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Norway has highest number of oil and gas discoveries in Q3 2019, says GlobalData
By region, South America and Europe led Q3 with eight discoveries each, followed by Asia and Africa with five each
N-Sea marks $15mn Middle East contract awards in 2019
To support the extensive project work, N-Sea has increased its Dubai-based personnel from two employees to ten since April 2019
McDermott awarded fabrication subcontract for Greater Tortue Ahmeyim Natural Gas Project
McDermott defines the contract as ‘sizeable,’ meaning it is worth between $1mn and $50mn
SDX Energy begins 12-well drilling campaign targeting 15bcf gas in Morocco
Seven of the wells are low-risk and close to existing infrastructure, while the five remaining carry a higher risk
Libya NOC eyes partnership with Algeria’s Sonatrach to boost production
Both parties agreed to form a joint working group to study common points of interest and opportunities for collaboration
Eni discovers new resources in the Gulf of Suez offshore Egypt
A rapid development plan is underway for the discovery with a “fast-track” approach, leveraging on existing infrastructures in the vicinity of the well and maximizing facilities
Petrofac wins three engineering contracts in Oman and Libya
The contracts cover FEED and conceptualisation studies in both countries
The World Bank recognises Bahrain among the 10 most improved economies in the world
The nation’s foreign direct investment grew from $65mn in 2015 to $1.5bn in 2018
Algeria’s hydrocarbons bill proposes improved fiscal terms, but internal politics may reduce investment, says GlobalData
Algeria is still overly dependent on hydrocarbons, which represent 40% of government revenues and 95.6% of exports