- Sort by:
- Score
- Published ▼
-
Iraq Seeks To Reboot Northern Oil Sector
...chnically challenging development required (MEES, 8 February 2010). Sonangol declared force majeure in 2014 when Islamic State stormed the northern Nineveh Governorate and seized the two fields. It was already eying the exit, citing escalating sectarian violence in 2013 (MEES, 25 October 2013). Mr Lu...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Iraq Drilling Hits 3-Year High, Abu Dhabi Sets New Record
...rrying about any commitments to Opec to limit output (see p9). However, Iraq’s rig count remains at little more than half of the record 96 seen in the first half of 2014 before Islamic State overran large swathes of the country. The UAE is another country where Total, in its 2017 results and 2018 ou...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Iranian Oil Exports Hit Pre-Sanctions Levels As European Share Grows
...indled from 185,000 b/d in 2011 to a low-point of 104,000 b/d in 2014 and then stayed relatively flat at 111,000 b/d in 2015. 2016 saw a noticeable 24% gain to 138,000 b/d, but latest data to November implies volumes soared 75% to around 240,000 b/d in 2017. This would put Turkey as the fourth largest bu...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Egypt: Increased Gas Availability Boosts Petchems Producers
...stallations were not directly affected, instability deterred investment, as did the cash-strapped Islamist government of Muhammad Mursi’s inability to pay IOCs for their oil and gas production. Gas output collapsed from 6bn cfd in 2011 to 4.7bn cfd in 2014 and a 12-year low of 3.9bn cfd in H1 2016. At le...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Opec Steadies Production In January
...cember 2017), especially when pointing to the instability that has plagued output in recent years. Should either be accused of producing too much, they could argue that this would be to offset the risk of near-term drop-offs. January’s combined output of 2.82mn b/d was the highest since September 2014...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Major Threat For Opec With Offshore Exploration Boom
...hlumberger CEO Paal Kibsgaard told his 19 January earnings call. LONG TERM: DEEPWATER FOCUS Mexico’s latest bid round last week was by far the most successful since the country opened up its upstream to international investment in 2014. Total investment commitments were $93bn with 19 of 29 de...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018