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
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Lebanese contested waters to open for bids
Lebanon has insisted that it will not cede the 870 square kilometres to Israel or share it with anyone, but said it is ready to allow the United Nations to demarcate the disputed zone to determine the legal owner, a suggestion rejected by Israel
Lebanon to place oil revenues in sovereign fund
Seismic studies, which began in 2013, indicate that Lebanon possesses several trillion cubic feet of oil and gas within its territorial waters
Kufpec buys Thailand gas field stake from Shell
The move is the latest stage of the Anglo-Dutch company’s push to reduce debt after buying smaller rival BG Group for $70bn, bringing its total divestments since April 2015 to 8.7bn
NISOC, Pasargad Energy sign oilfield agreement
The agreement is an effort to develop Rag Sefid, Parsi and Shadegan oilfields in Khuzestan Province based on a customised framework developed by NISOC
Oman’s Khazzan tight gas to start by Q4 2017
Located on a previously undeveloped desert site 350km south of Muscat, work on the Khazzan tight gas project began in 2014 and the completed development will eventually contribute roughly a third of Oman’s supply
Schlumberger to develop 3 Iranian oilfields
Alipour noted that negotiations were held with 33 international firms to cooperate in joint ventures and several Memoranda of Understanding have been signed
OMV plans to increase its Abu Dhabi investments
OMV has significant investments in Abu Dhabi and has three ongoing projects with Adnoc, including Shuweihat with Wintershall, an appraisal project for undeveloped offshore fields Occidental Petroleum and an exploration project for the Eastern Region
OMV buys Oxy’s stake in Libya’s Nafoura oil field
The sale, reported by industry publication International Oil Daily, was finalised late in 2016, though it remains unclear how much OMV paid
Iran’s Dana signs MoU with OMV
OMV said that both parties agreed to evaluate possible upcoming development and re-development projects in the Iranian oil and gas industry