Middle East

Bahrain

Bahrain’s upstream sector has been rejuvenated by a major unconventional discovery offshore its west coast. Further appraisal drilling is planned for this year, with results due in early 2019. The kingdom is dependent on neighboring Saudi Arabia for political and economic support, as well as 80% of its oil “production.”

News in Brief

Bahrain Offers Firms 100% Stakes

07 Jun, 2019

Bahrain this week announced a major reform to its oil and gas sector. A new law will enable foreign......

Corporate

Bahrain Seals The Deal With Eni

03 May, 2019

Bahrain’s upstream sector was on its last legs three years ago. It has now signed a firm deal with Eni and preliminary deals with Total and Chevron. ...

Oil & Gas

Bahrain Brings Chevron Aboard Its Unconventional Revolution

05 April, 2019

US major Chevron has signed up to evaluate Bahrain’s potentially game-changing Khalij al-Bahrain unconventional basin.

News in Brief

Bahrain-Saudi Eye Carbon Capture Cooperation

08 February, 2019

Bahrain and Saudi Arabia already cooperate strongly in the oil and gas sector, and the pair are looking to...

Oil & Gas

Bahrain Looks To Parlay Upstream Potential Into Downstream Riches

25 January, 2019

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.

Corporate

Bahrain’s Grand Ambitions: Mees Speaks With Oil Minister Muhammad Al Khalifa

25 January, 2019

Corporate

Eni Completes Middle East Tour De Force

18 January, 2019

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.

News in Brief

Bahrain Set For VAT Roll Out

21 December, 2018

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

News in Brief

Bahrain Wants Eni Assistance

16 November, 2018

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

Economics & Finance

Gulf States Fund Allies

12 October, 2018

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

News in Brief

Saudi-Bahrain Pipeline Completed

12 October, 2018

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

Bahrain Crude & Condensate Output Rises Back Above 200,000 B/D In March Following Abu Safah Outages ('000 B/D)

01 June, 2018

Bahrain Refined Products Exports Fall On The Back Of Lower Saudi Crude Imports (‘000 B/D)

01 June, 2018

GCC LNG Import Capacity (Bn Cfd)

26 January, 2018

News in Brief

Bahrain Unconventionals: Measured Approach

07 September, 2018

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

News in Brief

Bahrain LNG: On Target

10 August, 2018

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

Corporate

Bahrain’s Troubled Banking Sector Set For Turbulent Times

20 July, 2018

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.

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