Oil & Gas

Cairo has launched a bid round for ten little-explored Red Sea blocks. The launch comes just days after Saudi Arabia announced plans to step up Red Sea exploration.

Phase-1 output at BP’s key development offshore Egypt has seen ‘steeper than anticipated decline’ with 2018 output just 380mn cfd versus the planned 600mn cfd.

Anglo-Dutch major Shell’s Egyptian net gas output hit a four-year high 407.5mn cfd in 2018, up 21% from 2017’s...

Algeria has advanced one of the few major projects in the pipeline with $1bn EPC award but Bouteflika’s retirement is unlikely to quell protests.

Italian firm Eni announced on 14 March it has discovered gas at the Nour exploration prospect on the North...

Iraqi Kurdistan’s myriad of small firms are the back-bone of its oil sector and they are planning ambitious developments...

The IEA’s ‘Oil 2019’ medium term outlook to 2024 provides galling reading for Kuwait. The emirate’s oil sector is...

Qatar Petroleum’s transformative international expansion gathered further momentum this week with two Eni deals. This follows recent exploration successes in Cyprus and South Africa. The next big question is when will these efforts generate output?

While the long-delayed Nawara project will give a much-needed boost to Tunisia's gas output from late-2019, Tunisia will still be reliant on Algeria for over half its demand.

Iran's continued ramp-up of South Pars gas output, though delayed, is impressive given sanctions. A banking shake-up suggests a power struggle.

Libya’s crude output this week pushed past 1mn b/d for the first time in three months with the 7 March restart of the 315,000 b/d Sharara field.

Egypt hopes the award of five large Western Desert blocks will boost output in its oil heartland from the current 360,000 b/d. Shell’s recommitment to exploration promises future gains from deep formations. But near-term output will fall as key producer Apache slashes 2019 investment.