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Eni discovers new oil offshore AngolaItalian oil major Eni has announced a new oil discovery in Block 15/06, in the Kalimba exploration prospect, in Angola’s deep offshore. The new discovery is estimated to contain between 230 and 300 million barrels of light oil in place. More… |
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Global oil discoveries fell to historic lows in 2016Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that b More… |
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Global oil discoveries fell to historic lows in 2016Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that b More… |
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Iran announces major oil, gas discoveriesIran has announced the discovery of 15 billion barrels of new in-situ oil reserves, said the managing director of the National Iranian Oil Company (NIOC). Around two billion barrels of the newly-discovered reserves were recoverabl More… |
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Kuwait Energy discovers oil in Block 9, IraqKuwait Energy, an independent oil and gas exploration and production company, has announced that a consortium comprising Kuwait Energy and Dragon Oil has made its first oil discovery at Block 9, Iraq. The discovery was at the cons More… |
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Dana Gas makes new gas discovery in EgyptUAE-based Dana Gas has discovered more gas in Egypt's Nile Delta, with 9.4 million cu ft per day produced during initial tests, the company said on Sunday. The Begonia-1 discovery on the West El Manzala concession well also pr More… |
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Bahrain’s new stamps mark oil discoveryBahrain has issued a set of four postage stamps has been issued to mark 80 years since the discovery of oil in the kingdom. The stamps, designed through co-operation between Bapco and the Transportation Ministry, reflect the key role of th More… |
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BP makes 'giant' oil find in Gulf of MexicoLondon-based BP said it had made a "giant" oil discovery in the Gulf of Mexico, reaffirming the area's importance to Western oil majors. BP said in a statement on Wednesday that it had made the find at its Tiber Prospect in the deepwater G More… |
