Exploration & Production

Eni and Sonatrach continue to extend oil and gas operations in Algeria

Eni AlItaly’s Eni and Algeria’s Sonatrach have signed a series of agreement to collaborate in a number of oilfield projects and ramp up the North Africa country’s oil and gas production

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Abu Dhabi launches bidding round of six new oil and gas blocks

Licensing Blocks 3The Abu Dhabi National Oil Company (ADNOC) has announced the opening of six new oil and gas blocks for bidding, both onshore and offshore

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IEA's Birol sees US playing larger role in meeting oil demand

FatihFatih Birol, executive director of International Energy Agency (IEA) said that the US would meet about two-thirds of global oil demand in about five years, signalling that the US producers would continue to fill the gap left by production cuts from OPEC producers and Russia

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Bahrain says offshore oilfield could contain 80bbo

Bahrain Oil rigBahrain’s National Oil and Gas Authority (NOGA) said its estimates tight oil amounting to at least 80bbo in what has become the country’s largest discovery of oil and gas ever

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Halliburton’s new Stega drill bit to increase drilling efficiency

hali drilAmerican multinational oilfield services company Halliburton has released Stega™ advanced drill bit, to optimise the placement of backup cutters to improve bit durability without decreasing drilling efficiency or rate of penetration (ROP)

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