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Lebanon Natural Gas exploration 2012
Natural gas, Lebanon’s energy minister said his country plans to outline its maritime sea borders and auction off rights to explore potential offshore natural gas and petrol reserves by 2012. “Now that the law on the exploration of offshore oil and gas reserves has been passed by parliament, we expect to begin the licensing process [...]
Monday, August 30th, 2010Petroleum Geo Services Explain Offshore Eastern Mediterranean
Petroleum Geo-Services explain why they think a new hydrocarbon province could open up offshore Cyprus and Lebanon in the next few years. With industry interest reawakened by recent deepwater, sub-salt gas finds offshore Israel, the eastern Mediterranean and Levantine Basin today loom large on the frontier exploration agenda. Offshore Cyprus and Lebanon are huge unexplored [...]
Thursday, March 4th, 2010British Oil Exploration Drilling Falkland Island
British oil exploration company began drilling near the Falkland Islands, a development that could worsen tensions between Britain and Argentina, which fought a war over the disputed islands nearly three decades ago. Desire Petroleum PLC said it started drilling for oil about 60 miles (100 kilometers) north of the disputed Falkland Islands, despite strong opposition [...]
Tuesday, February 23rd, 2010