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Algeria To Launch New Bid Round In Early-2026 Amid Shale Gas Push
...ploration in the Algerian Sahara in 2014 and 2015, amid environmental concerns, with violent clashes breaking out between protesters and police forces (MEES, 6 March 2015). A 2014 bid round featuring a number of shale-plays failed to garner interest, with no contracts awarded for any of the shale blocks of...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Qatar Targets 380,000 B/D From Al Shaheen
...s contract for the field in 2022, but output has dropped from 7,700 b/d in 2015 to 1,800 b/d in 2023. The only one of these fields on a growth trajectory of late is Al Khalij, which was awarded to TotalEnergies in 2014 (MEES, 20 March 2015). Output dropped from 23,600 b/d that year to just 10...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Saudi Arabia Doubles Deficit Forecast For 2025
...reseeable future, but strong economic growth in recent years means that as a share of GDP, the deficits are expected to be considerably less than over the 2014-2020 period. By way of comparison, this year’s forecast $65.3bn deficit is comparable with 2017’s $63.6bn figure. But while the 2017 deficit was eq...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Tunisia’s Presidential Election: Strongman Saied Set For Re-election
...tober, observers say President Kais Saied is poised for re-election, with most of his critics and other candidates behind bars. Tunisia, which has long prided itself as the birthplace of the Arab Spring, was briefly touted as the only successful democracy in the region (MEES, 24 October 2014). But th...
Volume: 67Issue: 40Published at Fri, 04 Oct 2024 -
Saudi Arabia Revises Down Mid-Term Revenue Expectations
...ands at $96.20/B, with speculation that this means the kingdom needs to target an oil price of around $100/B (MEES, 27 September). What this ignores is that Saudi Arabia has only achieved a surplus once since 2014 – during 2022 when Russia’s invasion of Ukraine disrupted oil markets (see chart 1) – and ye...
Volume: 67Issue: 40Published at Fri, 04 Oct 2024 -
BP/Adnoc Deal For Israel’s NewMed Under Threat
...inked in 2014 between Woodside and NewMed (Delek Drilling at the time) for a 25% of Leviathan fell apart just hours before it was due to be inked due to reported clashes between the Australian firm’s hierarchy and Mr Tshuva (MEES, 23 May 2014). BP and Adnoc will not be expecting to take full co...
Volume: 66Issue: 40Published at Fri, 06 Oct 2023 -
Israel’s New Med: Leviathan Expansion ‘First Priority’
...sis this is a very viable option.” While FLNG is a relatively-new technology, increasing the risk of delays, Mr Abu says that the Leviathan partners are confident of the technology, having “started to analyze that in 2013, 2014.” This is a reference to talks the Leviathan partners held with Au...
Volume: 65Issue: 40Published at Fri, 07 Oct 2022 -
India Lng Imports Down Again
...ack to run close the record annual figure of $8.43bn set in 2014. Back then Qatar enjoyed an overwhelming 86% market share versus just over 50% for 8M 2022....
Volume: 65Issue: 40Published at Fri, 07 Oct 2022 -
Iraq Reserves Record
...Central Bank of Iraq (CBI) reserves hit $87bn as of end-September according to CBI Advisor Ihsan Al-Yasiri. This is up $23bn on the end-2021 figure and higher than their previous $81.14bn record set in May 2014 prior to Baghdad tapping them as a result of the 2014 double shock that saw ISIS ta...
Volume: 65Issue: 40Published at Fri, 07 Oct 2022 -
Petrofac Hopes To Turn Page After UK Bribery Conviction
...yments in 2013 and 2014 (MEES, 19 March). Being shut out of what were three key markets – and also the three (alongside Qatar) Mena markets with the largest suite of upcoming energy investments (MEES, 30 April) – has left Petrofac casting round for work in what were formerly marginal areas such as Li...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Egypt Power Use Suffers Amid Covid Demand Depression
...nce 2014-15’s 147.0TWh. *Power consumption by the industrial sector slumped 13% year-on-year to just 9.58TWh for Q2, the lowest quarter since 1Q16 and the lowest second quarter in over a decade. For 2019-20 as a whole, industrial consumption was down 7% at 41.2TWh, the lowest figure since 20...
Volume: 63Issue: 40Published at Fri, 02 Oct 2020 -
Libya’s NOC Demands Funds
...s witnessed some wild fluctuations over the years - mainly due to conflict. It plummeted to a low of 200,000 b/d in April 2014, but has recovered in recent months and hit a six-year high 1.26mn b/d in May this year. September output came in at 1.22mn b/d. Years of neglect, war and un...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Tunisia’s Upstream: Can It Emerge From A Lost Decade?
...llowing the revolution, the country’s 2014 constitution made it even more difficult for the government to award exploration blocks. In the name of oversight and transparency (key demands of the uprising, among others) the new constitution’s Article 13 stipulated that any new awards must be approved by pa...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Egypt Gas Hub Ambitions Gather Pace
...the end of June 2014, and institutional bureaucracy which kept them away. Prior to 2015, oil firms operating in Egypt were paid $2.65/mn BTU for the gas they sold the state. This pricing failed to take into consideration deeper offshore and more complex discoveries. BP held-off on sanctioning WN...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Iraqi Government Formation Gathers Pace
...al with his counterpart Ashti Hawrami in 2014 giving Iraq access to the KRG’s 700,000 b/d export pipeline to Ceyhan, Turkey (MEES, 5 December 2014). Baghdad would have otherwise had to shut-in the bulk of its production from Kirkuk following the Islamic State’s 2014 advance in which they damaged Ir...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Houthis Eye Tempting Target
...Since Aramco began building the Jazan refinery and associated oil terminal in 2014, the local geopolitical situation has deteriorated sharply, with Riyadh supporting the Yemeni government in its campaign to quell Houthi rebels, whose area of operation is just south of Jazan in northern Ye...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Saudi-Kuwait Neutral Zone: No Deal
...d is the only such foreign firm in either country’s upstream. PNZ output was around 440,000 b/d in the first half of 2014 before the 240,000 b/d offshore output was halted in October 2014, with the onshore portion’s 200,000 b/d stopped in May 2015 (MEES, 31 July 2015). ...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Saudi Steps Up Spending In Bid To Boost Economy
...e 2014 oil price collapse, the Saudi government has more recently turned to debt markets. This enabled foreign reserves to rise to an 18-month high of $510bn at end-August, though this is still well down on its August 2014 peak of $746bn (see chart MEES, 5 October). Having raised $21.5bn in 20...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Aramco Ready To Fire Up Power Plant As Key Jazan Projects Near Completion
...C First phase 1mn t/y steel billets, second phase 1mn t/y Steefco (2014) 0.04 Within JEC Forming, coating 180,000 t/y of steel rebar and mesh U/C: Jazan refinery (2019) 7.00 Within JEC 400kb/d CDU. Output in...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
East Med Gas Development: Hang Together Or Hang Separately
...quefaction plants. Aphrodite partner Shell has a stake in one of Egypt’s two LNG liquefaction plants, the 7.2mn tons/year ELNG plant at Idku, and Eni in the 5mn t/y Segas plant at Damietta. Meanwhile, Noble inked a provisional deal in June 2014 with BG (now Shell) to send 105bcm of Leviathan gas over 15 ye...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017