Stable production is a positive sign in a time in which oil fields annual production declined by around 20% to 25%.

Abu Dhabi National Oil Company has awarded contracts worth $1.6 billion to China National Petroleum Company (CNPC) affiliate, BGC Inc., for the world’s largest onshore and offshore 3D seismic survey.

Iraq’s Basra Oil Company and Dhi-Qar Oil Company have signed a memorandum of understanding with Chevron for studies and seismic surveys on oil activities in the country.

Egypt will start the seismic survey for the Gulf of Suez region before the end of 2018, in order to provide new opportunities for exploration and production (E&P).

Merlon has allocated $66 million investments in fiscal year (FY) 2-18/2019 budget for exploration and production E&P operations in Egypt.

Egyptian oil and gas sector will sign contracts with international companies to conduct seismic survey on Red Sea within days,

GANOPE agreed with five International Oil Companies (IOC's) six months ago to conduct a $750m seismic survey in the Red Sea

El Molla and his counterpart discussed means of promoting investment cooperation in the fields of petroleum, natural gas and mineral resources.

Ganoub El Wadi Petroleum Company (Ganope) signed two new concession agreements with Joint Stock Company Naftogaz of Ukraine Overseas Petroleum.

Geo-intelligence firm Fugro announced it has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons.