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Oxy Advances Mena Strategy 2.0
...work together on projects of strategic importance.” That’s not to say that the Shah gas development was all plain sailing, with startup slipping from 2014 to 2015 as the parties had to devise how to cope with the high sulfur levels. Once started up in 2015, the field was ramped up to full we...
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 -
Qatar Seizes Golden Opportunity For US Cooperation
...C) contract for the project, with work to start this quarter. Chiyoda and McDermott previously carried out FEED work under a 2014 contract. Chiyoda has also been heavily involved in the ongoing development of Qatar’s LNG sector. Work includes the construction of three liquefaction trains of ap...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
OPEC Production Dives Amid Venezuela Instability
...0,000 b/d. Luanda has struggled to prevent declines from its aging reservoirs since oil prices fell during late 2014. DECISION TIME APPROACHING Given the collapsing output from the exempted triumvirate, the Opec 11 countries must decide whether to keep cutting in order to eliminate their 28...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Kuwait Oil Sector Risks Being Left Behind
...wait racked up budget deficits of nearly $65bn between 2014-15 and 2017-18, the emirate’s financial buffers have proven sufficient to absorb it. Kuwait will swing into a surplus this year (to April 2019), potentially of around $8bn. However, a deficit is again on the cards for 2019-20 (MEES, 25 January). ...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Sudan, South Sudan Claim Oil Production Boon, But How Much?
...0,000 b/d to come from former Upper Nile state. Prior to the conflict, production from Blocks 3 and 7 in the Upper Nile region was close to 200,000 b/d. But by late 2014 this had dropped to 140,000 b/d, and it plunged to just 117,000 b/d in 2Q 2018. If rehabilitation work in Upper Nile can be successfully ca...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
QP Triple Boost
...Qatar Petroleum’s Cyprus drilling success with Exxon (see above) was only the latest of three major international successes over the past week – four if you count the football. Qatar Petroleum’s international activities were put on the backburner amid institutional reshuffling from 2014 (ME...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Majors Plan Cautious Hike To 2019 Capex
...ILL LITTLE MORE THAN HALF 2014 LEVELS ($BN) EXXON, HAVING OVERTAKEN SHELL AS TOP SPENDER FOR 2018 PLANS THE BIGGEST BOOST TO SPENDING FOR 2019 ($BN) B=BUDGET. *SHELL GIVES $25-30BN RANGE FOR 2019, BP $15-16BN AND TOTAL $16-17BN. CHARTS ASSUME MIDPOINT OF RANGES. SHELL FIGURES IN...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019