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Eni, BP Prepare For Historic Libyan Deepwater Well
...ES, 4 June 2007), but the plans were disrupted by the 2011 revolution and the ensuing instability, and Eni has since taken over as operator of the consortium (42.5% each). The announcement puts drilling more or less on schedule, with Eni North Africa head Martina Opizzi last year saying that an in...
Volume: 68Issue: 50Published at Fri, 12 Dec 2025 -
Qatar Slams EU Over Rules It Says Will Halt Bilateral LNG Trade
...sitions regarding the primacy of the energy transition over energy security. Qatar’s LNG exports to Europe peaked back in 2011. But since then the emirate had faced more competition from the likes of Russia, and since 2016, the USA. Even with Qatar lifting exports to Europe in 2022, they re...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Cyprus Hopes For Mega Exxon Elektra Find To Jolt Its Gas Sector To Life
...ock 3 (MEES, 16 February 2018) in a move it said was linked to defending the interests of the Turkish Cypriot community who mostly live on the northern third of the island which has been occupied by Turkey since 1974. Beyond the discovery of Aphrodite, 13 years ago in late 2011, Cyprus has seen fo...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Tunisia & Libya Offer Up Border Discovery & Exploration Block In Bidding
...llowed up with a second successful well, Zarat-2, whilst 2011’s Zarat North-1 confirmed the extension of Zarat onto the Joint Oil block (MEES, 9 April 2012). The wells demonstrated a condensate-to-gas ratio of 85 barrels per million cubic feet of gas with medium case (2C) recoverable reserves pegged at...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Libya’s Legal Battle To Recover Billions In Overseas Assets
...termine the exact value of the country’s assets. FROZEN BILLIONS In the immediate aftermath of the 2011 popular protests and Gaddafi’s violent response, leading up to his eventual demise in October that year, the international community rushed to freeze Libyan assets that could fu...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Kuwait’s Cabinet Looks Ahead To A Troublesome 2024
...position figures, including former MPs who were involved in the 2011 storming of parliament (MEES, 5 December 2011). On 27 November, the cabinet signed-off on Emiri pardons that granted amnesty to Kuwaiti citizens who were jailed, stripped of citizenship or criminally indicted for state-security and te...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Libya Oil Output Boost
...Libya’s state-owned Sirte Oil company says its output has hit 93,500 b/d with the Raguba field producing at 13,300 b/d, the highest level since 2011. This comes as Libya’s self-reported output hit 1.206mn b/d for November, the highest since Tripoli began ‘direct reporting’ of figures to th...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Tunisia Lays Out Roadmap
...me day that marked the beginning of the Tunisian Revolution which ousted former ruler Zine El Abidine Ben Ali one month later in January 2011. A roadmap had been a key demand of many political and civil society organizations since the president’s move to suspend parliament and assume executive po...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
Kuwait’s New Parliament Faces Major Economic Headwinds
...rving oil minister since 2011. 1: KUWAIT HAS STRUGGLED TO ELIMINATE BUDGET DEFICITS AMID LOW OIL PRICES ($BN) B=BUDGETED DEFICIT. ^AMENDED FROM ORIGINAL BUDGET. SOURCE: KUWAIT MINISTRY OF FINANCE, MEES. 2: KUWAIT EXPORT REVENUES ARE GRADUALLY REBUILDING FROM OIL PRICE COLLAPSE ($BN...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
China’s Role In Iraq Expands With $2bn Prepayment Deal To Zhenhua
...% Y 30 2013 Was Kuwait Energy (2018 purchase) Siba (gas) UEG^ 30% Y 30mn cfd 2011 Was Kuwait En...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Libya’s NOC Clears House With Key End-Year Deals
...e tighter terms (MEES, 9 March 2009). Of course the pressure eased in 2011 when Libya had other problems, but Wintershall, now Wintershall Dea, finally agreed to sign up to them this week. Unlike Wintershall, the Waha concession will retain special contractual terms. But in order to secure part of...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Russia’s Tatneft Back In Libya For Seismic
...rced to exit in 2011 when Libya’s civil war kicked off. It returned in 2013 but had to pack its bags the following year due to civil strife. Flare-ups in violence have continued since, making it exceedingly difficult for NOC to encourage IOCs to restart exploration work. Tatneft’s return will be we...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Leviathan: The Giant Stirs
...hr’s 3.2bn cfd plateau (see box). Leviathan’s problem was never lack of gas but rather a lack of an outlet large enough to justify full commercial development. Development options considered, then sidelined, included a tie-back to an LNG plant in Israel or Cyprus (MEES, 17 January 2011), a pipeline to...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Israel Throws Spanner In Aphrodite Development
...Cyprus’ 2011 Aphrodite discovery had finally seemed to be moving forward with a development plan agreed with Nicosia in June (MEES, 7 June), but neighboring Israel says ‘not so fast’. A small portion of 4tcf Aphrodite is thought to extend into Israel’s Yishai license (see map below). Udu Ad...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Libya’s NOC Forced To Shut In Key El Sharara Field
...vel given the seemingly unending instability rocking the country since the overthrow of Muammar Gaddafi in 2011. With national output at five-year high levels, El Sharara operator Repsol as of early November, was eying a Q4 rebound from the Q3 average of 280,000 b/d (MEES, 9 November), which was do...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
Qatar: New 2.5GW Plant Powers Economic Growth
...w been overtaken by Australia (see p16). Qatar’s hosting of the 2012 Cop-18 climate talks was widely ridiculed given that the emirate has one of the highest per capita carbon footprints in the world (MEES, 5 December 2011). Hopes that Qatar’s hosting of the event would spur it on to making major im...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
KRG: IOCs Nervously Eye Calendar As Payment Wait Drags On
...ntested territory that Exxon was controversially awarded in 2011 (MEES, 21 November 2011). A Turkish military base also lies at Baeshiqa, further complicating the area’s status. The KRG currently gets another 110,000 b/d from the Khurmala dome of the Kirkuk field, and about 110,000 b/d from its other pr...
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Kuwait: New Oil Minister Eyes Neutral Zone Restart
...ll be a particular target. Such a move could prompt the Emir to dissolve parliament again. Similarly, the population’s patience with the prime minister, first appointed in December 2011, is running out. NEUTRAL ZONE RESTART LOOMING? Rumors have been rife in recent weeks that Saudi Arabia and Ku...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
Qatar Readies For LNG Dogfight With Rasgas/Qatargas Merger
...cent past. QP CEO Saad al-Kaabi says “the integration aims to create a truly unique global energy operator in terms of size, service and reliability.” As a swing supplier between key Asian and European markets, Qatar reaped the benefit of high oil and spot LNG prices from 2011 (when the Fukushima nu...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
Should I Stay Or Should I Go? Majors In The KRG
...mpleted in 2015. EXXONMOBIL • The US major has recently reduced its KRG exposure. • Controversially awarded six blocks in 2011, complicating the US firm’s relationship with Baghdad (it operates the key southern West Qurna-1 field). Two of the blocks, Al-Qosh and Baeshiqa in di...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016