release time: 2018 - 07 - 11
At the recent World Gas Conference in Washington, the U.S. reinforced the fundamental importance of countries and regions employing a diverse combination of fuels, source countries, and delivery routes to enhance their energy security.At the conference, U.S. officials underscored the strong U.S. opposition to Russian-led pipelines like Nord Stream 2 and the second line of TurkStream that would exacerbate Europe's dependence on Russian-sourced energy.Pipelines are seen at a gas border delivery station of pipeline operator Eustream in the eastern Slovak. By contrast, said State Department spokesperson Heather Nauert, “the United States commends the historic progress being made on the Southern Gas Corridor in Azerbaijan and Turkey, which could bring Caspian gas from Azerbaijan to cou...
release time: 2018 - 07 - 08
CNOOC begins work on ultra-deep Lingshui 17-2 in the South China SeaConstruction of China's first self-supporting deepwater gas field has started in order to further tap oil and gas resources in the South China Sea and meet huge domestic gas demand, according to China National Offshore Oil Corporation, the nation's largest producer of offshore oil and gas.This is the latest move by CNOOC, which is strengthening its presence in the area, after it formed a partnership with Australia-based Roc Oil Co and British Virgin Islands-registered Smart Oil Investment to jointly develop oil blocks in the South China Sea.The company also signed a similar agreement in May with Canada's Husky Energy, after putting 38 offshore blocks up for bidding to seek overseas partners for joint developmen...
release time: 2018 - 07 - 19
Advanced seismic survey technologies will provide detailed image of subsurface, as ADNOC continues to unlock new opportunitiesThe agreement was signed by Abdulmunim Al Kindy, ADNOC’s Upstream Director, and Gou Liang, President of BGPThe Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.6bn) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 square kilometres, as the company continues to identify and unlock new opportunities and maximize value from its hydrocarbon resources and deliver on its 2030 smart growth strategy.Adding to the 2D and 3D seismic data already acquired across Abu Dhabi, the new seismic survey will cover an area of up to 30,000 km2 offshore and 23,000 km2 onshore. The contract has bee...
release time: 2018 - 06 - 25
China's oil major CNPC is planning to take over Total's participation in Iran's South Pars natural gas project, according to media reports on Monday.The French oil company is seen as likely to pull out from the project after US President Donald Trump announced the US will abandon the Iran nuclear deal, domestic news website reported.Total has a 50.1 percent stake in the South Pars field, the largest natural gas field in the world, with estimated reserves worth $2.9 trillion. CNPC holds 30 percent and Iran's PetroPars has 19.9 percent.The deal signed last year gives CNPC the option to acquire Total's stake in case of a pullout.
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