
The number of rigs targeting gas in the Middle East fell to 101 in April 2016 from 111 a month earlier. However, the number of operational rigs was higher year on year.
French major total is positioning itself to become a major supplier of LNG to Asia in the next decade when the supply glut disappears and demand recovers.
Oil and gas companies are finding it increasingly difficult to obtain finance for upstream projects, but a lack of investment now could spell a supply shock later.
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Access free country profile ››The number of rigs targeting gas in the Middle East fell to 101 in April 2016 from 111 a month earlier. However, the number of operational rigs was higher year on year.
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