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GECF: more than a quarter of 2050 natural gas supply untapped

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Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. According to Sentyurin, around 80% of the natural gas production by mid-century will stem from new projects, highlighting the importance of continued investment in upstream. —Secretary General Sentyurin.

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ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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It will also establish fast transportation links connecting Astana and Aktobe with the major oil and mineral–rich city of Atyrau, and the country’s only international commercial seaport in Aktau.

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BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

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BP also confirmed the recently-announced Pitu oil discovery in the frontier deepwater of the Potiguar basin off Brazil’s equatorial margin, announced by Petrobras. billion barrels of oil equivalent, according to Cobalt. The discovery well encountered both a high liquids content gas interval and an oil interval. Click to enlarge.

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BP and Maersk collaborating to develop next-generation offshore drilling rigs for Project 20K

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BP and Maersk Drilling will collaborate to develop conceptual engineering designs for a new breed of advanced technology offshore drilling rigs that will unlock the next frontier of deepwater oil and gas resources. BP also sees potential applications for the technology in Egypt, Azerbaijan and other deepwater basins around the world.

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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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EIA projects that world oil consumption will grow by 1.5 This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. US crude oil production averaged 5.32 per gallon in 2009 to $2.84

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