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IOCs Bullish On Libyan Outlook As Security Situation Improves
...ergy Services Reunited (NESR), which has provided oilfield services in the Middle East and Asia Pacific regions since 2017, and SLB which is partnering with Arkenu. “North Africa remains a key growth pillar, led by a surge of activity in Libya,” NESR CEO Sherif Foda said in his firm’s Q4 earnings ca...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
Oxy: UAE Gas Boosts ‘International’ Prospects
...osted the firm’s global output by 4% and that of gas by 12%, in both cases the highest level since 2020. The firm has slimmed down its international portfolio, ditching positions in Bahrain, Yemen and Libya (MEES, 12 August 2016 & MEES, 10 February 2017) and focusing its slimmed-down international fo...
Volume: 68Issue: 09Published at Fri, 28 Feb 2025 -
Eni Cements Role As Algeria’s Key Foreign Partner With BP Purchase
...ENAS & IN SALAH GAS PROJECTS PRODUCED 540MN CFD EACH FOR 2022 WITH BOTH WELL DOWN ON 2017-18 LEVELS (MN CFD) ON A NET BASIS ENI (BP) AND FOREIGN PARTNER EQUINOR RECEIVE AND GAS FROM IN SALAH (BP/ENI 179MN CFD, EQUINOR 172MN CFD FOR 2022) AND LIQUIDS ONLY FROM IN AMENAS (15,700 B/D EACH FOR 20...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Repsol Mena Pullback
...ggane development in Algeria’s remote southwest was one of Repsol’s key development projects for 15 years between initial 2002 drilling and eventual start-up in late 2017 (MEES, 22 December 2017). And for this, Algeria’s tight financial terms meant the project netted Repsol just 8,200 boe/d (around 46mn cf...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Adnoc Advances Infrastructure Revamp With Storage, Pipeline Deals
...ores up to 6.29mn barrels at Kiire (MEES, 27 January 2017). UAE OIL & GAS INFRASTRUCTURE PIPELINE INVESTMENT PROJECT Shortly before the storage announcement, Adnoc confirmed that a deal had been reached to lease 18 crude oil and condensate pipelines to US investors Bl...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Noble East Med Plans Gather Pace
...% (%) TAMAR POSTS QUARTERLY RECORDS IN 2017 (MN CFD) SOURCE: NOBLE, DELEK. ROOM TO GROW Beyond the contracted volumes, Noble says it believes there is “substantial remaining opportunity in both the regional export market and within Israel.” Israel is prioritizing gas usage in po...
Volume: 61Issue: 09Published at Fri, 02 Mar 2018 -
Mubadala US Petchems JV
...ganizations were merged under the Mubadala name in early 2017. Expansion of its already complex links with OMV forms a key part of Abu Dhabi’s petchems plans. State petroleum firm Adnoc and Borealis are partners in the 60:40 Borouge JV, operating three polyolefins plants with a combined capacity of 4....
Volume: 61Issue: 09Published at Fri, 02 Mar 2018 -
IOCs Continue To Play It Safe In Libya
...arter of 2014 with output of around 700,000 b/d. But state-owned National Oil Corporation (NOC) is yet to persuade some of its major international partners that its bullish oil and gas production targets for 2017 will be achieved. NOC is targeting production of 1.25mn b/d by the end of the year and pl...
Volume: 60Issue: 09Published at Fri, 03 Mar 2017 -
‘Low Cost’ Zohr Moves To Center Stage As Eni Slashes Upstream Spend
...ase. Eni says the “development plan envisages the start of production by the end of 2017,” a highly ambitious target. The terms of the development lease envisage output ramping up to 2.65bn cfd, more than half of the country’s current output, by 2019. But a final investment decision (FID) has yet to be ma...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Libya: Companies Have Only Bad News, Apart From Eni
...FRASTRUCTURE …BUT BETTER NEWS IN ALGERIA There was better news for Repsol in Algeria, where Mr Imaz said in prepared remarks on the earnings statement that the execution of the company’s Reggane North project “progresses,” with first gas due in 2017. The project has suffered substantial delays since Re...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Petrofac Bags $1.2Bn Oman Gas Deal
...ll as an associated condensate processing system, a power generation plant, a water treatment system and other associated infrastructure. Petrofac says it will complete work on the CFP by 2017 in time for startup of Khazzan production – first gas is slated for late 2017 under the development pl...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014