Latest news

Equinor slashes investment, spending in $3 billion coronavirus package

Norwegian oil firm Equinor will cut investments, exploration drilling and operating costs as part of a $3 billion plan to help the company weather the coronavirus crisis and low oil prices, it said on Wednesday.

read more... 25/03/2020


Total, PTTEP win onshore exploration concession Block 12 in Oman

Total and Thailand-based PTT Exploration and Production Public Company (PTTEP) have won the rights to Block 12, a nearly 10,000km2 onshore exploration concession in Oman.

read more... 21/02/2020


BP, SOCAR begin exploration drilling at Shafag-Asiman block offshore Azerbaijan

British oil company BP and its partner State Oil Company of the Republic of Azerbaijan (SOCAR) have commenced drilling of the Shafag-Asiman block offshore Caspian Sea in the Azerbaijan sector.

read more... 16/01/2020


France's Total to begin drilling offshore Lebanon next month

Lebanon's economic crisis has led to nationwide protests over the last two months. The country needs its exploration programme to work to reduce its energy import bill.

read more... 16/12/2019


Poland's PGNiG and Ukraine's ERU team up on gas exploration

Poland’s leading gas firm, state-run PGNiG, said on Monday it agreed a deal with Ukraine’s ERU Management Services to cooperate on hydrocarbon extraction and exploration in Ukraine.

read more... 10/12/2019