The World Economic Forum (WEF) has recognised Aramco’s Khurais oil facility as a leader in the adoption and integration of cutting-edge technologies of the Fourth Industrial Revolution (4IR)
Exploration & Production
Sonatrach signs MoU with Cepsa for exploration and production activities in Algeria
Algeria’s oil and gas company Sonatrach and Cepsa have signed a Memorandum of Understanding (MoU) to explore joint investment opportunities in Algeria’s hydrocarbon exploration, development and production areas
Eni announces new oil discovery and new production in Egypt
Eni has announced the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession
Sweden’s Tethys Oil signs new exploration block onshore Oman
Oman and Swedish company Tethys Oil have signed an exploration and production sharing agreement (EPSA) or Block 58 onshore Oman
Half year discoveries lowest this century, says Rystad Enegry
Rystad Energy has revealed that, in the first half of 2020, the global discovery of conventional resource volumes reached only 4.9 billion barrels of oil equivalent (boe) – the weakest performing first half of the 21st century
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