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
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)
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
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
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
