- Sort by:
- Score
- Published ▼
-
Oman: Blocks 3 & 4 Finish 2019 In Style
...ocks’ partners, it has to be noted that this comes while Omani output was capped at 970,000 b/d under the Opec+ agreement. Under the initial round of cuts in 2017-18, the blocks’ output was capped at 41,000 b/d (MEES, 20 January 2017), and while the cap was increased minimally in 2019, it is hard to see ho...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Lebanon’s Gas Hopes Kicked Further Down The Road
...other extended political vacuum, the likes of which have had devastating consequences in recent years. Dysfunctional politics was a key reason why the country’s inaugural bid round-launched to considerable IOC fanfare in 2013 (MEES, 17 May 2013) – didn’t see contracts awarded until late 2017 (see ti...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Oilfield Services Firms Boosted By Rising Middle East Revenues
...llion dollar awards for work in expanding capacity offshore Saudi Arabia (MEES, 12 July 2019). SERVICES FIRMS REVENUE ($BN): BIG THREE SEE COMBINED REVENUES EDGE UP TO 5-YEAR HIGH $80BN IN 2019 *GE SUBSIDIARY SINCE JULY 2017. SOURCE: COMPANY FILINGS, MEES. MENA BRIGHTSPOT Si...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Suez Canal Rides Us Shale Boom With 2019 Traffic & Revenue Records
...rminal of Ain Sukhna in 2019 (see p6). Southbound oil products shipments of 1.33mn b/d were up on 2018’s 1.28mn b/d and second only to 2017’s all-time high of 1.38mn b/d. Southbound products volume includes a record 94,000 b/d of LPG, with Q4 seeing a quarterly record of 126,000 b/d. But the st...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Saudi Arabia Key Oil Data ('000 B/D): Saudi Crude And Products Exports Fell 1mn B/D Annual In 2019
...CHANGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL FIGURES ARE PERCENTAGES. *EXCLUDES FIELD LPG (650-700,000 B/D). **NAPHTHA REFINERY OUTPUT INCLUDED IN 'OTHER PRODUCTS TO DEC 2017 (479,000 B/D FOR 2017). ^PRESUMES ALL FUEL OIL CONSUMPTION IS BURNT IN POWER PLANTS. SOURCE: JO...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Turkey Planning More Drilling Off Southern Cyprus
...ports, and the government spokesman, implied that Ankara had used nefarious tactics to obtain the data, going as far as also claiming that Eni had colluded with Turkey. Ultimately, the data had been published in 2017 on a government website, then subsequently removed. ...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Qatar Awards First Utility-Scale Solar Project
...0MW (MEES, 29 September 2017), then 700MW (MEES, 10 January), before Doha settled on its current configuration. Qatar did not initially reveal a levelized cost of electricity (LCOE) for Al Kharsaah – a value thought not to reflect true solar project costs (MEES, 22 November 2019) – saying instead the pr...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Mena Cross-Border Power Grid Links: More Theory Than Practice
...ectricity between GCC countries as well as enabling alternative supplies to reduce power outages. But volumes remain puny. GCC countries see use of the grid as an emergency backstop more than a routine occurrence: non-emergency transfers only accounted for more than 50% of transfers for the first time in 2017...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Egypt Tests Sudan Grid Link As Saudi Plans Stall
...velopment as part of Crown Prince Muhammad bin Salman’s ‘Neom’ project (MEES, 27 October 2017). Saudi Arabia was expected to launch an adjusted tender for its side of the link last year, according to local media reports in March 2019, but this has not yet occurred. Of Egypt’s current cross-border li...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Egypt Gas Back On The Rise
...e global market amid suppressed prices (MEES, 20 December 2019). The lion’s share of output comes from the Mediterranean, where output rose to 4.281bn cfd for November. At 64.3% of overall output, this was the highest since March 2014, and nearly double the January 2017 nadir of 37%. The key co...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Borealis To Buy Nova Out Of US Petchems JV
...hylene to feed an existing 400,000 t/y polyethylene plant 120km westward at Bayport and a new 625,000 t/y PE plant alongside the cracker. The cracker is scheduled for start-up in late 2020 (MEES, 31 March 2017). ...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
GCC Gas Integration: More Than Just A Pipe Dream?
...rough a 2bn cfd pipeline. Flows have continued despite the onset of the Qatar embargo in June 2017, with Dolphin reporting exports of 2bn cfd in 2017 (MEES, 9 June 2018). Rates have stayed flat in 2018. The rationale for gas integration has long been clear. Qatar and Oman aside, the GCC countries have fa...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Genel Farm-In Boosts Development Prospects At Chevron KRG Blocks
...0,000 b/d Tawke license (DNO 75%op, Genel 25%) has fared better. In Chevron, Genel gains a world class partner whose technical expertise could perhaps help avoid geology-related declines that have previously plagued Genel (MEES, 31 March 2017). “We are delighted to have been chosen as a partner to Ch...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Baghdad: KRG Budget Overture
...Iraq’s 2019 budget, passed by parliament 24 January, formalized the central government’s payments to KRG state workers and Peshmerga forces, further affirming the thawing relations between Baghdad and Erbil after the KRG’s ill-fated 2017 independence referendum (MEES, 29 September 2017). “Th...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Bahrain Looks To Parlay Upstream Potential Into Downstream Riches
...an leads the way with its 1bn cfd BP-operated Khazzan tight gas field (MEES, 29 September 2017). Meanwhile, Abu Dhabi awarded Total a contract to develop the Ruwais-Diyab unconventional gas concession in November 2018 (MEES, 23 November 2018). Most pertinently, Saudi Arabia is developing the nearby Ja...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Bahrain’s Grand Ambitions: MEES Speaks With Oil Minister Muhammad Al Khalifa
...w into this formation. We flowed oil in 2017, this is the oil we flowed, from the first test well. Now we are drilling wells to put them on an extended flow test and that data we’ll collect and put in a data room and invite international companies to have a look. Hopefully it becomes cost co...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Saudi: Pre-Deal Deja-Vu With Output, Export Records
...evious Opec output deal, when Saudi Arabia exported 8.258mn b/d (MEES, 20 January 2017). Going much further back, the only other month to top this was May 2003 (8.344mn b/d) when Saudi massively drew down stocks to boost exports to compensate for the loss of Iraqi volumes with the US invasion. *Of...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Thailand Crude Imports: Abu Dhabi Cements Top Spot
...d crude imports growing 7.4% to top 1.1mn b/d for 2018, Thailand is at the top of the second tier. The UAE (effectively Abu Dhabi) cemented its position as top crude supplier to Thailand in 2018. Average volumes of 361,000 b/d were up 14.5% on 2017 though still down on 2013’s record 44...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Iran: Exports Edge Up But Outlook Remains Bleak
...port data as the only reliable source of numbers – and by definition such data does not cover bonded storage. IMPORTS OF IRANIAN CRUDE & CONDENSATE ('000 B/D): VOLUMES EDGE UP IN DECEMBER; 2018 DOWN 580,000 B/D ON 2017 *INDIA & TURKEY DEC FIGURES ARE ESTIMATES BASED ON SHIPPING DATA AND RE...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Libya Halves 2018 Budget Deficit But Remains Hostage To Oil And Conflict
....5% is factored in. Of this, oil and gas income accounted for a massive 93%, a five year high: any semblance of economic diversification is a long way off (see table). Non-oil revenues came in at a puny LD2.4bn, not only a whopping 56% lower than the figure projected in the budget but 23% down on 2017...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019