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Syria’s SPC Courts IOCs As Re-engagement Accelerates
...ogress was made (MEES, 3 January 2014). A more recent agreement, signed in 2022 was with Kapital LLC, believed to be ultimately owned by former Wagner Group leader Yevgeny Prigozhin. Mr Qablawi told MEES that Chevron would fund new seismic surveys – an investment likely to be required of all IOCs en...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Chevron Eying Egypt Tie-In For Cyprus’ Aphrodite
...4bn last year – from selling LNG as gas prices have soared. Shell, which has in the past had its own beef when Cairo reneged on letting it and precursor BG directly export WDDM gas (MEES, 7 February 2014), is not prioritizing Aphrodite development and has left negotiations to Chevron and Cairo, ME...
Volume: 66Issue: 07Published at Fri, 17 Feb 2023 -
Qatar Brokers Israel-Gaza Gas Supply Deal
...ywhere near the 140MW of potential capacity (MEES, 30 May 2014). The PA’s Mr Melhem is evidently aware of this. Increasing Israel-to-Gaza power transmission “would imply the construction of a high-voltage line, replacing the existing medium-voltage lines. It would reduce tariffs. We discussed the pr...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Egypt Bags Exxon As Shell Steps Up Commitment
...ill down on 2016’s 588mn cfd. Aside from WDDM, Shell eyes development of BG’s 2012 Harmattan Deep discovery in the shallow water just north of Damietta. Previous BG development plans were shelved amid a pricing dispute (MEES, 1 August 2014). Now Mr Hanter says “We have had very constructive di...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
India Makes Splash Offshore Abu Dhabi With First Post-Adma Contract
...ate firms – which typically group up in their overseas forays – previously submitted an ultimately unsuccessful bid in 2016 for a stake in Abu Dhabi’s giant onshore concession (formerly known as Adco), which expired in 2014. The latest consortium is headed by state giant ONGC Videsh, alongside fellow st...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
KRG Gas Plans: The Rollercoaster Continues
...xt step of concluding negotiations with potential partners, and moving the gas project towards the FID.” ...BUT IS DEVELOPMENT ANY CLOSER? When Genel signed the initial agreement for development of Miran and Bina Bawi in November 2014, the firm said it “expects that a final investment de...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
Algeria Looks To Build On Modest Output Gains But Investors Remain Wary
...end bucks a pattern of flat or declining output established over the past decade. Combined production of crude oil and natural gas liquids (NGLs) hit a low of 1.49mn b/d before edging up to 1.59mn b/d in 2014 and 2015, according to BP’s most recent Statistical Review, published in June. But that is st...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
East Mediterranean Gas Faces Crucial 2016
...e hands of one consortium will only lead to an increase in prices. Progress in Israel’s gas sector was paused after the country’s antitrust chief in December 2014 labeled the consortium grouping US firm Noble Energy and Israel’s Delek a monopoly. Together they operate almost all of Is...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Skint, Petroceltic Sells Egypt Blocks
...re output is in freefall: from 105mn cfd in 2013, to 95mn cfd for 2014 and just 60-65mn cfd for 2015. And of course falling prices don’t help either (on the plus side Egyptian gas prices, though not those for associated liquids, are fixed; on the downside payments have been anything but prompt – see p1...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Algeria: 3 Bcm Gas Boost From In Salah Expansion
...n expect In Salah net gains, at least for a couple of years, of around 3 bcm/year, according to MEES estimates. Drilling of the 26 planned southern field wells began in 2014. “We'll be drilling until 2018, and wells will be brought on over time, which is typical for a tight gas project su...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Oman And BP To Expand $16bn Khazzan Gas Project
...% in 2014 and yet further last year (MEES, 8 January). The expanded Khazzan project would add considerable relief. There is also an agreement to import 10 bcm/year from Iran via pipeline, with gas expected to flow by 2018. Iranian officials have said around 30% of this will be re-exported from Om...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Adnoc Head Replaced As Abu Dhabi Eyes Output Rise
...hayyan. The Crown Prince has effectively been in control of the country since his brother President Khalifa bin Zayid suffered a stroke in January 2014. This marks his further consolidation over the oil industry. The new man in charge will have to juggle a wide range of issues including plans to increase ga...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Baghdad, Erbil Face IOC Revolt As Cash-Crunch Stalls Payments
...sources and severe budgetary pressure to maximize production,” it says. Since the Jihadists swept through northern Iraq in June 2014 and the start of the price plunge, Iraqi output has shown impressive growth, the IEA says. Iraq’s oil output, including production from the KRG, surged to a 34-year high of...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Libya Peace Talks Begin But Economy Slides Towards Ruin
...llen to $100bn in August 2014, 20% lower than at the beginning of the year, according to the World Bank. The fall in oil prices is accelerating the erosion of these reserves. The country is now running a budget deficit of $3bn a month, according to the analyst. At that rate, foreign currency reserves wo...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Egypt: Apache Hopes Major Finds Will Stem Falling Output
...EGYPT Egypt: Apache Hopes Major Finds Will Stem Falling Output Apache, Egypt’s largest oil producer, says output will fall this year, but hopes major recent finds mean better times ahead. Egypt’s 2014 gas output was the lowest since 2005. US-firm Apache forecasts that the firm’s gr...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Egypt Looks To LNG Deals To Ease Gas Shortage
...EGYPT Egypt Looks To LNG Deals To Ease Gas Shortage Egypt’s gas output fell to a nine-year low of 4.7bn cfd in 2014, with 4.6bn cfd for December. Long-term, Cairo is looking to reverse the decline by spurring deepwater exploration with improved terms but in the meantime it is looking to...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Total’s 50-50 ADCO Hopes
...UAE Total’s 50-50 ADCO Hopes French major Total – like the rest of the former participants in the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession – faces 2014 without ADCO volumes to report to shareholders. Though production coming onstream elsewhere will li...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Iraq Awakens Sleeping Giant At Hamrin
...ist. Iraq’s oil ministry originally envisaged increasing output from northern fields to 1.3mn b/d by the end of 2014, though given the rate of decline from Kirkuk, where production has fallen below 300,000 b/d from a peak of 1mn b/d, the goal is unlikely to be achieved for several years. An additional co...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Talisman Set To Shed KRG Assets
...st year that it planned to declare commerciality of Kurdamir some time in 2014. The intention to offload Kurdish assets was flagged when Talisman announced $3bn in planned asset sales last year even before the purchase of a 6% stake in the Toronto-listed company by activist investor Carl Icahn (ME...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
MENA Active Drilling Rigs January 2014*
...MENA Active Drilling Rigs January 2014* January 2014 br...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014