- Sort by:
- Score
- Published ▼
-
QatarEnergy’s Overseas Strategy Enters Pivotal Phase
...risk, with the majority of exploration wells ultimately coming up short. But by picking up a large, diversified slate of assets across the globe in partnership with highly proficient firms, QatarEnergy has maximized its chances of picking winners. CEO Saad Sherida al-Kaabi told MEES in late 2017...
Volume: 66Issue: 16Published at Fri, 21 Apr 2023 -
Israel's Leviathan Hits Q1 Output Record As Expansion Plans Move Up The Agenda
...the block area, containing, according to the best assessment, over 2bn barrels of oil and more prospects are under maturation process,” the firm adds. In 2017, Ratio took a 20% stake in Block 47 off Suriname from operator, UK-based firm Tullow, which retains a 50% stake in the acreage. Here, Tu...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
Low-Cost Middle East Reserves Aid IOCs In Price Slump
...ayed there since, with Total overtaking Exxon’s output in 2017. As such, while Exxon’s expansion focus has been on the US onshore, it shouldn’t be forgotten that it is still the Mena region’s second largest oil producer. TOTAL: MOST MENA BARRELS, LOWEST PRODUCTION COSTS Total is the Mena re...
Volume: 63Issue: 16Published at Fri, 17 Apr 2020 -
Chevron Goes All-In On The Permian
...l sector, but it may well lower the purchase price for any asset sale. And France’s Total, which bagged 12.25% stakes in Anadarko’s two Algeria blocks (208 and 404a) via its 2017 takeover of Maersk, would be the most likely suitor. In sharp contrast to Chevron, Total bigged up the attractiveness of...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
RAK Bags Eni For Offshore Exploration
...January). Long a peripheral part of Eni’s portfolio with oil output of just 40,000 b/d in 2017 all from Iraq, the firm’s entry into two Abu Dhabi offshore concessions last year (MEES, 16 March 2018) bumped this up to a record 67,000 b/d for 2018. With new exploration assets in Abu Dhabi, Oman, Ba...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Post-Merger Mubadala: Lots Of Cash, But Does The Strategy Work?
...llow state investment vehicle IPIC (MEES, 24 February 2017). A planned merger with $127bn Abu Dhabi Investment Council will provide more firepower. The firm, chaired by Crown Prince Muhammad bin Zayid Al Nahyan has become an incubator for senior energy figures since its inception in 2002, with the UA...
Volume: 61Issue: 16Published at Fri, 20 Apr 2018 -
Total And Sonatrach Bury Hatchet As Algiers Pushes Partnerships Agenda
...Algeria’s plans to open up a new gas province in the southwest of the country, is now scheduled for mid-2018, the Total spokesperson says. This latest date marks a further delay on the previous estimate of 2017 (never mind the most recent official Algerian date of 2016 – MEES, 17 February). Mi...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Eni: Unlikely Libya Boost Returns North Africa To Center Stage
...Italian firm Eni saw its North African output rise to a record 38% of its 2015 total. The key boost came from a somewhat unlikely corner – Libya. The region will if anything increase in importance for Eni going forward with first gas from its giant Egyptian Zohr field slated for late 2017...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Corporate Profile: OMV Looks To Iran To Re-Boot MENA Portfolio
...s) out to 2020 despite taking a further ax to exploration spending. 2015 spending of €607mn on exploration was already down by 12% on 2014’s record €693mn. OMV plans a 26% cut to €450mn this year with a further 33% cut to €300mn for 2017 (and this figure maintained for 2018). Overall capex fell from €3....
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Chevron Taps MENA For Output Boost
...REGIONAL Chevron Taps MENA For Output Boost Chevron is targeting a 25% increase in its oil and gas production by 2017 from about 2.6mn boe/d in 2013 with the Middle East expected to play a pivotal role in the expansion. The company intends to invest around $3.2bn in exploration an...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014