Exploration & Production

‘New licensed offshore acreage is likely to fall by about 60 per cent’

francesco boncompagni dEBvDbDH4P4 unsplashMore 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

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‘Investors unlikely to commit exploration budget to licensing rounds in near term’

ships 4426675 640Investors 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

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SDX Energy finds new gas onshore Morocco

6810279563 5e06094f92 cSDX Energy, the MENA-focused oil and gas company, has encountered commercial quantities of gas from its new Morocco well

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US$20 trillion to be spent on natural gas E&P over next 20 years: Xodus Group

Pivot to GasXodus 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

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Egypt’s Ganope to boost petroleum production by 17 per cent

 720x370Ganoub 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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