Industry Developments

The overall business environment is highly unattractive in a regional context, thanks largely to high levels of perceived political and economic risk, plus the country's lack of progress... 2006-05-31

One of Libya's largest natural gas fields made its official debut recently, with production earmarked for the lucrative European market. Shukri Ghanem, the North African country's... 2006-05-30

US oil majors Chevron and ExxonMobil have struck oil in Block 1 in the Nigerian-Sao Tomean Joint Development Zone (JDZ), the result of the first well drilled by the two companies... 2006-05-30

Delays on the part of Japanese companies contracted to develop Iran's giant Azadegan oil field may result in Tehran terminating the deal later this year. Given that Japan is under... 2006-05-26

Ahead of the imminent inauguration of its US$1-billion Oryx gas-to-liquids (GTL) plant, Qatar is now pressing for a decision to launch another project - Pearl - later this year. Oryx,... 2006-05-26

Saudi Arabia's state-owned Aramco and the third-biggest US oil firm ConocoPhillips are today expected to sign a deal for a second new refinery in the Kingdom, in the wake of French... 2006-05-24

Even as the Bush administration extended sanctions against Syria for a year, the Arab country inked earlier this month an oil production sharing agreement with US independent Marathon... 2006-05-24

Algeria has landed a major deal with Endesa, Spain's biggest utility, to supply it with 960mn cubic metres (mcm) of gas per year for the next 20 years, highlighting the North African... 2006-05-24

Even as Pakistan, Iran and now India meet up in the Pakistani capital of Islamabad to discuss pricing issues for gas se to be transported through the proposed pipeline linking the... 2006-05-23

Russia's independent oil company Russneft joins four domestic companies vying to buy Israel's US$380mn Ashod refinery in the final bidding ground. Russneft, the only foreign energy... 2006-05-23