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UAE Gets Major Gas Boost With Jebel Ali Discovery
...ll as supplies from Adnoc’s operations in Abu Dhabi, it is contracted to take 730mn cfd through the Dolphin pipeline from Qatar and imports LNG through a 960mn cfd (7.2mn t/y) FSRU. Dubai imported just 770,000 tons (100mn cfd) of LNG in 2018, down sharply from 2.47mn tons in 2017. Dubai’s limited of...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
KBR Bags Key Adnoc Contract
...Dubai (see p2). Eni says it is targeting first gas from the Dalma portion of the project in 2022, with the larger Hail & Ghasha project starting up in 2024. KBR has previously worked at the assets. In 2017 it was awarded a PMC contract for FEED work at the Dalma and Detailed Design and Su...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Opec Production Falls Sharply, More Cuts On The Way?
...blicly debate cutting deeper still. Given that the Opec+ alliance has been enforcing cuts almost continuously since January 2017, dividing up deeper cuts will be no easy task. But as oil prices have slumped amid concerns over dramatic falls in China’s demand, deeper cuts look increasingly ne...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Iraq Crude Exports: Slow January Highlights Systemic Vulnerabilities
...ptember 2017. Exports from the semi-autonomous Kurdistan Region also fell – to just 350,000 b/d according to data intelligence firm Kpler – pointing to total Iraqi exports of just 3.66mn b/d. Federal exports can often be volatile in the winter months when bad weather can impede loadings from Basra, an...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Egypt Petchems Sector Boosted By Gas Revival, Eyes Expansion
...gasoil, 210,000 t/y of benzene and 485,000 t/y of petcoke as well as 600,000 t/y of polyethylene and 380,000 t/y of polypropylene (MEES, 22 September 2017). E-Styrenics has awarded contracts to local firms for a 300,000 t/y styrene plant at Alexandria. This will process ethylene and benzene to pr...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Abu Dhabi Moves To Consolidate State Utilities
...also streamlining other areas of its energy sector, having implemented a considerable shakeup in recent years. State energy investor IPIC was folded into Mubadala in 2017, while Adnoc has been undergoing a major organizational transformation under CEO Sultan al-Jaber. SHAREHOLDERS’ IN...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Algeria’s Sonatrach: New CEO, Same Old Challenges
...e jury is still out on whether a reduced tax take of around 20 percentage points will be enough to catch the attention of IOC cash (MEES, 10 January). 1: IN AMENAS OUTPUT HAS GRADUALLY FALLEN SINCE A LATE 2016 COMPRESSION PROJECT HELPED BOOST 2017 PRODUCTION TO AN 8.4BCM RECORD SOURCE: EQ...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Bahrain Studies ‘Mega’ Fertilizers
...uity in GPIC: Bahrain’s Nogaholding investment vehicle; Saudi Arabia’s Sabic Agri-Nutrients; and Kuwait’s state petchems firm PIC. The planned gas study suggests GPIC is considering developing a new fertilizers complex to utilize gas from a huge tight oil and deep gas discovery made at the end of 2017...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
BP Key Egypt Project Sees 12-Month Delay
...ree or four years of projects coming in below cost, on budget and, in some cases, ahead of schedule.” IT ALL STARTED SO WELL BP, which holds an 82.75% operator’s stake at WND, announced the start-up of the Phase-1 Libra and Taurus fields in late March 2017 “eight months ahead of start-up sc...
Volume: 63Issue: 06Published at Thu, 06 Feb 2020 -
New Egypt Gas Projects To Boost Output
...d Atoll project (MEES, 14 December 2018). BP says it hopes to raise Atoll output to 400mn cfd. The field came online in December 2017, the same month as Zohr, and is one of three discoveries the UK firm has made in the North Damietta concession in the Nile Delta, along with Qattameya and Sa...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Algeria Oil Output On The Slide
...ude. Algeria’s average 2018 output of 1.04mn b/d was the lowest since 2003. Though Algeria ostensibly linked lower output for 2017 and 2018 to solidarity with Opec cuts, in reality a threadbare pipeline of new projects has translated into long-term output decline. Drilling activity fell to the lowest le...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Qatar Seizes Golden Opportunity For US Cooperation
...rst investment in the United States, and is certainly not going to be our last. It represents a significant part of the plans that Qatar Petroleum announced to invest $20bn in the US energy sector.” Mr Kaabi had told MEES in December 2017 that “we are working on buying upstream assets and reserves in...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Majors Take Integrated Approach To US Shale Boom, Gulf NOCs Join The Ride
...th deepwater Guyana and Brazil, the Permian forms the centerpiece of the major’s investment plans. Exxon only went big on the Permian with the $6.6bn purchase of key acreage in early 2017. But its Permian output rose 93% year-on-year to 300,000 boe/d (of which around 80% is liquids) for Q4 2018 with th...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
OPEC Production Dives Amid Venezuela Instability
...elds (see p5). Nigerian output has only just recovered from the conflict-induced outages that crippled production in 2016 and led it to be exempted from the 2017-18 round of cuts. Meanwhile, Iraq is a perennial flouter of Opec commitments and needs every dollar it can get to rebuild the country. Th...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Kuwait Oil Sector Risks Being Left Behind
...oduction capacity of 3.15mn b/d in its 2017-18 Annual Report, but the firm subsequently stated in December that capacity was languishing at just 3.0mn b/d. This was especially galling given that KOC had brought online 120,000 b/d of light oil from its Jurassic reserves between January 2018 (MEES, 19 Ja...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Sudan, South Sudan Claim Oil Production Boon, But How Much?
...most all crude exports from the Sudans, gives no indication of an uptick in volumes. 2018 imports from South Sudan, at 68,000 b/d, were level with 2017, whilst numbers for both Q4 and December were below the 2018 average (see chart). In a broader context, any increase in crude production is a ma...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
IMF: Praise, $2bn For Egypt
...rong remittances, while unemployment has declined to its lowest level since 2011.” A combination of “the authorities’ fiscal consolidation efforts and high nominal GDP growth” means Egypt’s public-debt-to-GDP ratio “declined markedly” from 103.2% for 2016-17 to 92.6% for 2017-18 and a forecast 86...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
UAE Power Strategy Sees Abu Dhabi, Northern Emirates Join Forces
...pporting role has seen its ‘exports’ of electricity (ie transfers outside Abu Dhabi) rise more than threefold over 10 years, from a total of over 6TWh in 2008, 15% of power generated, to 21TWh (25%) in 2017 (see chart). Abu Dhabi’s rise to UAE power domination was due to its holding most of the UAE’s ga...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Iraq: Gas Output Up As Crude Burn Falls To New Lows
...18). Iraq’s crude burn peaked in 2015-2016 when it averaged 170,000 b/d (see chart 2), falling to a still sizeable 119,000 b/d in in 2017 as volumes were progressively dialed back. But in 2018, Iraq brought the figure under 40,000 b/d, including two months where no crude was burned in powerplants (see ch...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Europe’s Iran Payments Mechanism: Too Little, Far Too Late?
...vember-December nadir of 800,000 b/d, but it is difficult to imagine the total hitting much more than half of the 2.64mn b/d 2017 volumes (MEES, 25 January). IRAN: INTERNAL DIVISIONS Whilst there appears little chance of Instex taking off anytime soon, its launch has shone a light on...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019