Exploration & Production

Egypt asset exceeds our pre-drill expectations, says UOG’s CEO

1432865036 89047c9244 cBrian Larkin, CEO of United Oil & Gas (UOG), said the result of the El Salmiyah-5 well on the Abu Sennan concession in Egypt has significantly exceeded the company’s pre-drill expectations

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TransGlobe Energy reports Q1 net loss of US$55.2mn.

47448215802 5d01495b73 oOil and gas company TransGlobe Energy has reported Q1 net loss of US$55.2mn (US$0.76 per share)

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Sonatrach signs MOU with Russia’s Lukoil

wengang zhai 7757CqIYqTo unsplashAlgeria’s Sonatrach and Russian company Lukoil have signed a memorandum of understanding (MoU)

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Lebanon’s first offshore well fails

5ea6fbe499a79 Bf666BTotal’s well offshore Lebanon has not been able to find a reservoir in the Tamar formation, which was the target of this exploration well

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Global E&P revenues to fall by US$1 trillion in 2020: Rystad Energy

25280651877 91213acddc cThe devastating effect of the COVID-19 pandemic on global oil and gas exploration and production (E&P) companies is better understood by looking at the industry’s expected total annual revenues for 2020

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