News / International
Eni CEO sees $50 billion Mozambique gas investment
Italian oil and gas company Eni will invest $50 billion developing its huge Mozambique natural gas discovery with a view to exporting the gas to Asian markets, its Chief Executive Paolo Scaroni said in an interview Friday after a visit to East Africa. El Paso Kicks Off Sale of Exploration and Production Assets
El Paso Corp. has begun sending out financial information to potential buyers of its oil-and-gas exploration and production business, which could fetch as much as $10 billion, according to people familiar with the matter. Huge gas find by Eni off Mozambique
Eni has announced a ''giant natural gas discovery'' offshore Mozambique at the Mamba South 1 prospect in Offshore Area 4. The discovery well found 212 m (695 ft) of continuous gas play in Oligocene sands. Apache Reports Record Quarterly Production of 752,000 Boe/d
Apache Corporation reported production of 752,000 barrels of oil equivalent (boe) per day and earnings of $983 million, or $2.50 per diluted share, for the three-month period ending Sept. 30, 2011. These compare with production of 667,000 boe per day and net income of $765 million, or $2.12 per diluted share, for the same period in the prior year. Eni announces a giant gas discovery offshore Mozambique
Eni announces a giant natural gas discovery at the Mamba South 1 prospect, in the Area 4 Offshore Mozambique. The discovery well encountered a total of 212 meters of continuous gas pay in high-quality Oligocene sands. Wintershall Restarts Production at Libyan Desert
Wintershall has now restarted oil production in the Libyan Desert again in concessions 96 and 97. The company had suspended and sealed off production operations in the eight onshore oil fields around 1,000 kilometers south-east of Tripoli in February 2011 in view of the political situation and for security reasons. Iraq signs final gas deal with South Korea’s KOGAS for Akkas gas field
Iraq's oil ministry and South Korea's KOGAS on Thursday signed a long-delayed deal to develop the Akkas gas field near the Syrian border, the latest step by the war-ravaged country to tap its own resources to fuel growing power demands. Russia’s Putin says to cooperate with Japan on LNG, electricity
Russian Prime Minister Vladimir Putin has told his Japanese counterpart Yoshihiko Noda that Moscow hopes to advance energy cooperation with Tokyo in areas including LNG and possible electricity supplies to the gas- and power- hungry nation, according to Japan's Ministry of Foreign Affairs. 
