CNOOC Limited announced today that the Company received a report from ConocoPhillips China Inc. ("COPC"), the Operator of Penglai 19-3 oilfield, stating that a small amount of oil leaked to the sea when the safety device of a hose coupling automatically parted due to the abnormality during the oil transfer under fluid discharge and depressurization operation late night on June 3, 2012.
The Technology Center set up by Clariant Oil Services, a global leader in the provision of customized specialty chemicals and related services for the oil and gas industry worldwide, will reinforce the company's activities aimed at generating the research and development of solutions to help the sector overcome the countless challenges of new exploratory frontiers in deep waters.
The plan for development and operation (PDO) of the Bøyla field has been submitted by the Bøyla partners and Lundin Petroleum AB. The latter submitted the plan through its sister company, Lundin Norway AS. The Bøyla field is situated in block 24/9 in the Norwegian sector of the North Sea about 28 km south of the Alvheim Field.
As Iraq starts to recover after civil unrest now is the time for the international community to understand the current issues which will help mould the country's future through investment. At the Pre-Forum Executive Briefing of the Caspian Gas Forum, the UKTI in partnership with Gastech Specialist Events will focus on the current business landscape and how achievable it will be for the oil and gas production targets to be met.
Eco (Atlantic) Oil & Gas Ltd. is pleased to announce that Namibia's Minister of Mines and Energy has approved today, the assignment pursuant to the Farm-out Agreement with Azimuth Ltd. ("Azimuth") of Hamilton, Bermuda, an exploration and production company backed by majority-owner Seacrest Capital Ltd. and Petroleum Geo-Services ASA ("PGS"), (Farm-Out Agreement announced on April 12, 2012).
Research has been conducted for over 10 years on Norwegian Oil recovery and that has provided a significant knowledge.base.
The Chilean National Energy Commission (CNE) has decided to switch its data provider for energy markets to leading energy and commodity price reporting agency Argus. The CNE will use Argus for all of its crude oil, petroleum products, biofuels, LPG and freight information from 23 May 2012.
EnerJex Resources, Inc., a domestic onshore oil company, announced today that it has completed 7 new oil wells and 1 new secondary recovery water injection well in its Mississippian Project located in Southeast Kansas. Year-to-date, the Company has drilled 12 new oil wells and 1 new injection well with a 100% success rate. Nine of the 12 new oil wells have begun producing and the remaining wells are expected to be placed online in the near term.
This month, Energy Digital discusses Wavefront Technology Solutions' revolutionary PowerWave technology and its potential to increase oil supplies in the US more than proposals for the pursuit of oil sands.
ESAI Energy forecasts a growing gasoline glut in the Atlantic Basin, which will pressure gasoline prices for the next several years. This bearish view is a marked shift from the uncertainty about gasoline supply to the East Coast just a few months ago.
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