Puliti will succeed Francesco Caio, who has resigned with immediate effect
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Egypt’s Zohr gas field records major investment, output boost
Current production from the gas field jumped to 2.7 Bcm/d
World needs more oil and gas now, American billionaire Elon Musk says
Tesla’s CEO commented on energy security as Europe continues to grapple with its worst energy crisis in decades
Energy roundup: Britain to face shocking rise in energy bills; Middle East E&P momentum continues
As Britons prepare to face record-high energy costs, the E&P sector in the MENA region saw some interesting developments this past week
Sonatrach strikes oil in Algeria’s Adrar province
This is the company’s fourth major discovery this year
TotalEnergies, Eni announce major gas discovery offshore Cyprus
The gas discovery at the Cronos-1 well could unlock additional potential in the area
High-impact drilling activity set to rebound this year, report shows
“Last year was disappointing for discovering gas and liquid volumes from high-impact wells, but 2022 is on track to make up for that slump,” a Rystad Energy analyst noted
Oil prices fall on economic slowdown, more supply
The market is faced with the prospect of rising supply as demand moderates
Saudi Aramco sets new record with $48.4 billion quarterly profit
Aramco’s half year net income soared to $87.9 billion, beating earnings of the largest listed oil majors, including Exxon Mobil, Chevron and BP
Energy roundup: Middle East oil and gas companies riding high on profits and projects
This week, key players in the region unleashed billions in revenues and continued to advance key projects