•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Indonesia awards second shale gas block

    Indonesia has awarded its second shale gas exploration block to a consortium of foreign oil firms that included New Zealand Oil & Gas Ltd., according to Reuters.

    The New Zealand company, along with Canada's Bukit Energy and Pacific Oil & Gas Ltd. in Hong Kong, won the tender to explore the Kisaran block in North Sumatra.

    Reuters said that the consortium agreed to commit more than $11.5 million, which will go toward conducting a geology and geophysics study, a seismic survey, and at least one exploration well.

     

    Related Articles

    Oilfield equipment rental market worth $53.7B by 2019

    09/02/2014 The market study "Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds...

    Transformational technology

    08/11/2014

    Unconventional resources have transformed the North American oil and gas industry and have enabled the United States to get closer than ever to energy self-sufficiency.

    Embattled Brent

    08/11/2014

    Uneasy is the head that wears the crown. This phrase - famously penned by William Shakespeare for the play Henry IV - is surprisingly relevant when discussing today's crude oil markets.

    Shale advances in several countries

    07/18/2014 By 2019, tight oil supply outside the United States could reach 650,000 barrels per day, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, according to a ne...

    Permian gearing up for increased output

    07/18/2014

    The use of horizontal rigs and hydraulic fracturing technology has revived the Permian Basin.

    More Oil & Gas Financial Articles

    Oilfield equipment rental market worth $53.7B by 2019

    Tue, Sep 2, 2014

    The market study "Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds), Fishing Equipment and Other Equipment – Global Trends and Forecasts to 2019" published by MarketsandMarkets, defines and segments the market with regional forecast and segment revenue estimates through to 2019.

    Transformational technology

    Mon, Aug 11, 2014

    Unconventional resources have transformed the North American oil and gas industry and have enabled the United States to get closer than ever to energy self-sufficiency.

    Embattled Brent

    Mon, Aug 11, 2014

    Uneasy is the head that wears the crown. This phrase - famously penned by William Shakespeare for the play Henry IV - is surprisingly relevant when discussing today's crude oil markets.

    Shale advances in several countries

    Fri, Jul 18, 2014

    By 2019, tight oil supply outside the United States could reach 650,000 barrels per day, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, according to a new report from the International Energy Agency dated June 17.

    Permian gearing up for increased output

    Fri, Jul 18, 2014

    The use of horizontal rigs and hydraulic fracturing technology has revived the Permian Basin.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