Based on currently available geophysical data, the Lebanese government estimates that the offshore oil and gas frontier areas in the East Mediterranean may hold around 25 tcf of natural gas reserves, though this has yet to be proven
Exploration & Production
Gazprom Neft increases production in Iraq
Gazprom Neft subsidiary Gazprom Neft Middle East has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI)
KCA Deutag wins land drilling contracts in Middle East, Africa and Europe
Drilling contractor KCA Deutag (KCAD) has announced that its land drilling operation has won new contracts worth approximately US$460mn in the Middle East, Africa and Europe
‘Iran’s giant oil discovery brings little benefit under US sanctions’
Following the recent announcement of new giant oil discovery in Iran, with estimates of 53bn bbl in place, GlobalData analyst said the discovery will bring little benefits under the US sanctions
US oil production growth heading for major slowdown, says IHS Markit
The US shale production, the chief source of rapid growth that made the US the world’s largest oil producer, is slowing down fast, according to a new report by analytics firm IHS Markit
More Articles …
