China is not the only country that is testing ‘fire ice’ deposits discovered in their waters.
Read More »Japan and China Starts Extracting Heavy Crude from Canadian Sands Project
CNOOC has a 25 interest in the steam injection scheme. which aims to produce 20.000 barrels a day by late 2018.
Read More »ExxonMobil Discovers Additional Oil in Guyanese Offshore Field
Other stakeholders in the Stabroek Block are Hess Guyana Exploration which has a stake of 30% and CNOOC Nexen Petroleum Guyana which holds the remaining stake of 25%.
Read More »Tanzania and Uganda Deal for World`s Longest Heated Pipeline
Uganda estimates overall crude reserves at 6.5 billion barrels. while recoverable reserves are seen at between 1.4billion and 1.7 billion barrels.
Read More »Asian Energy Firms Sink as OPEC Output Deal Disappoints
The final decision sent both main oil contracts plunging Thursday. which in turn dragged energy firms lower.
Read More »China`s Oil Giants Commit to Investment Boost
Sinopec said it'.s moving forward with 110 billion yuan in new spending this year.
Read More »East Asian Companies Briefed on Iran Petroleum Contract
NIOC says a second list of qualified companies will be made available soon.
Read More »Iran Welcomes Russia in Europe Gas Transfer Plan
Russian companies have indicated interest in Iran’s gas development projects.
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