ExxonMobil and Saudi Aramco this week signed a Venture Framework Agreement (VFA) “to evaluate a significant upgrade” of their 50:50 joint venture Samref refinery in Yanbu. The partners will explore an expansion of th...

Oman’s energy ministery has dubbed state firm OQ Alternative Energy (OQAE) the “national champion for renewable energy.” Its purpose is distinct from state offtaker Nama Power and Water Procurement (Nama PWP), whic...

On 11 December, Dana Gas announced that its North El-Basant 1 exploration well in Egypt’s onshore Nile Delta had yielded a new gas discovery. The Abu Dhabi-listed firm says that the initial well results indicate estima...

Iraq’s economy is driven by revenues from crude oil exports to global markets, and these are sputtering this year as prices have fallen due to economic uncertainty. MEES calculates that crude export revenues are set to...

Qatar’s fiscal balance and trade revenues have suffered from oil prices dropping below $70/B this year amid global trade wars and the unwinding of Opec+ production cuts. This has generated a $700mn deficit over the fir...

An announcement by Saudi Arabia’s Ministry of Finance last week indicating that the Jafurah Basin unconventional gas project had started up always appeared suspect, especially given the lack of confirmation from Aramco...

Yemen’s UAE-backed secessionist Southern Transitional Council’s (STC) military offensive continues to reshape the embattled country’s political landscape. After the group removed Saudi-backed government and tribal ...

Eni has confirmed a significant natural gas discovery at the Konta-1 exploration well in the Muara Bakau Production Sharing Contract (PSC), located approximately 50 kilometers offshore East Kalimantan in Indonesia’s Ku...