Exploration & Production
Global oil and gas discoveries reach four-year high in 2019, says Rystad Energy
Global oil and gas explorers discovered 12.2bn boe in 2019, the highest volume since 2015, according to data from independent energy research company Rystad Energy
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ExxonMobil secures exploration acreage offshore Egypt
ExxonMobil has secured more than 1.7mn acres for exploration offshore Egypt
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Saudi Arabia, Kuwait to resume oil production at Saudi-Kuwaiti Partitioned Zone
Saudi Aramco has welcomed the new agreement signed between Saudi Arabia and Kuwait regarding the Saudi-Kuwaiti Partitioned Zone, which paves the way for the resumption of oil production at two fields
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Wintershall signs EPSA agreements with Libya’s NOC
Wintershall Aktiengesellschaft (WIAG), a crude oil and natural gas producer, and Libya’s National Oil Corporation (NOC) have signed two exploration and production sharing agreements (EPSAs) for Areas 91 (former Concession 96) and 107 (former Concession 97) in the onshore Sirte Basin
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Rystad Energy: Big E&P spending still needed
Energy 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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