Turkey's President Recep Tayyip Erdogan told reporters in New York that he will visit Israel too once Benjamin Netanyahu will have visited Turkey. Erdogan, after meeting with Netanyahu, added that drilling work with Israel will be started soon and operating transmission lines to Turkey and further to Europe will also...
Egypt to drill 45 exploratory gas wells with investment of US$1.9bn
Cairo, Egypt--The Egyptian government plans to drill 45 natural exploratory gas wells in the Mediterranean and the Nile Delta with $1.9 billion in investments until mid-2025, according to a Cabinet statement on Tuesday. The drilling of 10 wells between July 2022 and June 2023 resulted in the huge discovery in...
NIDC drills 195 oil wells in 2 years
Wells were drilled in onshore, offshore operations.
Egypt to pour US$1.8bn into offshore gas exploration program
Vienna, Austria-- Egypt plans to drill new gas wells in the Mediterranean Sea and the Nile Delta as part of its ambitious $1.8 billion offshore exploration program. According to Tarek El Molla, Egypt's Minister of Petroleum and Mineral Resources, the country is developing several exp fields in the Mediterranean Sea,...
Kuwait calls for border talks with Iran over gas field
KUWAIT CITY, KUWAIT - Kuwait reinvited Iran on Monday to talks on their sea borders after Tehran said it was ready to start drilling in a disputed gas field in the resource-rich Gulf. Kuwait insisted it held "exclusive rights" to the maritime field along with Saudi Arabia, after the neighboring countries...TotalEnergies to start drilling in offshore Lebanese gas project in 2023
Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration to start drilling on its offshore gas project (Block 9) in Lebanon in 2023. “The call for tenders to secure the drilling rig has been launched and should lead to...ADNOC signs manufacturing pacts
Identifies $19bn worth of products that can be manufactured in UAE.ADNOC framework agreements declared
The $1.94 bn agreements have been awarded to four companies.
US judge cancels major oil and gas exploration sale
A US judge on Thursday canceled the sale of oil and gas exploration leases of some 80 million acres in the Gulf of Mexico, after a coalition of environmentalist groups sued President Joe Biden’s administration to stop the drilling, citing major concerns.
ADNOC to invest $6 billion more in drilling to ramp up production
Abu Dhabi's national oil company announced Tuesday a $6 billion investment in crude oil drilling as it ramps up production capacity. The announcement comes a day after the United Arab Emirates (UAE) said a recent UN climate summit in Glasgow was a "success" but that the world needs to keep...
Alturki Holding oil arm buys out US drilling firm Newsco for undisclosed sum
Alturki Holding oil arm, the Saudi Sawafi company, has bought out Newsco, the US drilling services company, for an undisclosed sum of money.
