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Saudi Aramco Plans 50% Gas Output Boost By 2030
...IMBS AT FASTEST RATE SINCE 2017 (BN CFD) *CONVERTED FROM BTU TO CFD UNTIL 2011. SOURCE: SAUDI ARAMCO, MEES. 2: SAUDI ARABIA OIL BURN* PEAKED WELL BELOW 2020 LEVELS LAST YEAR, BUT STILL TOPPED 1MN B/D OVER SUMMER (‘000 B/D) *CRUDE PLUS FUEL OIL CONSUMPTION. PRESUMES ALL FUEL OI...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Aramco's 2020 Capex Cuts Push Back Key Upstream Project Timelines
...ojects, which had been planned to come online last year, are slated to provide 175,000 b/d production capacity. SAUDI ARABIA SALES GAS* OUTPUT HAS BEEN CONSISTENTLY CLIMBING YEAR-ON-YEAR (BN CFD) *CONVERTED FROM BTU TO CFD UNTIL 2011. SOURCE: SAUDI ARAMCO, MEES. GAS: TANAJIB SE...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Algeria Struggles To Maintain Gas Output Amid Project Delays
...ntract.’ Its expiry in 2011 saw BHP quit Algeria and Sonatrach take over as operator. The latest figures imply that by the 2020 start-up of the Tinhert fields, Ohanet output is expected to be just 5mn m³/day (175mn cfd, 1.8bcm/y). This is borne out by the most recent available Sonatrach data which pegs Oh...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
East Med Deepwater Exploration: In Search Of ‘More Zohr’
...viathan, discovered December 2010 by US firm Noble Energy, for the title of the East Mediterranean’s largest gas discovery. Leviathan and Noble’s other key East Med deepwater discoveries – Tamar the previous year and Cyprus’ Aphrodite in 2011 – were all of ‘lean’ gas (near 100% methane) in Miocene deep-wa...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Libya: Competing Power Bases Threaten To Tear NOC Apart
...ptember, the House of Representatives voted to sack the chairman of the central bank, Sadiq al-Kabir, claiming that he had blocked the transfer of funds to Baida. Mr Kabir is an experienced international banker who was appointed by the transitional government after the fall of Mu’ammar al-Qadhafi in 2011...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
ENOC In First Step Towards Possible Dragon Takeover
...prices set by the government even as it pays international prices for its imports. Although the UAE raised gasoline prices twice in recent years, it deferred a third price in the wake of the Arab revolutions of 2011, fearful of a backlash. Federal law requires that Enoc and its subsidiary Emirates Pe...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Abu Dhabi Restructures Energy Sector
...erations (ADCO), now administered by ADNOC, following the expiry of the concessions held by foreign partners. His predecessor, Yousuf bin ‘Umair, was chairman and CEO of ADNOC and was known to be close to Shaikh Khalifa. He retired in June 2011 and Mr Suwaidi was appointed Director General and took over Mr ‘Um...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Saudi Arabia Adds Projects To ‘Difficult’ Gas Challenges
...cluding the Ministry of Petroleum and the Ministry of Industry and Trade,” Samir al-Jishi, general manager for strategy and business development at Saudi International Petrochemicals Company said on 19 March. “A decision on this was expected in 2011. This was then postponed to 2012 and then to 20...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Iraq Operators Struggle To Meet Start-Up Schedules
...ke much more oil. Two 850,000 b/d Single Point Mooring (SPM) buoys were brought into service early last year. Iraq managed to export in peak months of July and August 2012 a good 500,000 b/d above 2011’s average of 1.71mn b/d from the south. However, while loading has been taking place from bo...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Attack Heightens KRG Security Fears
...an-Claude Gandur, former owner of Addax Petroleum, took over operatorship of Hawler from Russia’s Norbest in August 2011. It has a 65% stake, with Korea’s KNOC holding 15% and the KRG 20% in the block, which lies just to the west of the KRG capital of Irbil. Oryx has also been one of the firms li...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Yemen Prequalifies Nine Companies Ahead Of Block Awards
...dustry and reverse declining output – a trend seen since the early 2000s. BP estimated Yemen’s 2011 average production at 228,000 b/d, down 24% from the 2010 figure of 301,000 b/d and 50% from 2001’s 455,000 b/d. However, oil sector initiatives have been repeatedly compromised by the still-vo...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013