Europe, Middle East and Africa Oil and Gas Correspondent
Tom's Feed
Dec 7, 2011

China shale gas boom could surpass U.S. – Sinopec

DOHA, Dec 7 (Reuters) – China is set for a shale gas
revolution which will surpass that seen in the United States,
the chairman of Sinopec, the country’s second-largest oil
company, said a day after Reuters revealed Royal Dutch Shell Plc
had begun shale gas production in China.

Fu Chengyu, chairman of state-controlled China Petroleum &
Chemical Corp (Sinopec) , said it
could take five to 10 years but that China’s output would exceed
that of the United States.

Dec 6, 2011

Shell strikes shale gas in China

DOHA, Dec 6 (Reuters) – Royal Dutch Shell Plc has
found shale gas in China, a development that could cap imports
in a market natural gas producers are hoping will drive demand.

An official with Shell’s partner, PetroChina, a
unit of the country’s top energy group, state-owned CNPC, said
drilling results from two wells Shell drilled had been positive.

Dec 6, 2011

AMEC CEO says may not be right time to hike dividend

DOHA (Reuters) – The Chief Executive of AMEC Plc (AMEC.L: Quote, Profile, Research) said global economic weakness means the British engineering group may be better off preserving cash rather than hiking the dividend, as some analysts have predicted it would do.

AMEC, which provides engineering and construction services to the energy industry, is riding high in part due to the boom of oil and gas investment prompted by strong prices.

Dec 6, 2011

Exclusive: Shell strikes shale gas in China

DOHA (Reuters) – Royal Dutch Shell Plc has found shale gas in China, a development that could cap imports in a market natural gas producers are hoping will drive demand.

An official with Shell’s partner, PetroChina (601857.SS: Quote, Profile, Research, Stock Buzz), a unit of the country’s top energy group, state-owned CNPC, said drilling results from two wells Shell drilled had been positive.

Nov 28, 2011

Anadarko ups Mozambique gas reserves again

LONDON, Nov 28 (Reuters) – U.S. oil company Anadarko
Petroleum said its major gas finds offshore Mozambique
were around twice as large as it earlier thought, adding support
to hopes that East Africa will become another major gas
production centre.

Anadarko said on Monday that the results of its
Barquentine-3 appraisal well showed its fields had recoverable
reserves of 15 to over 30 trillion cubic feet (Tcf) of natural
gas — compared to total UK gas reserves of 9 Tcf, according to
the BP Statistical Review of World Energy.

Nov 23, 2011

Corrected: Exclusive: BP gags lawyer on oil spill lawsuit

LONDON (Reuters) – Oil giant BP has succeeded in preventing the public airing of comments from a senior in-house lawyer about lawsuits stemming from the Gulf of Mexico oil spill, as part of a legal claim of discrimination.

John Skipper told a British employment tribunal on Wednesday that he had been passed over for promotion because he was over 50 years of age, and that his case highlighted a culture of ageism at BP.

Nov 23, 2011

Exclusive – BP gags in-house lawyer on oil spill lawsuits

LONDON (Reuters) – Oil giant BP has succeeded in preventing the public airing of comments from a former senior in-house lawyer about lawsuits stemming from the Gulf of Mexico oil spill, as part of an unfair dismissals action.

John Skipper told a British employment tribunal on Wednesday that he had been passed over for promotion because he was over 50 years of age, and that his case highlighted a culture of ageism at BP.

Nov 21, 2011

Hayward vehicle completes Iraq buy, shares flat

LONDON, Nov 21 (Reuters) – The bid vehicle of former
BP Plc Chief Executive Tony Hayward and financier
Nathaniel Rothschild completed its controversial $2
billion acquisition of Kurdistan-focused Genel Energy on Monday.

An expected rise in shares of the group, previously known as
Vallares and now known as Genel Energry Plc, failed to
materialise. The stock traded up less than 1.0 percent at 1000
pence at 0805 GMT, ahead of a 0.8 percent drop in the STOXX
Europe 600 Oil and Gas index.

Nov 18, 2011

Statoil buys into Tullow’s Suriname block

LONDON, Nov 18 (Reuters) – Norway’s Statoil
has agreed to buy a stake in an exploration block offshore
Suriname from Tullow Oil, adding to the list of
international oil companies entering what industry sources say
could be a major new production province in South America.

Statoil is to buy a 30 percent interest in block 47, on
undisclosed terms, joining Royal Dutch Shell Plc and
France’s Total as an investor in a region Tullow calls
“the Guyanas trend”.

Nov 17, 2011

Kurd, Baghdad oil officials meet on Exxon spat

LONDON, Nov 17 (Reuters) – The most senior energy
officials from the Kurdish region of Iraq and from the central
government were due to meet on Thursday to try and resolve a
spat over a major oil deal involving U.S. oil major Exxon Mobil
.

Kurdish Regional Government Natural Resources Minister Ashti
Hawrami and Iraqi Deputy Prime Minister with responsibility for
energy, Hussain al-Shahristani, were due to meet at the
sidelines of a conference in Turkey, a source familiar with the
matter said.

    • About Tom

      "Tom leads our coverage of the oil and gas industry in Europe, the Middle East and Africa and is also author of 'Spills & Spin: The Inside Story of BP'. A former oil broker who turned to journalism 12 years ago, he is regularly interviewed on CNBC and other TV and radio stations on energy matters. Tom has reported from over twenty countries including Iran, Iraq, India, Pakistan, Tanzania, the U.S. and Russia. As Europe, Middle East and Africa Oil & Gas Correspondent, he has chartered the rise in oil prices to record levels, interviewed oil ministers and the CEOs of ..."
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