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  1. Majors’ Russia Exit Puts Spotlight On Mena Portfolios

    ...dergone four straight years of falls, with production down by almost a quarter on 2011’s 4.26mn cfd. Further decline is on the cards for this year with Exxon also losing its 10% stake in Qatargas-1, although this will be partially offset through full operations at Qatar’s 1.4bn cfd Barzan gas project wh...

    Volume: 65
    Issue: 18
    Published at Fri, 06 May 2022

  2. Energean & Vitol Eye Israel-Cyprus FLNG Tie-Up

    ...esumably the choice of Cyprus, rather than Israel, as a location for the FLNG is with the aim of securing supplies from one of the three discovered gas fields off the south of the island: Chevron’s 4.1tcf Aphrodite (2011 discovery), Eni’s 6-8tcf Calypso (2018), and US major ExxonMobil’s 2019 5-8tcf Glaucus di...

    Volume: 65
    Issue: 18
    Published at Fri, 06 May 2022

  3. Saudi Arabia Pledges To Invest Oil Export Windfall In Economic Reforms

    ...P in the first quarter of the year growing at the fastest pace since 2011. Unsurprisingly, the surge has been driven by resurgent oil markets, as the fallout from Russia’s 24 February invasion of Ukraine has pushed oil prices above $100/B for the first time since 2014. The kingdom launched its Vi...

    Volume: 65
    Issue: 18
    Published at Fri, 06 May 2022