Block 56 is targeted for commercialisation in 2024. (Image source: Canva)
Swedish energy company Tethys Oil is gearing up for potential commercial success in two oil & gas blocks it operates in Oman. The firm, known for its revenues from non-operated Blocks 3&4 concession, is now focusing on exploring Blocks 56, 49, and 58 in Dhofar Governorate.
Up to 30 major upstream projects could reach FID in 2024, up from 22 in 2023, with Middle East NOCs sanctioning the largest projects, according to a new report from Wood Mackenzie
The majors are pushing into deeper waters. (Image source: Adobe Stock)
The upstream majors are forecast to spend less on upstream exploration from 2020-2024 than in the previous four-year period, but are pushing into frontier areas and deeper waters, according to recent research from Rystad Energy
There have been promising developments at Aramco's Jafurah gas field. (Image source: Adobe Stock0
Aramco’s gas development ambitions have been further strengthened with the announcement that it has boosted reserves by 15 trillion standard cubic feet (scf) of raw gas and two billion stock tank barrels (STB) of condensate at the Jafurah unconventional gas field
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of QatarEnergy, made the announcement during a press conference in Doha. (Image source: QatarEnergy)
QatarEnergy has announced that it is proceeding with a new LNG expansion project, the 'North Field West' project, to further raise the State of Qatar’s LNG production capacity to 142 mn tons per annum (MTPA) before the end of this decade, representing an increase of almost 85% from current production levels
