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  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. 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: 65
    Issue: 48
    Published at Fri, 02 Dec 2022