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
23 Jan, 2026
Featured
KRG Oil Gains Slow
Gulf Keystone expects output at its Shaikan field in Kurdistan to decline slightly this year as it holds off on investment amid ongoing uncertainty.
Shaikan Output Forecast To Decline In 2026 Despite Resumption Of Exports ('000 b/d)
Corporate
23 Jan, 2026
Top Story
Libya Takes ‘Pivotal Step’ With First Deepwater Well
Eni and BP have begun drilling Libya’s first ever deepwater well. The landmark comes as Libya prepares to host a major industry event to show it’s open for business.
Eni/BP Drill Libya’s First Deepwater Exploration Well
NEWS IN BRIEF
Kufpec Acquires Brazil Upstream Stake From Shell
6 Feb, 2026
Kuwait Invests In Eni Biorefinery
6 Feb, 2026
Qatar Keeps Eye Out For Oil At Home And Abroad
6 Feb, 2026
Oman Begins Delayed GCCIA Link Project
6 Feb, 2026
Chevron Signs Up To Syrian Offshore
6 Feb, 2026
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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