Tag: reserves
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Tunisia settles the controversy over the discovery of huge oil and gas reserves off the coast of the country
Tunisia settled the controversy over the discovery of reservoirs containing huge reserves of oil and gas off the coast of the country near the Libyan border. A study issued by the American Survey indicated that there are huge reserves of oil and gas off the Tunisian coast, which revived the hopes of those looking for…
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The Iranian Yadavaran field is close to a Chinese deal… 30 billion barrels of oil reserves
The Yadavaran field is preparing to revive the Iranian oil sector with more production, amid ongoing negotiations with the Chinese company Sinopec, the developer of the first phase of the project 15 years ago. The Iranian oil company entered into negotiations with its Chinese counterpart, Sinopec, to revive the agreement to develop the second phase…
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4 oil and gas discoveries in just 24 hours… and huge gas reserves
The past 24 hours witnessed the announcement of 4 oil and gas discoveries, by major international companies, in support of the growing demand for fossil fuels. Today, Thursday, February 9 (2023), the Norwegian company Equinor announced a new oil and gas discovery near the Troll field in the North Sea. It is the seventh in…
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Announcing the latest numbers of oil and gas reserves in Mauritania
A workshop organized by the Ministry of Petroleum, Mines and Energy in Nouakchott revealed the latest numbers of oil and gas reserves in Mauritania. The workshop aimed to present the results of the “promotion and communication” strategy that supports the development of oil and gas projects in Mauritania, according to data seen by the specialized…
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Oil reserves in Iraq are recovering by 6 billion barrels
Oil reserves in Iraq have achieved a significant recovery, with the addition of about 6 billion barrels of crude oil and 23 billion standard cubic feet of natural gas. Today, Monday, January 23, 2023, during his visit to the Oil Exploration Company, the Iraqi Oil Minister, Hayan Abdul Ghani, announced the addition of 6 billion…
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Plans to increase oil production in Guyana to tap 25 billion barrels of reserves
US ExxonMobil continues to focus on boosting oil production in Guyana; The company is preparing to approve its fifth project, which is scheduled to start production in 2027 for a period of 20 years, according to estimates by the Government of Guyana. ExxonMobil’s proposed fifth development at the Oro oil field would pump about 250,000…