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.
8 Nov, 2024
Featured
Aramco Boosts Q3 Finances
Aramco is investing for growth even as lower oil prices take their toll on its balance sheet. Will annual dividend distributions of $124bn prove sustainable?
Aramco Capex On Course For 2024 Record ($bn)
15 Nov, 2024
Top Story
QatarEnergy: Egypt Expansion, Setbacks Elsewhere
Qatar’s state energy giant has farmed into a seventh Egypt exploration block. Wildcat drilling is already underway on North El Dabaa, with the adjoining block where Qatar partners Exxon set to follow suit next month. But expansion of its LNG empire to the US is delayed, whilst Qatar’s most exciting upstream province offshore southern Africa has suffered a setback.
QatarEnergy Key East Mediterranean Assets
NEWS IN BRIEF
Adnoc Gas To Take Ruwais LNG Stake
15 Nov, 2024
Kurdistan Oil Proposal On Hold
15 Nov, 2024
Iran: South Pars Boost
15 Nov, 2024
Chevron Set For More Egypt Blocks
15 Nov, 2024
China: More Bearish Oil Stats
15 Nov, 2024
Saudi 600MW Solar: Commercial Ops
15 Nov, 2024
KRG’s Khor Mor Gas: 2-Year Expansion Delay
15 Nov, 2024
Saudi $8.1bn Q3 Budget Deficit
8 Nov, 2024
SELECTED DATA
Gazprom's Libya Assets* Have Been Punching Well Below Their Weight In Recent Years
Adnoc Increases* Planned Murban Exports From August Onwards (mn b/d)
Algeria’s BP & Equinor-Led In Amenas And In Salah Gas Projects Saw Their Combined Output Hit A Near Two Year High In 1Q21 (mn cfd)
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