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Egypt Oil Output Turns A Corner With Apache Drilling At 8-Year High
...evated levels. Apache says it plans to maintain a 17-rig program for 2023 for the highest annual figure since 2014 and up three from the average 2022 figure of 14 (see chart 4). As for capex, Apache reveals in its latest annual filing that it is committed to spend at least $1.8bn in Egypt between Ja...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Mena’s No.1 Producer Total Doubles Down On UAE Presence
...dn’t warrant a namecheck. 1: TOTALENERGIES' NET ABU DHABI LIQUIDS OUTPUT ('000 B/D) *2014 VOLUMES DROPPED DUE TO EXPIRY OF ADNOC ONSHORE (ADCO) CONCESSION. SOURCE: TOTALENERGIES, MEES. 2: CEPSA'S NET SARB & UMM LULU* PRODUCTION ('000 B/D) *BASED ON OMV'S EQUIVALENT 20% ST...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Saudi Export Revenues Topped $400bn For First Time For 2022
...SPITE A LATE-YEAR DIP AS CRUDE PRICES FELL BACK BELOW $90/B, OIL EXPORT REVENUES REMAIN WELL ABOVE RECENT LEVELS ($BN)... SOURCE: GENERAL AUTHORITY FOR STATISTICS, MEES. 3: ...AND WERE THE HIGHEST SINCE THE 2014 OIL PRICE CRASH FOR EVERY MONTH LAST YEAR($BN) SOURCE: GE...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Qatar Achieves Eight-Year High $24.5bn Surplus For 2022
...bounded following a $2.9bn deficit just two years earlier amid the Covid-19 pandemic. The latest figures from the Ministry of Finance show that last year’s surplus was the biggest since $29.8bn for 2014-15 (see chart 1). Qatar entered last year budgeting for a $2.3bn deficit. While few could have pr...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023