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IHC’S Lukoil Interest Showcases Global Energy Ambitions
...cently, Abu Dhabi’s overseas oil and gas interests have been in a process of consolidation that now appears to have ended. In 2017, Mubadala merged with fellow state investor IPIC, taking on a broad suite of investments that sit alongside its wholly owned subsidiary Mubadala Energy. This left it as Abu Dh...
Volume: 68Issue: 48Published at Fri, 28 Nov 2025 -
Egypt Looks To Kickstart WestMed Exploration With Seismic Surge
...fine their exploration strategies,” PGS says. Cairo previously commissioned PGS to shoot 2D seismic right across the Herodotus Basin in 2017-18 (MEES, 25 January 2019), before choosing to only offer up blocks comprising the nearer-shore portion of the Basin in subsequent drilling. BP DE...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Yemen’s Breakthrough Truce Threatened By Houthi Military Attacks
...mbined cycle power plant. Yemen’s oil and gas sector had been declining since long before the onset of civil war. Production peaked in 2002 at 457,000 b/d with exports remaining above 100,000 b/d until 2014 (MEES, 15 September 2017). However, since the start of the conflict and the Saudi-led in...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
India Crude Imports: Iraq Rebound As Russia Remains Dominant
...Latest official Indian crude import stats for October show volumes from Iraq rebounding to 1.06mn b/d, the highest since March, and the first over 1mn b/d since April. Iraq was India’s top supplier every year from 2017 to 2022 but Russia has surged ahead this year. India’s imports from Ru...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Algeria-Turkey LNG Deal
...gerian LNG. Nevertheless, Turkey has taken in excess of its contractual term volumes of Algerian LNG every year since 2017, whilst Turkey has been Algeria’s top export market for each of the past six years. For 2023, Algeria-Turkey volumes are on track to challenge the annual record of 4.37mn to...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
A Tale Of Two Egypts: Onshore Independents Struggle Even As Med Gas Thrives
...s drilling activities, which will have a positive impact on the Company’s production in Egypt,” Dana says. NILE DELTA BLUES Dana’s Egypt gas output fell to 125mn cfd for Q3 (25,800 boe/d including liquids) down from 139mn cfd a year earlier and almost 190mn cfd back in 2017. Ov...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Adnoc Plans IPO Of Key Gas Midstream Operations
...ES, 3 June). In September 2021, $1.1bn was raised through a 10% offering in Adnoc Drilling (MEES, 24 September 2021), and in October 2021 Adnoc and Egypt’s OCI raised $795mn by floating 13.8% of their Fertiglobe fertilizer JV (MEES, 8 October 2021). The first IPO of a subsidiary was the 2017 fl...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Israel’s Paz Eyes ‘Ashdod Oil Refinery’ Spin-Off As Margins Surge
...gh margins this year, though revenues were hit by a full maintenance shutdown between May and July which left Q3’s output of 62,700 b/d the lowest since Q2 2017 (see chart 1). Despite the prolonged Paz outage, Israel’s overall refinery output is on course to post a three-year high, averaging 27...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Aramco’s Moonshot: Jafurah Development To Power Major Gas Drive
...oduction began in 2017 and Aramco puts current North Arabia gas processing capacity at 400mn cfd (MEES, 30 March 2020). Now, clear progress is being made on the two larger developments in Eastern Province – South Ghawar and the Jafurah Basin. At South Ghawar, Aramco reaffirmed this week that first ph...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Iran Unveils 10 Year Upstream Investment Plan
...Azerbaijan. Until 2019 Iran used to regularly import gas from Turkmenistan to supply northern areas. Volumes peaked in 2017 at around 9.3bcm, before steadily dropping as South Pars output ramped up and Iran struggled to make payments (MEES, 13 January 2017). Mr Owji now says that “debt settlement wi...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Iraq’s 2030 ‘Sustainable Transition’ Plan: Gas & Renewables To The Fore
...newables by 2030, and 2.3bn cfd of additional gas processing capacity by 2026. The ministry of oil has an even more ambitious gas plan to add 2.49bn cfd of gas processing capacity by 2027 and to achieve zero flaring by 2030 as per a 2017 pledge made to the World Bank. Details of these plans were ou...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Iraq Plans Oil Prepayments To Alleviate Financial Meltdown
...uld exceed $20bn this year (see chart 2) – up from a $3.49bn deficit in 2019 and two small surpluses in 2017 and 2018. This prepayment deal will help reduce the gap, but only by a relatively small fraction. On the oil side, Iraq is doing all it can to mitigate the damage. Its planned launch of Ba...
Volume: 63Issue: 48Published at Fri, 27 Nov 2020 -
KRG: Chevron’s Sarta Online As Gazprom Eyes Sarqala Rebound
...Junior partner Genel Energy announced this week the startup of the Sarta oil field in Iraqi Kurdistan, the first new field to come online in the semi-autonomous region since Taqa’s Atrush in 2017. First oil from the Sarta-3 well is flowing to the 20,000 b/d early production facility, and Ge...
Volume: 63Issue: 48Published at Fri, 27 Nov 2020 -
Israel Gas Output, Exports At Record Levels
...favoring Leviathan – in which they both have substantially larger stakes than at Tamar (see charts, p7) – in sales contracts (MEES, 10 July). Jordan has imported small volumes of Israeli gas since the Arab Potash plant on the Dead Sea began offtakes from Tamar at the start of 2017. Volumes av...
Volume: 63Issue: 48Published at Fri, 27 Nov 2020 -
Energean Eyes 28,000 b/d Of Israel Oil Output
...eep decline: the 9M 2020 figure is down almost 20% from 2019 (225mn cfd gas, 5,500 b/d condensate: 45,500 boe/d total), which in turn is well down from 270mn cfd in 2017 (MEES, 4 August 2017). The key plan to reverse this decline is via the tie-in of the North El Amriya (NEA) fields to the north. En...
Volume: 63Issue: 48Published at Fri, 27 Nov 2020 -
QP Announces Aggressive Upscaling Of LNG Expansion Project
...ld MEES in 2017 that “the winner in this business is the one which can remain the lowest cost producer…we are the lowest cost producer” (MEES, 8 December 2017). When it comes to the expansion, Mr Kaabi is adamant that “you have to make sure that you are going to be efficient in your construction, an...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019 -
Baghdad And KRG Sign Preliminary Oil Sharing, Budget Deal
...mo. The KRG’s independent oil exports have been a major bone of contention with Baghdad and a key cause of broader tensions between the two parties – including the 2017 operation to retake two of the KRG’s key producing fields, Bai Hassan and the Avana Dome, which transferred 280,000 b/d of production ba...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019 -
Abu Dhabi Goes Big On PV As ‘Nonconventional’ CSP Output Slides
...nventional plant. The data implies that Shams-1 has not performed as well as intended. In an AIP Conference Proceedings paper published in June 2017, Shams Power Company general manager Abdulaziz Alobaidli says “it was obvious from the very first day of this project that it will be very challenging” to bu...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019 -
Saudi Oil Export Earnings At Two Year Low
...Saudi Arabia oil export revenues came in at $15.5bn in September, the lowest level in exactly two years. The latest government statistics show that earnings were the lowest since September 2017’s $13.6bn, and were down from $5.9bn the previous month. This was of course an inauspicious month fo...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019 -
Egypt’s EETC Bags $200mn EBRD Loan…
...s the lead investor at Benban, after Cairo’s Ministry of Energy relaxed previously prohibitive solar development terms (MEES, 3 November 2017). ...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019