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Syria Eyes Major Players for Offshore Blocks
...prus has yet to start producing gas despite discovering the Aphrodite field in 2011. He estimated that it would take 6-8 years before any gas can be produced and even that timeline could prove overly optimistic. ...
Volume: 68Issue: 51/52Published at Fri, 19 Dec 2025 -
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 -
Libya Instability Returns With Zawiya Force Majeure
...ssible to end these clashes and keep oil facilities out of the conflict zone, regardless of the causes or motives.” INSTABILITY RETURNS The incident is the latest episode of instability that has plagued Libya’s vital oil and gas sector in the near 14 years since the country’s 2011 re...
Volume: 67Issue: 51/52Published at Fri, 20 Dec 2024 -
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 -
Kuwait’s New Emir Criticizes Political Divisions
...so suffered a leadership vacuum of late, with the government accused by MPs of filling high-level vacancies based on loyalties rather than merit. The new Emir criticized recent pardons granted to opposition figures, including former MPs who were involved in the 2011 storming of parliament, in ad...
Volume: 66Issue: 51/52Published at Fri, 22 Dec 2023 -
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 -
Iran Plans Major Gas Storage Expansion To Face Winter Shortages
...feeding stranded provinces to become a strategic energy balancing tool. According to the report, the difference between summer and winter demand peaks jumped from 180mn m3/d (6.36bn cfd) in 2011/12 to 221mn m3/d (13bn cfd) in 2021/22. Moreover, steady growth means that consumption in summer is no...
Volume: 66Issue: 49Published at Fri, 08 Dec 2023 -
Libya Exploration Picks Up Steam As NOC Reiterates Ambitions
...Libya is persuading more and more of IOCs to return to exploration. The country’s rig count hit 18 for October, the highest level since the 2011 revolution (see chart). And recent weeks have seen a flurry of announcements from NOC that foreign oil and gas firms are planning on resuming dr...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Eni & Total Add To Cyprus Gas Finds With 2-3tcf Zeus
...arby. Taken together such volumes would in theory be sufficient to justify the construction of a land-based LNG plant, Nicosia’s long-stated aim ever since Cyprus’ first gas discovery, 4.5tcf Aphrodite, back in December 2011 (MEES, 9 January 2012). Despite the five to-date gas discoveries, no field ha...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022 -
Libya Calls On IOCs To Return To Work
...e country to return and “lift the force majeure declared by them.” Libya’s chaotic political trajectory since the 2011 ouster of Muammar Gaddafi has made many IOCs wary of fully engaging in the country which holds the largest proven oil reserves in Africa some 48.3bn barrels according to Op...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
Chevron Hits Paydirt With 3.5tcf Egypt Gas Find
...veloped 4.5tcf 2011 Aphrodite discovery. The US major only entered Egypt in 2019 when it was awarded a frontier Red Sea exploration block. In July of 2020 it took its first offshore Mediterranean acreage, when it was awarded Narges as well as two further blocks in Egypt’s unexplored West Mediterranean re...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Libya’s Gas Export Dreams Face Hard Reality
...art 1). The figure is dangerously close to 2011’s all-time low of 215mn cfd when production and exports were shut in for long periods during that year’s revolutionary turmoil. Libya’s sales gas output rose marginally last year to 1.2mn cfd, but this is still more than 20% below 2010’s record of 1.55mn cf...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Exxon Spuds Cyprus Well
...vuşoğlu said he had received assurances from Washington and Doha that any potential drilling would only take place in areas not claimed by Turkey. Glaucus, with an initial reserves estimate of 5-8tcf (MEES, 1 March 2019) was the third gas discovery to be made off Cyprus following 2011’s 4.1tcf Ap...
Volume: 64Issue: 51/52Published at Fri, 24 Dec 2021 -
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 -
BP’s Egypt Raven Outages Dampen Late Year LNG Export Hopes
...ll in LNG exports. With December’s exports now set to be lower still, exports for 2021 as a whole are now set to fall short of 2011’s 6.90mn tons, though at 5.97mn tons for 11M21 volumes are already well ahead of 2012’s 5.33mn tons for a 10-year high (see chart). Spluttering exports earlier th...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Libya’s Road To 2mn b/d: Stability Is Key
...y topic dominated discussions above all others: the need for stability. “If stability can be granted, I think Libya can move ahead very quick,” says Wanis Elruemi, country manager for Eni which is Libya’s top foreign producer. The fall of Muammar Gaddafi in 2011 and the subsequent fr...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021