The Lebanese government has approved the opening of the country’s much anticipated second offshore licensing round. Interested companies will be expected to submit their bids by 31 January 2020
Exploration & Production
Gazprom Neft expands oil production in Iraq
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI)
Morocco awards operatorship of Lixus offshore licence to Chariot
UK-based Chariot Oil & Gas Limited has won a 75 per cent interest and operatorship of the Lixus offshore licence in Morocco
E&P free cash flows soar to record-levels: Rystad Energy
The world’s publicly listed oil and gas companies saw their free cash flow (FCF) for public exploration and production (E&P) companies soared to almost US$300bn last year and 2019 could turn out to be another blockbuster year, according to an analysis by Rystad Energy
Limited risk to oil majors’ investments from energy transition in medium term: GlobalData
Major oil and gas companies are pursuing major production growth projects but, according to GlobalData, a data and analytics company, the value risk to these investments from the energy transition is limited
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