Here is a brief overview of the weeks new on Oil Review Middle East, from 7th - 11th May 2017
Exploration & Production
Global oil discoveries and new projects fell to historic lows in 2016
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could into and through 2017
Alderley re-enters the Iran market
Alderley are delighted to be able to move back into the Iranian market since the lifting of sanctions
Libya oilfields restart fuels concerns about global glut
Libyas Sharara and El Feel oilfields returned to production this week after protests which blocked the pipelines came to end
Oman Oil Company and Shell sign exploration agreement
Oman Oil Company (OOC) and Shell Exploration have signed a heads of agreement to work together on Oman Block 42