Shell signs new offshore upstream deals with CNOOC and CNPC; China and Gabon

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Shell has also entered an agreement with CNOOC for its participation in two Shell exploration blocks offshore Gabon, West Africa. In Gabon, CNOOC will acquire a 25% participating interest in offshore exploration blocks BC9 and BCD10. Moreover, we are very pleased to have entered the farm-out agreement with CNOOC in Gabon.

Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

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Sasol continues to advance upstream oil and gas activities in Mozambique, Nigeria, Gabon, Australia, Papua New Guinea, Canada and South Africa. South African energy and chemicals group Sasol today announced that it has chosen the southwestern region of the State of Louisiana as the site for a planned gas-to-liquids (GTL) facility. Sasol will embark on a feasibility study to evaluate the viability of a GTL venture in Calcasieu Parish, Louisiana, over the next 18 months.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

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Elsewhere in West Africa, Angola, Equatorial Guinea, Gabon, Congo and Cameroon collectively waste about 10 billion cubic meters of natural gas every year. Gas-flaring countries and trends. Click to enlarge. A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue.

Eni reports important new discovery offshore Congo

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Eni has been present in Sub-Saharan Africa since the 1960s and currently participates in exploration and production projects in Angola, Congo, Ghana, Gabon, Mozambique, Nigeria, Democratic Republic of Congo, Kenya and Liberia. Eni reports making an important new exploration discovery in the Marine XII Block located approximately 17 kilometers (10.6 miles) offshore Congo.

Cobalt and Total announce significant North Platte deepwater Gulf of Mexico discovery

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an independent oil exploration and production company focusing on the deepwater US Gulf of Mexico and offshore Angola and Gabon, announced a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico. Cobalt International Energy, Inc.,