In a bid to kicks tart the industry, Italy's ENI and Spain's Repsol signed a deal with Venezuela's state oil company PDVSA late last year to develop the Perla gas project, which boasts the biggest deposits found off th ...
On Wednesday, Candax Energy Inc. announced the inking of a deal to further consolidate ownership of two Tunisian oil fields. The Toronto-based oil and natural gas company began increasing its ownership of the El Bibane and Robbana ...
The dry well will put more pressure on Cuba's dependence on Venezuelan oil and means that Raul Castro's government will need to continue nurturing relations with the ailing president of Venezuela, Hugo Chavez, one analyst ...
But Storchak said there were still big oil supply risks while energy demand in China and India remained robust. "Oil prices are still high, we are comfortable...I don't think we need to be afraid." "Our budget i ...
"So it's the total value chain that we're worried about and the number of jobs that South Africans will lose." More than a quarter of South Africa's crude oil is imported from Iran. Peters said a government t ...
The Chairman of the 30-member committee, Major Daniel Ablorh-Quarcoo, stated that out of the total receipt, an amount of GH¢315.390 million, representing 47 percent was transferred to the Ghana National Petroleum Corporation while ...
The blowout preventer, a three-story-tall valve assembly, automatically cut off oil flow at the wellhead. This would not become another BP disaster, in which the blowout preventer notoriously failed. Still, George Buck, president ...
Publicly-listed oil and gas company PT Medco Energi Internasional is getting closer to acquiring producing oil and gas fields in Indonesia, the Middle East and North Africa to further expand the company's oil and gas explorati ...
The governments of Angola and Thailand Wednesday in Bangkok signed a memorandum of understanding on cooperation in the oil and natural gas sectors, Angolan news agency Angop reported. Angola's oil minister, José Maria Botelho ...
Cardenas said state-controlled Ecopetrol (ECOPETROL.BO, EC), which is responsible for 60% of production in Colombia, "has 8.3 years worth of reserves, and there are companies here that have less than that. We need to focus on ...
