Lebanon is delaying tenders for offshore exploratory drilling as it sets up an oil and gas oversight committee, but seismic tests suggest increasingly large potential gas reserves, Energy and Water Minister Gebran Bassil said.
Iran's oil and gas reserves rose by half a billion barrels and 5 trillion cu ft respectively with the discovery of new onshore oil and gas fields in the south and west of the country, an Iranian daily quoted a senior oil official as sayin
The present value of oil and gas reserves of the six GCC countries is estimated at $18.3 trillion, larger than last year's GDP of the US, according to a note released by the Dubai International Financial Centre Authority (DIFC).
The present value of the oil and gas reserves of the six countries of the GCC is estimated at $18.3 trillion, according to an economic note released by the Dubai International Financial Centre Authority (DIFCA).
That figure assumes a
International firms bidding to explore for oil off Bahrain are being subjected to stringent scrutiny to ensure they are up to the job.
Seventy-eight firms have so far indicated an interest in oil exploration in four offshore blocks, opene