1. Algeria Struggles To Maintain Gas Output Amid Project Delays

    ...spective IOCs. All are delayed. As for Tinhert, which Sonatrach listed in 2014 as a 2016 start-up and in 2015 as January 2018 (MEES, 29 May 2015), Sonatrach is keen to gain the credit for developing a seemingly large project of its own volition. But, whilst the headline numbers look big, it is de...

    Volume: 61
    Issue: 12
    Published at Fri, 23 Mar 2018
  2. Shell Recommits To Egypt With Plans To Double Offshore Output

    ...ute domestic gas shortage, Cairo in 2013 begun diverting increased volumes of WDDM output to the domestic market. This left next to no gas for BG to export. BG declared force majeure on LNG sales in early 2014, writing off over $1bn in revenue for 2013 (MEES, 31 January 2013). It exported just one LNG ca...

    Volume: 61
    Issue: 12
    Published at Fri, 23 Mar 2018
  3. Oman Looks To Foreign Firms and Downstream To Combat Economic Woes

    ...ucial if Muscat is to right the ship. The Omani economy is under pressure, and the lack of diversification ties its fate almost entirely to the price of oil. Struggling to balance its budget in the best of times, when the oil price crashed in 2014 the Sultanate’s debt ballooned. It racked up some $25...

    Volume: 61
    Issue: 12
    Published at Fri, 23 Mar 2018