Saudi Arabian Oil Co., the world’s largest crude exporter, is pressing ahead with a project to produce natural gas from the Red Sea by pursuing a geological survey of the area, according to Norway’s Magseis AS.
Iran’s media reported on Monday that the country has started exports of condensate from South Pars Phases 15 and 16 that have recently been made operational.
A Noble Energy delegation arrived in Egypt to resume negotiation with state-run Egyptian Natural Gas Holding Company (EGAS) to discuss importing gas from the Aphrodite field in Cyprus.