Sino Gas & Energy Holdings Limited has drilled to Total Depth, completed the electronic logging of its TB09 well and confirms the presence of gas in 4 prospective zones.
Oil & Natural Gas Corp., India’s biggest energy explorer, plans to increase spending on redeveloping its largest oilfield to stem more than two decades of decline in output.
BP Plc, the largest producer of oil and natural gas in the U.S., suspended construction of a drilling rig at its Liberty project in Alaska to “take time to evaluate the safety systems” on the rig, Steve Rinehart, a company spokesman, said in a telephone interview.
U. S. Secretary of the Interior Ken Salazar was joined today by representatives of the oil and gas industry, government agencies and environmental groups in a intended to examine best practices in hydraulic fracturing. The Secretary convened the forum with the knowledge that some 13 percent of domestically-produced natural gas comes from leases on federal lands; primarily in the states of Colorado, Montana, Utah and Wyoming.
Carrizo Oil & Gas Inc., Houston, said its first two Eagle Ford shale wells drilled from a common surface location in central La Salle County, Tex., appear to have stabilized at a combined 1,125 b/d of oil and 2 MMcfd of 1,367-btu/Mcf of gas. 
Toronto-listed Orca Exploration says it plans to drill a new well in 2011 to boost natural gas production at the Songo Songo field in Tanzania amid growing local energy demand.
Nigerian anti-corruption authorities have summoned top officials from Shell and Halliburton as part of separate investigations into alleged bribery, a spokesman said on Tuesday.
The Russian government has approved additional budget expenses for the Sakhalin-1 oil and gas project for 2010, the Energy Ministry said on Monday, without mentioning the size of the new budget.
The BP-led group in Azerbaijan plans to build a new gas pipeline boosting the country's gas export capacity to 24 billion cubic meters (bcm) from 8 bcm per year by 2017, it said on Tuesday.
The world's largest gas export monopoly, Russia's Gazprom, said on Monday it was ready to cut prices on its long-term contracts to Europe as the volume of paid for but undelivered gas mounted, Gazprom said on Monday.
A new "special relationship" between Royal Dutch Shell and Russian state gas giant Gazprom will see the two companies develop more energy projects together.
Bulgaria's Prime Minister, Boyko Borissov asked the European institutions that the figures of the bank guarantee that Bulgaria would provide for the construction of Nabucco gas pipeline would not be included in the calculations of Bulgaria's budget deficit. "If we now provide a guarantee of 2 billion euro, the budget deficit will immediately exceed 3 billion," Borissov explained at the inauguration of the Energy without Borders forum. He also said he believed the implementation of the project could be attempted at more accelerated rates. 
Sudan will add 30,000 barrels per day of crude with a new oilfield in the north, hiking its total production to 500,000 bpd, an official said on Tuesday.
Offshore deepwater drilling contractor SeaDrill Ltd. Tuesday reported higher third-quarter profit, helped by strong contract revenues and the acquisition of Scorpion Offshore Limited. However, revenues missed market estimates. Separately, the company announced the acquisition of the jack-up drilling rig Petrojack IV for about US$180 million.
Total expects to produce around 40,000 barrels of oil equivalent per day by 2013 from the second phase of operations at a North Sea field, the company said.
Statoil has awarded Bergen Group Rosenberg a contract for building and installing a compressor module on the Kvitebjørn platform in the North Sea. 
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