Wissam Chbat, Wael Khatib and Jad Abi Khalil; Lebanese Petroleum Administration
Following the drilling of the first ever exploration well in the Lebanese offshore, in 2020, Lebanon's hydrocarbon marathon begins. This article takes a closer look at the hydrocarbon system and future potential.
Last year, the North American E&P community saw a symbolic negative oil price blink, rig counts and production rates plummeting, a new US administration slapping
moratoriums on federal land and waters while appointing ‘greens’ to high positions. All in all, an upstream world turned upside down.
Israeli premier Golda Meir once said, “Moses took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil”. We look at the history of oil exploration in this region.
Admire soaring, fjord-like walls of Mesozoic limestone as you glide through the Strait of Hormuz by dhow, the type of traditional wooden ships that today share this strategic waterway with supertankers and flotillas of Iranian smugglers’ speedboats.
Saudi Arabia’s leadership recently floated part of its giant state oil company, Saudi Aramco, on the Saudi stock exchange, selling shares in what was the biggest IPO (Initial Public Offering) in history. We talk to Dr Ellen Wald, author of Saudi Inc.: The Arabian Kingdom’s Pursuit of Profit and Power, about the importance of the Saudi Aramco IPO to the oil and gas industry.
Leviathan, the giant Israeli gas field discovered by Noble Energy in 2010, delivered its first gas to the Israeli domestic market in December 2019, with the first exports, to Egypt and Jordan, following in January 2020.