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QatarEnergy Expands Offshore Egypt, Partners Shell
...nsiderable acreage nearby. QatarEnergy has moved swiftly to develop a strong presence in Egypt’s upstream as bilateral relations thawed after the end of the 2017-2021 Qatar embargo (MEES, 23 June 2017). Relations are now at their warmest since the 2013 ousting of President Mohamed Morsi. More recently, Eg...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Adnoc Subsidiaries To Distribute $43bn In Dividends By 2030
...pital through the listing of subsidiaries. The firm made a splash in 2017 when it listed 10% of its retail fuel subsidiary Adnoc Distribution on the Abu Dhabi Securities Exchange (ADX). After the $851mn initial public offering, the energy giant went on to list stakes in five other firms: Adnoc Drilling (20...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Sonatrach Breaks Ground On Turkey Petchems
...,500 b/d) of propane for use as feedstock until 2040. This is equivalent to around 10% of Algeria’s current LPG exports of 197,000 b/d according to data intelligence firm Kpler (see chart 1). The deal will also solidify Turkey as Algeria’s no. 1 LPG customer, a position it has held since 2017. Algerian ex...
Volume: 64Issue: 41Published at Fri, 15 Oct 2021 -
The KRG’s $850mn Oil Arrears Problem
...vestor, but having just missed four months payments, the KRG doesn’t have much credibility. It’s a mess.” Erbil made a similar deal in 2017 with DNO and Genel (as well as the gas-focused Pearl Consortium) which saw the firms take the KRG’s 20% stake in Tawke along with monthly override payments. But, wi...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Russia SWF Opens Saudi Office
...sit Russia in a landmark October 2017 visit which publicly demonstrated the warming relations (MEES, 6 October 2017). So far, the strengthening of ties has been primarily played out in the oil markets arena, with Russia and Saudi Arabia the key players in the Opec+ production agreement. The next st...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Total Signs Up For Algeria Expansion
...laise affecting Algeria’s gas sector. Despite the start-up of a key Repsol-led field (2.9bcm/year Reggane North), sales gas volumes edged down to 94.5bcm for 2017 (MEES, 7 September). Delays elsewhere mean output may decline this year despite the February start-up of the 1.8bcm/y Timimoun field: first ga...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Qatar Drilling Tender Imminent
...ss as an export terminal. The timeline has slipped slightly as Mr Kaabi told MEES in December 2017 that “all the bids are in now and we are evaluating these. By the first or second quarter next year we will decide with our partners what we want to do” (MEES, 8 December 2017...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
DNO All In On Iraqi Kurdistan As Output Soars
...ne 2017 start up. With DNO riding high on production gains and higher oil prices, the company is also poised to begin drilling at Baeshiqa (DNO 32% op, ExxonMobil 32%, Turkish Energy Company 16%, KRG 20%). The firm finalized its acquisition of its 32% stake from ExxonMobil in April (MEES, 4 May). Th...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Aramco IPO: Is 2018 Deadline Doomed?
...ction to ‘Recent Growth-Enhancing Structural Reforms’. Three key reforms essential to capital market development have been successfully implemented the IMF says: the launch of the Nomu secondary equity market in March 2017, the introduction of the T+2 settlement cycle for securities in April 2017 and th...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
MOL Confident Of Future In Kurdistan
...tends to raise production from the block to an expected minimum 50,000 boe/d by 2017-18. Early production from Akri Bijeel began in March this year at a rate of 3,500 boe/d and Mr Dodds says it is expected to ramp up to 10,000 boe/d by the end of the year. The temporary facilities are to test zones wh...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
KUFPEC Plants First Gulf Flag In North American Shale
...rth American upstream chief says. KUFPEC says that the results of wells drilled by Chevron and other firms with acreage in Kaybob are “comparable to the best in the US Eagle Ford shale play.” Chevron and KUFPEC will conduct a full appraisal drilling program between this year and 2017, to be followed by...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
Majors Look To Cling On To ADCO Stakes
...oduction capacity to 1.8mn b/d by 2017 are still on track regardless, he added....
Volume: 56Issue: 41Published at Fri, 11 Oct 2013