Tag: gas
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Disclosure of the start date of oil and gas exploration in Lebanon
Oil and gas exploration operations in Lebanon are awaiting the results of drilling an exploratory well in the North Sea, which is being carried out by Transocean. Exploration operations are expected to start off the coast of Lebanon next September, in a step that may pave the way for placing Beirut on the map of…
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Oil and gas revenues in the Sultanate of Oman recorded $4.3 billion at the end of February
Oil and gas revenues in the Sultanate of Oman increased during the first two months of this year, compared to the same period in 2022, supported by higher prices. The oil and gas sector supported the Sultanate of Oman’s budget by about 1.674 billion riyals ($4.34 billion) by the end of last February, according to…
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Russia’s budget records a deficit of $29 billion, with oil and gas revenues declining
During the first quarter of this year, Russia’s budget recorded a deficit of more than $29 billion, with oil and gas revenues declining. Data from the Ministry of Finance showed that Russia’s federal budget deficit, during the first quarter of 2023, amounted to about 2.4 trillion rubles ($29.52 billion). The data, seen by the specialized…
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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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Increasing oil and gas production in Iran, starting from 2024.. These investments are required
Oil and gas production in Iran is preparing for a domestic boom by next year (2024), including boosting the petrochemical sector as well, despite the continued US sanctions. The CEO of the National Iranian Oil Company “NEOC”, Mohsen Khojashmehr, said that increasing production requires a large amount of investments to complete the projects that have…
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Crisis in the oil and gas sector in Iran within months (article)
Read in this article • Iran has traditionally relied on oil and gas to meet most of its energy needs • There is an increasing demand for renewable energy sources, such as solar energy and wind energy • Iran’s over-reliance on oil and gas exports is a major concern • The government needs to develop…
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Offshore wind power in Scotland powers oil and gas platforms in the North Sea
Offshore wind energy in Scotland entered the oil and gas sector for the first time in the world, through a lease round in which reputable international energy companies competed in the sector. Crown e-State Scotland announced the selection of 13 bids out of 19 submitted bids to lease the seabed for the construction of wind…
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Oil and gas projects in Africa attract $16 billion in bank financing
The pace of implementation of oil and gas projects in Africa is accelerating in light of the growing demand for the two vital commodities. This prompted the governments of the countries of the continent to raise investment spending related to exploration and excavation activities. Indeed, entities outside the fossil fuel industry have begun directing their…
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He went to invest the gas fields in Iraq to support the power stations
As part of the ongoing efforts to solve the electricity crisis, the gas fields in Iraq are witnessing a government tendency to invest in them and support the continuity of their work. In joint statements, Iraqi Oil Minister Hayan Abdul-Ghani and Electricity Minister Ziyad Ali Fadel confirmed today, Wednesday, March 22, 2023, the directives of…
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An expected jump for Algerian liquefied gas exports with the support of the port of Skikda (photos)
Algerian liquefied gas exports are expected to witness a jump during the coming period, with the near completion of the Skikda oil port expansion project, which works to achieve the country’s strategic goals to increase hydrocarbon exports. In this context, the director of the Sonatrach complex, Toufik Hakkar, paid a working visit and inspected the…
