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Lebanon has 30 trillion cubic feet of tested offshore gas and 660 million barrels of oil
"In just 10 percent of that area... we have 30 trillion cubic feet (850 million cubic meters) of gas and 660 million barrels of oil" Speaking at the Arab Economic Forum, Gebrane Bassil said scanning was now complete on 70 percent of the country's territorial waters -- an area of some 15,000 square kilometers.


Exxon and Qatar plan to ship US natural gas to Britain
Exxon Mobil and Qatar Petroleum announced an agreement on Thursday to ship liquefied natural gas to Britain from their proposed export plant in the United States, offering another supply stream to the island nation as domestic output dwindles
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Kenya: Simba Energy signs MoU with Ajax Exploration to farm out Block 2A onshore Project in Kenya
Simba Energy, the onshore pan-African oil and gas explorer with assets in Kenya, Guinea and Chad, has signed a memorandum of understanding (MoU) with Ajax Exploration..


UK: Spike Exploration acquires Athena oil field production in deal with Dyas
Athena field (Source: Ithaca Energy)Spike Exploration UK (a wholly owned subsidiary of Spike Exploration Holding) has acquired 15% out of Dyas UK’s 32.5% working interest in the Athena oil field.


Australia - Beach Energy completes farm-in with Chevron in Nappamerri Trough Gas Ventures
All conditions precedent for the transfer to Chevron of initial Beach interests in PEL 218 and ATP 855 have been satisfied. Cash payments by Chevron to Beach relating to the initial farm- in have been made...

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Oil and Gas News:

***Shell moves forward on new Gulf Mexico development at Stones

***Petrobras ends its participation in OTC with session on subsea technology

***API announces California leasing decision another example of policy slowing energy development that could help economy

***Karoon discovers oil in the Bilby 1 exploration well in Brazil

******Petroleum Safety Authority Norway announces audit of control room on Valhall PH

***Multi-Corp International Inc Announces New Drilling Program Targeting Cave Pool Property


Oil and Gas Articles:

*** Middle-East 2013 Powerful People

*** Economies in the Middle East and North Africa

*** Iran Largest Oil Gas Reserves Holder in the World

*** Middle-East Contracts 2013

*** Middle-East Major Downstream

*** Opec Appointed New Chairman from Saudi Arabia for 2013

*** Colombia Is Fast Becoming a Rising Oil Giant in Latin America

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