Reliance Industries Ltd. Wednesday cut its estimate of total proven natural gas reserves by 6.6% as it struggles with disappointing and declining output at its key D6 block in Krishna Godavari, which was intended to help it meet India’s surging demand for the fuel. Lower-than-expected output at D6 has hurt India’s gas-based power plants and [...]
An Iranian trade delegation to India sealed deals to buy shipments of rice, sugar and soybeans from the South Asian country as part of a plan for Tehran to increase trade with India to get around US financial sanctions on its oil shipments. India has been unable to pay in full for Iranian oil imports [...]
China’s first deep water oil drill is ready to start production in the South China Sea amid a continuing standoff with the Philippines in another section of the contested waters. The official Xinhua News Agency says China National Offshore Oil Corp.’s rig will start operations Wednesday in an area 320 kilometres (200 miles) southeast of [...]
Resisting US pressure to further scale down oil imports from sanction-hit Iran, India on Tuesday made it clear that it has to look at the issue involved beyond the energy trade as it has ‘vital’ security stakes in the Gulf region. After talks with US Secretary of State Hillary Clinton during which she asked India [...]
Japanese and Russian officials are exploring the possibility of building a natural gas pipeline to ensure Japan’s energy security, a Gazprom official said. Gazprom Deputy Chairman Alexander Medvedev met with a parliamentary delegation from Japan in Moscow. Representatives discussed prospects for liquefied natural gas from the Sakhalin plant on the east coast of Russia. In addition, [...]
The U.S. is prioritizing China’s development of shale gas in discussions relating to energy at an upcoming bilateral summit, as it views the unconventional fuel as vital for securing China’s energy security, reducing carbon emissions and freeing up gas for global markets, the head of the U.S. Energy Resources Bureau said Tuesday. U.S. Ambassador Carlos [...]
Japan’s Mitsui & Co and Mitsubishi Corp will jointly buy a 14.7 percent stake in an Australian LNG project from Woodside Petroleum for $2 billion, underscoring Japan’s demand for gas in the face of a drastically reduced nuclear power generating capacity. Japan, the world’s largest liquefied natural gas (LNG) importer, is racing to secure [...]
Royal Dutch Shell PLC has signed the first-ever production-sharing contract to explore, develop and produce shale gas in China, a move that fits in with China’s overall strategy to bring technical and operational know-how to the development of its untapped reserves of the unconventional fuel. Although Shell didn’t specify contract details in a statement Tuesday, [...]
© 2012 Nogtec Oil and Gas News. All Rights Reserved | Designed by Rabia Designs
Follow Nogtec On