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.

Corporate

20 Jun, 2025

Featured

XRG Looks To Santos LNG

Adnoc’s XRG is leading a multi-billion-dollar bid for Australian LNG player Santos. Will Australia’s regulators permit takeover by a foreign state-owned firm?
Santos To Boost Gas-Focused Projects Above 300,000 boe/d by 2030 (‘000 boe/d)
Corporate

27 Jun, 2025

Top Story

Acwa Power Raising Capital For 2030 Growth Strategy

Saudi Arabia’s flagship power firm Acwa Power is raising capital through a $1.9bn rights issue as its 2030 strategy hits the two-year milestone.
Acwa Power’s Revenues, Profits On A Steady Upwards March
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NEWS IN BRIEF

Israel’s Bazan Refinery Partially Restarts

4 Jul, 2025

Work Starts At Oman’s First Green H2 Site

4 Jul, 2025

Shell Appoints New Oman Head

4 Jul, 2025

Iran Suspends IAEA Cooperation

4 Jul, 2025

Adnoc Targets 1.5Mn B/D at Upper Zakum

4 Jul, 2025

Acwa Power Shareholders Approve Rights Issue Pricing

4 Jul, 2025

Kuwait Increases Refining Capacity at Mina Abdullah

4 Jul, 2025

Kuwait Firms Up Offshore Exploration Plans

4 Jul, 2025

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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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