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Back in April, Japan published a report announcing the discovery of huge reserves of rare earth close to the Minamitori Island, 1800km away from Tokyo. Scientists discovered 16 million tons of rare earth elements encapsulated in mud 6000 meters underwater, enough to supply the national electronic industry and the world consumption for at least 400 years.

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ExxonMobil signed agreement with Impact on Tugela The super major ExxonMobil signed an agreement with the junior Impact oil and Gas Ltd (Impact) for the exploration of Tugela South Exploration Right offshore South Africa. According to the terms of the agreement, ExxonMobil is to acquire 75% of the interests in the Tugela South Exploration Right and […]

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KOC to give priority to onshore exploration During  Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Kuwait Oil Company (KOC) announced to have received  mandate from Kuwait Petroleum Company (KPC) to increase crude oil production from actual 3 million b/d to 4 million b/d by 2030. Considering the age and the level of maturity of the actual fields in […]

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Harness natural energy resources for human benefit In 1991, the Russian Government published the decree to establish the Langepas Uray Kogalymneft Petroleum Corporation. In 1993, the Langepas Uray Kogalymneft Petroleum Corporation was transformed in open joint stock company under the name of Lukoil Oil Company. Today, Lukoil is listed in London Stock Exchange with the capital dominantly […]

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Canacol, ExxonMobil, Nexen, Shell lead exploration The national oil company Ecopetrol invites international oil companies such as Canacol, ExxonMobil, Nexen, Shell for partnership to explore and develop shale gas in Colombia. Ecopetrol is owned at 88.5% by the Colombian Government while the remaining shares are floated at the Bogota and New York stocks exchanges. After Mexico […]

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Powering Possibilities The Saudi Arabian Oil Company (Saudi Aramco), the state-owned oil company of the Kingdom of Saudi Arabia is headquartered in Dhahran. Saudi Aramco ranks first among oil companies worldwide in terms of:  – Crude oil production and exports  – Natural gas liquids (NGL) exports, and are among the leading producers of natural gas.     As […]

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