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.
7 Feb, 2025
Featured
Oman Launches Bid Round
Oman has kicked off the year with a bid round offering three onshore exploration blocks under more flexible terms. Offshore blocks are to follow later in the year.
Oman’s Key Upstream Infrastructure
14 Feb, 2025
Top Story
Majors Plan For More Oil & Gas With Less Capex
All of the majors preach the virtues of higher shareholder returns. Most plan to grow upstream output – with BP set to about-turn on a previous commitment to cut. But only one, Exxon, is leaning in to higher oil and gas investment, both upstream and downstream.
Oil Majors Capex: Exxon Leans In To Higher Oil & Gas Spending As Others Pull Back ($bn)
NEWS IN BRIEF
Adnoc Refining Gets Low Carbon Aviation Fuel Boost
14 Feb, 2025
Neom Plans $5bn Net-Zero Data Center
14 Feb, 2025
Qatar: 2.4GW New Power Capacity By 2029
14 Feb, 2025
Oman To Boost UAE Power Grid Link
14 Feb, 2025
IEA: New Era Of Slower, Fragmented Demand Growth?
14 Feb, 2025
Adnoc Drilling: Record Revenues, Profits For 2024
14 Feb, 2025
Adnoc Refining Results Weaken Further
7 Feb, 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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