1. 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: 65
    Issue: 48
    Published at Fri, 02 Dec 2022
  2. 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: 65
    Issue: 48
    Published at Fri, 02 Dec 2022
  3. 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: 63
    Issue: 48
    Published at Fri, 27 Nov 2020
  4. Israel Bidding: Larger Blocks, More Interest?

    ...st two bids for six blocks, all located in the country’s northern offshore near existing discoveries (MEES, 24 November 2017). This time the Energy Ministry is grouping the 19 blocks on offer (eight of which were offered in the previous round) into five ‘zones’ – essentially meaning that five la...

    Volume: 61
    Issue: 48
    Published at Fri, 30 Nov 2018
  5. North Africa Focus For German $15bn Upstream Tie-Up

    ...tterOne, which is headed by Russian billionaire Mikhail Fridman. At the time Wintershall was also interested in acquiring DEA.  DEA & WINTERSHALL: KEY MENA ASSETS *WINTERSHALL LIBYA OFFICIALLY HAS 100%, BUT GAZPROM HAS 49% OF WINTERSHALL LIBYA. 80,000 B/D IS CAPACITY FIGURE. 2017 OUTPUT HAS AV...

    Volume: 60
    Issue: 48
    Published at Fri, 01 Dec 2017
  6. Schlumberger Joins List Of Firms Knocking On Iran’s Door

    ...ll comply with laws governing operations in Iran, there is a significant risk – although this is a factor that oil firms are used to dealing with – that President Elect Donald Trump will change US law on sanctions when he enters the White House in January 2017. Mr Trump has publicly condemned the li...

    Volume: 59
    Issue: 48
    Published at Fri, 02 Dec 2016
  7. BG Deal Brings Cyprus, Israel Gas A Step Closer To Egypt

    ...rket, rather than re-export as LNG, is concerned). This is especially the case given that, according to any conceivable timeframe, Zohr, slated for fast-track development with first gas in 2017, will come online years before Leviathan or Aphrodite (MEES, 23 October). Eni and Spanish firm Union Fe...

    Volume: 58
    Issue: 48
    Published at Fri, 27 Nov 2015
  8. Egypt’s Gas Crunch: Is A Quick Fix Possible?

    ...me online in late 2017 at the earliest following repeated delays. “The new oil minister is trying to stimulate investment and [gas] supply, particularly from the Mediterranean. They have some deepwater and shallow water discoveries, [but] it’s pretty much stranded at the moment because of the gas pr...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013