1. 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: 60
    Issue: 12
    Published at Fri, 24 Mar 2017
  2. Iran LNG Plans Hamstrung By Domestic Demand, Lack Of Foreign Cash

    ...located 32bcm to reinjection in 2014. Of course in 2014 (and 2011, 2012 and 2015) demand for sanctions-hit Iran’s crude was low enough that Iran could afford to slash reinjection and still have enough oil to meet demand. The corollary is that last year as post-sanctions Iran sought to ramp up crude output to...

    Volume: 60
    Issue: 12
    Published at Fri, 24 Mar 2017
  3. Majors In The Middle East: 2016, A Year Of Consolidation

    ...tent of its ultimate stake in the combined asset is unclear.   As for Total’s Middle Eastern gas output, conflict outages in Syria and Yemen mean this is barely half what it was in 2011. And those conflicts are set to continue for the foreseeable future. The primary source of potential additional ga...

    Volume: 60
    Issue: 12
    Published at Fri, 24 Mar 2017
  4. Fitch Downgrades Saudi, Increasing Headwinds For $15bn Bond Plans

    ...reign assets as of end-January falling below SR2 trillion for the first time since October 2011. At $524bn they are 30% below the record $746bn level hit in mid-2014 (MEES, 10 March). The country’s 2017 budget projects a whopping $53bn deficit, albeit down by a third from 2016 (MEES, 6 January). Fi...

    Volume: 60
    Issue: 12
    Published at Fri, 24 Mar 2017