Posts Tagged ‘ministry’
Tullow Oil farms into offshore Guinea concessionLONDON -- Hyperdynamics announced that its wholly owned subsidiary SCS, has entered into an agreement with Tullow Guinea, a subsidiary of Tullow oil, for the sale of a 40% gross interest in Hyperdynamics oil and gas exploration concession offshore Guinea and the transfer of operatorship
Sound Oil announces reopening of D150 and D148 permit applicationsSound Oil, announces that it has been advised by the Italian Ministry of Economic Development that it has immediately reopened the Company's applications for two of its offshore permits d150DR-CS containing the Laura gas discovery and d148DR-CS,
China to subsidize shale gas developmentBY CHRIS OLIVERHONG KONG -- China unveiled plans to subsidize energy companies working to develop shale gas resources, a move seen by analysts as likely to help turn around a loss making industry and potentially mark a bright spot in the nation's drive for alternative energy
The government will offer a subsidy of 0.4 yuan (6 US cents) per cubic metre, the Ministry said in a statement on its website. China currently provides a 0.2-yuan-per-cubic-meter subsidy for coalbed methane. "The allowances will be adjusted according to the development of the shale-gas industry,"