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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 -
Iraq Reboots Downstream Development Drive
...imacy of rehabilitating the Baiji refinery, formerly Iraq’s largest at 310,000 b/d but now offline after being gutted by the Islamic State in 2014. Achieving “some level of operations” at the Baiji refinery is “the most urgent requirement within the petroleum sector,” the document says, adding that “it...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Dewa Awards Gas-Fired Power Project
...tensive LNG export commitments – around 90% goes to Japan, which took 4.68mn tons in 2017 down from 4.99mn t in 2016 and a record 5.70mn t in 2014 (see chart, MEES, 16 February). This means that the UAE only achieves gas balance by importing 1.7bn cfd via the Dolphin pipeline from Qatar to Abu Dhabi as...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Russia, Saudi Arabia Commit To Enforcing Production Discipline
...cember’s inventory levels stand in terms of forward cover? Using their respective 2018 average OECD demand figures, the IEA data shows 60.1 days coverage and Opec 60.5 days, and December’s stocks represented 62-63 days cover at 2014 demand levels. HOW CAN I RESIST YOU? Abu Dhabi newspaper The Na...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Will 2018 Be A Boon Year For Middle Eastern IPOs?
...The Middle East IPO market dried up after oil prices fell in H2 2014. But the urgent need to generate new revenue means the sustained oil price slump is now the key driver of energy sector privatization plans across the region. After several torrid years, the Middle East IPO market st...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018