PETROVIETNAM is pushing forward aggressively with development of the large Hai Thach and Moc Tinh gas project off Vietnam’s south-east coast that it took over last year from supermajor BP.
IT HAS taken 12 long years, but drilling for oil is set to resume any day now off the remote, windy Falkland Islands in the South Atlantic.
US President Barack Obama is seeking to repeal billions of dollars in tax incentives for the domestic oil and gas industry as part of the $3.8 trillion budget for 2011 he handed over to Congress this week.
A representative of the Gazprom-led Shtokman Development acknowledged this week that the company is trying to keep the weight of the floating production unit for the Shtokman gas field “under control” — one of the reasons the timeline for the development project has come under pressure.
US independent Anadarko may be looking to fast track the development of its Lucius discovery in the deep-water Gulf of Mexico in concert with the adjacent ExxonMobil-led Hadrian find and the undrilled Phobos prospect to the south.
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End of an era: for gas flaring
Russia has delayed its plan to reduce gas flaring to 5% by three years to 2014, Russia's Natural Resources Minister Yuri Trutnev said.
Both the Energy & Natural Resources ministries have decided to postpone the target, Trutnev told Reuters.
Prime Minister Vladimir Putin had previously set a 2011 deadline. Russia has said it flares nearly $13 billion of gas each year.
| BP exec warns of global gas shift |
| Hyundai lifts Goliat floater job |
| Seismic player sounds out Falklands |
| Dubai ‘finds new offshore field’ |
| Ghana lays down Jubilee law |
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