French major Total and Libya’s National Oil Corporation (NOC) have signed an agreement to implement Total’s participation in the Waha concessions, located in the Sirte Basin in Libya

Based on currently available geophysical data, the Lebanese government estimates that the offshore oil and gas frontier areas in the East Mediterranean may hold around 25 tcf of natural gas reserves, though this has yet to be proven

Gazprom Neft subsidiary Gazprom Neft Middle East has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI)

Drilling contractor KCA Deutag (KCAD) has announced that its land drilling operation has won new contracts worth approximately US$460mn in the Middle East, Africa and Europe

Following the recent announcement of new giant oil discovery in Iran, with estimates of 53bn bbl in place, GlobalData analyst said the discovery will bring little benefits under the US sanctions