Issue 11

Oil & Gas

• Exxon Eyes More Cyprus Wells, Israel Entry?
• Egypt Close To Tapping Aphrodite
• Egypt Launches Red Sea Bidding
• Egypt: ‘Steep Decline’ At BP’s Key WND Gas Project
• Shell Boosts Egypt Gas Output, Retains LNG Force Majeure
• Eni Strikes Gas At Nour
• Algeria: Key Ain Tsila Gas Project Advances With Petrofac Awarded $1bn EPC Contract
• QP Expands Eni Partnership With Morocco, Mozambique Deals
• KRG-Focused Firms Continue Production Push
• Kuwait: IEA Pessimistic

Corporate

• US Shale: Major Growth Planned, Indies Crimp Spending

OPEC

• OPEC Faces Prospect Of Declining Global Clout

Refining & Petrochemicals

• Crackers In The Gulf: GCC Refiners Advance Mixed-Feed Projects

Power & Water

• Saudi Arabia’s Oil-Fired Power Conundrum
• Oman Looks To Privatization To Modernize Power Grid

Geopolitical Risk

• Lebanon Power Overhaul Gathers Pace

Economics & Finance

• Iran Sales At 4-Month High On Bumper Korean Buying; April Set For Dip

News In Brief

• Bouteflika Vows Exit, Algerians Unconvinced
• Sabic Merging Petrokemya & Sadaf Units
• Tunisia Awards 60mw Solar Projects
• Opec, IEA Revise Demand Growth Expectations Down

Selected Data

• Crude Official Selling Prices ($/B): Iran Cuts Key Asia Grades To Record Discount Vs Competing Saudi Grades For April
• US Key Oil Data (‘000 B/D): Crude Output Up A Record 1.6mn B/D In 2018, Over 2mn B/D With NGLS
• Benchmark Crude Prices ($/B)
• US Output & Exports Hit Records In 2018, More To Come