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Oman Unveils 2021 Upstream Bid Round
...ospect, which had been slated for 2020, appears to have been dropped amid the Covid-19 pandemic. The relinquishment “after an unsuccessful exploration programme” marks Mol’s departure from Oman after having relinquished Block 43B in 2014 (MEES, 31 March 2017). BLOCK 23: OFFSHORE APPETITE? Th...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Israel’s Delek Drilling Eyes $2.5bn Leviathan RBL Facility
...th which to meet fixed debt repayments. Exactly this pattern bankrupted Mena-focused Irish independents Circle Oil and Petroceltic in the wake of the halving of crude prices from $100/B-plus in the second half of 2014 (MEES, 19 June 2015). And it has near-bankrupted the Delek Group, which has be...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Bahrain’s Troubled Banking Sector Set For Turbulent Times
...hrain’s banking and finance sector has faced a considerable slew of challenges – challenges that show no sign of abating. The government’s finances have been hit hard by the crash in oil prices since the end of 2014, forcing it to tap the bond markets in an effort to plug its budget deficit and le...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Apicorp And Bahri Plan $1.5bn Saudi VLCC Shipping Fund
...versified and investment-led economy. “This fund will not only reduce Saudi Arabia’s dependence on external crude carriers, but also its earnings will be reinvested in the local economy,” says Mr Mufadhi. BAHRI/ARAMCO DEAL Bahri took over Saudi Aramco’s Vela shipping unit in 2014, in an ag...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
GCC Bonds’ Bumper Year: 1H16 Surpasses All Previous Full-Year Historic Highs
...Saudi Arabia’s SAMA for whom net foreign reserves dropped from a peak of $732bn in August 2014 to $581bn at end-April 2016, where it remained in May (see p20). The kingdom’s budget deficit soared from around $14.4bn in 2014 to a record $98bn last year (MEES, 8 January), and it has budgeted fo...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
Mubadala In Somalia Deal
...mpany says that processing of the data will continue until late 2014. Under the terms of the agreement signed with the Somali government last year, Soma’s seismic surveys grants it the right to bid for production sharing agreements to explore Somalia’s offshore area for oil and gas. Given the vo...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014