US Announces Oil, Gas Drilling Auction Plans for June

• Tuesday, 19th April 2022
• by Sarah Samir

The US plans to offer oil and gas firms drilling rights of federal acreage. These drilling rights are set to be in eight states at least and will be offered in June, Reuters reported. The announcement was made after t...

Brazil to Auction 4 Sub-Salt Areas in 2017

• Sunday, 10th July 2016
• by Egypt Oil & Gas

According to the incoming Secretary of Oil and Gas at Brazil’s Ministry of Energy, Marcio Felix, the Brazilian government has announced its plans to hold its second auction of four sub-salt exploration and production ...

Omani Blend Crude Bolsters Ambitious Dubai Mercantile Exchange

• Wednesday, 18th November 2015
• by Egypt Oil & Gas

The Dubai Mercantile Exchange (DME) announced today that Oman’s Ministry of Oil and Gas has become the first customer of its recently launched ‘DME Auctions’ platform, reported the Omani Oil and Gas Review. The Omani ...

Russian Auctions Tycoon Moving into Solar Power

• Thursday, 28th May 2015
• by Egypt Oil & Gas

Billionaire Viktor Vekselberg is out to prove that solar has a place in Russia, the world’s largest exporter of oil and gas. Hevel Solar, a venture between Vekselberg’s Renova and OAO Rusnano, plans 22.5 billion ruble...

Oil Prices May Prompt More UAE Concession Deals

• Thursday, 16th April 2015
• by Egypt Oil & Gas

Abu Dhabi is believed to be in advanced talks to award contracts to international oil companies to develop its onshore oilfields after French energy giant Total was awarded a 10% stake in late January this year, exper...