1. Delek’s Leviathan Endgame: Chevron Entry, Debt Mountain Make Sale All But Inevitable

    ...cember 2017), may well be interested. Indeed, if Chevron comes to be seen as having escaped lightly in geopolitically terms from its decision to enter Israel, this may well lead other majors and large IOCs to see the country in a different light. For Total and Eni, with Lebanon exploration and a he...

    Volume: 63
    Issue: 31
    Published at Fri, 31 Jul 2020
  2. Oil Services Firms: Mideast The Relative Bright Spot Amid North America Carnage

    ...05, 32.8%) for the first time. And whilst Baker Hughes has since 2017 not split oilfield services revenue by region (aside from ‘North America’ and ‘International’), the Middle East with Asia has almost certainly overtaken North America’s share here too given that the International share rose to a re...

    Volume: 63
    Issue: 31
    Published at Fri, 31 Jul 2020
  3. Total Sees Algeria Revenue Fueling Mozambique LNG Plans

    ...quired via last year’s Maersk takeover (MEES, 25 August 2017). So the Anadarko deal triples its output from the acreage to just shy of 100,000 b/d. Not surprisingly, Mr Pouyanné says the company “anticipate[s] some efficiency gains” in Algeria as a result of the deal. Total’s overall Algeria output also in...

    Volume: 62
    Issue: 31
    Published at Fri, 02 Aug 2019
  4. Libya: Companies Crave Elusive Stability

    ...,000 b/d for 1H 2017. However the firm is clearly not banking on these gains continuing. “Production in Libya is forecasted to be at a similar level to that of 2017,” the firm said on 2 August. Average 2017 output was 25,000 b/d.  Repsol also continues to insert the caveat that its 2018 global output fo...

    Volume: 61
    Issue: 31
    Published at Fri, 03 Aug 2018
  5. Gulf NOCs Target IPOs, Other Routes To Foreign Funding

    ...ke place on the Abu Dhabi Stock Exchange by the end of 2017. Adnoc has not publicly stated the size of the stake that will be sold but Bloomberg on 11 July reported that Adnoc may seek a valuation as high as $14bn, with proceeds from the share sales potentially pulling in as much as $3bn for Abu Dh...

    Volume: 60
    Issue: 31
    Published at Fri, 04 Aug 2017
  6. Iran Oil Contracts Move One Step Nearer

    ...eenlights the IPC swiftly, there is a strong likelihood that no contracts will be finalized under it until 2017. The scale of investment needed for projects in Iran means that a lengthy evaluation process would be required before a bid would be submitted, and Iran has yet to finalize which fields will be of...

    Volume: 59
    Issue: 31
    Published at Fri, 05 Aug 2016
  7. Germany’s RWE Faces Challenging Sale Of North African Assets

    ...60%, RWE 40%) and West Mediterranean (BP 80%, RWE 20%) deep water concessions. RWE is committed to spending $3.6bn. But the project has been subject to chronic delays. RWE’s latest presentation material indicates that start-up will not be before the end of 2017. Instead of moving forward with the pr...

    Volume: 56
    Issue: 31
    Published at Fri, 02 Aug 2013