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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 -
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 -
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 -
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 -
Iran Oil Shipments Up 15% In 2014 As China, India Overlook Limits
...terpreted as implying total exports of 1-1.1mn b/d – a level in line with MEES 994,000 b/d estimate of average intakes of Iranian oil for the six months leading up to the deal. Iran’s oil exports are down from an average of just over 2.5mn b/d in 2011, before the imposition of the latest US and EU-led sa...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
Saudi Arabia Advances Carbon Capture Project
...en reluctant to tamper with the energy subsidy and raise prices to both industrial and private consumers, even as it has in the past two years increased spending on infrastructure and social programs, in part as insurance from the ‘plague’ of the Arab revolution that started in 2011. Imf: Sa...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Iran: French Avant-Garde Leads IOC Rush To Return
...timates, stood at around 2.75mn b/d last month, down by more than 800,000 b/d on its 2011 average of 3.59mn b/d. Crude exports averaged just over 1.1mn b/d in 2013, representing a 54% drop in shipments relative to 2011. But with the apparent thawing of relations between Iran and the West since Pr...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Egypt Heads For Gas Deficit
...nce the Arab Spring in 2011, allowing for a simmering energy crisis to come to a boil. With three governments in just over three years, a lack of continuity in and concentration on energy policy has failed to address gas price reform and ensure payment to producers – leaving investment far below the le...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
QP Considers Next Step For North Field
...e Iranian side of the field – productivity of recently opened phases has fallen, while another drilled a dry hole, and salt water is increasingly entering some South Pars wells (MEES, 12 December 2011). Furthermore, Iran gives unreliable reports about how much gas it intends to extract and the ti...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Iraqi Production Rise Hits Hiccup
...IRAQ Iraqi Production Rise Hits Hiccup By Rafiq Latta Iraqi production surged last year by some 300,000 b/d compared to 2011, and 2012 levels stand some 700,000 b/d higher than 2008, despite well-publicized delays on projects and a cut-off in Kurdistan Re...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
In Amenas Fallout Continues As BP And Statoil Weigh The Options
...around 3.5bcm/y – a message repeated by Mr Yousfi on 5 February. Evaluation of damage to the plant continues, Mr Yousfi added. Lost Production In Amenas output averaged 7.8bcm for both 2011 and 2012 – 10% of Algeria’s total commercial gas production – significantly below the plant’s 9b...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Egypt: Eni Digs Deep
...om “at least two” planned 2013 development wells – slated to produce 2,000 b/d each – targeting the Upper and Lower Safa. Production will be delivered to the existing Melehia facilities. 2011 production, all from shallower reservoirs, was 19,000 b/d. Output has since risen sharply, with pr...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Oman Energy Sector Changes Could Impact DME Benchmark
...ading volume on the DME climbed 25.7% to 103,904 contracts from 82,671 in December 2011. Oman crude futures is the DME’s only contract and acts as the benchmark for Oman and Dubai official selling prices (OSPs). The Oman and Dubai governments launched the DME in 2007 to create transparent pr...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013