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…

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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…

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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…

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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…

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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…

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Minister confirms long delay in Cyprus’ gas drilling
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Minister confirms long delay in Cyprus’ gas drilling

Exxon Mobil have informed the government they will be delaying a planned drill in their…

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Energean upgrades Karish North reserves, first gas expected 2022
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Energean upgrades Karish North reserves, first gas expected 2022

Energean Oil and Gas plc, the operator of Karish and Tanin gas fields offshore Israel…

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تقدم الحفر في البلوك رقم 4 – فهل يحمل هذا الاستكشاف مفاجآت سارة للبنان؟
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تقدم الحفر في البلوك رقم 4 – فهل يحمل هذا الاستكشاف مفاجآت سارة للبنان؟

من المتوقّع ان تنتهي منتصف الأسبوع المقبل أعمال حفر البئر الإستكشافية في الرقعة الرقم 4…

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Suez Canal reduces its LNG carrier transit fees for a three-month period
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Suez Canal reduces its LNG carrier transit fees for a three-month period

Suez Canal Authority has decided to adjust the rates for LNG carriers for a three-month…

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

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