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Israel’s Finance Ministry Seeks Chevron Tamar Ouster
...nin to Energean (MEES, 8 December 2017). Sources within the Tamar partnership believe the dispute will eventually be “resolved amicably” although it could drag out and could potentially impact Chevron’s decision to further invest in Israel. ISRAEL GAS EXPORTS (MN CFD): EGYPT TOOK 78% OF THE 20...
Volume: 68Issue: 13Published at Fri, 28 Mar 2025 -
Egypt Gas & Oil Output Continues Decline In 2025
...w output (MEES, 7 March). *Decline from the country’s number three gas province, the onshore Nile Delta, has been severe, falling to just 332mn cfd for January, the lowest since mid-2014 and a far cry from the record 1.378bn cfd posted in August 2017. A key producer here is UAE firm Dana Ga...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
BP Seeks To Build On Historic Middle East Foundations In ‘Return To Upstream’ Strategy
...ream. BP returned to the remodeled concession in December 2016, after the original concession agreement expired in 2014, and the current agreement runs until end-2054. Return to Adco lifted BP’s net Abu Dhabi output to a record 257,000 b/d in 2017, but after the offshore Adma concession expired at the en...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
Kuwait Seeks Chinese Help With Solar Expansion
...untry’s power generation , just 0.16TWh for 2024 (see chart 1). The park’s current facilities were commissioned in stages from 2017 to 2019 to serve as a test bed for deploying renewable energy technologies in Kuwait, with the government planning to expand Shagaya to 4.5GW through multiple phases (MEES, 28...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
Oman State Upstream Firm Targets 2025 Growth Via Acquisitions & Upgrades
...sat oil field in 2017 and its ramp up through the construction of the Bisat A, B, and C crude processing facilities. OQEP is now expanding the Bisat C facility to take overall crude processing capacity from 60,000 b/d to 65,000 b/d with the expanded capacity to be ”commissioned in Q3 2025.” Last ye...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt Eyes Takers For Undeveloped Offshore Gas Finds
...e UK major in November 2022. It was followed up in 2017 with the Salamat West discovery, which also lies in the on-offer block. Salamat, like Satis, is an Oligocene discovery, and drilled to a total depth of 6,881ms in water depth of 650ms. EUG pegs the Salamat block’s gas in place at 3....
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Iran Signs Local Firms For $17bn, 90tcf South Pars Gas Recovery Boost
...at rapid development of Qatar’s portion of the field could result in migration of gas across the boundary. Qatar previously maintained a 12-year moratorium on further expansion of the field which only ended in 2017 following extensive reservoir studies to determine the optimal development rate. Mr...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Oman Taps BP’s Giant Khazzan Gas Field For LNG Boost
...fining change: the discovery and development of the massive Khazzan unconventional gas field on Block 61 in the center of the country. Back in 2017, BP brought the 1bn cfd Khazzan first phase online, followed by a further 500mn cfd under the second phase Ghazeer expansion in 2020. Capacity has been at...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Egypt: Apache Eyes Gas Gains As Eni Output Slumps
...an half the 3Q 2015 peak of 1.412bn cfd. As such national gas output is back at levels last seen before the 2017 start-up of Eni’s giant Zohr offshore field. ENI: ZOHR SLUMP And falling output at Zohr itself is a key part of the reason. Production has fallen to less than ha...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Aramco Approaches Finishing Line For Offshore Crude Increments
...AVY Aramco says that it ended 2024 with 189.8bn barrels of proved crude and condensate reserves, down from 191.3bn barrels last year and 204.8bn barrels in 2017 – the highest figure on record. The firm is hopeful that it will be able to tap into more of its reserve base from now on, with Saudi Ar...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Saudi Arabia Eyes ‘Competitive Advantage’ From Gas Output Growth
...unconventional gas globally. The move across to the Middle East has been slow to occur, but is now picking up pace. Oman was the pioneer, with the BP-led Khazzan tight gas project starting up in 2017, and Muscat is now looking to increase output from the development above current levels of 1.5bn cf...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Nuclear, Renewables Drive Abu Dhabi’s Gas-For-Power Demand To Fresh Lows
...u Dhabi and Fujairah increased by 6% last year to a record 108.5TWh. The continued growth in clean-power generation means that Ewec’s gas consumption fell for the seventh consecutive year to 1.67bn cfd, the lowest figure since 2011 (see chart 2). Ewec’s gas consumption is now down 680mn cfd from its 2017...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
BP Egypt Gas Boost
...tput had slumped to just 400mn cfd late last year, the lowest level since 2017 start-up with almost all current output from the ‘Phase 3’ Raven field. However the start-up last month of two Raven infill wells – the first two wells of the just-completed campaign – should have hiked output to around 60...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025