Explore how Lebanon’s renewed offshore exploration efforts, led by industry giants like TotalEnergies, aim to unlock new oil and gas reserves and spark an economic revival in 2025. After years of interruption due to regional conflicts, Lebanon is set to resume offshore oil and gas exploration along its picturesque [...]
Oil drilling at sea is a large industry that has seen significant growth in recent years. According to Allied Market Research, the global offshore drilling market is expected to reach $56.97 billion by 2027. Nearly 30 percent of global crude oil production comes from offshore sources and 17 percent of [...]
Energy needs in the United States increase significantly each year. Therefore, in addition to local consumption, the country seeks to use additional reserves to trade in international markets in order to achieve economic self-sufficiency and energy self-sufficiency. One of the most important sources of energy is offshore oil. In this [...]
