- Sort by:
- Score
- Published ▼
-
IOCs Bullish On Libyan Outlook As Security Situation Improves
...ergy Services Reunited (NESR), which has provided oilfield services in the Middle East and Asia Pacific regions since 2017, and SLB which is partnering with Arkenu. “North Africa remains a key growth pillar, led by a surge of activity in Libya,” NESR CEO Sherif Foda said in his firm’s Q4 earnings ca...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
TotalEnergies MENA Portfolio: Building On Growth
...rgest IOC in the region in 2017 (MEES, 23 March 2018) and has consolidated its position in the years since. If anything, TotalEnergies is more committed than ever to this plan going forward; “I have one dream, which is to put TotalEnergies in each country of the Middle East,” CEO Patrick Pouyanné told th...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Oxy: UAE Gas Boosts ‘International’ Prospects
...osted the firm’s global output by 4% and that of gas by 12%, in both cases the highest level since 2020. The firm has slimmed down its international portfolio, ditching positions in Bahrain, Yemen and Libya (MEES, 12 August 2016 & MEES, 10 February 2017) and focusing its slimmed-down international fo...
Volume: 68Issue: 09Published at Fri, 28 Feb 2025 -
QatarEnergy Signs Long-Term LNG Deal With Price-Sensitive Bangladesh
...ne 2017). Then in 2021, Qatar signed a deal with trading firm Vitol to supply 1.25mn t/y of LNG to Bangladesh until 2028. This was followed in June 2023 with another QatarEnergy-Petrobangla deal, this time for 1.8mn t/y for 15 years from 2026 (MEES, 2 June 2023). With the new deal’s full 1mn t/y ki...
Volume: 67Issue: 05Published at Fri, 02 Feb 2024 -
Egypt’s Upstream Independents Feel The Pinch Of Local Dollar Shortages
...aros saw its receivables position rise 54% to end 2023 at $37.3mn. Pharos’ Egypt output comes from 45% stakes in the El Fayum and North Beni Suef (NBS) concessions south of Cairo operated by privately-held Texas-based IPR. Here output fell 21% to 3,070 b/d for 2023, less than half of 2017’s 7,...
Volume: 67Issue: 05Published at Fri, 02 Feb 2024 -
Adnoc Gas Poised For $50bn Valuation
...sted back in 2017 (MEES, 16 February 2018). Assuming that Adnoc achieves the high end of its valuation, this will be the second IPO carried out by the group to raise $2bn in less than a year. In May, the flotation of a 10% stake in the Borouge petrochemicals firm raised $2bn, becoming the largest IPO in...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
OMV’s Upstream Focus Drifts East
...only began producing there in the second half of 2018 when the Sarb & Umm Lulu concession began production. But the firm’s links to the UAE are deep and go back much further than this. Abu Dhabi state investor Mubadala took compatriot’s IPIC 24.9% stake in OMV after the two funds merged in 2017 – IP...
Volume: 66Issue: 06Published at Fri, 10 Feb 2023 -
Exxon Eyes 25% 2022 Permian Growth
...ficiencies and driving technology applications… has worked very, very well, and we’re seeing the results of that.” This references a strategy first set out in 2017 (MEES, 17 February 2017) and expanded upon two years later (MEES, 15 March 2019). Exxon also stuck to its guns and doubled down on the Pe...
