Spending on exploration (excluding appraisal) will recover from historic lows to average US$22bn per annum in real terms over the next five years, according to a new report from Wood Mackenzie, although it is unlikely to reach past highs

Moin Siddiqi, economist, examines whether Libya can regain its status as a prominent oil producer and exporter

Arabian Drilling Company, a major national onshore and offshore drilling contractor in Saudi Arabia, has announced that Aramco has extended several onshore contracts and one offshore rig contract, due to expire in 2023, for periods ranging from three to 10 years

Geo-data specialist Fugro has completed the Middle East’s first remotely operated subsea inspection using a low-carbon emission uncrewed surface vessel (USV)