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PDO Oil Output Rises To 70% Of Oman’s Total
...chniques (EOR) across its portfolio. Back in 2014, 66% of its oil production came from primary production techniques, but that balance has now flipped, with PDO expecting that 64% of its production this year will rely on water injection and EOR. OTHER OUTPUT SLUMPS PDO has managed to in...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Algeria To Launch New Bid Round In Early-2026 Amid Shale Gas Push
...ploration in the Algerian Sahara in 2014 and 2015, amid environmental concerns, with violent clashes breaking out between protesters and police forces (MEES, 6 March 2015). A 2014 bid round featuring a number of shale-plays failed to garner interest, with no contracts awarded for any of the shale blocks of...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Qatar Targets 380,000 B/D From Al Shaheen
...s contract for the field in 2022, but output has dropped from 7,700 b/d in 2015 to 1,800 b/d in 2023. The only one of these fields on a growth trajectory of late is Al Khalij, which was awarded to TotalEnergies in 2014 (MEES, 20 March 2015). Output dropped from 23,600 b/d that year to just 10...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Saudi Arabia Doubles Deficit Forecast For 2025
...reseeable future, but strong economic growth in recent years means that as a share of GDP, the deficits are expected to be considerably less than over the 2014-2020 period. By way of comparison, this year’s forecast $65.3bn deficit is comparable with 2017’s $63.6bn figure. But while the 2017 deficit was eq...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Algeria Facing Fiscal Vulnerabilities Despite Recovery, IMF Warns
...y risks that include “global trade disruptions, conflicts including in the Middle East, and related commodity price volatility,” among others. 1: ALGERIA’S OIL OUTPUT IS DOWN 300,000 B/D SINCE THE LAST BID ROUND IN 2014, WITH THE FALL ONLY PARTLY DUE TO OPEC+ OUTPUT RESTRICTIONS* (‘00...
Volume: 68Issue: 39Published at Fri, 26 Sep 2025 -
Barrels or Beliefs? The First Net Short in WTI and the Power of Market Narratives
...iqueness of the August 2025 event becomes clearer in historical context. During the 2008 financial crisis, speculative longs collapsed but never shifted into net short territory. In the 2014–2015 price collapse, hedge funds built significant short positions, yet the aggregate positioning in WTI remained ne...
Volume: 68Issue: 36Published at Fri, 05 Sep 2025 -
Neutral Zone Output Steady As Partners Seek Capacity Gains
...4,000 b/d (MEES, 31 January). That was the last full year of production before fields were shut from late-2014 onwards amid disagreements over management between Saudi Arabia and Kuwait (MEES, 24 October 2014). Operations are now in full swing after that prolonged shut-in, with expansion work underway. Mu...
Volume: 68Issue: 34Published at Fri, 22 Aug 2025 -
Apache Egypt Gas Gains Gather Pace, Oil Recovery Proves Elusive
...ached in the first quarter of 2014. “In Egypt, we again exceeded our quarterly gas production guidance, driven by the strong performance of our recent discoveries,” CEO John Christmann told his firm’s 7 August, Q2 earnings call. Significantly for Apache and Egypt, which is desperate for gas, ou...
