exploration | Egypt Oil & Gas - Part 17
Russia Begins Oil, Gas Exploration in Iran
Two major Russian companies, Rosgeologia and Lukoil, together with the National Iranian Oil Company (NIOC), have started a new round of studies on geological and geophysical oil and gas exploration in Iran, Mehr News ...
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 Russian Minister of Natural Resources and Environment, Sergey Donskoy. The minister further explained that although recove...
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, All Africa reported...
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, the government said following years of postponement, Reuters reported. Delays in awarding exploration licenses and lower oil p...
Lukoil Sizing up Baltic Sea Opportunities
A Kaliningrad-focused subsidiary of Russia’s Lukoil has been granted the right to explore for oil and gas in the Russian sector of the Baltic Sea, Offshore Engineer reported. The area includes the D33 oil field,...
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, RigZone reported. The blocks...
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 si...
India to Boost Africa’s Oil Imports
India is seeking 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, Reuters reported. “We should take advantage of ...
