Unlike Nigeria’s deepwater sector which has been hampered by a significant dip in the flow of investments, the volume of new oil reserves coming from the global industry has been on an upward trend since the 1990s and has become particularly significant in recent years. From 2006 to 2009, yearly global deepwater discoveries in over [...]
Archive for August, 2010
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Six Cos Bidding for O&G Licenses Deutsche Presse-Agentur
Posted by admin on August 4th, 2010
At least six foreign companies have shown interest in obtaining licenses to explore and develop oil and gas fields in Mozambique, the National Petroleum Institute, said. INP in a statement said it had just closed the fourth tender for the concession of potential areas for exploration and production of hydrocarbons in various regions of the [...]
Egypt Mulls Reducing Rigs in Gulf of Suez after Spill
Posted by admin on August 4th, 2010
Egypt is studying reducing the number of oil rigs in the Gulf of Suez after a recent oil spill near the shores of the Red Sea city of Hurghada, a major international tourism destination. “We are currently studying reducing the number of oil platforms in the Gulf of Suez,” Egyptian Oil Minister Sameh Fahmy said [...]
