Tag: gas
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Egypt is looking forward to drilling 35 wells for oil and gas exploration
Egypt is implementing an integrated program in cooperation with major international companies to explore for oil and gas, as part of its strategic plan to benefit from its natural resources and become a regional center for energy trade. In this context, Petroleum Minister Tarek El-Molla revealed that his country has begun implementing an ambitious program…
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Petronas President warns: halting investment in oil and gas projects is a ‘catastrophe’
The President and CEO of the Malaysian Petronas “Tengku” company, Muhammad Tawfiq, condemned the calls for an absolute halt to investment in oil and gas projects, describing it as a “catastrophe”. Tawfiq stressed that the lack of investment in oil and gas cause There are severe market fluctuations and affect energy security, according to what…
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The Lebanese Energy Minister holds America responsible for delaying the transfer of Egyptian gas
Lebanese Energy Minister Walid Fayyad held the United States responsible for delaying the transfer of Egyptian gas and Jordanian electricity to his country through Syrian territory, which Beirut was counting on to solve the electricity crisis. More than 600 days have passed since the US ambassador to Beirut, Dorothy Shea, pledged to provide a solution…
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Developments of the Oil and Gas Sector in Iran within the Seventh Development Plan (Article)
Read in this article • The plan aims primarily to address the biggest economic problems facing the country • The Sixth Development Plan faced major challenges in the petroleum industry • The policies of the Seventh Development Plan do not provide a clear pattern of development and transformation in the oil and energy sector •…
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Colombia’s oil and gas sector plans to award new exploration licenses
The oil and gas sector in Colombia plans to increase the number of new licenses granted in the field of exploration, in an effort by the country’s government to enhance its reserves of the two vital commodities. The Latin country, which is currently experiencing a dire economic situation, represented by skyrocketing inflation rates and a…
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Holding the first oil and gas tenders in America after delays that lasted nearly a year
Yesterday, Thursday, May 25 (2023), the first tenders for the sale of oil and gas exploration concessions in America were held, after delays of nearly 11 months, generating nearly $80 million for federal coffers. It is the second auction of its kind to be held in New Mexico – the second largest oil-producing state in…
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Qatar Energy is interested in competing for new oil and gas licenses in Iraq
Qatar Energy Company has shown interest in entering the new round of oil and gas licenses launched by Iraq recently, which includes several blocks with promising reserves. Iraqi Oil Minister Hayan Abdul Ghani said that Qatar is interested in participating in the two rounds of oil and gas licensing in Iraq, according to the data…
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Announcing two oil and gas discoveries in India
Two oil and gas discoveries were announced in India, which are currently being evaluated in detail, in preparation for announcing the size of their reserves. The two discoveries were made by the state-owned oil and natural gas company ONGC, following the development of the blocks granted through the open space licensing policy, and the utilization…
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Oil and gas exploration in Somalia lures major international companies
Oil and gas exploration in Somalia has become the focus of international oil companies again, in light of the search for alternative supplies following the Russian war in Ukraine. The Russian invasion has sparked discussions about energy security in Africa, and major discoveries of oil and gas in Mozambique, Tanzania and Uganda have whetted investor…
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Dana Gas shares decline after announcing the results of the first quarter of 2023
The UAE’s Dana Gas share declined during trading today, Wednesday, May 10 (2023), in the Abu Dhabi market, after its profits fell in the first quarter. The results of Dana Gas’s business in the first quarter of 2023 revealed a decline in net income by 8%, to reach 183 million dirhams ($50 million), compared to…
