Exploration & Production

Lebanon confirms second offshore license round

44150055532 fb315c1534 zThe Lebanese government has approved the opening of the country’s much anticipated second offshore licensing round. Interested companies will be expected to submit their bids by 31 January 2020

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Gazprom Neft expands oil production in Iraq

178492 b8ee946ec5e043659f39Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI)

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Morocco awards operatorship of Lixus offshore licence to Chariot

35440893341 88a5d6c4f4 zUK-based Chariot Oil & Gas Limited has won a 75 per cent interest and operatorship of the Lixus offshore licence in Morocco

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E&P free cash flows soar to record-levels: Rystad Energy

rig 1061339 640The world’s publicly listed oil and gas companies saw their free cash flow (FCF) for public exploration and production (E&P) companies soared to almost US$300bn last year and 2019 could turn out to be another blockbuster year, according to an analysis by Rystad Energy

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Limited risk to oil majors’ investments from energy transition in medium term: GlobalData

15813242525 955da240ca zMajor oil and gas companies are pursuing major production growth projects but, according to GlobalData, a data and analytics company, the value risk to these investments from the energy transition is limited

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