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Total extends Algeria gas exploration contractFrench oil major Total and Algeria’s Sonatrach, Repsol and Alnaft have signed a new concession contract for a period of 25 years to extend the exploitation of the Tin Fouyé Tabankort (TFT) gas and condensate field. &n More… |
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Shell signs energy development contract in OmanShell Gas & Power Developments has signed an agreement with Oman to cover upstream gas exploration and development, gas-to-liquids (GTL), liquefied natural gas (LNG) and renewable energies in the Sultanate. The memorandum of u More… |
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Iran finds 2 billion barrels of shale oil reservesIran has discovered shale oil reserves of two billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on Saturday. “Based o More… |
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Italy's Eni seals $5bn Egypt gas exploration dealItalian oil major Eni signed heads of agreement with the Egypt worth $5 billion over 4-5 years, the oil minister and the company said on Saturday at a weekend investment summit in the Red Sea resort of Sharm El Sheikh. Oil Ministe More… |
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Oil and gas explorers in Africa ‘must rethink capex’Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, said an industry expert. “Oil & gas explorers More… |
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Oil and gas explorers in Africa ‘must rethink capex’Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, said an industry expert. “Oil & gas explorers More… |
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Total wins Egypt gas exploration licenceFrench oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the state-run Egyptian Natural Gas Holding company (Egas) said on Monday. "France's Total won the bid to explor More… |
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Norway eyes oil drilling around Arctic islandsNorway 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 More… |
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Bahrain signs Occidental gas exploration dealA 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 More… |
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Algeria planning $68bn energy spendAlgerian 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 More… |
