TNK-BP informs that OJSC Orenburgneft (a TNK-BP Group company) produced 3.4 bcm of gas in 2012, which is 26% more than in 2011.
2012 Organic Reserve Replacement of 156 Percent
CNOOC Limited released January 30 a summary of the Company’s business strategy and development plan for the year 2013.
Aker Solutions has been awarded the second call-off project under the Sleipner Modification Portfolio Agreement, involving the tie-in of gas production from Dagny. Contract value is NOK 650 million and the work will commence immediately.
Prime reports that Russian state-run oil company Zarubezhneft may participate in brownfield oil development in Venezuela jointly with Rosneft, Rosneft CEO Igor Sechin told reporters Wednesday.
Ukraine's government is open to raising gas prices for some consumers, the country's foreign minister said Wednesday, in comments signaling that one of the major stumbling blocks to a new International Monetary Fund loan deal could be removed, Dow Jones reports.
Dow Jones reports that German utility E.ON AG warned Wednesday that its business will remain under intense pressure in the coming years as a weak European economy continues to drag down energy demand and prices.
According to a report by Dow Jones, Russian oil and gas giant OAO Gazprom Wednesday was selling a longer-dated bond as part of its two-tranche deal, taking advantage of demand among investors for new corporate bonds from the country.
Petroleum Africa reports that Edgo Energy, the exploration unit of Jordan's Edgo, has relinquished its license in Kenya, citing technical difficulties in drilling. The company held a stake in Kenya’s deepwater Block L26.
ChinaScope Financial reports that according to the report released by China National Petroleum Corporation (CNPC) Economics & Technology Research Institute yesterday, China’s oil demand for 2013 is expected to reach 514 million metric tons, up 4.8 percent year-on-yea