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Energy Blast – Jan 19, 2012

TNK-BP is looking to boost output at oil fields in Orenburg, having added five new wells this year; it has started drilling at its Lan Do gas field project off the coast of Vietnam.  The Russian government will not grant Rosneft a tax break for development of its Yurubcheno-Tokhomskoye field in Siberia.  Siemens has earmarked over $1.3 billion towards expanding production of its gas turbines, part of its attempt to win a larger market share than rival General Electric Co, says Bloomberg.  A S$15 billion joint venture between Petronas and Shell will see Malaysia launching the world’s largest offshore enhanced oil recovery project.  Poland is greeting conclusions of a new study that says its territory is rich in shale oil deposits ‘with cautious enthusiasm’.  Japan’s energy minister wants to boost competition in the energy sector by allowing customers to choose their providers.  Environmentalists are applauding the Obama administration’s move to block construction of the Keystone XL oil pipeline which would link Canada’s oil sands with the Gulf of Mexico.