BHP Billiton (BHP.AX)(BLT.L), world’s largest mining company, is planning to drill for gas in South Africa’s West Coast. This project will pursue once they get their permits by August 2010. David van der Spuy, a resource evaluation manager at Petroleum Agency SA is quoted saying: “BHP Billiton holds the area on sub-lease under the previous [...]
Iran has signed a USD 5 B deal with China National Petrolium Corporation for the exploitation of the giant South Pars natural gas field. For full story, click here
India declared that it can still join a natural gas deal between Iran and Pakistan, Tehran and Islamabad had signed an agreement on the exports of Iranian gas. For full story, click here
Oil Search and its partners have struck the first liquefied natural gas sales deal for the $US12.5 billion Papua New Guinea LNG project. For full story, click here
The United Arab Emirates-based Crescent Petroleum is awaiting a response from Iran’s oil ministry on its proposed price hike on a gas export agreement. Majid Hamid Jafar, the executive director of Crescent, stated: The al-Halal oil company has agreed to a price higher than what had been previously announced, and has called on (Iran’s) Oil [...]
Industry sources reported that Bahrain plans to triple its production of natural gas and crude oil. Bahrain’s National Oil and Gas Authority has signed an agreement with the U.S. firm Occidental Petroleum and the United Arab Emirate’s Mubadala Corp. for the development of the Bahrain Field. For full story, click here
China announced that it has signed a $3.2-billion gas deal with Iran which is holding the world’s second-largest natural gas reserves, for the production of 10.5 million tones of LNG annually in Iran’s South Pars gas field over the next three years. For full story, click here
Reliance Industries has announced that it has resolved almost all issues with fertiliser firms and is set to start natural gas supplies from the company’s KG-D6 fields in the east coast of India once the agreements with the respective companies are signed. For full story, click here
Phoenix Technology Income Fund announced that it has entered into an agreement to sell, on a bought deal basis, to a syndicate of underwriters. For full story, click here
With a new partner, favorable tax terms and an extended state exploration license, a group of businesses is looking for natural gas in the Nenana basin after a three-year hiatus in its exploration venture. For full story, click here
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