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As the fallout deepens from the coronavirus pandemic and the global collapse in oil and gas prices, oil- and gas-producing regions around the world are feeling the pain. Landmark deal called most significant since 1979 peace treaty. The Arab world’s most populous country has awarded a string of concessions in a bid to become the region’s next major supplier of natural gas. The Sidri 36 appraisal well confirmed the downdip westward extension of the Sidri 23 discovery announced last July by the Italian major. Conventional oil and gas discovered resources in 2019 are on pace to rise 30% from last year and reach their highest level since the beginning of the industry downturn.

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