Launched on 1 April 2018 to attract regional and international companies aiming to expand their portfolios in the UAE, the 2018 RAK Licensing Round is proving to be popular.
Exploration
Posted inExploration
CGG GeoConsulting launches Robertson New Ventures Suite to accelerate exploration efforts
New solutions offer upstream operators greater accuracy and success in assessing potential untapped reserves and new plays.
Posted inExploration
Shell, Total sign gas development deals in Oman
Deals should help Oman increase its energy provision and its economic growth targets.
Posted inExploration
Emerson unveils reservoir software for robust risk analysis, reserves estimates
The announcement strengthens Emerson’s end-to-end E&P software portfolio, helping operators achieve top-quartile performance and greater project certainty on investment and operational goals within new and established reservoirs.
Posted inExploration
Pakistan to drill 90 new wells in hunt for further oil and gas reserves
Country aims to become self-sufficient in energy supplies and has found more than 100 new discoveries in past four years.
Posted inExploration
Siccar Point Energy confirms Cambo well spud and Shell deal completion
Siccar Point ties up with oil supermajor as it continues evaluation work on field containing at least 600mn barrels of oil.
Posted inExploration
Emerson study: $7bn profit potential for unconventional oil & gas operators reaching top quartile
In a ‘lower-for-longer’ oil price environment, many companies are turning to IIoT technologies and the promise of digital transformation to help embed expertise in work processes, improve production and begin the path to operational excellence.
Posted inExploration
ADNOC signs new offshore concession agreement with Austria’s OMV worth $1.5bn
Recent series of offshore concession agreements generate $7.9bn in fees and secure markets for 40% of Abu Dhabi’s oil for next 40 years.
Posted inExploration
UAE’s Crescent leads Iraqi oil and gas auction success
Iraqi bidding round concludes with UAE based private operator doing the most business alongside interest from China.
Posted inExploration
Bahrain targeting finance for 80bn barrel oil discovery
Island kingdom is already assessing investment options to exploit massive offshore shale discovery.