Industry

DEEPS to explore Lebanon’s oil and gas potential

DEEPSA new specialised oil and gas services company, DEEPS, has opened an office in Lebanon, aiming to explore oil and gas potential in the region

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BP, Eni and Shell outperforms their peers, says Rystad Energy

Rystard EnergyShellA Rystad Energy review of the performance of their recent projects against those of other operators shows that the three European oil giants, BP, Eni and Shell have outperformed their competitors

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‘OPEC producers crucial to world’s crude supply through to 2040’

OPEC oil rig 16OPEC maintaining its role as a major oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, said global natural resources consultancy firm Wood Mackenzie

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Weatherford to sell off drilling rig operations

orme weatherforddrillingA subsidiary of Weatherford International plc has signed an agreement with ADES International Holding Ltd. for the sale of Weatherford's land drilling rig operations in Algeria, Kuwait and Saudi Arabia, as well as two idle land rigs in Iraq

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'Iraq offers US$30bn FDI opportunity in oil and non-oil sectors'

Iraq erbilIn line with Iraq’s ambitious aim to implement a stable macroeconomic framework in the country, the government seeks to unlock potential investment opportunities in both the oil and gas as well as non-oil sectors, said Frost & Sullivan, a global market research and analysis firm

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