- Sort by:
- Score
- Published ▼
-
Chevron Very Excited By East Med Potential
...ES, 23 January). Israeli firm NewMed Energy, Chevron’s partner at both Aphrodite and Leviathan, estimates first gas from the Cypriot field in 2031. Despite being discovered in December 2011, Aphrodite is no longer in line to be the first Cypriot gas field to be developed. That accolade looks set to...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
Saudi Economy Contracted In 2023 Amid Oil Price Drop
...7% contraction in 2020 during the Covid-19 pandemic - largely because in 2020 the sector was coming off a relatively weak previous year. Indeed, it is the sharpest oil-sector contraction in MEES records going back to 2011 (see chart 1). Oil prices softened considerably last year amid strong su...
Volume: 67Issue: 06Published at Fri, 09 Feb 2024 -
Dana Gas Snags Improved Egypt Fiscal Terms
...22, some 40% down on peak output of 42,500 boe/d hit in 2011 (see chart). With falling Egypt output, Dana’s key area of production is now Iraqi Kurdistan (see p13). Dana says the slump would have been more severe in line with what it says are typical 20% Nile Delta decline rates had it not been fo...
Volume: 66Issue: 06Published at Fri, 10 Feb 2023 -
Libya’s Waha At 3-Year High
...cember for the highest figure since last March. LIBYA'S WAHA OIL CONCESSION PRODUCED 323,000 B/D FOR Q4, THE JOINT-HIGHEST FIGURE SINCE THE 2011 REVOLUTION SOURCE: CONOCOPHILLIPS, HESS, MEES CALCULATIONS....
Volume: 66Issue: 06Published at Fri, 10 Feb 2023 -
Syria Says Oil Sector War Damages Hit $100bn As Assad Loyalists Scoop Contracts
...21). ‘STOLEN OIL’ Mr Tomeh’s estimate of Syrian wellhead production is a far-cry from pre-conflict 2011 levels of 353,000 b/d. And given that the Syrian government had lost control of the bulk of the country’s oil and gas fields to US-backed Kurdish forces (see map) it will be tough for Damascus to...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
Libya’s Noc Eyes Algeria Border Fields Potential
...tential for tie-ins to Eni’s Wafa field. Though said to be promising, no discoveries have been made on these blocks to date. BP was on the cusp of drilling in 2011 but that year’s bloody revolution saw the UK-major pack its bags. It remains far from clear whether Eni still holds the same appetite for th...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
Egypt Oil Output Plumbs New 40-Year Low For 2020
...nai). *The Western Desert, which overtook the Gulf of Suez region as Egypt’s key production area in 2011 and has provided over half of production since 2014, saw output fall 7% to a 9-year low of 321,000 b/d for 2020. December’s 290,000 b/d was the lowest monthly figure since May 2010. This comes as the re...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
KRG: DNO Buys Out Exxon At Baeshiqa, Eyes Development
...ce its exit from the block is finalized, it will be left with just the Pirmam block where it confirms that it still retains its 80% operating stake. The US supermajor initially signed up to six blocks, including Baeshiqa, in a controversial 2011 deal. Not only did Baghdad oppose the signing of ag...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Total’s Upstream Operations Enjoy Strong 2019
...conventional concession, and Adnoc says “the first gas from unconventional [reserves] in Abu Dhabi, [will enter] into the market in mid-2020.” While initial volumes will be modest, Adnoc targets 1bn cfd by 2030 (MEES, 15 November 2011). MENA LIQUIDS OUTPUT HAD RECORD 2019 BUT OVERTAKEN BY AFRICA AS #1 TO...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
New Egypt Gas Projects To Boost Output
...y IOCs for their gas. But this price was increasingly seen as unattractive by IOCs, contributing to a 2011-15 investment hiatus: output had slumped to a 12-year low of 3.891bn cfd by early 2016. Cairo evidently needed to revise terms if it was to re-attract the big firms. It changed the pricing fo...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Oxy Advances Mena Strategy 2.0
...ploration blocks in November (MEES, 9 November 2018). Prior to that, it hadn’t added to its Mena portfolio in 11 years, since signing up to develop the Shah field in 2011 (MEES, 24 January 2011). The reason for the hiatus was a 2013 decision to move forward with a strategic restructuring aimed at st...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Algeria Oil Output On The Slide
...ng-term decline, collective output is the lowest since El Merk’s first full year of output in 2014 (see chart). At just 174,000 b/d for 2018, combined HBNS and Ourhoud output is half 2011 levels and a mere 31% of the 470,000 b/d 2007 figure. Anadarko says the completion of a water treatment pr...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Sudan, South Sudan Claim Oil Production Boon, But How Much?
...OC), a consortium of China National Petroleum Corporation (CNPC), Malaysia’s Petronas and ONGC Videsh (all state-owned) and local firm Nilepet. Since South Sudan’s independence in July 2011, GPOC has been responsible for operating those parts of Blocks 1, 2 and 4 that lie south of the border with Su...
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 -
Iranian Oil Exports Hit Pre-Sanctions Levels As European Share Grows
...Iran produced an average of 3.79mn b/d of crude in 2017, up 10.5% on 2016, with output reaching 3.83mn b/d last month. Not surprisingly export volumes are also up. Buyers of Iranian crude and condensate took just over 2.50mn b/d last year, edging above 2.47mn b/d for 2011, the year before US-le...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Egypt: Increased Gas Availability Boosts Petchems Producers
...eat.” GEOPOLITICAL RISK Methanex faced a baptism of fire in Egypt. On 26 January 2011 it announced the plant’s start up: four days later it withdrew staff as protests against President Mubarak escalated. Mubarak was overthrown the following month but instability continued. Whilst oil and gas in...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Shell Sees Qatar’s Pearl GTL Plant Offline For ‘A Couple Of Months’
...jacent 120,000 b/d NGLs and ethane plant take around 1.6bn cfd of gas from Qatar’s giant North Field. The combined GTL/liquids project reached full commercial production at end-2012, following start-up of the first GTL train in early 2011 and the first commercial cargo of gasoil in June 2011. The co...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017 -
Opec Cuts 860,000 B/D Output, More Work Required
...35mn b/d, this would imply Iraq plans to cut to 4.57mn b/d – a figure MEES calculates it is currently producing below. OPEC^ 2016 OIL EXPORT REVENUES FALL $760BN FROM 2012 PEAK ($BN) 2010 2011...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017 -
NOC Charm Offensive To Encourage Resumption Of Investment
...bruary, reach 1mn b/d in April, 1.1mn b/d in June and 1.2mn b/d by August, says Mr Sanalla. The NOC chairman’s London presentation was part of a wider charm offensive to attract renewed investment to an oil territory where some IOCs have not operated since early 2011 and others abandoned work after a br...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017 -
Glencore Extends Libya Crude Purchase Deal
...). The Tripoli government is carrying out the most wide-ranging investigation into corruption in the oil sector since 2011, said Attorney General Sadia Al Sour on 26 January. Investigations into smuggling of crude products to Malta, Cyprus and Greece are under particular scrutiny, he said. Tripoli NO...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017