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Proven reserves
Definition Proven reserves is an industry term that means oil or gas that has been discovered and could be produced with today’s technology. Comments The world consumes about 89 million barrels of oil...
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Novatek and Total Yamal LNG in good progress
EDF reported to join Novatek and Total in Yamal LNG EDF may join OAO Novatek (Novatek) and Total in Yamal LNG since the project has been declared of national interest by the Russian authorities for...
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GDF Suez awards $2.2 billion Cygnus detailed design to AMEC
GDF Suez, Centrica and Bayerngas sanction Cygnus development GDF Suez and its partners Centrica and Bayerngas awarded the detailed design contract to AMEC for the development of the Cygnus natural...
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Recoverable Reserves
Definition Recoverable reserves are defined as the proportion of resources, here oil and gas, that can be technically, economically and legally possible to extract. The recoverable reserves may also...
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Shell, Nexus and Osaka set joint venture for Crux LNG and NGL
Shell, Nexus and Osaka to speed up Crux development Shell, Nexus Energy Ltd (Nexus) from Australia, and Osaka Gas Corp. Ltd (Osaka) have decided to merge their previous respective interests in Crux gas...
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Tullow nears development decision on Namibia Kudu Gas-To-Power
After years delay Tullow wants Kudu money back After years of uncertainty and delays, the London-based Tullow Oil plc (Tullow) and its partners, Itochu Corporation (Itochu) from Japan and the National...
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ExxonMobil, BP, ConocoPhillips and TransCanada shape Alaska SC LNG
Kenai Peninsula selected to host Alaska SC LNG Trains The super major companies ExxonMobil, BP, ConocoPhillips and TransCanada have selected Nikiski on the Kenai Peninsula in South Central Alaska to...
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