BP has backed off from plans to sell assets in Algeria, the country's energy minister said, a blow to potential Russian buyer TNK-BP Ltd. but a vote of confidence for the nation amid unrest in other parts of North Africa.
RWE Dea's subsidiary in the United Kingdom, RWE Dea UK, announced today that the field development plan for the Clipper South gas field has been approved by the Secretary of State at the Department of Energy and Climate Change (DECC).
Italian oil services contractor Saipem is reported to have won a contract for offshore work at Saudi Aramco's non-associated gas fields feeding Wasit, Saudi Arabia's biggest gas plant, according to industry sources.
Australia's ADX Energy said it was encouraged by the results of an independent report of its Dougga gas condensate discovery on the Kerkouane permit, offshore Tunisia.
Moammar Gadhafi's regime appears to have lost control of most of Libya's oil and gas fields to opposition forces, the European Union's energy commissioner said, dismissing the idea of imposing a blockade.
Demand for extra oil supply following disruption to exports from Opec member Libya has been met, Saudi Aramco chief executive Khalid Falih told reporters.