ADNOC Warns Gulf Oil Disruptions Could Last Until 2027
ADNOC's CEO, Sultan Ahmed Al Jaber, has warned that potential disruptions in Gulf oil supplies could persist until 2027, suggesting current oil prices are not accurately reflecting the risk premium as
Exxon, QatarEnergy sign MoU with Egypt to study Cyprus gas development
ExxonMobil and QatarEnergy have signed a Memorandum of Understanding (MoU) with Egypt to study the development of gas resources in Cyprus. This agreement signal
The article indicates a growing consensus among oil market participants that crude oil prices will be capped near $100 per barrel through 2026. This suggests a
Rigzone·May 21
Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook
Borr Drilling, a jack-up rig specialist, has secured 13 contracts this year, adding 2,250 days and $274 million to its backlog. The CEO believes the Middle East
Offshore Energy·May 21
BP Enters 3 New Indonesian Blocks
BP has acquired three new exploration blocks in Indonesia, two of which are strategically located near the Tangguh LNG facility in Papua Barat. This move signal
Rigzone·May 21
May 21
US oil and gas lease sale in New Mexico and Texas raises more than $4bn