- Sort by:
- Score
- Published ▼
-
Oman State Upstream Firm Targets 2025 Growth Via Acquisitions & Upgrades
...cond onshore block OQEP operates after Block 60. OQEP signed an exploration and production sharing agreement for Block 60 back in 2011. By 2014 it brought online the Abu Tabul tight gas field (MEES, 23 January 2015) where output averaged 20.1mn cfd for 1H 2024. This was followed by the discovery of the Bi...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt Eyes Takers For Undeveloped Offshore Gas Finds
...24). The Satis-1 Oligocene discovery was drilled in 2008 to a total depth of 5,883ms with Satis-3 drilled to a total depth of 6,592ms the following year. The block also contains the 2011 Salmon-1 Pliocene discovery which was drilled to a total depth of 1,632ms. The block has 1.1tcf of gas in place, EUG sa...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
‘It’s A Beautiful Asset’: Chevron Talks-Up East Med Expansion Plans
...rect Israel-Egypt pipeline, this one a 600mn cfd onshore route linking Israel’s southern gas network with the Egyptian Sinai via the border crossing of Nitzana. APHRODITE BECKONS As for the potential for long-stalled development of Cyprus’ 2011 Aphrodite discovery, all eyes are now on an...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Egypt Gas Output Slump Means Lower LNG Exports Despite Record Israeli Flows
...lumes of 1.27mn tons (0.56mn tons Idku, 0.71mn tons Damietta) are the highest for the first two months of the year since 2011 – spot LNG prices have eased considerably in recent months (see p20), reducing the LNG revenue bounty for Egypt’s stretched economy (MEES, 24 February). 1: EGYPT GAS OU...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Asian LNG Prices Dip As Europe Outcompetes For Spot Cargoes
...pan and India, the latest import data for January indicates that both had already sharply curbed imports rather than compete for top-of-the-market spot supplies. Japan’s January import volume of 6.79mn tons was the lowest for the month since 2011. The average price paid for January dipped from De...
Volume: 65Issue: 11Published at Fri, 18 Mar 2022 -
Egypt Upstream Spending Slashed With Oil Price ‘Disaster’
...,700 b/d for 2020, the lowest since 2011. And, with a total halt to drilling, a further sharp fall in 2021 is all but inevitable. Plans for 16 wells in Egypt in 2020 have been slashed to just one development well which had “already spudded prior to the price disruption.” Exploration spending, including the fo...
Volume: 63Issue: 11Published at Fri, 13 Mar 2020 -
Libya’s Oil Continues Its Fall
...west since the 2011 revolution (MEES, 6 March). Mr Haftar is attempting to starve the Tripoli-based government of vital oil revenues in support of his war to take over the capital (MEES, 14 February). The blockade of five eastern oil terminals has brought production from the key Sirte basin fields do...
Volume: 63Issue: 11Published at Fri, 13 Mar 2020 -
Egypt Close To Tapping Aphrodite
...Egypt’s parliament this week passed a law approving the construction of a pipeline from Cyprus’ economic waters, clearing the path for the development of the Mediterranean island’s 4.2tcf December 2011 Aphrodite discovery. MEES understands operator Noble Energy is close to concluding a de...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Egypt Launches Red Sea Bidding
...l in 1908 and source of 239,000 b/d of 2018 output. Most recently US firm Hess drilled a dry well in April 2011 on the Cherry prospect in 700ms water depth on its North Red Sea block which includes acreage in new Blocks 1, 2 and 3. At the time Hess said it was targeting “a potential extension of Gu...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Shell Boosts Egypt Gas Output, Retains LNG Force Majeure
...gas (2.45bcm) for 2018, a five-year high. This is little more than a quarter of 2011 volumes, Shell Egypt country manager Gasser Hanter told MEES in Cairo in February that the firm expects to export 30 LNG cargoes in 2019 after exporting 22 in 2018. SHELL NET EGYPT GAS OUTPUT ROSE LAST YEAR FO...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Lebanon Power Overhaul Gathers Pace
...e table 1) are crucial to boosting growth from the average 1.6% annual GDP growth since 2011. With the world’s third-highest debt-to-GDP ratio (150%), the government is otherwise broke and unable to break the low-investment low-growth cycle that has long plagued it, especially since the 2011 ou...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Eni Swoops For Abu Dhabi Offshore, Sells Mubadala 10% Of Egypt’s Zohr
...quisitions annually to 2025 and that it’s targeting the Middle East’s burgeoning demand. ENI’S MIDDLE EAST PUSH Eni’s traditional stomping ground has been the Mediterranean and North Africa. Within the Mena region, North Africa provided Eni with 233,000 b/d net output in 2017, the lowest since 2011’s 20...
