Exploration & Production

US oil to surpass Russia and Saudi Arabia by 2025

35440893341 88a5d6c4f4 zThe US is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025, according to a report by the independent research firm Rystad Energy

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BP invests US$5mn in AI technology to boost upstream activities

sandy ai.jpg.img.1920.mediumBritish oil company BP Ventures said it has invested US$5mn in Artificial Intelligence (AI) and digital capabilities for its upstream business

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Global gas supply achieves highest production growth in 2018

28454657832 15321effac zThe oil and gas industry achieved a net production increase of 164 bcm, which represents the highest production growth since 2010, according to a research by Rystad Energy

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BP and Eni pursue major new exploration opportunity in Oman

BP eniBP and Eni have signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in Oman

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Eni signs MoU for conducting petroleum exploration in Bahrain

Bahrain oil rig 14National Oil and Gas Authority of Bahrain (NOGA) and Eni have signed a MoU agreement, aiming to pursue petroleum exploration of Block 1, an offshore area of more than 2,800 sq km that is largely unexplored

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