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
Exploration & Production
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
Egypt asset exceeds our pre-drill expectations, says UOG’s CEO
Brian Larkin, CEO of United Oil & Gas (UOG), said the result of the El Salmiyah-5 well on the Abu Sennan concession in Egypt has significantly exceeded the company’s pre-drill expectations
TransGlobe Energy reports Q1 net loss of US$55.2mn.
Oil and gas company TransGlobe Energy has reported Q1 net loss of US$55.2mn (US$0.76 per share)
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