Exploration & Production

Sonatrach signs MoU with Cepsa for exploration and production activities in Algeria

oil platform 484859 640Algeria’s oil and gas company Sonatrach and Cepsa have signed a Memorandum of Understanding (MoU) to explore joint investment opportunities in Algeria’s hydrocarbon exploration, development and production areas

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Eni announces new oil discovery and new production in Egypt

piling rig 4429042 640Eni has announced the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession

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Sweden’s Tethys Oil signs new exploration block onshore Oman

gas 863194 640Oman and Swedish company Tethys Oil have signed an exploration and production sharing agreement (EPSA) or Block 58 onshore Oman

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Half year discoveries lowest this century, says Rystad Enegry

worksite ltd kw9LLON5lO8 unsplashRystad Energy has revealed that, in the first half of 2020, the global discovery of conventional resource volumes reached only 4.9 billion barrels of oil equivalent (boe) – the weakest performing first half of the 21st century

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Egypt asset exceeds our pre-drill expectations, says UOG’s CEO

1432865036 89047c9244 cBrian Larkin, CEO of United Oil & Gas (UOG), said the result of the El Salmiyah-5 well on the Abu Sennan concession in Egypt has significantly exceeded the company’s pre-drill expectations

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