Offshore Production

Eni discovers more than 1 trillion cubic feet of gas near Libya’s Bahr Essalam field

amefika3 months ago03 mins

Italian energy company Eni has announced two gas discoveries in Libyan waters, together estimated to contain more than one trillion cubic feet (tcf), as part of its recent exploration activities. The discoveries were made in two geological structures, Bahr Essalam South 2 (BESS 2) and Bahr Essalam South 3 (BESS 3), located about 85 kilometers…

Where will the next 20 billion barrels of the Middle East come from?

amefika5 months ago05 mins

We previously reported that global upstream operators will cut investment for the second consecutive year in 2026, with capital spending expected to fall at least 2% to 3% year-on-year, and more than 5% compared to 2024 levels, as the industry navigates oil prices below $60 a barrel while maintaining focus on long-term resilience. Still, Wood…