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IOCs Bullish On Libyan Outlook As Security Situation Improves
...rst post-revolution licensing round, awarding five of 20 oil and gas exploration and development blocks (MEES, 13 February). The licensing round success is the latest indicator that Libya's oil sector is getting back on its feet after years of disruption following the 2011 revolution. IOCs that re...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
Oman Lays Out Plan For 30% Renewables By 2030
...gure closer to 9.2bcm more likely. MEES estimates indicate that gas consumption will peak at around 10bcm in 2027, before dropping by more than 30% to less than 7bcm by 2030, which would make it the lowest since 2011 (see chart 4). Achieving this decline will require a significant improvement in...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
Libya Officials Hail ‘Successful’ Bid Round, As Chevron Returns
...illing campaign in Libya since the 2011 revolution (MEES, 1 November 2024), and announced a new 4,200 b/d oil discovery a year later (MEES, 31 October 2025). “Chevron is excited to enter Libya with the award of onshore Contract Area 106, which underscores our focus on North Africa and the Eastern Me...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Syria’s SPC Courts IOCs As Re-engagement Accelerates
...west producer next year (MEES, 6 February). Regional experience suggests success is far from guaranteed: Lebanon’s two offshore wells to date have flopped, while Cyprus has yet to bring gas onstream despite discovering Aphrodite 15 years ago in 2011. Speaking to MEES on the sidelines of IE Week, Mr Qa...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
TotalEnergies MENA Portfolio: Building On Growth
...fshore exploration alongside QatarEnergies (see p6). The two are already partners in neighboring Lebanon’s offshore, while TotalEnergies was a major player in Syria prior to the outbreak of civil war in 2011; its net-Syrian output that year was a sizeable 53,000 boe/d of primarily gas (218mn cfd) al...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Chevron Very Excited By East Med Potential
...ES, 23 January). Israeli firm NewMed Energy, Chevron’s partner at both Aphrodite and Leviathan, estimates first gas from the Cypriot field in 2031. Despite being discovered in December 2011, Aphrodite is no longer in line to be the first Cypriot gas field to be developed. That accolade looks set to...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
Repsol ‘Optimistic’ As Libya’s Sharara Output Hits Five-Year High
...arly 60,000 b/d before the 2011 revolution but output has averaged 25-30,000 b/d in recent years. LIBYA’S SHARARA CONCESSION: AVERAGE OUTPUT SLUMPED TO 200,000 B/D FOR 2024 ON THE BACK OF LENGTHY OUTAGES (‘000 B/D).... ...BUT NEW DRILLING CONTINUED APACE. REPSOL SAYS CAPACITY LEAPT BY 37,000 B/D OV...
Volume: 68Issue: 09Published at Fri, 28 Feb 2025 -
Cyprus Eyes Gas Riches: Cronos And Aphrodite Plans Advance, Destination Egypt
...uld be 2031, 20 years after discovery, before Chevron achieves first output. Cyprus’ 3.5tcf Aphrodite field, the Mediterranean island’s first gas discovery in 2011, has a new development plan after Nicosia on 14 February accepted proposals filed by Chevron in September that envisage 800mn cfd ou...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Libya Ups Drilling Efforts
...oduced at 95,000 b/d prior to Libya’s 2011 revolution. Effective capacity has been perhaps half this in recent years but leading US-based services firm SLB has been working with Eni and NOC on a campaign to re-enter long-producing wells with its latest stimulation technology. SLB last month said that th...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
Unlocking the East Med Energy Potential: A Vision for the Future
...scovered in 2011, appear to have hit a roadblock as the US major continues to buy for time with a 31 March deadline looming. Next door in Israel, just 30km away, Chevron is also faced with a conundrum – how to expand output at the 23tcf Leviathan field. The options in front of it appear problematic to sa...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
Eni Eyes ‘Best Fast-Track Development’ For Cyprus Cronos Find
...scovered more than a decade earlier in 2011, as Cyprus’ first gas development. Chevron (35%op) and its partners Shell (35%) and Israel’s NewMed (30%) have been set a deadline of 31 March to submit “optimizations” to Aphrodite’s 2019 approved field development plan (FDP) after previous modifications were re...
Volume: 67Issue: 07Published at Fri, 16 Feb 2024 -
Adnoc & BP Ink Egypt Gas JV With Israel Entry On Hold
...scovered in 2011 and mentioned by BP as a potential development option back in 2019 (MEES, 24 May 2019). $1BN+ DEAL? The companies do not say how much Adnoc will pay for just under half of BP’s share in the six assets beyond that a “proportionate cash contribution” will be earmarked “for fu...
Volume: 67Issue: 07Published at Fri, 16 Feb 2024 -
Saudi Economy Contracted In 2023 Amid Oil Price Drop
...7% contraction in 2020 during the Covid-19 pandemic - largely because in 2020 the sector was coming off a relatively weak previous year. Indeed, it is the sharpest oil-sector contraction in MEES records going back to 2011 (see chart 1). Oil prices softened considerably last year amid strong su...
Volume: 67Issue: 06Published at Fri, 09 Feb 2024 -
Tunisia’s Upstream: On Its Last Legs?
...cord 98,900 b/d for 2022. With chronic instability since Tunisia’s 2011 revolution having led to an investment collapse the country has gone from domestic oil output almost meeting demand in 2010 to a record shortfall for 2022 when domestic output equated to just 36% of demand (see chart 1). It...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Israel-Egypt Energy Ties Deepen As 2022 Sees Record Gas Flows
...tacks in the Sinai, though growing gas shortages in Egypt were the underlying reason, as well as changing political currents in Egypt following the 2011 ouster of President Mubarak (MEES, 30 April 2012). Sameh Fahmy, the minister who inked the deal with Israel, was thrown in jail post-Revolution, al...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Egypt Gas Output Slumps For Q4, Consumption Down More For 12-Year High LNG Exports
...s the lowest December figure since 2015. Add in the record Q4 imports of 709mn cfd from Israel and Egypt was able to export a bumper 1.62bn cfd of gas for Q4, the highest figure in Jodi data stretching back to the start of 2011. Of this, 1.56bn cfd was exported as LNG and 53mn cfd to Jordan. Fi...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Saudi Efforts To Cut Oil Burn Take Backwards Step In 2022
...e year, crude burn rose sharply in November and December. Crude burn increased by 48,000 b/d month-on-month to a December record of 477,000 b/d, smashing the previous record of 424,000 b/d from 2011 in the process. Meanwhile fuel oil burn dropped by 36,000 b/d for December. Again, this shift to...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Oman Export Revenues Leap 47% To Record $66bn For 2022
...ne 2022. But this proved a temporary blip, with volumes rebounding to 819,000 b/d for September. India took the second highest amount of Omani oil, averaging 85,000 b/d in 2022 – the highest since the record 88,000 b/d set in 2011. However, exports to India fluctuated throughout the year, with In...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
TotalEnergies Charges Ahead To 2022 Mena Oil Output Record
...ain sailing. Key projects in Syria and Yemen have been offline since 2011 and 2015 respectively amid devastating conflicts there. Net gas output last year was barely half the record 1.46bn cfd set in 2011 (see chart 4). But this hasn’t prevented Total from seeking more projects in the region, al...
Volume: 66Issue: 07Published at Fri, 17 Feb 2023 -
Chevron Eying Egypt Tie-In For Cyprus’ Aphrodite
...tober 2020). The US major’s input, expertise and deep pockets could prove to be invaluable if Cyprus’ dreams of developing its first ever discovery, made in 2011, are to be realized. Of course, those dreams don’t all rest on Aphrodite’s shoulders now, with Italian firm Eni and US major ExxonMobil ma...
Volume: 66Issue: 07Published at Fri, 17 Feb 2023