Volume: 65Issue: 05Published at Fri, 04 Feb 2022 -
KRG: DNO Buys Out Exxon At Baeshiqa, Eyes Development
...rformance in recent years – growing year-on-year output since 2018 – the gains have all been from expansion at existing fields. Until Chevron brought the 20,000 b/d Sarta field online in late 2020 (MEES, 22 January), there had been no greenfield startups since 2017’s Peshkabir and Atrush. But good news th...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Repsol Mena Pullback
...ggane development in Algeria’s remote southwest was one of Repsol’s key development projects for 15 years between initial 2002 drilling and eventual start-up in late 2017 (MEES, 22 December 2017). And for this, Algeria’s tight financial terms meant the project netted Repsol just 8,200 boe/d (around 46mn cf...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Shell Egypt: Mixed Signals
...ssible sale of its Egypt portfolio. WDDM: DEEP SLUMP, MODEST REBOUND WDDM output bottomed out at 151mn cfd in 2017 following years of under-investment, increasing to 223mn cfd in 2018, although still a far cry from the roughly 800mn cfd it was producing at the start of last decade. The fields ar...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Dana Eyes Egypt Cash For Bond Repayment
...tions, but these are all in early stages,” the firm says, adding that its end-2019 cash reserves of $425mn are in excess of the $397mn owed. Dana was engaged in a protracted legal dispute with its bondholders over its previous $700mn Sukuk in 2017, though its creditors ultimately accepted the re...
Volume: 63Issue: 07Published at Fri, 14 Feb 2020 -
Oman Looks To Bag More IOCs In Latest Licensing Round
...d round saw the likes of Occidental (Oxy) expand its portfolio in the sultanate (MEES, 9 November 2018) whilst the 2017 bid round brought Italy’s Eni and Qatar Petroleum into the fold (MEES, 15 September 2017). Oman’s Oil Minister Muhammad al-Rumhy told MEES last year that bringing bigger, more pr...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Occidental Launches Renewed Mid-East Push, Targets 2021 Volumes
...e east of Block 62 with a small gap between them. There is then a continuous arc from Block 62 to Block 9, with blocks 27, 30 and 65 lying between them. Block 27 output is modest at around 5,000 b/d while the other two are recently acquired exploration blocks. Block 30 was awarded in 2017 under Om...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Tethys Oman On The Up
...ocks. On a gross basis, that equates to 40,000-43,333 b/d. The current annual record is 2017’s 40,541 b/d which was also set in the first year of Opec+ production cuts. A new record for 2019 would at least fit a pattern. Tethys is not quite a pure-play Oman firm, with its Lithuanian assets ne...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Qatar Seizes Golden Opportunity For US Cooperation
...rst investment in the United States, and is certainly not going to be our last. It represents a significant part of the plans that Qatar Petroleum announced to invest $20bn in the US energy sector.” Mr Kaabi had told MEES in December 2017 that “we are working on buying upstream assets and reserves in...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Majors Take Integrated Approach To US Shale Boom, Gulf NOCs Join The Ride
...th deepwater Guyana and Brazil, the Permian forms the centerpiece of the major’s investment plans. Exxon only went big on the Permian with the $6.6bn purchase of key acreage in early 2017. But its Permian output rose 93% year-on-year to 300,000 boe/d (of which around 80% is liquids) for Q4 2018 with th...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Adnoc Brings Eni, OMV Into Refining Arm Ahead Of Expansion
...e remaining 85,000 b/d is at the Abu Dhabi refinery. Products output in 2017 was 725,000 b/d, of which 512,000 b/d (70%) was exported. Abu Dhabi plans to boost refining capacity by 60% to around 1.5mn b/d by 2025 under its $45bn strategy to turn Ruwais into “the world’s largest integrated re...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
DNO Balances Kurdistan Investment With Norway Exploration
...ccess stories have emerged from Iraqi Kurdistan in recent months. Kurdish private firm KAR (and by extension, the KRG) lost 280,000 b/d of output when Iraqi forces retook Kirkuk last October (MEES, 20 October 2017). Taq Taq field (operated by Anglo-Turkish firm Genel), which produced 130,000 b/d in 2Q 20...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
Eni Cyprus Discovery: ‘Good-Good-Good, Or Just Good’?
...ck to Zohr 80km to the southeast (see map, MEES 16 February). Zohr, the Mediterranean’s largest ever gas find, started up in December 2017; current output is 400mn cfd. Phase-2, slated to raise output to 2.9bn cfd next year, is intentionally being developed with sufficient spare capacity to allow th...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018