Brent crude oil prices to recover in 2019 and average at US$60+ a barrel: GI survey
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
E&P
Transglobe sees production increase in Egypt
Transglobe Energy Corporation has submitted the declaration of commercial oil well discovery for SGZ – 6X discovery, to begin development discussions with the Egyptian General Petroleum Company (EGPC), the company said in Q4 2018 update
Promoting local capabilities in oilfield services
Sherif Foda, Chairman and CEO of National Energy Services United Corp. (NESR) discusses the company’s expansion plans and its focus on promoting local capabilities in an exclusive interview with Oil Review Middle East
NESR to open a facility in King Salman Energy Park
National Energy Services Reunited Corp (NESR), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) region, has signed a land lease agreement with Saudi Aramco to build a state of the art operating facility in the newly launched King Salman Energy Park (SPARK)
Mubadala Petroleum acquires 20 per cent stake in Egypt’s Nour Concession
Mubadala Petroleum has completed the acquisition from Italy’s Eni of a 20 per cent participating interest in the Nour North Sinai Offshore Area concession, an offshore exploration block in Egypt
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