Volume: 61Issue: 11Published at Fri, 16 Mar 2018 -
Sudan’s Upstream Oil & Energy Sector: Investors Sought But IOCs Remain Cautious
...ABILIZED AFTER SOUTH SUDAN’S 2011 SECESSION BUT HAS DWINDLED SINCE 2015 ('000 B/D) *TO MID-MARCH. SOURCE: IEA, BP, MEES. Last year saw the easing of wide-ranging western sanctions after 20 years. Their key legacy is that the country’s upstream (and that of South Sudan) is dominated by st...
Volume: 61Issue: 11Published at Fri, 16 Mar 2018 -
Lebanon Looks To Put Fiscal House In Order
...With the world’s third highest debt-to-GDP ratio and annual growth averaging just 1.7% since 2011, the Lebanese economy needs crucial assistance. Saad Hariri’s government aims to cut this year’s deficit and upcoming donor conferences may help. But can efforts overcome the structural issues im...
Volume: 61Issue: 11Published at Fri, 16 Mar 2018 -
Libya’s East-West Divide Flares Up Amid Oil Port Fighting
...would prefer a man with an iron fist and a promise to keep a grip on emigration to indefinite instability or an Islamist leaning democracy. Mr Haftar has a long history with the US, having been given refuge there for two decades before his return to Libya in 2011. But he is vilified by opponents in...
Volume: 60Issue: 11Published at Fri, 17 Mar 2017 -
Production Curbs Help Market Inch Towards Balance
...ply some 160,000 b/d stockbuild last month (4.48mn barrels). Saudi crude stocks fell 52.9mn barrels last year, from a record 325.5mn to 272.6mn, the lowest since 2011. 3: BRAZIL CRUDE OUTPUT (MN B/D): JANUARY WAS SECOND ONLY TO DECEMBER AS THE HIGHEST ON RECORD 4: OMAN OIL* OUTPUT (‘00...
Volume: 60Issue: 11Published at Fri, 17 Mar 2017 -
KRG Pipeline Politics: Ankara-Baghdad Balancing Act Looks Increasingly Perilous
...G to its Turkish political connections. Former BP chief Tony Hayward, appointed as Genel chairman in 2011 when the firm listed in London, said about plans to export Kurdish gas to Turkey in the firm’s 2015 results on 3 March, Turkey’s strategy is “to try to create some semblance of stability al...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Saudi Draws Down Stocks, Boosting Exports, Runs To Near Record Levels
...nthly drawdown since May 2011. This enabled crude exports to rise to 7.84mn b/d, the second highest level ever after the record 7.90mn b/d set last March, latest data from the Riyadh-based Joint Organizations Data Initiative (Jodi) indicate (see graph 1 and below for full data). • Not only were cr...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Turkey’s Tüpraş Racks Up Profits, Maxes Output As Runs Of Iraqi Crude Double
...14 2010 2011 2012 2013 2014 2015 '000 b/d % Crude Throughputs 393 42...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Egypt Devalues Currency: Will It Bring Stability?
...serves. Egypt has received massive external support from GCC monarchies since President Sisi took power in mid-2013. But with Gulf states themselves facing stretched finances such inflows are likely to slow this year. Egypt’s external debt has risen by $13.2bn to $48.1bn since the country’s 2011 re...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016