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BP Egypt announces significant gas discovery in deepwater Nile Delta

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BP Egypt announced a “significant” gas discovery in the East Nile Delta. The well was drilled using the sixth-generation semi-submersible rig Maersk Discoverer in water depth of 649 meters (2,129 feet) and reaching a total depth of around 7,000 meters (22,966 feet). BP production and exploration in Egypt.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Territories that were largely desert in the middle of the 20th century are now thriving oil economies.

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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas.

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MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

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Based on the interim results of a new study, MIT researchers are warning smaller nations to proceed with caution in pursuing the development of their natural gas resources. The interim report analyzed the economics of natural gas project development options in Cyprus with a focus on exports. Click to enlarge. Background.

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