Norway took a major step towards opening up an environmentally sensitive Arctic area to oil and gas exploration when the ruling Labour Party gave the go-ahead on Sunday for an impact study.
Exploration in the waters around the Lof
A major agreement has been signed between Bahrain and the US Occidental Petroleum Corporation for deep gas exploration, according to Energy Minister Dr Abdulhussain Mirza.
Occidental will carry out drilling for gas and Bahrain would not be
Algerian state energy company Sonatrach is planning to invest $68 billion in the country's energy sector over the next four years, its chief executive said on Tuesday.
'We plan to invest $68 billion between now and 2016. This inclu
US oil giant Occidental will begin drilling for gas at the Bahrain Field 'any time now', said a senior government official.
'Cabinet approval for the deal has been received and a royal decree is set to be issued this week,'
A joint venture between Royal Dutch Shell and Saudi Aramco said it had begun a second phase of planned gas exploration in Saudi Arabia, during which it plans to drill three wells in the Rub Al Khali area.
In a rare opening for internationa
Lebanon hopes to launch a licensing round for offshore gas exploration at the beginning of 2012, the energy minister said on Thursday, two days after parliament unanimously ratified a long-awaited energy law.
"If we move with the necessar
Lebanon's parliament unanimously ratified on Tuesday a long-awaited energy law, paving the way for exploration of major natural gas reserves the country says it has off its Mediterranean coast with Israel.
The law had been
Saudi Aramco has awarded $400 million worth of seismic contracts as it steps up oil and gas exploration in the kingdom, industry sources said on Monday.
The data-gathering contracts will cover the Red Sea and the 900,000 barrels per day (b
Oman has signed a gas exploration deal with US-based Harvest Natural Resources for the Al-Ghubar block, Oman's Economy Ministry said in a statement on Sunday.
Under the agreement, Harvest Energy is committed to reappraise seismic data and
Bahrain on Monday launched the bidding round for exploration of its onshore natural gas fields at up to 6,096 metres below sea level, which it wants to develop to meet rising domestic demand.
'The response has been very positive, 25 in