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Shell Sells Egypt Western Desert Assets To Cairn & Local Firm Cheiron
...ploration, with Shell and Apache securing a deal that would have paid them $4.60/mn BTU for shale gas production from the acreage (MEES, 19 December 2014). This compares to the $2.65/mn BTU paid for all current onshore gas output, including that of Shell. The three exploration blocks – South East Horus, We...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021 -
Egypt LNG Exports At 9-Year High Amid Seasonal Buying Bonanza
...rst made these claims at the start of 2014 they were somewhat spurious: MEES number-crunching at the time showed that, whilst Cairo had indeed diverted gas to the domestic market, output decline was the primary reason for BG’s failure to meet export commitments (MEES, 7 February 2014). With WDDM ou...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021 -
Saudi Deficit More Than Doubles To $78bn For 2020
...udi Arabia, bringing the cumulative deficit since 2014 to $437bn. Ministry projections point to continued deficits out to at least 2023, which would take the cumulative total to $502bn. This year’s deficit is at least projected to fall back closer to 2019 levels at $37.6bn. This is primarily pr...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021