Current production from the gas field jumped to 2.7 Bcm/d
NEWS
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
ADNOC Drilling buys $70 million offshore jack-up rig for drilling fleet expansion
The purchase marks the fourth premium offshore jack-up rig the company has bought in less than three months
Emirati companies consider investment in Egyptian clean energy projects
Ahead of COP27, Egypt has listed sustainable energy as top priority
QatarEnergy awards EPC contract to build mega-solar power plants
The plant is expected to start electricity production by the end of 2024
TotalEnergies, Eni announce major gas discovery offshore Cyprus
The gas discovery at the Cronos-1 well could unlock additional potential in the area
Invictus Energy to begin drilling first exploration well in Zimbabwe
The Mukuyu-1 will test one of the largest prospects to be drilled globally in 2022
India’s ONGC signs deal with US major Exxon Mobil for deepwater exploration
Data exchange between both companies has led to the exploration partnership agreement, ONGC said