Oil & Gas
Key MENA countries rely on oil & gas for well over 50% of their revenue. For Iraq and Algeria, hydrocarbons provide over 90% of their export earnings. Whilst Saudi Arabia has a (so far largely rhetorical) National Transformation Plan, other countries have barely begun to consider how to adapt to the looming 'energy transition'.
2 Dec, 2022
Featured
Adnoc Steps Up Investment
Adnoc has brought forward its 5mn b/d crude target from 2030 to 2027 and is hiking investment to achieve it with a gas IPO eyed to raise more cash.
Adnoc Planned Annual Capex ($bn)
2 Dec, 2022
Top Story
BP Leads Egypt Offshore Investment Surge
BP is to drill next year on acreage that will bolster output at its West Nile Delta project. It is also joining habitual Egypt partner Eni in deepwater exploration. A surge in offshore gas investment stands in contrast to the onshore where low fixed prices have seen drilling and output slump.
Key BP & Eni Offshore Egypt Acreage & Drilling Activity
NEWS IN BRIEF
Saudi Unconventional Gas Finds
2 Dec, 2022
Aramco Finalizes PKN Orlen Deal
2 Dec, 2022
Italy’s Eni To Buy Neptune Energy?
2 Dec, 2022
Tehran Plans Greater Iraq Energy Presence
2 Dec, 2022
Kuwait Budget Revised Up
2 Dec, 2022
Iraq Oil Boost As Cnooc Hikes Missan Capacity
25 Nov, 2022
Total’s Pouyanné Meets New Iraqi PM
25 Nov, 2022
BP Plans Four Egypt Offshore Wells
25 Nov, 2022
SELECTED DATA
Gas Output At Egypt's WDDM Is Down 80% Over The Last Decade (mn cfd)
Gas Output From Eni’s Egypt Mediterranean* Concessions Fell 16% For 2020 (bn cfd)
Egypt Gas Output Up 12% QOQ To Record 6.96bn cfd For Q1 As Zohr Ramp-Up Continues (bn cfd)
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