Category Archives: Oil and Gas industry// L’industrie du Pétrole et du Gaz

Lebanon ready to Join East Mediterranean Race for Oil and Gas (en/fr)


Reuters reported yesterday, that Lebanon intends to restart its first oil and gas licensing round after a three-year delay, the energy minister said on Thursday, hoping to kick-start the development of a hydrocarbon industry stalled by national political paralysis. Continue reading Lebanon ready to Join East Mediterranean Race for Oil and Gas (en/fr)

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Oil prices rise on OPEC and Russia’s deal to cut production (en/fr)


According to Reuters, the Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that it would cut production by 1.2 million barrels a day from 33.6 million barrels and said it expects producers from outside the group, including Russia, to join with additional cuts totaling 600,000 barrels a day. On Thursday, 12/1, Azerbaijan said it was also willing to engage in talks on cuts while Indonesia suspended its membership. 

Continue reading Oil prices rise on OPEC and Russia’s deal to cut production (en/fr)