Gas pipeline fuels the West

Article Abstract:

Georgia is set to see the construction of an extensive network of gas and oil pipelines as it becomes one of the key transit routes for Caspian oil. It is benefiting from growing interest among leading multinational companies in oil in the region. Its own reserves of oil are estimated at 580 million tonnes, with the Black Sea Shelf accounting for around 200 million tonnes. It is also estimated to have reserves of 148 billion cu mt of natural gas. Foreign investors have been attracted to almost every oil exploration block in Georgia.

Exploratory Oil & Gas Wells, Natural gas wells, Georgia (Nation), Oil wells

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Eskimos surrender to lure of oil

Article Abstract:

There are rumours that Greenland may see the rapid creation of a thriving mining industry. This would be a welcome development in a country where the economy has become very weak. Scandinavian oil concerns Phillips and Statoil have been awarded offshore exploration licences in the Danish Strait, with seismic testing having revealed potential oil and gas reserves covering 400,000 sq km. Following lengthy negotiations with Denmark, Greenland will gain full control of the administration of its mineral resources on Jul 1, 1998.

Exploratory Offshore Oil & Gas, Greenland, Offshore oil fields

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UK: BP MAKES HUGE CARIBBEAN GAS DISCOVERY

Article Abstract:

BP has made one of its biggest gas finds off the coast of Trinidad and Tobago. It indicated gas volumes of 3tr cubic feet, which is equivalent to some 630mn barrels.

Capital expenditures, Trinidad and Tobago, Exploratory Offshore Gas Wells, Offshore Gas, Human resource management, Natural gas, Gas industry, British Petroleum Company p.l.c, Offshore gas fields

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