Archive for 'Oil and gas'

The launch of the EMFG forum could boost the exploration, development and export of hydrocarbons from the East Mediterranean to Europe, increasing the EU’s energy security.

Eastern Mediterranean countries have agreed to create a regional gas market in an effort to transform their part of the Mediterranean into a major energy hub.

Egypt, Cyprus, Greece, Italy, Israel, Jordan, and the Palestinian Territories founded on January 14 a forum to ensure supply and demand, cut infrastructure costs and offer competitive prices.

The East Med ...

ExxonMobil Corp. is to launch a Vaca Muerta pilot project that could lead to a staged development of about 300 horizontal wells with an estimated production of 11 million cu m/day once completed.

Argentina’s Neuquen province has approved the company’s 35-year development for Los Toldos I South Block 85 km northwest of Anelo and 175 km northwest of Neuquen City. Initial project investment is $200 million, said ExxonMobil Exploration Argentina SRL (EMEA), which will operate the block with 80% interest. Gas ...

Duet Group December 19 said its 100% subsidiary, DBP Development Group, will build the largest gas storage facility, Tubridgi gas storage facility, in Western Australia. The facility will utilise the depleted Tubridgi onshore gas reservoir, about 30 km from Onslow in the north west of Western Australia. It will be near the Chevron-operated Wheatstone and BHP-operated Macedon domestic gas production facilities and will be connected to compressor station 2 on the Dampier to Bunbury gas pipeline via existing gas ...

A small company just announced that it has made a

Sunoco Logistics Partners LP has expanded its presence in the Permian Basin production area. The company and the Vitol Group announced Sept. 26 that Sunoco Logistics will acquire Vitol