BP and Eni have signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in Oman

National Oil and Gas Authority of Bahrain (NOGA) and Eni have signed a MoU agreement, aiming to pursue petroleum exploration of Block 1, an offshore area of more than 2,800 sq km that is largely unexplored

Dr Sultan bin Mohamed Al Qasimi, supreme council member and ruler of Sharjah, has signed a long-term agreement awarding Eni three concessions to explore and develop onshore oil and gas fields in a 30-year partnership with Sharjah National Oil Corporation (SNOC)

Brent Crude oil, which collapsed 40 per cent in Q4 2018 to almost hit a floor of US$50 a barrel, will recover this year and average above US$60 a barrel