Exploration & Production

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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TransGlobe Energy reports Q1 net loss of US$55.2mn.

47448215802 5d01495b73 oOil and gas company TransGlobe Energy has reported Q1 net loss of US$55.2mn (US$0.76 per share)

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Sonatrach signs MOU with Russia’s Lukoil

wengang zhai 7757CqIYqTo unsplashAlgeria’s Sonatrach and Russian company Lukoil have signed a memorandum of understanding (MoU)

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Lebanon’s first offshore well fails

5ea6fbe499a79 Bf666BTotal’s well offshore Lebanon has not been able to find a reservoir in the Tamar formation, which was the target of this exploration well

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