exploration | Egypt Oil & Gas - Part 16
Russia Cuts Oil Reserves Estimates 50% to Last Until 2044
Russia will run out of oil by 2044, with production beginning to decline in 2020, according to the Minister of Natural Resources and Environment. According to experts, the volume of proved reserves was cut by 50%, wh ...
Nigeria to Extend Oil&Gas Exploration In Lake Chad Basin
Nigeria plans to extend oil and gas exploration in new fields in the Lake Chad Basin in the North East and in the coastal states such as Lagos, where oil has been discovered in commercial quantity.
South Africa to Start Shale Gas Exploration Next Year
The first exploration for shale gas in South Africa will begin in the next financial year, following years of postponement. A World Energy Council report mentions South Africa as having significant potential for shal ...
Lukoil Sizing up Baltic Sea Opportunities
A Kaliningrad-focused subsidiary of Russia's Lukoil has been granted a right to explore for oil and gas in the Russian sector of the Baltic Sea.
US to Offer 45m Acres in Exploration Bids in Gulf of Mexico
The US Bureau of Ocean Energy Management (BOEM) announced it would offer approximately 45m acres in the Gulf of Mexico for oil and gas exploration and development in two March lease sales.
Trident Petroleum Signs PSA worth $4.5m
Trident Petroleum Egypt signed a new petroleum agreement for oil and gas exploration in the Gulf of Suez area. The agreement entails a minimum investment of $4.5m, a signature bonus of $500,000, and the drilling of s ...
India to Boost Africa’s Oil Imports
India seeks to expand its oil ties with African nations in order to lock in supplies at the time of low oil prices to be able to meet country's future demand.
Explorers in Senegal Reveal Better-than-Expected Oil Flows
Melbourne-based junior explorer, FAR has conducted latest drilling tests offshore of Senegal and revealed better-than-expected results of oil flows from the SNE-2 well, drilled about 100km off the coast. 
