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.
Corporate
11 Apr, 2025
Featured
Eni Revises Up Zohr Reserves
Zohr’s original 1P reserves remain below 10tcf despite an incremental upward revision by operator Eni. Development drilling has begun to halt output declines.
Zohr End-2024 P1 Reserves Upgraded By 0.13tcf (tcf)
Corporate
11 Apr, 2025
Top Story
Adnoc Drilling Eyes New Joint Ventures For Overseas Expansion
As part of its ambitious growth strategy, Adnoc Drilling is considering teaming up with new partners when entering neighboring markets.
Abu Dhabi Exploration Blocks
NEWS IN BRIEF
US-Iran Prepare For Muscat Talks
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Egypt, France $7.7bn Green H2 Deal
11 Apr, 2025
Iran: New Year Gasoline Record
11 Apr, 2025
Crescent To Drill Iraq Wells
11 Apr, 2025
Baghdad Calls For More KRG Talks
11 Apr, 2025
Oman’s Block 47 Exploration Drive
11 Apr, 2025
Libya’s To Drill Offshore Gas Wells
11 Apr, 2025
Amspec Suspended From Fujairah
11 Apr, 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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