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Israel’s Leviathan: Chevron Advances Plans To Near-Double Capacity To 23 Bcm/y
...al that saw Leviathan development kickstarted (MEES, 8 December 2017). Beyond Chevron, London-listed Greek firm Energean is the only other operator in Israeli waters. Its 600mn cfd Karish is banned from exporting and Energean was able to secure a foothold in the domestic market by under-cutting Ta...
Volume: 68Issue: 09Published at Fri, 28 Feb 2025 -
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 -
Cairo Aims To Arrest Gas Output Decline But 2025 Gains Look Unlikely
...cember, there was no sign of a turnaround, with production of 4.421bn cfd the lowest since early 2017. This takes output back to levels last seen before the March 2017 start-up of BP’s $9bn West Nile Delta project. As with many projects offshore Egypt, WND saw rapid decline with the ‘WND Phase 3’ Ra...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Egypt’s Output Collapse: Gas Down 16% To Below 5bn Cfd For 2024, Oil At 45-Year Low
...nce the start up of WND in early 2017, whilst December’s Med figure of 3.169bn cfd was the lowest since Zohr began to ramp up output the following year. *BP’s Raven field, which accounts for almost all of current WND output, is also the country’s largest condensate producer. As such, sl...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Egypt Gas Demand Edges Up As Record Israel Supplies Make Up For Output Slump
...4,000 b/d in August before easing to end the year at 63,000 b/d for December (see chart 4). On an annual basis, 2024’s fuel oil consumption of 116,000 b/d was level with 2022 as the highest since 2017. *Whilst fuel oil provided a short-term fix, longer term Cairo sees expanding renewables capacity as...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Egypt: BP Plans Fast-Track El King Development
...2002 by US firm Apache, a BP spokesperson tells MEES. Whilst Apache subsequently walked away, the prospects of commercial development have since been boosted by BP’s nearby West Nile Delta (WND) development, which started up in 2017. The nearest infrastructure at the Giza field is just 20km ea...
Volume: 68Issue: 07Published at Fri, 14 Feb 2025 -
Cheiron Taps Funds For 100mn cfd Egypt Development
...th first gas potentially as early as June, although slippage to H2 is possible, a source at Egypt’s oil ministry says. Engie (formerly Gaz de France), which discovered the field in 2008 (MEES, 9 June 2008), went as far as filing a development plan before selling up to Cheiron in 2017. Ch...
Volume: 68Issue: 07Published at Fri, 14 Feb 2025 -
Qatar Records Fourth Consecutive Budget Surplus For 2024
...20 AND THE LARGEST SINCE 2017 ($BN) *APRIL-MARCH FINANCIAL YEAR UNTIL 2016. SOURCE: MOF, MEES. 2: STATE SPENDING ON PUBLIC SECTOR SALARIES IN QATAR SURPASSED CAPEX FOR THE FIRST TIME IN 2024 ($BN) Graph *APRIL-MARCH FINANCIAL YEAR UNTIL 2016. SOURCE: MOF, MEES....
Volume: 68Issue: 06Published at Fri, 07 Feb 2025