In 2018, about 200 new oil and gas projects, with a collective amount of US$127bn, might get approval by year-end, according to Rystad Energy
Exploration & Production
Eni announces lease extension of Egypt’s assets, granted new license
Eni, Africa-focus oil and gas company, has announced a new concession agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, which has received approval by Egyptian authorities
BHGE wins contract for recovery of flare gas at Iraqi oilfields
Baker Hughes, a GE company (BHGE), has been awarded a contract by the South Gas Company of Iraq (SGC) to help in the recovery of flare gas for Nassiriya and Al Gharraf oilfields
DNO passes production target at Peshkabir oil field
DNO ASA, the Norwegian oil and gas operator, has announced that a fourth well has been put on production at the Peshkabir field in the Kurdistan region of Iraq
Saipem wins new E&P contract in Saudi Arabia
Africa-focused Italian oil and gas major Saipem has received onshore E&C contracts in Saudi Arabia, Serbia, Mexico, Iraq and Nigeria, which worth approximately US$800mn
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