The U.S. and Mexican governments on Feb. 20 agreed to jointly develop, along the countries’ maritime border in the Gulf of Mexico, oil and gas reservoirs that could contain up to 172 million barrels of oil and 304 billion cu ft of natural gas, according to the Bureau of Ocean Energy Management, or BOEM.
Tanzania has stepped up the pace for building a $1-billion natural-gas pipeline, accelerating the project’s target completion date to December 2012 from the initial March 2013 goal.