Delek Drilling and Avner Oil Exploration have responded to reports in an Israeli newspaper concerning assessment of the resources in the deepwater Leviathan gas/condensate field
Cyprus announced on Sunday that offshore reserves in its Aphrodite gas field have been pronounced commercially exploitable, the first such development in four years of energy exploration.
Growth in Scotland will lag further behind the UK in coming years as the downturn in the North Sea oil and gas industry takes a heavy toll on the country, economists have predicted.
Gazprom posted a third straight weekly decline as concern mounted that earnings will be crimped as the Russian natural gas producer spends to expand in Asia while gains in Europe, its biggest market, continue to slump.
One scene stands out more than any other from the Opec International Energy Seminar last week, which attracted the cream of the global oil industry’s executive leadership.
Nigeria can boost its oil and gas production by changing the way capital investments are funded in its joint ventures with energy companies, according to Seplat Petroleum Development Co.