Exploration & Production

Brent crude oil prices to recover in 2019 and average at US$60+ a barrel: GI survey

Brent Crude oil, which collapsed 40 per cent in Q4 2018 to almost hit a floor of US$50 a barrel, will recover this year and average above US$60 a barrel1412969896 39c9ab1fe3 z

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Transglobe sees production increase in Egypt

transglobe 17Transglobe Energy Corporation has submitted the declaration of commercial oil well discovery for SGZ – 6X discovery, to begin development discussions with the Egyptian General Petroleum Company (EGPC), the company said in Q4 2018 update

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Promoting local capabilities in oilfield services

Sherif FodaSherif Foda, Chairman and CEO of National Energy Services United Corp. (NESR) discusses the company’s expansion plans and its focus on promoting local capabilities in an exclusive interview with Oil Review Middle East

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NESR to open a facility in King Salman Energy Park

EQS 12.12.18National Energy Services Reunited Corp (NESR), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) region, has signed a land lease agreement with Saudi Aramco to build a state of the art operating facility in the newly launched King Salman Energy Park (SPARK)

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Mubadala Petroleum acquires 20 per cent stake in Egypt’s Nour Concession

Eni 111Mubadala Petroleum has completed the acquisition from Italy’s Eni of a 20 per cent participating interest in the Nour North Sinai Offshore Area concession, an offshore exploration block in Egypt

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