1. Oil Services Firms See Mideast Driving Growth, For 2023 And Beyond

    ...iven by massive capacity expansion programs in the UAE (see p2), Saudi Arabia and Qatar. “We are poised to certainly have record revenue in Middle East during this cycle, and eclipse the previous 2014 peak [of $11.9bn] by a margin,” SLB CEO Olivier Le Peuch told his firm’s 20 January earnings call. Al...

    Volume: 66
    Issue: 04
    Published at Fri, 27 Jan 2023
  2. Iraq’s Trembling Currency Poses Fresh Budgeting Challenge

    ...od and basic goods prompted Iraqis to take their dissatisfaction to the streets, and the new government is wary of further such destabilizing protests. While having no legal remit over the CBI, the PM has replaced governor Mustafa Ghalib, bringing back his predecessor Ali al-‘Alak (2014-2020) on 23...

    Volume: 66
    Issue: 04
    Published at Fri, 27 Jan 2023
  3. Libya’s Waha: Hess Confirms Total, Conoco Each Paid $75mn For Stakes...

    ...d restored three wells to production that had been offline since 2014, adding a total of 2,500 b/d to production....

    Volume: 66
    Issue: 04
    Published at Fri, 27 Jan 2023