Subscribe free to our newsletters via your
. Earth Science News .




OIL AND GAS
Angola's potential 'enormous,' U.S. Secretary of State Kerry says
by Daniel J. Graeber
Luanda, Angola (UPI) May 5, 2013


Auction for Egyptian energy blocks set for July
Cairo (UPI) May 5, 2013 - The state-owned natural gas company in Egypt announced it extended a deadline for bids to explore eight license areas to July.

State-owned Egyptian Natural Gas Holding Corp. announced Sunday nearly two dozen licenses would be put on the auction block in July, rather than in May when originally planned.

The company offered no reason for the extension.

Energy companies have been reluctant to invest in Egypt since the 2011 revolution. Though staying on as the operator, U.S. energy explorer Apache Corp. last year sold a 33 percent share in its oil and gas business in Egypt to Sinopec, known formally as China National Petroleum Corp.

Last week, British company BG Group said it had questions about the durability of its Egyptian operations because the Egyptian government was taking on more natural gas than expected.

Egyptian militants last year targeted vital gas infrastructure in the Sinai Peninsula and the country's military has since ramped up its patrols offshore to protect key transit routes in the Suez Canal.

Some of the biggest energy companies in the world are in Angola to the benefit of the nation's economy, U.S. Secretary of State John Kerry said.

Kerry arrived Sunday in Angola during his tour of African nations, and met there with representatives from Chevron, Exxon Mobil and ConocoPhillips to hear their energy strategies in the country.

Chevron, a new player in the Angolan energy sector, has already created more than 3,000 jobs in the country, the secretary said.

"We're standing in a place of enormous economic activity with great promise for future economic growth and development," he said in a statement.

Last month, French energy company Total said it would invest $16 billion in development the Kaombo oil project off the Angolan coast.

The field, which has an estimated 650 million barrels of reserves, should produce 230,000 barrels of oil per day for Angola once operations begin.

Angola is a member of the Organization of Petroleum Exporting Countries. It has 9 billion barrels of proven crude oil reserves and produces on average 1.7 million bpd.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY TECH
UEA research shows bacteria can combat dangerous gas leaks
Norwich, UK (SPX) Apr 30, 2014
Bacteria could mop up naturally-occurring and man-made leaks of natural gases before they are released into the atmosphere and cause global warming - according to new research from the University of East Anglia. Findings published in the journal Nature shows how a single bacterial strain (Methylocella silvestris) found in soil and other environments around the world can grow on both the me ... read more


ENERGY TECH
'Canners' live off detritus of New York

US finds missing British yacht in Atlantic, but no crew

Malaysia to discuss with Inmarsat on release of "raw data"

China says Vietnam riot killed four people

ENERGY TECH
Microsoft allies with Salesforce.com in 'cloud' push; Acer launches software 'cloud' service

Australia's Orica plans to ship toxic waste to France

Liquid crystal as lubricant

From separation to transformation: Metal-organic framework shows new talent

ENERGY TECH
Satellite imagery shows drought-ridden Lake Powell at half capacity

Australian environmentalists welcome bank wariness on reef port

Bottom trawling causes deep-sea biological desertification

Better science for better fisheries management

ENERGY TECH
Study shows iron from melting ice sheets may help buffer global warming

Hidden Greenland Canyons Mean More Sea Level Rise

WTO rejects Canada, Norway appeal against EU seal import ban

Nepal glaciers shrink by quarter in 30 years: scientist

ENERGY TECH
Asia's largest wine expo opens in Hong Kong

European farmers adapting to climate change

Wondering about the state of the environment? Just eavesdrop on the bees

US Farmers Can Turn their Ag Waste Problems into Profit

ENERGY TECH
Amanda becomes category four hurricane in Pacific

Hundreds wounded as strong quake sparks panic in Turkey

Amanda strengthens to become season's first hurricane

Massive clean-up in Balkans after flood of the century

ENERGY TECH
Northern Mali rebels agree to ceasefire: diplomat

UN Council seeks tighter Somali control of weapons

US troops deploy to Chad in hunt for Nigerian girls

S.Africa elephant park accused of 'horrific' cruelty

ENERGY TECH
Virtual dam on after-hours emails tackles burnout

Preschool teacher depression linked to behavioral problems in children

US military opens door to gender treatment for Manning

Longevity gene may boost brain power




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.