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IOCs Bullish On Libyan Outlook As Security Situation Improves
...ergy Services Reunited (NESR), which has provided oilfield services in the Middle East and Asia Pacific regions since 2017, and SLB which is partnering with Arkenu. “North Africa remains a key growth pillar, led by a surge of activity in Libya,” NESR CEO Sherif Foda said in his firm’s Q4 earnings ca...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
Israel’s Leviathan: Chevron Advances Plans To Near-Double Capacity To 23 Bcm/y
...al that saw Leviathan development kickstarted (MEES, 8 December 2017). Beyond Chevron, London-listed Greek firm Energean is the only other operator in Israeli waters. Its 600mn cfd Karish is banned from exporting and Energean was able to secure a foothold in the domestic market by under-cutting Ta...
Volume: 68Issue: 09Published at Fri, 28 Feb 2025 -
Oxy: UAE Gas Boosts ‘International’ Prospects
...osted the firm’s global output by 4% and that of gas by 12%, in both cases the highest level since 2020. The firm has slimmed down its international portfolio, ditching positions in Bahrain, Yemen and Libya (MEES, 12 August 2016 & MEES, 10 February 2017) and focusing its slimmed-down international fo...
Volume: 68Issue: 09Published at Fri, 28 Feb 2025 -
Saudi Unconventional Plans Come At A Princely Price
...the Hawiyah gas plant expansion, which is slated to add 1bn cfd processing capacity by June 2021 (MEES, 15 December 2017). Tanajib is then set to come online in 2023, bringing Saudi gas processing capacity up to 21.6bn cfd. Jafurah is then slated to start-up the following year, but there is no in...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Repsol Mena Pullback
...ggane development in Algeria’s remote southwest was one of Repsol’s key development projects for 15 years between initial 2002 drilling and eventual start-up in late 2017 (MEES, 22 December 2017). And for this, Algeria’s tight financial terms meant the project netted Repsol just 8,200 boe/d (around 46mn cf...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Aramco Plans Ras Tanura Shutdown
...edstock processing is carried out in a 325,000 b/d crude distillation unit and a 225,000 b/d condensate splitter. The CFP contract, awarded to Spain’s Tecnicas Reunidas in early 2017, adds three main upgrading units – a 138,000 b/d naphtha hydrotreater, a 90,000 b/d continuous catalyst reformer (CCR) an...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
MEES Interview With EBRD ‘Semed’ Managing Director Heike Harmgart– Edited Highlights
...arted in 2012 – the number of projects, the value of these investments, and also the addition of new countries into the EBRD family, last year Lebanon, and the West Bank and Gaza before that. We have also seen Egypt investment grow substantially in 2017 and 2018. And there will be more countries coming. We...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Egypt’s Wind Power Capacity Nears 1.4GW, But Expansion Slow
...r electricity. However Abu Dhabi based renewables agency Irena said the lowest worldwide wind bids for 2017 were around US¢4.50/kWh. EETC subsequently awarded a BOO contract for the 250MW West Bakr Wind project near Ras Gharib to Netherlands-based Lekela Power. Lekela did not reveal its el...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Oman Oil & Gas Revenues Flatline in 2019
...roughputs. On the refining front, the completion of the Sohar refinery project in late 2017, enabled Muscat to increase key products (diesel, jet-kero, gasoline, LPG) output from 170,000 b/d to over 220,000 b/d (MEES, 26 January 2018). This, combined with slowing growth in domestic consumption, saw key pr...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
KRG: Oryx Downgrade
...etaceous reservoirs.” Still, despite the reserves downgrade, 2019 saw Oryx’s most positive year yet in Kurdistan. Hawler is currently producing a record 14,500 b/d, having seemingly put previous geological woes behind it. Output stood at just 3,000 b/d in 2017, grew to 10,000 b/d by end 2018 (MEES, 15 Ma...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Iraq Adds Southern Storage Capacity In Bid To Ease Export Bottlenecks
...10. But midstream capacity has not kept pace with the upstream increments, which prompted the oil ministry to lower its expectations of plateau production from the main six producing fields in the south. Initially targeted to rise above 13mn b/d by 2017, the oil ministry has renegotiated the co...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Sonatrach And Gazprom Revive LNG Supply Talks
...LNG cargoes (see below) – it so far has only one LNG production facility, at Sakhalin north of Japan, though a second at Yamal in the Russian Arctic is slated for 2017-18 start-up (MEES, 13 February). The latest deal would likely consist in a short- to medium-term agreement for deliveries on th...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
MENA Nuclear Program Expanding, But Some Preliminary Schedules Sliding
...at Iran’s nuclear program has a military element. UAE’s ENEC says that Barakah-1 is 61% complete and expected to start generating in 2017 as scheduled. Construction is underway on the second and third reactors, while the site is being prepared for the fourth. Kepco has completed construction of th...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Warring South Sudan Factions In Last-Chance Saloon
...ly 2017. But peace cannot be delayed, and this should not detract from the formation of a transitional government by 9 July… Adhering to commitments made since last May to form a transitional government is the way to address the issue of government legitimacy,” Mr Cannell says. IMPLEMENTATION ST...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Egypt’s Qalaa Raises Capital
...the subsidiaries and business units that are best positioned to benefit from the economic recovery in Egypt. Qalaa Holdings energy investments include refining, energy distribution, power generation and renewables. The company key project is the $3.7bn construction by 2017 of secondary re...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Dubai’s DEWA Adding 700mw, Repays $1bn
...nerating capacity will reach 10.36GW of electricity.” M-Station expansion is one of three DEWA capacity additions under way. First is a 200MW solar photovoltaic (PV) plant, which is being built by Saudi firm ACWA Power and Spain’s TSK for start-up in April 2017 (MEES, 30 January). DEWA is also te...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Italy’s Eni In New Tirade Against Iraq Contract
...I gravity, which ranges from a heavier 28-29° API, a recent development as new streams have come online, to 32° API, he said. After 2017, Iraq plans to export two types of crude from its southern terminals, he says. West Qurna Too Storage capacity is needed to absorb the expected 750,000 b/d of...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Two-Track Iraq Mega Projects Emerge
...rough the pipeline is expected by the end of 2017 or early 2018, he said. The project is divided into two parts, the 2.25mn b/d BOOT contract and a 1mn b/d section from Haditha to ‘Aqaba to be offered as an Engineering, Procurement and Construction (EPC) contract, which Mr Ashqar said had now been ap...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Saudi Arabia On Track For 26% Refining Capacity Hike This Year
...zan n/a 400 2017 End-2017 Total 3,300 *All JVS Are With Aramco. ^First 200,000 B/D Cdu Started Sep 2013, Second Due To Start Up Mid-2014. Source: Saudi Aramco, ME...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Asian Buyers Influence Key Oil Benchmarks
...teoric growth in US oil output makes exports of US light sweet crude inevitable by 2017, Platts quoted him as saying on 26 February. The debate over potential exports has already begun in Washington but the proposal to open up new markets still faces still opposition from some quarters concerned about en...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014