Sunday 19 April 2015
 
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gas exploration

Italy's Eni seals $5bn Egypt gas exploration deal

Italian 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

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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

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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

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Total wins Egypt gas exploration licence

French 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

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Norway eyes oil drilling around Arctic islands

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

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Bahrain signs Occidental gas exploration deal

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

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Algeria planning $68bn energy spend

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

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Occidental set for gas exploration in Bahrain

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,'

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Saudi, Shell JV at 2nd phase in gas exploration

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

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Lebanon to auction for gas exploration in 2012

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

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