published Thu, January 12, 2012

Upstreamonline

News from Upstreamonline

  • Brent set for third weekly loss

    Brent crude held steady above $107 per barrel on Friday, but prices were headed for a third straight weekly drop as a worsening euro zone crisis and weak US economic data raised fears of a global...

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  • Inpex starts onshore work

    Australian PM attends Blaydin Point ceremony

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  • PTTEP pushing for development of M-3

    Thailand’s PTTEP is set to embark on early engineering studies on a planned development of its gas reserves in Block M-3 in the Gulf of Mataban off Burma.

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  • Study puts Galoc life at five years

    A new estimate of the Galoc oilfield by Otto Energy has put at five years the proved and probable reserves life of two production wells, following an annual study.

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  • Beach finds thick Cooper seam

    Beach Energy’s Davenport 1 unconventional evaluation well has found a 45 metre thick coal seam, well over pre-drill expectations for the well, in the south of the Cooper basin in South Australia.

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  • Canada oil sands output seen beating projections

    Production in the Canadian oil sands is likely to increase at a much faster clip than the industry currently projects, an analyst said, putting more pressure on pipeline companies to vastly expand...

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  • Spitsbergen to extend Norway stay

    Transocean’s Spitsbergen semisubmersible will extend its work contract in Norway through July 2015 and get a boost on its dayrate, the rig contractor said Thursday.

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  • NYC official urges 'no' vote on Chesapeake directors

    New York City Comptroller John Liu, the city's fiscal watchdog, on Thursday urged shareholders of Chesapeake Energy to withhold support for two directors up for re-election, citing the company's...

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  • YPF investor in loan default, could lose stake

    Credit Suisse Group, BNP Paribas and two other banks may take over a stake in YPF, Argentina’s largest oil company, after shareholder Petersen Energia defaulted on a loan.

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  • India approves plan for Turkmenistan gas imports

    India's cabinet on Thursday allowed state-run gas-firm GAIL (India) to sign a gas purchase agreement with Turkmenistan's national oil firm, for supplies from a planned multi-national pipeline, a...

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