Exploration & Production

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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Eni announces new gas discovery offshore Egypt

35701059321 88cc6ca1cf zItaly’s oil and gas firm Eni has announced a new gas discovery under evaluation in the Nour exploration prospect, offshore Egypt

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Eni and Qatar Petroleum partner for Morocco’s oil and gas blocks

morocco blockEni and Qatar Petroleum have signed a farm-out agreement, enabling Qatar Petroleum to acquire a 30 per cent participating interest in Tarfaya Offshore Shallow Petroleum agreement, which comprises 12 exploration blocks in the offshore of Morocco

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US to lead global oil supply growth over the next five years: IEA

refinery 3613522 640The US will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, according to the annual oil market forecast by the International Energy Agency (IEA)

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