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Oman’s Upstream Gets Key Gas & Offshore Boost
...scalzi says the target is “most likely gas or gas/condensate” (MEES, 15 November 2019). The firm is proud of kicking off drilling only seven months after the acquisition closed, though it was provisionally awarded the block in 2017 (MEES, 15 September 2017). Eni has 55% of Block 52, Qatar state firm QP...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Saudi Energy Minister Makes Gas Export Pledge
...e task to transition towards becoming a gas exporter is no easy one. Indeed, prior to the June 2017 Qatar embargo, Saudi Arabia had been in talks with its gas rich neighbor to begin imports (MEES, 8 December 2017). Sales gas output was a record 8.9bn cfd in 2018, from raw gas output of around 12...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Shell Egypt: Mixed Signals
...ssible sale of its Egypt portfolio. WDDM: DEEP SLUMP, MODEST REBOUND WDDM output bottomed out at 151mn cfd in 2017 following years of under-investment, increasing to 223mn cfd in 2018, although still a far cry from the roughly 800mn cfd it was producing at the start of last decade. The fields ar...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
US Surges Past Saudi As World’s Top Oil Exporter
...reducing demand: down 10% from its 2017 peak to average 550,000 b/d for 2019. Fuel oil dynamics on the other hand have been trending in the opposite direction, and the kingdom became a net importer of the fuel in 2019 for the first time since Jodi stats began in 2002. After recording net-ex...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Egypt’s Asorc Awards Assiut Hydrocracker
...kely optimistic given the preliminary nature of the latest contact. Asorc is one of a number of Egyptian refiners planning to improve Egypt’s refining sector. After processing an average 76,300 b/d of crude in financial year 2017-18, Asorc has announced plans for 4.1mn t/y (82,300 b/d) throughput in...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Kuwait LNG Imports Rise In 2019
...18, this would still fall shy of 2017’s record 3.5mn tons. Nearly 60% of Kuwait’s power capacity comprises from gas-fired plants, and upgrades here in recent years have enabled more efficient generation. As such Kuwait generated record amounts of electricity in 2019 (MEES, 14 February), despite ga...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Aramco Trading Signs Kuwait Crude Deal
...Saudi Aramco’s trading arm, Aramco Trading (ATC) is rapidly stepping up its activities. Overall liquids traded in 2017 totaled just 1.40mn b/d, jumped to 2.17mn b/d in 2018 and 4.5mn b/d in 1Q 2019. The firm aims to reach 6mn b/d by the end of this year (MEES, 19 July 2019). It appears to ha...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Egyptian Firms Win Nuclear Work
...ich Egypt will begin repaying the loan (MEES, 15 December 2017). ...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Algeria’s 3.5BCM/Y Ain Tsila ‘Ahead Of Schedule’
...in line with the September 2022 timeframe outlined when Petrofac was last March awarded the key $1bn EPC contract (MEES, 15 March 2019); given Algeria’s record of chronic delays sticking to this latest target no doubt feels like a victory. The project had originally been slated for 2017 start-up (ME...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020