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Upstream News

Global coverage of exploration and production, field development, shale, fracking and other upstream sector developments

29th March 2012

Rights to almost half of the 16 oil blocks available for exploration in India have been awarded to state-owned local companies, a government statement showed this week.The cabinet published a statement on...
28th March 2012

Uganda is likely to auction four blocks for oil exploration early next year, the chairman of the Uganda Chamber of Mines and Petroleum told an energy conference on Wednesday.London-listed Tullow Oil, which...
28th March 2012

A shale-rich basin northeast of Ohio has been leased by BP as part of a bid to expand its onshore gas portfolio. The Utica/Point Pleasant is a relatively new and promising shale basin which could...
27th March 2012

China Petroleum & Chemical Corp, will continue to invest overseas in unconventional natural gas and oil to boost its output and offset losses in its refining operations, China Daily reported on 27 March...
26th March 2012

A fourth gas discovery has been found in a well offshore southern Tanzania, UK oil and gas company, BG Group announced on 26 March.Recoverable resources could be in the range of 2.5 to 4.4 tr cubic feet (...
26th March 2012

The Indian government has given the green light to exploration in 16 of its oil and gas blocks and rejected bids for 14, according to a cabinet statement on 23 March.Auctions opened in March for 34 blocks...
23rd March 2012

Gas can provide India with a relatively reliable energy resource as demand rises sharply in the next two decades, International Energy Agency (IEA) Executive Director Maria van der Hoeven said at an event...
23rd March 2012

India has opened bidding for shale gas exploration by 2014, confirmed the country’s prime minister, Manmohan Singh. India joins the US, Canada and China in the race to open access to the...
23rd March 2012

Norwegian energy giant, Statoil, has made a small oil discovery in the North Sea. Recoverable oil could be in the range of 12-18m barrels of recoverable oil equivalents, said the company on 22 March.Statoil...
22nd March 2012

The UK government has agreed BP can begin deepwater drilling in the North Uist well, off the Shetland Islands. The announcement comes a day after the UK government pledged GBP 3bn in fresh allowances for...

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