Oil & Gas
Key MENA countries rely on oil & gas for well over 50% of their revenue. For Iraq and Algeria, hydrocarbons provide over 90% of their export earnings. Whilst Saudi Arabia has a (so far largely rhetorical) National Transformation Plan, other countries have barely begun to consider how to adapt to the looming 'energy transition'.
11 Apr, 2025
Featured
Cyprus: Electra Flop
Exxon’s much-hyped Electra well offshore Cyprus has flopped, dealing a major blow to Nicosia’s gas dreams. Attention now turns to Eni’s Cronos.
Cyprus Key Blocks & Gas Discoveries
11 Apr, 2025
Top Story
Libya ‘Open For Business’ As Bid Round Eyes Global Majors
Libya is heavily promoting its first upstream licensing round in nearly two decades in a bid to ‘rescue’ its oil and gas sector. Officials held discussions with industry heavyweights during this week’s London roadshow, next up Istanbul.
Output For Libya’s Key Production Companies Fell For 2024 On Lengthy Shut-Ins But Ongoing Drilling Saw A Rebound To Almost 1.4mn b/d For 1Q 2025 (‘000 b/d)
NEWS IN BRIEF
US-Iran Prepare For Muscat Talks
11 Apr, 2025
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
Libya Crude Output (‘000 B/D): December’s 1.35mn b/d Was The Highest Monthly Figure Since Early 2013
Kuwait Heavy Crude Oil Production Has Posted Steady Gains (‘000 b/d)
Algeria’s Gas Exports Fell By 6.6% To 48.7bcm For 2024 With Both LNG And Key Pipeline Customer Italy Well Down (bcm)
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