ExxonMobil has secured more than 1.7mn acres for exploration offshore Egypt

Saudi Aramco has welcomed the new agreement signed between Saudi Arabia and Kuwait regarding the Saudi-Kuwaiti Partitioned Zone, which paves the way for the resumption of oil production at two fields

Wintershall Aktiengesellschaft (WIAG), a crude oil and natural gas producer, and Libya’s National Oil Corporation (NOC) have signed two exploration and production sharing agreements (EPSAs) for Areas 91 (former Concession 96) and 107 (former Concession 97) in the onshore Sirte Basin

Energy projects that need oil prices above US$60 per barrel in order to break even risk being uncommercial going forward, according to the Norwegian energy research firm Rystad Energy

Petrofac’s Engineering and Production Services division (EPS) has signed a well management contract under Maersk Drilling’s master alliance agreement with Seapulse Ltd, an exploration company