ExxonMobil's subsidiary, ExxonMobil Libya Limited, signed a heads of agreement to execute an Exploration and Production Sharing Agreement (EPSA) with Libya's National Oil Corporation to initiate exploration activity offshore Libya in the Sirte Basin.
An official at the National Iranian Gas Company (NIGC) said that Iran plans to almost double its natural gas production to 200 billion cubic meters a year by 2012.
TEHRAN - A contract has been inked for the construction of three petrochemical complexes, valued at one billion euros, the deputy petroleum minister for petrochemical affairs announced here on Tuesday.
Dolphin Energy Limited has issued Invitation to tender‚ documents for the design and build of the Taweelah to Fujairah Gas Pipeline
Project. The Taweelah to Fujairah Gas Pipeline (TFP) will be 48 inches in diameter and over 240 kilometres in length -- one of the longest and largest overland pipelines in the UAE.
Iraq's Kurdish region has signed seven new oil and gas contracts with international companies, awarded four more to a new state-owned company and revised the terms of old deals, the Kurdish government said.
Saipem has been awarded a contract to lay a pipeline for transporting LPG (Liquefied Petroleum Gas) from the central Algerian gas field at Hassi R'mel to the oil export area of Arzew, in northwestern Algeria, on the Mediterranean coast. The contract is worth 285 million euro.
OPEC's basket price of crude oil, based on production in 12 different countries has passed the 90-dollar mark for the first time, the cartel said Thursday.