Venezuela’s government signed a natural gas contract on Friday with the Spanish company Repsol-YPF and Italy’s Eni SpA that will allow for the development of vast hydrocarbons reserves of the Perla field. The Perla super-giant field, which contains over 16.3 trillion cubic feet of gas in place, equivalent to approximately 3 billion barrels of oil, [...]
Russian gas giant Gazprom has received a green signal from Venezuelan President Hugo Chavez to help the South American nation evaluate the Robalo accumulation in the Gulf of Venezuela. The agreement (between Gazprom and Venezuela) envisages focusing on evaluation of “geologic and geophysical information on Robalo deposits,” Chavez said to mark the signing of the [...]
Anadarko Petroleum has agreed a $1.4bn deal with Mitsui & Co. the Japanese trading and investment group, to sell a minority stake in its Marcellus Shale natural gas project in Pennsylvania. The deal announced on Tuesday will give Mitsui control of 32.5 per cent of Anadarko’s shale-gas assets in the state, where most of the [...]
