The oil major, which primarily operates in the downstream sector in Egypt, secured more than 1.7mn acres offshore Egypt for exploration activities
Author Archives: Staff Writer
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OPEC oil production drops in December as compliance grows: Reuters survey
Iraq and Nigeria notably cut their production in December, edging closer to compliance with the OPEC+ agreement to curb output
2020 marks start of ‘decade of action’ UAE and international policymakers declare
Achieving targets set under the SDGs could open up $12trn of market opportunities worldwide, and create 380mn jobs, according to estimates
Tenable appoints new vice president of operational technology security
Longest-serving Director of ICS-CERT joins Tenable following its acquisition of industrial security leader Indegy
Q&A: ENI CEO Claudio Descalzi on the company’s Middle East expansion plans
Claudio Descalzi, CEO of ENI, comments on his drive to expand in the Middle East, how digitalisation drove the company’s growth in the region, and what it brings to the Ghasha ultra-sour concession
How Saudi Aramco discovered date-palm seeds could prevent lost circulation
Dr. Mohammad Amanullah, senior petroleum engineering consultant at Saudi Aramco’s EXPEC ARC, explains how he discovered that date-palm seeds were excellent lost circulation materials, and how his innovation could impact production
Oil spikes to $70 per barrel on large US crude inventory draw
In the last week of 2019, US commercial crude inventories dropped almost four times more than expected
Dana Gas receives $42mn dividend from Pearl Petroleum
The payment brings total 2019 dividends from KRI to $121mn
Halliburton presents multimillion dollar software grant to King Abdulaziz University
The education software grant aims to train the next generation of Saudi oil and gas engineers and geoscientists
APICORP agrees to $250mn loan facilities with Sonatrach’s investment arm
Loans to support Sonatrach’s efforts to diversify energy assets, ensure steady crude oil supplies and increase geographic footprint