Drilling activity and spending will significantly increase in global deepwater markets over the next decade, according to a study from Wood Mackenzie. The « Future of Global Deepwater Markets » study indicates well spend is expected to rise from US$43 billion in 2012 to US$114 billion in 2022.
Continue Reading ?Jul 30, 2013 The latest discovery of oil and natural gas reserves offshore China proves the area is prolific for energy explorers, China National Offshore Oil Corp. said. CNOOC announced it made two new exploration discoveries in the Bohai Bay off the Chinese coast. The company said drilling operations at the Bozhong 8-4 and Kenli 10-4 wells encountered a combined 311 feet worth of oil reservoir and 36 feet of natural gas layer. « The successful discovery ...
Continue Reading ?Jul 28, 2013 China says it has switched on a new pipeline bringing natural gas from Burma. It
Continue Reading ?Jul 25, 2013 Sudan has agreed to delay closing an economically vital pipeline carrying South Sudanese oil, the Ethiopian foreign ministry said on Friday.
Continue Reading ?Jul 22, 2013 Suncor Energy Inc. and other Canadian oil stocks have risen twice as much as global competitors after the country
Continue Reading ?Jul 20, 2013 A pipeline explosion that injured seven people and sent flames and smoke shooting hundreds of feet into the air in central Mexico was caused by illegal tapping, Mexico’s state-owned oil company said. The pre-dawn explosion in a farm field injured four police officers and three firefighters among those called to the scene by a report of an oil leak, the state prosecutor’s office said. Petroleos Mexicanos, or Pemex, issued a statement on its Twitter ...
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