More than half of the world’s planned licensing rounds are likely to be cancelled this year due to the combined effect of the COVID-19 pandemic and the ongoing oil price war, a Rystad Energy impact analysis forecasts
Exploration & Production
‘Investors unlikely to commit exploration budget to licensing rounds in near term’
Investors have not faced both a decrease in global oil demand and a significant and potentially prolonged increase in oil supply at the same time before, which has created unparalleled uncertainty
SDX Energy finds new gas onshore Morocco
SDX Energy, the MENA-focused oil and gas company, has encountered commercial quantities of gas from its new Morocco well
US$20 trillion to be spent on natural gas E&P over next 20 years: Xodus Group
Xodus Group new report shows that as much as US$20 trillion would need to be spent on natural gas exploration and production over the next 20 years
Ganoub El Wadi Petroleum Holding Company (Ganope) plans to achieve a rise in petroleum production by 17 per cent, with daily production average to reach 27,500 bpd
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