Lebanon: Extension of the deadline to submit licensing round applications
Permalink

Lebanon: Extension of the deadline to submit licensing round applications

Lebanese Minister of Energy and Water, Raymond Ghajar issued a statement extending the submission deadline of the 2nd licensing round as detailed below:Given the implications of the spread…

Continue Reading →

Cyprus: Scheduled gas drills likely to be delayed
Permalink

Cyprus: Scheduled gas drills likely to be delayed

Scheduled gas drills offshore Cyprus will most likely be delayed for an indeterminate amount of time, Foreign Minister Nicos Christodoulides said on Tuesday, when asked about the fallout…

Continue Reading →

Total says Lebanon offshore drilling halfway done
Permalink

Total says Lebanon offshore drilling halfway done

Lebanon’s first-ever offshore exploratory drilling is continuing on schedule amid a partial national lockdown over the coronavirus pandemic. It is halfway complete in Block 4 according to the…

Continue Reading →

Energean might reduce its budget for Egypt by $140 million
Permalink

Energean might reduce its budget for Egypt by $140 million

Mediterranean gas group Energean might cut its budget for Egypt by USD 140 million as oil and gas companies cut back on spending amid the covid-19 pandemic and…

Continue Reading →

Qatar Petroleum Offers LNG Cargoes in the Spot Market
Permalink

Qatar Petroleum Offers LNG Cargoes in the Spot Market

Qatar Petroleum has offered liquefied natural gas (LNG) cargoes to several buyers in Asia and Europe after Indian buyers cancelled cargoes, according to Reuters. The exact number of cargoes…

Continue Reading →

Coronavirus and oil price crisis to wreak havoc on new project development plans
Permalink

Coronavirus and oil price crisis to wreak havoc on new project development plans

The effects of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented…

Continue Reading →

Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says
Permalink

Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says

More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19…

Continue Reading →

BP Implements COVID-19 Action Plan
Permalink

BP Implements COVID-19 Action Plan

In the midst of the coronavirus (COVID-19) pandemic, BP has put forth a preventative plan in order to ensure the safety of its employees, BP announced in a statement. …

Continue Reading →

Total to slash over $2.5 billion from its E&P business as oil crisis bites
Permalink

Total to slash over $2.5 billion from its E&P business as oil crisis bites

In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its plan to reduce the capex for 2020 by…

Continue Reading →

Total and other Oil Majors Slash Spending
Permalink

Total and other Oil Majors Slash Spending

Global oil, gas producers cut spending after crude price crash. (Reuters) – Oil and gas companies are cutting spending plans in response to the new coronavirus and a…

Continue Reading →