Oil & Gas

Just a few days of rough weather have knocked 300,000 b/d from Libya’s crude output. Scant storage capacity means port closures rapidly transmit upstream.

Qatar’s decision to quit has seismic ramifications for Opec’s future. The move shatters claims the group can overcome the often-fractious politics between its members.

Algeria cut its 2018 trade deficit to $5bn with an oil products deal. With output down, exports down, and oil prices falling, this may be as good as it gets.

Israel’s state electric company, IEC, has launched a request for proposals for “an estimated” 2bcm/y of gas from the...

Saudi has grand plans to spend $150bn to make gas shortages history. It even aims to become an exporter. It will likely have to snag overseas assets to achieve this.

Germany's Wintershall has snagged a 10% stake in Abu Dhabi's 1.6bn cfd Ghasha sour gas concession. Eni has 25% and Adnoc 60%; 5% remains up for grabs.

Libya’s modest drilling renaissance is starting to bear fruit. NOC's subsidiary Agoco is already producing from two recent wells, with Waha plotting gas riches.

Saudi crude exports to China are running at record levels. But, though they may rise further next year, Russia is unlikely to be usurped as No.1 in the Middle Kingdom.

Chinese state giant CNPC has assumed Total’s 50.1% stake at Iran’s South Pars Phase 11 project according to Iranian...

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Pipeline constraints in Israel’s natural gas network have the partners in a deal to sell Israeli gas to Egypt scrambling for a solution. MEES learns further pipeline issues lie in wait for them if that initial hurdle is eventually overcome.

Egyptian state oil firm EGPC and the Israel Electricity Company (IEC) have agreed to settle a long-running dispute over...