Exploration & Production

Oil Review Middle East weekly digest - 7th - 11th May 2017

public domain commons for ORME 307Here is a brief overview of the week's new on Oil Review Middle East, from 7th - 11th May 2017

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Global oil discoveries and new projects fell to historic lows in 2016

PumpjacksGlobal oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could into and through 2017

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Alderley re-enters the Iran market

1024px Abadan Catalitic facilitiesAlderley are delighted to be able to move back into the Iranian market since the lifting of sanctions

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Libya oilfields restart fuels concerns about global glut

Bouri NC 41 DP4 platformLibya's Sharara and El Feel oilfields returned to production this week after protests which blocked the pipelines came to end

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Oman Oil Company and Shell sign exploration agreement

OOC logoOman Oil Company (OOC) and Shell Exploration have signed a heads of agreement to work together on Oman Block 42

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