Shell and Libya have set up a new joint operating agreement for their three-year-old liquefied natural gas deal to rejuvenate and upgrade the Marsa El Brega facility in Libya and explore for gas reserves that might sustain a greenfield plant.
Abu Dhabi-listed Dana Gas said it now officially holds a 10% stake in Block 4, which lies in the Nigeria-Sao Tome & and PrÃncipe Joint Development Zone, in the Gulf of Guinea.
Thailand's state-run producer PTT Exploration & Production (PTTEP) has hit oil and natural gas with the MOM-3 exploration well, drilled on Block 433a, onshore Algeria.
BP is to build a plant similar to the £1 billion (US$1.95 billion) carbon-capture facility originally planned for Peterhead, Scotland, in the United Arab Emirates, Scottish media reported.
Doha: Qatar Petroleum and Gaz de France (GdF) have signed a key memorandum of understanding envisaging join international operations in the energy sector here yesterday as French President Nicolas Sarkozy began a two-day visit to the country.
Iran now has $10 billion in its Oil Stabilisation Fund, which forms part of its foreign reserves, Central Bank governor Tahmasb Mazaheri said, indicating an increase on previously reported figures.
ABU DHABI: ConocoPhillips has emerged as the front-runner to participate in a $10 billion, multiyear project to develop the Shah natural-gas field in Abu Dhabi, according to several people familiar with negotiations.