Bahrain

A key unconventional discovery means light oil exports, gas security and an ethane cracker are all on the cards as Bahrain looks to IOCs to turn plans into reality. Oil Minister Sheikh Muhammad Al Khalifa sets out his vision in an exclusive interview with MEES.

Until recently Iraq’s Zubair was Eni’s only Gulf project. But a whirlwind tour this week saw CEO Claudio Descalzi wrap up stakes in Oman, Bahrain, Sharjah and in Abu Dhabi where it will partner Thailand’s PTT. The Italian firm eyes 35% of its revenue from the Gulf by the mid-2020s.

Bahrain is set to join Saudi Arabia and the UAE in implementing VAT from 1 January. Having delayed implementation...

Italy’s Eni inked an agreement with Bahrain to “study and assess the potential of some exploration and production assets”...

Saudi Arabia, Kuwait and the UAE have pledged a $10bn financial aid package to support Bahrain’s fragile finances and...

Saudi Aramco and Bahrain’s Bapco this week announced the successful commissioning of a pipeline from Aramco’s Abqaiq oil processing...

Bahrain hopes that the discovery of a major unconventional offshore field announced in April will rejuvenate its flagging oil...

Bahrain’s virgin LNG import project is making key progress towards hitting its 1Q 2019 start-up target. Bermuda-registered Teekay LNG, the...

Once seen as the Middle East’s banking center, Bahrain’s financial sector is in terminal decline. Seeking to finance its budget deficits, Manama has increasingly turned to its banks and their credit profiles are now inescapably intertwined.

A cut in crude volumes supplied by neighboring Saudi Arabia means Bahrain’s liquids exports took a Q1 hit, likely trimming export revenue by $300mn.

Long dependent on Saudi largesse, Bahrain has discovered major unconventional oil and gas reserves off its western coast. The GCC’s smallest producer plans further development wells in 2018 as it seeks to emerge as the region’s unlikely shale pioneer.

Kuwait’s 5.4mn t/y (725mn cfd) Golar Igloo floating storage and regasification unit (FSRU) is currently moored offshore Dubai as...