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BP Signs 5-Well Egypt Deal
...diterranean, where all recent key drillings have taken place. While the rapid decline at WND, which started up in 2017 with the Phase 1 Libra and Taurus fields, will be a sore disappointment for BP, it now provides an opportunity to tie-in nearby finds, given that the development has infrastructure ca...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Israel Crosses More Red Lines With Doha Airstrike
...E President’s visit to Doha was especially notable. Not just because the UAE was a key player in the 2017-2021 Qatar embargo (MEES, 8 January 2021), but because it is the most prominent signatory of the Abraham Accords with Israel. Next week marks the fifth anniversary of the Abraham Ac...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Europe Probes Second Cyprus-Linked EU-Funded Energy Project
...ate relies on burning fuel oil for power; oil burn accounted for 75% of its power generation last year, with renewables contributing 25%. Cyprus opposition party Akel’s Stefanos Stefanou told lawmakers earlier this month that Cyprus has racked up a €1.3bn ($1.5bn) bill to the EU since 2017 fo...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Oman’s OQEP Eyes New Gas Discovery In Upstream Reshuffle
...scovered in 2017 OQEP has expanded crude processing capacity with three processing plants commissioned in August 2019, September 2021, and November 2022. EXITING UNDERPERFORMING BLOCKS OQ and its partner Shell exited Block 42 after the exploration and production sharing agreement expired in...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Eni & BP Set To Kick Off Libya Exploration Drilling Campaign
...tput in Libya has been falling. Mellitah sales gas output of 860mn cfd for 2023 is little more than half 2017’s peak figure of 1.59bn cfd, whilst Eni’s net figures are down even more (see chart). At the same time exports to Italy via the Eni-operated Greenstream pipeline (Libya’s sole gas export ou...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Kuwait Hopes To Revive Stalled Petchems On Back Of Refinery Upgrade
...$9.7bn (MEES, 26 May 2023). The UK’s Amec Foster Wheeler was awarded a $34mn Feed contract for Olefins-3 and Aromatics-2 back in 2017 (MEES, 19 May 2017). However, the lack of foreign investor interest means a final investment decision has yet to be taken. The firm remains hopeful that it can se...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Oman’s Sohar Strengthens Gasoline Trading Hub Role
...dn’t impact trade of the fuel. Oman has been a net gasoline exporter since 2018 after upgrading and expanding its 197,000 b/d Sohar refinery the previous year (MEES, 17 February 2017), and both imports and exports have set new records each year since, with net exports steady at around 30,000 b/d on an an...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
Cairo Plans Bumper Winter LNG Imports But Power Cuts May Return
...RU, saw imports of 505,000 tons, the highest monthly figure since 2017. Presuming that the full 20 cargoes unload by the end of September this implies total Q3 import volumes of 1.4mn tons, the highest figure since 3Q 2017 (see chart 1). GAS OUTPUT: FROM BAD TO WORSE Egypt’s ga...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
Indian Oil Signs Up To Ruwais LNG
...w Delhi by Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, where he met Indian Prime Minister Narendra Modi. During the visit, Adnoc also signed a strategic framework agreement with Indian Strategic Petroleum Reserve Limited to extend its existing oil storage agreement. In 2017, Adnoc signed an...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
Oman Awards Northern Tight Gas Play In Bid Round
...2017 with cumulative output of 44,000 barrels on extended test, but which quietly abandoned the asset before last year’s bid round. The ministry says that in total four exploration wells and one appraisal well were drilled on the block between 1993 and 2017. Two formations indicated the pr...
Volume: 67Issue: 36Published at Fri, 06 Sep 2024 -
Qatar Signs 10-Year Naphtha Deal With Marubeni
...wnstream investments leading to the inauguration of Qatar’s first three export trains in 1996 (MEES, 28 July 2017). However, the contract for Qatargas 1 expired in January 2022, with Marubeni losing its stakes in the project. More recently Marubeni has invested in regional renewable energy projects. Th...
Volume: 66Issue: 39Published at Fri, 29 Sep 2023 -
Egypt Independent Cheiron Eyes Regional & Local Expansion
...CUS Cheiron’s local expansion beyond the Gulf of Suez legacy area started in 2017 with the purchase of a 50% (later increased to 80%) share in the Western Desert’s North Bahariya concession and the purchase of French firm Engie’s West El Burullus project in the shallow waters of the Mediterranean, no...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Oman Gas Networks: Expansion In The Pipeline
...derway or planned projects to expand the capacity of pipelines to meet existing and upcoming gas-fed projects along the sultanate’s coast. Oman’s gas sector took off in 2017 with the startup of the BP-operated Khazzan tight gas field, with the second phase Ghazeer development boosting capacity to 2bn cf...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Shell Spuds Key Mauritania Wildcat
...scovery, the Chinguetti field which produced from 2006 to 2017. Shell entered Mauritania when it signed up for the C10 permit in 2018 (MEES, 27 July 2018), and in February signed up for a second permit, C2. QatarEnergy farmed in for a 40% stake in March (MEES, 7 April), whilst state firm SMH retains it...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Germany’s Covestro Confirms Adnoc Takeover Talks
...quisitions. In 2017 it launched an aggressive $109bn downstream investment strategy, within which it set a target of more than tripling petrochemicals capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). While Adnoc has not outlined any new target figure, it is clear that the firm is pushing to go far be...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Oman’s OQ In $1.4bn Upstream Sell-Off
...en highly active at Block 60 in recent years. Output increased by 12,000 b/d year-on-year to a record 61,000 b/d for 1H 2023. The gains were driven by the Bisat oil field which was first discovered in 2017 and now has production capacity of 60,000 b/d (MEES, 27 January). Conversely, gas was down from 35...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Eni Spuds Key Morocco Wildcat
...ast (see map). MOROCCO GAS EXPLORATION & INFRASTRUCTURE Though the well, spudded by the Topaz Driller jackup in 100ms water depth, is the first since the block was awarded to Eni in 2017, both Portugal’s Galp and UK independent Cairn drilled nearby wells la...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Sonatrach Cuts Flaring As New Processing Plant Starts Up
...ripheral fields is perhaps 300,000 b/d. Plans to bolster output have taken two forms: the tie-in of peripheral fields, and increased use of advanced recovery. HGA ticks both boxes. The plant, delivered by India’s Dodsal under a $1.08bn 2017 EPC contract, processes output from several satellite fi...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Iran’s Oil Exports At Post-Sanctions Record
...NDENSATE. ^SEIZED CARGOS. ^^MOSTLY TO CHINA SINCE 2018. SOURCE: KPLER (2017-18), UANI (2019>), MEES. Unlike in the pre-sanctions era, Iran is overwhelmingly reliant on China for its exports, to the tune of 85% in volume terms for 8M 2023 and likely substantially more in revenue terms given that ca...
Volume: 66Issue: 36Published at Fri, 08 Sep 2023 -
RAK Strikes Gas At Block 5
...ocessed volumes from Saleh. Khor Khwair has also previously processed gas from Oman’s nearby Bukha and West Bukha fields, until the sultanate commissioned its Musandam gas processing plant in 2017. Khor Khwair has also processed volumes from the nearby Umm al-Quwain gas field, where Norwell Engineering la...
Volume: 66Issue: 36Published at Fri, 08 Sep 2023