GE HAS RELEASED a study, Flare Gas Reduction: Recent Global Trends and Policy Considerations, which estimates that five per cent of the worlds natural gas production is wasted by burning or "flaring" unused gas each year—an amount equivalent to 30 per cent of consumption in the European Union and 23 per cent in the United States.

CHEVRON EXPECTS A much-delayed Nigerian plant that will convert natural gas to liquids to cost $8.4bn, $2.5bn or 42.4 per cent more than its last estimate.

Tullow Oil has concluded terms for a new Petroleum Agreement with Namibia’s Ministry of Mines and Energy concerning the offshore Kudu gas field.

THE TUBARARO WELL in deepwater offshore Mozambique encountered a natural gas pay, says Anadarko Petroleum Corp. The well found 34m of pay with no water in an Eocene reservoir that is distinct from the three discoveries offshore in the Rovuma basin.