In 2017, oil reserves decreased slightly (-0.2 per cent) mainly due to reduction in some OPEC countries, according to Eni’s 17th edition of the ‘World Oil, Gas and Renewables Review,’ the annual statistics report on oil, natural gas and renewables sources

A new specialised oil and gas services company, DEEPS, has opened an office in Lebanon, aiming to explore oil and gas potential in the region

A Rystad Energy review of the performance of their recent projects against those of other operators shows that the three European oil giants, BP, Eni and Shell have outperformed their competitors

OPEC maintaining its role as a major oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, said global natural resources consultancy firm Wood Mackenzie

A subsidiary of Weatherford International plc has signed an agreement with ADES International Holding Ltd. for the sale of Weatherfords land drilling rig operations in Algeria, Kuwait and Saudi Arabia, as well as two idle land rigs in Iraq