Oil and Gas Prospects in 2020 Exceeded Billion Barrels

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Oil and Gas Prospects in 2020 Exceeded Billion Barrels

Global conventional oil and gas discoveries already exceed eight billion barrels of oil equivalent (boe) and are projected to settle at around ten billion boe by the end of the year, according to a new Rystad Energy analysis. About 3.75 billion boe, or 46 percent of total discovered volumes, are gas, while liquid volumes are

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Greece, Cyprus, Israel Sign EastMed Gas Pipeline Deal

Greece, Cyprus, and Israel have signed an agreement to construct a 1,900-kilometer undersea pipeline to carry natural gas from the eastern Mediterranean to Europe and potentially help the continent reduce its dependency on Russia for energy supplies. The deal comes as Russia prepares to start pumping gas this year through two new pipelines to Europe

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