Exploration

In November, Total signed a preliminary agreement, worth $4.8bn, as the head of an energy consortium to develop Phase 11 of the giant South Pars field in the Gulf’s waters that Iran shares with Qatar

Since the acquisition of 76 percent equity interest in GAPCO by REPDMCC in 2007, GAPCO has significantly grown and is one of the leading petroleum marketing companies in East Africa.

QP, the world’s largest LNG producer, has been pursuing deals in Cyprus where it “won a bid for 40% of a plot for exploration” and recently “went into Morocco for exploration”, Saad Sherida al-Kaabi has said

The order, booked in the energy and process segment, has a value of approximately US$16.3 million and its delivery is scheduled for 2017 and 2018.

The sharp fall in LNG prices in last one year has made it attractive for Sri Lanka to pursue gas-based power generation

Luksar, as the project is known, was 80% owned by Lukoil and 20% by Saudi Aramco

BP Oman plans to start the drilling of the first exploratory well of gas before the end of 2016