• Most Popular
  • Most Shared

Eq. Guinea sees full approval for Noble gas project

Tue Jul 7, 2009 9:18am EDT

Stocks

   

CAPE TOWN, July 7 (Reuters) - Equatorial Guinea expects to award Noble Energy (NBL.N) a full approval for its gas project in the country in the coming week, the vice energy minister said on Tuesday.

Vice Minister of Mines, Industry and Energy Gabriel Obiang Lima told an African energy conference in Cape Town that the company had already been awarded a technical approval for the project.

"Noble has had a very successful campaign... I'm pleased to confirm that the prospect... (and) plan of developing has been approved on a technical basis and full approval is expected in the coming week," he said.

Lima also said the project set out for $2 billion to be spent over five years, with first production seen in the first quarter of 2012. (Reporting by Wendell Roelf)



More from Reuters

Photo

Microsoft loses Word appeal, will adjust program

SEATTLE (Reuters) - Microsoft Corp said on Tuesday it will tweak its Word application to remove a feature judged to be a breach of patent, ensuring that it will be able to continue selling one of its most widely used programs.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
Soldiers look on as U.S. Secretary of Defense Robert Gates speaks to soldiers at F.O.B. Warrior in Kirkuk, Iraq December 11, 2009. REUTERS/Justin Sullivan/Pool

Are you pregnant? Sir! No, Sir!

There are some 115,000 U.S. troops in Iraq -- and one commander wants to make sure his soldiers don't multiply.  Full Article 

Politics