Russia’s biggest privately-owned oil producer Lukoil has withdrawn from an oil exploration project in Vietnam, the company’s chief Vagit Alekperov said on February 12, RIA Novosti has reported.
Iran will offer international companies better oil contracts than OPEC-rival Iraq as the Islamic republic seeks long-term investment to revive its energy industry, a government adviser said, Bloomberg reported on February 10.
The Geology Institute of Azerbaijan National Academy of Sciences (ANAS) started oil exploration in the Yevlakh and Mingachevir regions, Azernews reported on January 29.
Angola plans to speed up oil exploration from 2014 by licensing up to 15 new blocks every two years, testing more wells in the promising pre-salt layer and developing its operations in Iraq, the country's oil minister told Reuters on November 7.
Britain has hit back at briefings by Argentine officials that have ramped up tensions over oil exploration off the Falkland Islands, Proactive Investors reported on November 7.
The government of Angola is ready to consider the proposals of Russian oil company Rosneft on its participation in oil development in the country, although it has not received any bids from the company yet, Prime has quoted Minister for Petroleum Jose Maria de Vasconcelo