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Production From ‘Supergiant’ Zohr Field Off Egypt Hits 2 Bcf/D
The Zohr Field offshore Egypt is now flowing at more 2 Bcf/D, or 365,000 BOE/D, less than a year after it started production. The benchmark comes as operator Eni solidifies concession agreements and ramps up exploration and development in the North African country.
U.S. 'likely' has taken over as the world's top oil producer
The United States may have reclaimed the title of the world's biggest oil producer sooner than expected.
Permian Oil Auction Gets Record $1 Billion as Bidding Soars
The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field.
ExxonMobil, Guyana “Hit the Jackpot”
ExxonMobil made its ninth discovery offshore Guyana, possibly creating the greatest value of any offshore basin in the Americas.
Average Salary for UK Oil, Gas Jobs Up Nearly 10%
The average advertised salary in the UK for oil and gas jobs has increased by almost 10% over the last year, according to new research by Adzuna.
Opec Set to Achieve Stable Oil Market, Says UAE Minister
The Organisation of Petroleum Exporting Countries (Opec) remains optimistic in fulfilling its goal of delivering sustainable oil market stability, thanks to its co-operation with its key partners, said the UAE Minister of Energy and Industry