Production has been resumed at Libyas Waha oil field, bringing overall production from the site to 580,000 barrels per day, according to a senior Libyan oil official
Libya's Waha oil field resumes production
Exploration & Production
Subsea 7 wins offshore contract in Egypt with Pharaonic Petroleum Company
Subsea 7 has been awarded a substantial offshore Egypt contract by Pharaonic Petroleum Company, which will be executed at depths of more than 900 metres in the new Atoll field, off the coast of Damietta
Saudi Aramco signs deal with NPCC for offshore programme
Saudi Aramco has inked a long term agreement (LTA) with the Abu Dhabi’s National Petroleum Construction Company (NPCC) for its offshore development programme
Energy demand to peak by 2030, says World Energy Council
The World Energy Council (WEC) has predicted that the global demand for energy will peak before the year 2030, despite historic growth trends which have seen demand double since 1970
ADNOC brings together its two biggest offshore units
Abu Dhabi National Oil Company (ADNOC) is combining its two biggest offshore operations, as part of efforts to streamline management and operations and enforce an entrepreneurial culture in what is predicted to be a prolonged slump in oil prices
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