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Libya Slides Into Deeper Disarray
...bya want free and fair elections. But they want it on their own terms. The problem is that if there’s winners then there must be losers. The biggest losers are Libyans themselves who have undergone three civil wars since 2011. While politicians and military figures squabble over power, public se...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Libya Sees Smuggling Surge As Oil Prices Rise
...e illicit trade of products like gasoline and diesel. As international oil prices shoot through the roof, so have reports of attempted fuel smuggling. Some may get caught, but many groups remain seemingly untouchable. Libya’s fragmentation following the fall of Gaddafi in 2011 has led to a state do...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
SDX Eyes Egypt Gulf Of Suez Growth
...e partners to replace the rig that drilled the well, with results expected in the next three to four weeks. SDX’s other Egypt asset is a 55% operator’s stake at the 46mn cfd South Disouq concession in the onshore Nile Delta. The Gulf of Suez had long been Egypt’s key oil heartland but since 2011...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Energean Touts Modest Israel Gas Find, Hopes For More To Come
...ich offer an easier route to development – possibly as a tie-back to Karish alongside the 2011, 0.9tcf Tanin discovery. The latest find “enhances the profitability of the Karish-Tanin development,” Energean says, flagging up the potential for both tie-back to the 8bcm/y (780mn cfd) Energean Power FP...
Volume: 65Issue: 19Published at Fri, 13 May 2022 -
Libya Set To Approve $20bn ‘Paper’ Budget
...ter the overthrow of long-time ruler Muammar Gaddafi in 2011. MEES estimates oil revenues rose to an eight-year high $30bn last year and may well top that this year as oil prices have pushed past $100/B (MEES, 28 January). The Bashagha camp’s latest moves are designed to radiate a sense of or...
Volume: 65Issue: 19Published at Fri, 13 May 2022 -
Majors’ Russia Exit Puts Spotlight On Mena Portfolios
...dergone four straight years of falls, with production down by almost a quarter on 2011’s 4.26mn cfd. Further decline is on the cards for this year with Exxon also losing its 10% stake in Qatargas-1, although this will be partially offset through full operations at Qatar’s 1.4bn cfd Barzan gas project wh...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Energean & Vitol Eye Israel-Cyprus FLNG Tie-Up
...esumably the choice of Cyprus, rather than Israel, as a location for the FLNG is with the aim of securing supplies from one of the three discovered gas fields off the south of the island: Chevron’s 4.1tcf Aphrodite (2011 discovery), Eni’s 6-8tcf Calypso (2018), and US major ExxonMobil’s 2019 5-8tcf Glaucus di...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Saudi Arabia Pledges To Invest Oil Export Windfall In Economic Reforms
...P in the first quarter of the year growing at the fastest pace since 2011. Unsurprisingly, the surge has been driven by resurgent oil markets, as the fallout from Russia’s 24 February invasion of Ukraine has pushed oil prices above $100/B for the first time since 2014. The kingdom launched its Vi...
Volume: 65Issue: 18Published at Fri, 06 May 2022