Technology made the US oil shale boom. New technology may allow oil giants Saudi Arabia and Norway to become the next fracking boomers.» Read More
OSLO, Oct 2- Norway's Statoil has dropped plans to expand its Snoehvit natural gas field in the Arctic due to insufficient reserves, raising the chance it will back the building of a pipeline that could also benefit rivals.
OSLO, Oct 2- Statoil called off the long anticipated expansion of its Snoehvit natural gas facility in Norway's Arctic Barents Sea on Tuesday, saying there was not enough gas in place for now. "The license have concluded that the current gas discoveries do not provide a sufficient basis for further capacity expansion," Statoil said in a statement. "
*More assertive Kazakhstan sets eyes on ConocoPhillips stake. *Kashagan key to rapid rise in Kazakh oil output* Kazakh minister hopes field to produce first oil in March By Robin Paxton ASTANA, Oct 2- U.S. oil firm ConocoPhillips.
By Robin Paxton ASTANA, Oct 2- U.S. oil firm ConocoPhillips. Asked whether ConocoPhillips would sell its stake in the consortium, Mynbayev told reporters: "They have the intention of selling." Lyazzat Kiinov, the head of Kazakh state oil company KazMunaiGas, said the firm was "displaying interest" in buying the stake of ConocoPhillips.
--In conjunction with proceeds from Cheniere Energy Partners L.P.' s recent equity offering, SPLNG is redeeming its $550 million in 2013 notes.
OSLO, Oct 1- France's Total expects to start production at the Atla gas and condensate field in the North Sea this week, a spokesman said on Monday. There are still some issues to be solved at the host platform, "said Total spokesman Leif Harald Halvorsen.
*Norway expects total gas output at 334.2 mcm/day in Oct. LONDON, Oct 1- British prompt gas prices fell on Monday morning, shrugging off a temporary halt in flows from Norway through the Langeled pipeline as wider supply-demand fundamentals sapped trading sentiment.
Separately, the bank's brokerage unit Cheuvreux could cut 290 jobs in France as part of a possible deal with financial services group Kepler Capital Markets to buy Cheuvreux, French daily Les Echos wrote, citing sources close to the matter.
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