Iraq has approved the sale by Norway's Statoil ASA of its minority stake in a supergiant oil field to Lukoil OAO, making the Russian firm the sole foreign partner in one of Iraq's biggest new oil projects, Iraqi oil industry sources said.
Abu Dhabi National Energy Company (Taqa) has announced three top European energy firms as its launch customers for the Bergermeer Gas Storage facility in the Netherlands, set to become Europe’s largest open access gas storage facility.
Abu Dhabi Investment Authority (ADIA), Canada Pension Plan Investment Board (CPPIB) and German insurer Allianz are in talks to buy a stake in a Norwegian gas pipeline from Statoil, sources said.
The three financial investors have teamed up
Norwegian oil firm Statoil aims to bid for oil concessions in the UAE due to expire in 2014 as it targets more business in the country's energy industry, a senior executive told Reuters.
"We're looking at gas and oil," said Kjetil To
Norway's Statoil will invest $1.4 billion in Iraq's West Qurna Phase Two over the next four to five years and hopes to book some reserves from the field, its head of international operations said.
Statoil and Russian partner Lukoil have sa
Libya has qualified 35 firms, including Western and Russian energy giants, to compete for operator permits in a gas-focused exploration and production licensing round, the National Oil Corp (NOC) said.
The list, published by NOC on its web
Egypt's oil ministry signed eight deals for oil and natural gas exploration worth $660 million with several foreign firms including BP, Austria's OMV and Norway's Statoil.
The ministry said in a statement the exploration deals cover
Iran's oil industry is not facing any shortage of financing to implement energy projects, the Iranian oil minister said, despite US pressure to deter foreign banks and energy firms from investing.
Washington, leading efforts to isolate Ira