LNG, said Thursday it imported 34.97 million mt of LNG in 2012, up 2.9% from a year earlier.

15.03.2013 CNOOC Expands LNG Facility in Fujian

ChinaScope Financial reports that China National Offshore Oil Corporation (CNOOC), parent of CNOOC Ltd.

15.03.2013 Gazprom Explores Gas Ties With China

UPI reports that Gazprom is working on technical parameters of a pipeline to deliver natural gas to the Chinese market, company Chairman Alexei Miller said.

15.03.2013 Oilmen See Security Problems in Africa

UPI reports that international oil company chiefs gathered at a recent energy conference in Algiers hailed the protection Algeria's security forces provide the country's vital energy facilities, despite the January attack at a natural gas complex.

15.03.2013 Russia's Novatek Wins License for Arctic Gas Field

Russia's second-largest gas producer Novatek said on Thursday its subsidiary had won an exploration and production license for an Arctic gas field, in line with plans to increase its resource base, Reuters reports.

15.03.2013 Brazil President Signs Oil Royalty Law, Legal Challenge Expected

Reuters reports that Brazil's President Dilma Rousseff signed into law on Thursday a bill stripping oil-producing states of billions in royalty earnings to share them with non-producing regions, but a legal challenge is expected to the hotly-contested change.