Predicting the future of energy is an even greater challenge than usual this year, coming after what the IEA described as a disruption not seen since “World Wars and the Great Depression.” SourceContinue Reading

Gas projects planned or under development in the region will require around $211 billion in investment between 2020 and 2024, Arab Petroleum Investments Corp. said Monday in a statement. SourceContinue Reading

Panhandle Oil and Gas has closed the previously announced purchase of two mineral and royalty packages in Grady County, Okla., and Panola and Harrison Counties, Texas, from Red Stone Resources, LLC. SourceContinue Reading

Libya’s state energy company lifted force majeure on the western deposit of Sharara and instructed its operator to resume production, according to a statement on Sunday. The field will initially pump 40,000 bpd, before reaching its capacity of almost 300,000 bpd next week, a person with knowledge of the situation said. SourceContinue Reading

Total production capacity from Block 61 is expected to rise to 1.5 Bcfd and more than 65,000 bpd of associated condensate. With an estimated 10.5 Tcf of recoverable gas resources, the block has the capacity to deliver approximately 35% of Oman’s total gas demand. SourceContinue Reading

The past few weeks have seen extensive merger and acquisition activity in oil and gas, from new operators consolidating legacy field holdings to new, up-and-coming oilfield services providers. World Oil editors review how these companies are positioning to drive innovations in how fossil fuels are explored and produced. SourceContinue Reading

Affected employees are being asked to reapply for their existing positions, with layoffs set to take place beginning October 23rd. SourceContinue Reading

The settlement will restore production at six fields already shut down by the dispute and prevent an escalation to another six over the weekend. Those facilities pump about 130,000 barrels of crude oil and 43 million cubic meters of gas a day. SourceContinue Reading

Petroleos Mexicanos returned to capital markets Thursday for its first debt sale since January as the embattled oil producer seeks to tap improved demand from investors. SourceContinue Reading

The energy discovery in the Black Sea is critical for Turkey’s current-account balance which is dragged down by the need to import nearly all of the 50 billion cubic meters of gas the country consumes annually. SourceContinue Reading