Exploration & Production

Rystad Energy: Big E&P spending still needed

48403587242 86a774201d cEnergy projects that need oil prices above US$60 per barrel in order to break even risk being uncommercial going forward, according to the Norwegian energy research firm Rystad Energy

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Petrofac to collaborate on global wells programme

28167716069 2be0c25b88 cPetrofac’s Engineering and Production Services division (EPS) has signed a well management contract under Maersk Drilling’s master alliance agreement with Seapulse Ltd, an exploration company

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Total enters Libya’s Waha Concessions

46203156432 ccccae8963 cFrench major Total and Libya’s National Oil Corporation (NOC) have signed an agreement to implement Total’s participation in the Waha concessions, located in the Sirte Basin in Libya

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East Mediterranean may hold around 25 tcf of natural gas reserves

16807826790 792a76d1be cBased on currently available geophysical data, the Lebanese government estimates that the offshore oil and gas frontier areas in the East Mediterranean may hold around 25 tcf of natural gas reserves, though this has yet to be proven

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Gazprom Neft increases production in Iraq

GazpromGazprom Neft subsidiary Gazprom Neft Middle East has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI)

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