Eni, Naturgy’s deal with Egypt to restart Damietta LNG plant breaks down
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Eni, Naturgy’s deal with Egypt to restart Damietta LNG plant breaks down

The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement reached last month, according to a cabinet statement. Parties to…

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آخر مستجدات أعمال الحفر في البلوك رقم 4… ماذا عن النتائج؟
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آخر مستجدات أعمال الحفر في البلوك رقم 4… ماذا عن النتائج؟

صدر عن وزارة الطاقة والمياه البيان التالي  دأبت وزارة الطاقة والمياه وهيئة إدارة البترول على نشر المعلومات الدقيقة المتعلقة بقطاع البترول في لبنان، الأمر الذي ينطبق حكما على…

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Eni posts $3 billion loss, lowers production target due to capex cuts
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Eni posts $3 billion loss, lowers production target due to capex cuts

Italian oil and gas company Eni booked a net loss of over $3 billion in the first quarter of the year due to the overlapping effects of the…

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Petrobel Streamlines Two New Wells in the Mediterranean
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Petrobel Streamlines Two New Wells in the Mediterranean

Belayim Petroleum Company (Petrobel) announced streamlining two new natural gas wells in the Mediterranean region with an average production of 390 million cubic feet per day (mmcf/d)  and…

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Turkish drillship arrived to Cyprus EEZ
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Turkish drillship arrived to Cyprus EEZ

A Turkish drillship made its way to the Cyprus EEZ is a violation of the sovereign rights of the Republic, Cyprus presidency said on Monday. Turkey has issued…

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Schlumberger books $8.5 billion charge in first quarter
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Schlumberger books $8.5 billion charge in first quarter

Oilfield services provider Schlumberger took an $8.5 billion charge in the first quarter of the year rocked by the low oil price environment and the coronavirus pandemic. Schlumberger…

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Offshore drillers to see contract cancellations of up to $3 billion till 2021, Rystad analysis shows
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Offshore drillers to see contract cancellations of up to $3 billion till 2021, Rystad analysis shows

The Covid-19 epidemic and the ongoing oil price war have ravaged global energy markets during the last two months, and offshore drilling in particular is among the most…

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Burullus Gas Company cancels Egypt drillship contract with Transocean
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Burullus Gas Company cancels Egypt drillship contract with Transocean

Transocean says Shell-led consortium to pay early termination fee for drillship deal, but sees other contracts extended: Transocean said that Burullus Gas Company has opted to terminate a…

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More than half of 2020’s licensing rounds at risk of cancellation, Rystad says
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More than half of 2020’s licensing rounds at risk of cancellation, Rystad says

The combined effects of the COVID-19 pandemic and the oil price war will likely cause the cancellation of more than half of the world’s 2020 licensing rounds, according…

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Noble Energy makes further spending cuts
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Noble Energy makes further spending cuts

In response to the COVID-19 pandemic and a significant decline in oil and gas demand and prices, Noble Energy is focusing on liquidity and balance sheet strength. With…

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