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Qatar Sees Buoyant LNG Demand Outlook As It Sanctions Further Expansion
...ture LNG demand define Qatar’s approach to its expansion plans. Speaking to MEES back in 2017, Mr Kaabi justified going “full steam ahead” with LNG because “we believe so much in the demand potential for gas…This is the cleanest fossil fuel available for mankind. It is going to remain for a very long ti...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024 -
Egypt Eyes More Gulf Cash After $35bn Lifeline UAE Mega-Deal
...ed for cash, this could prove politically sensitive given that Ras Gamila lies directly across from the uninhabited Red Sea islands of Tiran and Sanafir, which Egypt handed over to Saudi Arabia in 2017. The unpopular move was considered by many at the time as ceding sovereignty to Riyadh (MEES, 4 Au...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024 -
Mena’s No.1 Producer Total Doubles Down On UAE Presence
...a a 16km pipeline. Exports peaked at 27,000 b/d in 2020 according to data intelligence firm Kpler, but slumped to just 18,000 b/d in 2022. This was the lowest annual figure since the Hail field was brought online in November 2017 (MEES, 16 February 2018). Total’s net output from the asset will be ba...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Eni Cements Role As Algeria’s Key Foreign Partner With BP Purchase
...ENAS & IN SALAH GAS PROJECTS PRODUCED 540MN CFD EACH FOR 2022 WITH BOTH WELL DOWN ON 2017-18 LEVELS (MN CFD) ON A NET BASIS ENI (BP) AND FOREIGN PARTNER EQUINOR RECEIVE AND GAS FROM IN SALAH (BP/ENI 179MN CFD, EQUINOR 172MN CFD FOR 2022) AND LIQUIDS ONLY FROM IN AMENAS (15,700 B/D EACH FOR 20...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Iraq-KRG Oil Talks Resume But Wide Differences Remain
...oup, the firm gave up a 60% stake in June 2017 to Russian state-firm Rosneft (MEES, 16 June 2017) which brought capacity to the current 950,000 b/d. Although typically only around half of this is being utilised (see chart). Moving ownership from Kar and Rosneft to INOC in the future would be pr...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Oxy Eyes New Algeria Contract In 2022
...tober 2017). Though other US firms such as ExxonMobil and Chevron have shown interest in recent years, there has been no real movement on development. Could Oxy be the first?...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Mauritania: No More Exploration?
...pired at the end of 2021. A fourth BP/Kosmos exploration block, C6, expired in 2020. Of the three relinquished and to-be-relinquished blocks, only C12 has seen an exploration well – 2017’s Lamantin-1 which unsuccessfully targeted oil (MEES, 15 December 2017). As for other deepwater blocks, for now Ex...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Abu Dhabi Gas Use Drops As Nuclear Meets Record Demand
...nsumed less gas than in any year since 2014 (see chart 3). Gas consumption peaked at 2.35bn cfd in 2017, but has since been steadily falling down to 2.21bn cfd last year. Ewec expects demand to continue rising in the coming years – first to 16.81GW this year, then above 17GW in 2023, before hitting 20...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Repsol & Shell Leave Morocco; Repsol Quits Iraqi Kurdistan
...as Covid hit) fuel Morocco’s two gas-fired power plants (MEES, 5 June 2020). The exit of Repsol and Shell leaves the only sizable players in Morocco as Eni, which has the shallow water Tarfaya permit off the south of the country (MEES, 22 December 2017), and ConocoPhillips which signed up for th...
Volume: 64Issue: 09Published at Fri, 05 Mar 2021 -
Lebanon Nears Gas Exploration Kickoff
...ta and are on track to spud Lebanon’s first offshore exploration well in Block 4 in November or December, MEES learns. The consortium, awarded exploration Blocks 4 and 9 in late 2017 as part of Lebanon’s first bid-round (MEES, 15 December 2017), will then head directly to southern Block 9 to drill a se...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Mauritania: Bullish Kosmos Eyes Second Major Entry; Is It Downplaying The Risks?
...elude off northern Australia is currently more than two years behind schedule with no sign of imminent start up (MEES, 22 February). This leaves only two 1.2mn t/y FLNG vessels currently-operational. The first, in Malaysia, started up in 2017. The second, Cameroon LNG, operated by Golar LNG, started up...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Oman: Oxy Inks Block 72 Deal
...able data by 2Q 2020, after which it will embark on a drilling campaign. The signing is but another move as Oxy rapidly acquires Omani acreage: it was also recently awarded two other blocks - 51 and 65 - as part of Oman’s 2017 licensing round taking its total Omani assets to eight. Oman will prove a vi...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Adnoc Advances Infrastructure Revamp With Storage, Pipeline Deals
...ores up to 6.29mn barrels at Kiire (MEES, 27 January 2017). UAE OIL & GAS INFRASTRUCTURE PIPELINE INVESTMENT PROJECT Shortly before the storage announcement, Adnoc confirmed that a deal had been reached to lease 18 crude oil and condensate pipelines to US investors Bl...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Saudi Arabia Russia In Battle For Supremacy In China
...Saudi Arabia and Russia are increasingly cooperating in the energy sphere, having come together through the onset of Opec/Non-Opec production cuts since January 2017. But when it comes to the lucrative Chinese oil market, the two are engaged in a fierce battle for market share. China looks se...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Algeria Completes Refinery Expansion, Looks Overseas For Further Gains
...halt “a litigation that was detrimental to both parties” (MEES, 9 June 2017). The work was re-awarded to Chinese state firm CPECC for AD45bn ($408mn at the time) in late 2016 (MEES, 11 November 2016). Completion of the project takes Algeria’s crude processing capacity to 559,000 b/d, or 72...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Egypt Set To Miss 2022 Transport Fuel Self-Sufficiency Target
...ypt’s reliance on products imports. The focus of upgrades is on increasing output of the two key transport fuels, diesel and gasoline. For both, Egypt was reliant on imports to meet 46% of 2018 demand. This figure is actually an improvement on record levels of over 50% seen in 2016 and 2017. Ho...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Masdar: Abu Dhabi’s Flagship Renewables Firm With A Global Footprint
...heduled for start-up in April 2020 (MEES, 24 March 2017). Among Masdar’s international projects are two of the world’s largest offshore wind farms, the UK’s London Array and Dudgeon. In the Hywind wind farm offshore Scotland, Norway’s Equinor and Masdar have installed the world’s first battery storage fa...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Aramco 100k B/D Upgrading Feed
...pacity Rabigh refinery on the Saudi Red Sea coast produced just over 100,000 b/d of fuel oil in 2016 and 2017. In a filing to the Saudi Stock Exchange (Tadawul) on 27 February, Petro Rabigh – which is owned 37.5% each by Aramco and Sumitomo with the remaining 25% of shares traded on Tadawul – in...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Kuwait Set For First LNG Imports Of The Year
...Sahla LNG tanker docked alongside it on 26 February, carrying Kuwait’s first LNG supplies of the year. Al Sahla had not unloaded by the time MEES went to press, so no imports will be registered for February. Final figures are not yet out, but imports last year will have exceeded 2017’s record 3....
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Mubadala Ties Up Thailand Contract
...und. It also operates the adjacent Andaman I, and has a non-operating stake at Andaman II. Mubadala reports current net output of 360,000 boe/d from its portfolio, up from 320,000 boe/d in 2017. The boost was largely due to its acquisition of 10% at Egypt’s Zohr in March 2018 (MEES, 20 April 2018). ...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019