In the first part of a two-part article, Svein Strømberg, Baker Hughes, explores how investment emphasis in subsea projects has shifted from high-profile standalone developments to exploitation of existing discoveries.
The Lebanese Petroleum Administration said the decision was made as a result of the Covid-19 pandemic and the fall in oil prices.
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya.
The contract is for the development and management of five wells in the Southwark, Blythe and Elgood gas fields in the UK Southern North Sea.