BP Amoco, Sonatrach plan joint deal to develop Algerian gas fields

Article Abstract:

BP Amoco PLC and Sonatrach will jointly develop natural gas reserves in Algeria. BP and Sonatrach will develop the $2.5 billion (2.49 billion euros) In Salah natural gas field in the Sahara desert.

Joint ventures, Algeria, Natural resources, BP PLC, Sonatrach

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Enterprise Oil Signs Agreement With Petropars on Iran Gas Fields

Article Abstract:

Petropars Ltd. will sell a 20% stake in its $2.65 billion natural gas development project to United Kingdom's Enterprise Oil PLC. Petropars, which is owned by the National Iranian Oil Co., will tap the huge South Pars gas fields in Iran.

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Iran, Mergers, acquisitions and divestments, Petropars Ltd., Enterprise Oil PLC

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Saudis offer gas rights to foreign companies

Article Abstract:

Foreign oil firms have been invited by Saudi Arabia to make bids for natural gas exploration and production rights in the desert kingdom. Saudi Arabia is attempting to develop its energy resources quickly in order to drive economic growth.

Strategy & planning, Saudi Arabia, Planning, Discovery and exploration, Company business planning

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