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 areas by mid 2017.

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.

Billionaire Viktor Vekselberg is out to prove that solar has a place in Russia, the world’s largest exporter of oil and gas.

The government is yet to take a decision two months after awarding 10% stake to Total