Posts Tagged ‘gas reserves’

Malaysia to Invest $5-$6B in Iran’s Gas Fields

December 3rd, 2008

Xinhua News Agency
Malaysia will invest US $5 to $6 billion in Iran’s gas fields, according to the cooperation memoranda of understanding (MOU)s that the two sides signed on Monday, Iran’s satellite press TV reported Tuesday.
“Malaysia will invest $5 to $6 billion via buy-back contracts in two Iranian gas fields (Ferdous and [...]

Pertamina names potential companies for Natuna gas

November 17th, 2008

JAKARTA, Nov 17 - Indonesian state oil firm Pertamina has named eight international oil and gas companies, including Exxon Mobil , Chevron and France’s Total , as its potential partners to develop the giant Natuna D-Alpha gas field, a senior company official said on Monday.
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Karen Agustiawan, Pertamina upstream director, told Reuters by short text [...]

Exxon Profit Rises, Tops Estimates, After Oil Surges (Update4)

October 31st, 2008

By Joe Carroll
Oct. 30 (Bloomberg) — Exxon Mobil Corp., the world’s biggest oil company, said third-quarter profit jumped 58 percent, exceeding analyst estimates, as record crude prices made up for the largest drop in output in at least a decade.
Net income rose to $14.8 billion, or $2.86 a share, from $9.41 billion, or $1.70, [...]

Shell agrees landmark 4.0 bln-dlr gas deal with Iraq

September 11th, 2008

BAGHDAD (AFP) — Royal Dutch Shell will form a gas venture with energy-rich Iraq worth up to four billion dollars, the oil ministry said Tuesday of the first Western oil major to do a deal with the central government since the 2003 invasion.
The venture to capture unwanted gas burned off during oil production, for domestic [...]

EU sees security in Sahara gas pipeline - Piebalgs

September 10th, 2008

By Pete Harrison
BRUSSELS, Sept 9 (Reuters) - A giant gas pipeline carrying Nigerian gas north across the Sahara desert could help the European Union diversify its energy sources, the EU’s energy commissioner said on Tuesday.
The EU relies on Russia for about 40 percent of its gas and a third of its oil, but it has [...]