Volume: 68Issue: 33Published at Fri, 15 Aug 2025 -
Amea Joins $290mn Morocco Desalination Project Amid Controversy
...adir reverse osmosis desalination project in Morocco, the UAE-based firm announced on 1 August, marking its first such project in North Africa. Development of the 275,000 m³/d first phase was awarded in 2014 to Spanish firm Abengoa and came online in 2022 (MEES, 21 November 2014). Abengoa has since be...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Turkey’s ITP Exit Sets Stage For Intensive Talks With Iraq
...ghdad largely emerged as the winner in an arbitration case against Ankara for facilitating independent Kurdish oil exports between 2014 and 2018 (MEES, 31 March 2023). Before the shutdown, the ITP carried up to 400,000 b/d of Kurdish crude and around 70,000 b/d of Federal Kirkuk production to Ceyhan. Th...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Qatar’s NFPS Ensures Legacy LNG Facilities Maintain Capacity
...tar carried out was the Plateau Maintenance Project (PMP) which started up in 2014. It involved brownfield work in the North Field and a revamp to onshore facilities aimed at maintaining the 10mn t/y capacity at its oldest three trains (MEES, 17 October 2014). Like the PMP project over a decade ag...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Drone Attacks Force Shutdown Of Key Kurdistan Oil Fields
...ersee security since ISIS was ousted in 2017. The field fell under ISIS control in 2014, and the security situation in the area remains precarious. SANCTIONS RETALIATION? Iraq’s deal with HKN comes as Baghdad has been trying to convince US companies to invest in the country’s energy se...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
HKN Signs Preliminary Deal For Development Of Federal Field
...supply nearby power plants. That said, oil ministry data seen by MEES put output below 10,000 b/d in early-2024 and an informed source says operations have been undermined by the security situation in the area. The field suffered severe damage after the ISIS takeover in 2014 and Iraqi security fo...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
BP Sets Sights On Expanded Libya Operations With New MoU
...riodically expressed a desire to exploit over the past decade (MEES, 30 May 2014). In 2014, NOC’s then-chairman Mustafa Sanalla spoke optimistically about Libya’s unconventional oil and gas potential. He said that “a lot of homework will be done to evaluate these resources,” but since then NOC has lacked the re...
Volume: 68Issue: 28Published at Fri, 11 Jul 2025 -
Libya Slams Greek Hydrocarbons Tender Amid Maritime Border Dispute
...vereign rights in 2014.” CALL FOR TENDERS On 12 June, the European Union’s official journal published a notice from Greece announcing an international call for tenders for “the exploration and exploitation of hydrocarbons in maritime areas” including Blocks “South of Crete 1” and “South of...
Volume: 68Issue: 26Published at Fri, 27 Jun 2025 -
European Majors And New Entrants Secure Key Algeria Blocks In ‘Successful’ Bid Round
...untry’s influence within Opec+. Algeria produced 1.145mn b/d of crude oil in 2014 (see chart 1), but the subsequent collapse in oil prices led to a reduction in oil sector investment and capacity has dwindled ever since. According to the IEA’s latest medium-term outlook, Oil 2025, production capacity st...
Volume: 68Issue: 25Published at Fri, 20 Jun 2025 -
Trade In The Med: More Hubs, New Ship-to-Ship Zones
...prus’ rise as a regional gasoline blending hub via its 545,000 m3 (3.4mn barrel) VTTV storage facility at Vasiliko. Vitol, which owns 45% of VTTI alongside IFM Investors (45%) and Adnoc (10%), heavily touted VTTV’s potential when it first began operating in 2014 (MEES, 31 October 2014). But it’s taken th...
Volume: 68Issue: 24Published at Fri, 13 Jun 2025 -
Egypt: New Deals Boost Gas Output, Oil Decline Continues
...the fourth quarter to be the highest of the year, and we anticipate exiting the year around 500mn cfd,” he adds. This in turn would be a two-year high if achieved, although still a far cry from the record 921mn cfd posted in 1Q 2014. While welcome news for Egypt, Apache’s gas gains are un...
Volume: 68Issue: 20Published at Fri, 16 May 2025 -
Deadly Clashes Threaten Libya’s Short-Lived Stability
...nister Khalifa Abdelsadiq hailed the relative stability the country has witnessed in the past few years, stressing that Libya was “open for business,” with existing partners like Repsol and OMV, as well as Italy’s Eni, recently resuming drilling in Libya for the first time since 2014 (MEES, 28 Fe...
Volume: 68Issue: 20Published at Fri, 16 May 2025 -
Aramco Steps Up Multi-Billion Dollar Refinery Upgrade Strategy
...erica and Asia, and in late 2014 a clean fuels upgrade program was completed which reduced the sulfur levels in gasoline and diesel by more than 98% to 10 parts per million (MEES, 2 January 2015). Aramco is looking to upgrade its domestic refining fleet as part of broader plans to boost its liquids-to...
Volume: 68Issue: 18Published at Fri, 16 May 2025