Exploration & Production

OMV and ADNOC sign a new offshore concession agreement

OMV ADNOCOMV, the Vienna-based global integrated oil and gas company, has signed an agreement for the award of a 20 per cent stake in Abu Dhabi’s SARB and Umm Lulu concessions

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Cash, low-risk growth remain priorities for oil companies in 2018

Oil RigEnergy consultancy Wood Mackenzie says that key priorities for upstream oil and gas companies for 2018 remained largely the same, according to a survey it conducted

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Eni and Sonatrach continue to extend oil and gas operations in Algeria

Eni AlItaly’s Eni and Algeria’s Sonatrach have signed a series of agreement to collaborate in a number of oilfield projects and ramp up the North Africa country’s oil and gas production

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Abu Dhabi launches bidding round of six new oil and gas blocks

Licensing Blocks 3The Abu Dhabi National Oil Company (ADNOC) has announced the opening of six new oil and gas blocks for bidding, both onshore and offshore

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IEA's Birol sees US playing larger role in meeting oil demand

FatihFatih Birol, executive director of International Energy Agency (IEA) said that the US would meet about two-thirds of global oil demand in about five years, signalling that the US producers would continue to fill the gap left by production cuts from OPEC producers and Russia

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