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BP Signs 5-Well Egypt Deal
...diterranean, where all recent key drillings have taken place. While the rapid decline at WND, which started up in 2017 with the Phase 1 Libra and Taurus fields, will be a sore disappointment for BP, it now provides an opportunity to tie-in nearby finds, given that the development has infrastructure ca...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Israel Crosses More Red Lines With Doha Airstrike
...E President’s visit to Doha was especially notable. Not just because the UAE was a key player in the 2017-2021 Qatar embargo (MEES, 8 January 2021), but because it is the most prominent signatory of the Abraham Accords with Israel. Next week marks the fifth anniversary of the Abraham Ac...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Europe Probes Second Cyprus-Linked EU-Funded Energy Project
...ate relies on burning fuel oil for power; oil burn accounted for 75% of its power generation last year, with renewables contributing 25%. Cyprus opposition party Akel’s Stefanos Stefanou told lawmakers earlier this month that Cyprus has racked up a €1.3bn ($1.5bn) bill to the EU since 2017 fo...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Oman’s Sohar Strengthens Gasoline Trading Hub Role
...dn’t impact trade of the fuel. Oman has been a net gasoline exporter since 2018 after upgrading and expanding its 197,000 b/d Sohar refinery the previous year (MEES, 17 February 2017), and both imports and exports have set new records each year since, with net exports steady at around 30,000 b/d on an an...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
Cairo Plans Bumper Winter LNG Imports But Power Cuts May Return
...RU, saw imports of 505,000 tons, the highest monthly figure since 2017. Presuming that the full 20 cargoes unload by the end of September this implies total Q3 import volumes of 1.4mn tons, the highest figure since 3Q 2017 (see chart 1). GAS OUTPUT: FROM BAD TO WORSE Egypt’s ga...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
Indian Oil Signs Up To Ruwais LNG
...w Delhi by Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, where he met Indian Prime Minister Narendra Modi. During the visit, Adnoc also signed a strategic framework agreement with Indian Strategic Petroleum Reserve Limited to extend its existing oil storage agreement. In 2017, Adnoc signed an...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
Germany’s Covestro Confirms Adnoc Takeover Talks
...quisitions. In 2017 it launched an aggressive $109bn downstream investment strategy, within which it set a target of more than tripling petrochemicals capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). While Adnoc has not outlined any new target figure, it is clear that the firm is pushing to go far be...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Oman’s OQ In $1.4bn Upstream Sell-Off
...en highly active at Block 60 in recent years. Output increased by 12,000 b/d year-on-year to a record 61,000 b/d for 1H 2023. The gains were driven by the Bisat oil field which was first discovered in 2017 and now has production capacity of 60,000 b/d (MEES, 27 January). Conversely, gas was down from 35...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Eni Spuds Key Morocco Wildcat
...ast (see map). MOROCCO GAS EXPLORATION & INFRASTRUCTURE Though the well, spudded by the Topaz Driller jackup in 100ms water depth, is the first since the block was awarded to Eni in 2017, both Portugal’s Galp and UK independent Cairn drilled nearby wells la...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Sonatrach Cuts Flaring As New Processing Plant Starts Up
...ripheral fields is perhaps 300,000 b/d. Plans to bolster output have taken two forms: the tie-in of peripheral fields, and increased use of advanced recovery. HGA ticks both boxes. The plant, delivered by India’s Dodsal under a $1.08bn 2017 EPC contract, processes output from several satellite fi...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Shamaran Secures Sarsang Stake As Total Exits Kurdistan
...rdistan for the second time – the Sarsang stake was acquired via its 2017 purchase of Denmark’s Maersk – was originally announced in July 2021 (MEES, 16 July 2021). Shamaran said at the time that “the Acquisition is highly accretive and transformative to Shamaran as it grows from a single asset company to...
Volume: 65Issue: 37Published at Fri, 16 Sep 2022 -
Libya’s Oil Exports: What’s At Stake?
...LER, MEES ESTIMATES. EUROPE STILL DOMINANT To be clear Libya’s key market remains Europe which at 844,000 b/d accounted for three quarters of the country’s exports in the first eight months of the year – its highest share since 2017 according to data intelligence firm Kpler (see chart 1). Mo...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Adnoc Adopts Targeted Approach In Search For Unconventional Partner
...ake in the Upper Zakum offshore oil field, where the partners target 1mn b/d by 2024 (MEES, 17 November 2017). In 2019 the respective CEOs announced that they had discussed “substantial new conventional and unconventional exploration opportunities in Abu Dhabi.” DRILLING EXPANSION Un...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
US Shale Output Tops 8mn b/d, Are The Gains Sustainable?
...d of this month. The last time the Permian DUC count was at 2,000 was in December 2017 when Permian output was just 2.88mn b/d, almost 2mn b/d below current levels. Clearly there is a limit to how long this DUC drawdown can continue. Well drilling and completion (fracking) are carried out by se...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Aramco Joins IOCs In Green Research Drive
...eir aggregated upstream operations from a 2017 baseline of 23 kg CO₂e/boe to 20-21 kg CO₂e/boe by 2025. Aramco’s carbon intensity is already just 10.4 kg CO₂e/boe. Given the current industry trajectory, it is not difficult to envision a scenario a few years from now whereby producers with the lo...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
BP Readies Egypt Gas Boost
...BP is preparing to bring online two additional wells on its North Damietta license in the Egyptian Mediterranean. At both the 2017 Qattameya discovery in 108ms water depth (MEES, 30 August 2019), and the Atoll-4 well drilled late last year (MEES, 13 December 2019) “preparation for pr...
Volume: 62Issue: 37Published at Fri, 11 Sep 2020 -
Iraq Plans Qayara Refinery Expansion
...mple topping plant at Qayara (MEES, 2 November 2018), which was rehabilitated in 2017 and suffered a small fire at one of its storage tanks last week. The lack of a capable refinery means volumes are trucked for export from Basra’s Khor al-Zubair terminal. Qayara’s poor quality means it is sold at...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Qatar Trade Patterns Three Years Into The Embargo
...plomatic relations with Qatar on 5 June 2017 and imposed an economic embargo that remains in place to this day. Qatar was forced to reshape its trade links in order to withstand the embargo (MEES, 9 June 2017) and three years later trade patterns have changed considerably. The situation has normalized to...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Conoco Enters Morocco
...stomary 25%) at the massive 10,000km² Tanfit exploration permit. Shell previously held the acreage as a reconnaissance permit (Issouka), converting to a full exploration permit at the end of 2017 whilst bringing in Repsol which previously had neighboring reconnaissance acreage. Moving to Morocco’s of...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Saudi Eyes Development Of Remote Northwest
...’ad al-Shamal industrial complex, which is centered around phosphate mining. To the southwest of Turaif is the 75mn cfd Midyan conventional gas processing plant, which was commissioned in 2017. Midyan gas was developed to supply gas to power generation facilities further down the coast at Du...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020