Exploration & Production

Cash, low-risk growth remain priorities for oil companies in 2018

Oil RigEnergy consultancy Wood Mackenzie says that key priorities for upstream oil and gas companies for 2018 remained largely the same, according to a survey it conducted

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Eni and Sonatrach continue to extend oil and gas operations in Algeria

Eni AlItaly’s Eni and Algeria’s Sonatrach have signed a series of agreement to collaborate in a number of oilfield projects and ramp up the North Africa country’s oil and gas production

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Abu Dhabi launches bidding round of six new oil and gas blocks

Licensing Blocks 3The Abu Dhabi National Oil Company (ADNOC) has announced the opening of six new oil and gas blocks for bidding, both onshore and offshore

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IEA's Birol sees US playing larger role in meeting oil demand

FatihFatih Birol, executive director of International Energy Agency (IEA) said that the US would meet about two-thirds of global oil demand in about five years, signalling that the US producers would continue to fill the gap left by production cuts from OPEC producers and Russia

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Bahrain says offshore oilfield could contain 80bbo

Bahrain Oil rigBahrain’s National Oil and Gas Authority (NOGA) said its estimates tight oil amounting to at least 80bbo in what has become the country’s largest discovery of oil and gas ever

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