Chevron Corp, the second-largest U.S.-based oil producer, said on Friday its oil and natural gas reserves fell 1 percent last year largely due to the sale of its stake in a Chad oil field.
The Jordanian Minister of Energy and Mineral Resources, Mohamed Hamed, announced Jordan's intention to pursue a project to extend a gas pipeline from Iraq to Jordan. This would provide his country and potentially Egypt with a part of their requirement of natural gas.
Bahrain is set to increase the price of natural gas sold to companies by 25 cents per million British thermal units (mmBtu) starting from April 1, said a report.
The Yemeni central bank says the nation’s oil revenues suffered a drop of about $1 billion or 37% in 2014 due to plunging crude prices and attacks on the impoverished country’s pipelines.
BP and Maersk training announced they are working together to provide offshore rig crew training in Houston. BP awarded Maersk, which has doubled its training operations in the last three years, a five-year training contract earlier this year
Iran and the P5+1 countries – Russia, China, France, Britain, the United States and Germany – are seeking to seal a high-profile political deal by the end of March and to confirm the full technical details of the accord by July 1.
The Dubai Supreme Council of Energy has extended the deadline for receiving applications for the second Emirates Energy Award (EEA 2014-2015) until March 15.