US oil and gas producer, Devon Energy Corporation, will buy shale-oil rival WPX Energy for an estimated $2.56 billion as it looks to cement its position in the top US oilfield, according to Reuters. The deal, which co...
Wood’s Asset Solutions, the Australian engineering, procurement and construction (EPC) contractor, signed a two-year extension deal with Saudi Aramco’s overseas business unit for the unconventional gas program, ...
Qatar Petroleum will invest $20 billion over five years in US oil and gas fields, Bloomberg reported. Qatar will likely announce a deal with the US “before the end of the year,” company CEO Saad Sherida al-Kaabi state...
South Africa’s government is reviewing five shale gas exploration licenses in the semi-arid Karoo basin. The recommendations are expected to be finalized soon, after the delay that was caused by the environmental obje...
Algerian Energy Minister, Noureddine Bouterfa, announced that the country will not exploit shale gas in the short term. As he explained, Algeria already has enough quantities of other natural resources, which includes...
The South African government has given the endorsement for shale gas development in its Karoo basin. The endorsement was announced by Mineral Resources Minister, Mosebenzi Zwane during a community engagement on shale ...
According to MEED Insight’s MENA Oil and Gas Report 2017, about $294b of oil, gas, and petrochemicals projects are in the pre-execution phase across the Middle East and North Africa (MENA) region, even as concerns abo...
The Norwegian energy company Statoil announced that it had signed an agreement with Valeura Energy, a Canadian exploration company, to help explore the shale gas potential in the European north-western part of Turkey,...
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...
China’s Sinopec, Asia’s largest oil refiner, has started production in the first phase of its Fuling shale gas project in the Sichuan Basin of a southwest province with an annual capacity of 5bcm, reported...