Tag: exploration
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Oil and gas in America… disappointment in exploration and production activity (article)
Read in this article The US activity is far from the expectations announced by many specialists Great discipline of oilfield services capital leads to higher costs The federal government shows no signs of cutting spending to ease inflationary pressures The availability of labor affects the ability of employers to expand the activity All uncertain economic…
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Oil and gas exploration in Guyana expects to drill 35 new wells
The coming period is witnessing a revival of oil and gas exploration activity in Guyana, as the success achieved by Exxon Mobil there has increased the appetite of the American company to explore for more fossil fuels in the deep waters off the coast of the South American country. In this regard, a consortium of…
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Egypt is looking forward to drilling 35 wells for oil and gas exploration
Egypt is implementing an integrated program in cooperation with major international companies to explore for oil and gas, as part of its strategic plan to benefit from its natural resources and become a regional center for energy trade. In this context, Petroleum Minister Tarek El-Molla revealed that his country has begun implementing an ambitious program…
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Colombia’s oil and gas sector plans to award new exploration licenses
The oil and gas sector in Colombia plans to increase the number of new licenses granted in the field of exploration, in an effort by the country’s government to enhance its reserves of the two vital commodities. The Latin country, which is currently experiencing a dire economic situation, represented by skyrocketing inflation rates and a…
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Oil and gas exploration in Somalia lures major international companies
Oil and gas exploration in Somalia has become the focus of international oil companies again, in light of the search for alternative supplies following the Russian war in Ukraine. The Russian invasion has sparked discussions about energy security in Africa, and major discoveries of oil and gas in Mozambique, Tanzania and Uganda have whetted investor…
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Disclosure of the start date of oil and gas exploration in Lebanon
Oil and gas exploration operations in Lebanon are awaiting the results of drilling an exploratory well in the North Sea, which is being carried out by Transocean. Exploration operations are expected to start off the coast of Lebanon next September, in a step that may pave the way for placing Beirut on the map of…
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Disappointing results for Exxon Mobil in Brazil after 6 years of exploration
The American company Exxon Mobil failed to find oil in Brazil, after nearly 6 years of search and exploration operations. And the giant American oil and gas company stopped the current drilling in the offshore region, which it began to seize with partners for $ 4 billion in 2017, after failing for the third time…
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Oil and gas exploration in Egypt is actively boosted by 6 international companies
The oil and gas exploration sector in Egypt witnessed intense activity today, Thursday, March 9, during the participation of Minister of Petroleum and Mineral Resources Eng. Tarek El-Molla, in the Cerawick International Energy Conference in Houston, USA. On the sidelines of the conference, Al-Mulla held meetings with leaders of 6 international oil and gas companies…
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The first oil exploration bids in Guyana attract an Arab company only
No fewer than 10 companies will participate in the first bidding round for oil exploration in Guyana, as focus grows on the South American country’s potential to diversify oil supplies away from Russia. Guyana offers 14 offshore blocks in this round of bidding; In order to accelerate the country’s economic development, and reduce the dominance…
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Oil exploration in Namibia attracts the Australian Woodside
Oil exploration in Namibia has succeeded in attracting large numbers of major international energy companies, the latest of which is Woodside, which wants to expand its investment portfolios in this emerging and promising industry in the country located in southwest Africa. Windhoek has made rapid strides in recent years towards developing its oil industry, bolstered…
