Corporate
MENA has the world's largest upstream reserves. But tough terms and, in some countries, an outright ban on foreign operators, means it is often a difficult hunting ground for international oil firms. Total sees the advantage in low-cost barrels in Abu Dhabi, and underpriced (it reckons) Libya assets. Chinese and Russian firms are also expanding. But many US firms are pulling back, eyeing better returns in domestic shale.
21 Mar, 2025
Featured
BP Mena Oil Output Rises
BP’s oil output from the Mena region rose to a six-year high last year. The firm sees the region as central to its renewed plans to grow hydrocarbon output.
Abu Dhabi And Its Giant Onshore Concession Dominate BP’s Net Mena Oil* Output (‘000 b/d)
21 Mar, 2025
Top Story
Socar Eyes Israel Expansion Following Official Entry Alongside BP
Azerbaijan’s state energy firm Socar sent its most senior executives to Israel for the signing of new exploration acreage this week. Socar is already eying more Israeli acreage, while Tel Aviv is bullish that the firm will discover oil offshore.
Israel’s New Offshore Gas Awards
NEWS IN BRIEF
BP Finalizes Kirkuk Entry
28 Mar, 2025
XRG: Mozambique LNG Entry
28 Mar, 2025
UAE: $1.4trn US Investment Pledge
28 Mar, 2025
Bahrain Oil Output: New Low
28 Mar, 2025
Genel Eyes Further Oman Growth
28 Mar, 2025
Oman: $7bn Products Exports
28 Mar, 2025
Qatar: Solar Generation Steady
28 Mar, 2025
Egypt Signs Up Siemens For 500MW Gulf Of Suez Wind
21 Mar, 2025
SELECTED DATA
PTTEP’s Algeria Output Is Set To More Than Double, With Gas Becoming Dominant, With Purchase Of Touat Stake (‘000 b/d & boe/d^)
Egypt’s Zohr Gas Field: Output Has Dropped To 1.6bn cfd Ahead Of Development Drilling That Aims To Add 220mn cfd By Mid-2025 (bn cfd)
Turkmenistan Gas Exports: Heavily Reliant On China (bcm)
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