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British Petroleum sell Pan American Energy to Bridas Corporation
British Petroleum or BP has agreed to sell its share of Pan American Energy, an Argentina-based oil and gas company, to Bridas Corporation as part of its plan to divest $30 billion of assets by the end of next year. Pan American Energy produces oil and gas in the southern cone of South America. It [...]
Sunday, November 28th, 2010Lebanon 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, 2010