Issue 33

Oil & Gas

• Egypt Launches Upstream Bid Rounds Amid Renewed IOC Interest
• EGPC Targets Western Desert Oil
• Crude Exports From Saudi Arabia’s Yanbu Go Dark

Corporate

• Adnoc Gas: Repairs Ahead Of Schedule, Expansion Projects Progress
• Adnoc Gas Revises Up Earnings Guidance Despite Crisis
• Apache Gas Success Exposes Egypt’s Infrastructure Challenge
• XRG Makes Splash With Venezuela Upstream Entry
• DNO’s North Sea Diversification Pays Off

OPEC

• Hormuz Shuttles Key To Near-Term Market Stability

Geopolitical Risk

• Cairo & Tripoli Examine Energy Ties Amid Tentative Diplomatic Thaw
• Libya’s Upstream Revival Faces Renewed Security Concerns Following Drone Strikes

Refining & Petrochemicals

• Iran Gasoline Shortage Deepens As Import Options Narrow

Power & Water

• Saudi Energy: 81.7GW Renewables By 2030
• RABIGH II Conversion Nears Completion

Economics & Finance

• Leviathan Revenues Surge 79% As Gas Prices Hit New Record

News In Brief

• Iraq’s New Export Pipelines To Cost $15bn
• Oman JBB Wind Project Reaches Financial Close
• Adnoc L&S Shipping Profits Soar
• Scatec Brings 1.1gw Obelisk Online
• Egypt M&A: Two Takeovers Clear Key Hurdles

Selected Data

• Crude Official Selling Prices ($/B) : Middle East Producers Cut Prices For September Loadings
• Benchmark Crude Prices ($/B)
• Israel July Gas Exports To Egypt Reach Record