Qatar and Exxon Mobil have agreed to jointly develop the much delayed Barzan gas project at a cost of US$8.6 billion and will supply 1.4 billion cubit feet of gas.

Iranian officials have announced that the country has awarded new contracts worth US$6.5 billion in the gas sector.

Dana Gas says it will retain natural gas exploration concessions in Egypt's Nile Delta region after revealing a 20 per cent increase in production in 2010.

A US$12.5 billion agreement between Iraq, Royal Dutch Shell and Mitsubishi Corp. for the capture of flared-off natural gas in Iraq's oil fields in the south will hopefully be signed in January 2011.

Abu Dhabi Gas Industries (Gasco), which is a subsidiary of Abu Dhabi National Oil Co (Adnoc), awarded two contracts valued at US$1.2 billion to the Italian unit of French oilfield firm Technip and Dodsal India.