French oil major Total has made a number of deals in the region, including its acquisition of Marathon Oil Libya, which gave it a 16.33% stake in Libya’s Waha concessions, into which it will invest $650mn to increase production by 180,000bpd. The company also partnered with ADNOC to use its METIS drones for automated seismic […]
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Posted inPower List
Claudio Descalzi
ENI’s CEO Claudio Descalzi has earned his spot thanks to his relentless efforts to expand in the Middle East. The company has made many discoveries in the region, specifically in Egypt, but made headlines in 2019 for a spate of agreements. ENI won three of UAE emirate Sharjah’s onshore exploration concessions and offshore Block A […]
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Bob Dudley
This will be Bob Dudley’s final appearance on our ranking, as he prepares to retire after a remarkable decade at the head of British Petroleum. Having seen the firm through the aftermath of the Deepwater Horizon tragedy and the oil price crash, he has guided the company through rough seas. In 2019, BP bought a […]
Posted inDRILLING & PRODUCTION
Eni signs MoU to strengthen collaboration in Bahrain’s energy sector
Eni and Tatweer Petroleum will explore new areas for potential collaboration in renewable energy, LNG and the oil and gas sector
Posted inExploration
UAE makes 80trillion scf gas discovery in Abu Dhabi and Dubai
This is the first time ADNOC has explored for hydrocarbon resources in Dubai, with 10 exploration and appraisal wells
Posted inDRILLING & PRODUCTION
Japanese consortium completes study to develop Libya’s Sirte Basin concession 47
They plan to increase production from 10,000bpd to 80,000bpd
Posted inExploration
Sharjah National Oil Company makes first gas discovery in three decades
The Mahani-1 exploration well, located in the Area B Concession, is the first exploration well drilled by SNOC following the acquisition of a new 3D seismic survey
Posted inDRILLING & PRODUCTION
Incoming BP CEO has “ambitious” overhaul plans – sources
Bernard Looney is planning to expand the company’s climate targets, and could overhaul the structure of the oil major
Posted inDRILLING & PRODUCTION
Mubadala Petroleum completes farmout of a 20% participating interest in Indonesia assets
With participating interests in these three adjacent blocks, Mubadala Petroleum is the largest net acreage holder in the area
Posted inDRILLING & PRODUCTION
Q&A: DNV GL Oil & Gas CEO on the energy transition outlook
Liv Hovem, CEO of DNV GL – Oil & Gas, comments on the outlook for oil and gas as the world transitions to a lower-carbon future