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Egypt Gas & Oil Output Continues Decline In 2025
...w output (MEES, 7 March). *Decline from the country’s number three gas province, the onshore Nile Delta, has been severe, falling to just 332mn cfd for January, the lowest since mid-2014 and a far cry from the record 1.378bn cfd posted in August 2017. A key producer here is UAE firm Dana Ga...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
Equinor Cools On Algeria
...e move as better for the environment, but it can also be seen as a recognition that In Amenas output will never regain the record 815mn cfd and 51,500 b/d hit in 2017. The 2017 boost came thanks to the start-up of a $700mn compression project in late 2016. Output has since resumed a downward tr...
Volume: 66Issue: 12Published at Fri, 24 Mar 2023 -
Saudi Aramco Plans 50% Gas Output Boost By 2030
...d in 2021, including a single-day output record of 10.8bn cfd. The previous records of 9.03bn cfd and 10.7bn cfd respectively had been set in 2020, and the 170mn cfd year-on-year increase was the fastest annual increase since 2017. Sales gas output has now increased for 15 consecutive years (see ch...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Algeria Smashes Gas Output Record For 2021, Can It Keep It Up?
...tput records of 94.8bcm and 94.5bcm set in 2016 and 2017, but also breached the 100bcm mark for the first time with production rising 17% to 102.8bcm (9.94bn cfd), according to official Algerian submissions to Jodi (see chart 1). Output continued to roar in January, hitting 9.7bcm – just 0.4bcm shy of...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Iran Awards Phase 2 Of South Pars Oil Field Development
...talEnergies. South Pars itself is the world’s largest gas field including the Qatari ‘North Dome’ portion. Discovered in 1992, SPOL Phase-1 production began in 2017 (MEES, 24 March 2017) with Iran targeting capacity of 35,000 b/d of 21° API crude oil. Out of nine wells planned in section A2 of the field (se...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Aramco Focuses Investment On Offshore And Gas
...gnificant milestone has been achieved with the commissioning of additional surface processing facilities that include four satellite facilities and associated well sites. Total North Arabia processing capacity is now 400mn cfd the firm says. The Turaif project started up in 2017 with initial sales gas ou...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Oman Eyes Headline Projects To Move Up Oil & Gas Value Chain
...har refinery to 197,000 b/d (MEES, 17 February 2017). The plan also solves another of MOG’s main concerns: What to do with all its newly discovered gas? State-led Petroleum Development Oman (PDO; Oman 60%, Shell 34%, Total 4%, Partex 2%) announced the discovery of the (at least) 4.5tcf Mabrouk NE fi...
Volume: 62Issue: 12Published at Fri, 22 Mar 2019 -
Israel Firm Eyes Groundbreaking Egypt Upstream Entry
...0,000 barrels of oil storage capacity: enough for Phase-2 tie-back of output from 1.2tcf Tanin field 40km away should additional sales deals be secured. The Greek firm was also awarded five blocks (12, 21, 22, 23, 31) following 2017 bidding, that fall to the south and southwest of Karish, adjacent to...
Volume: 62Issue: 12Published at Fri, 22 Mar 2019 -
Egypt Awards Fertilizer EPC
...p during 2013-16 that saw fertilizer plants shut down because of a lack of gas feedstock. They only began receiving full allocations of gas again in early 2017 (MEES, 19 May 2017). El Nasr currently operates one gas-fueled fertilizer plant at Suez, with capacity to produce 132,000 t/y ammonia, 20...
Volume: 62Issue: 12Published at Fri, 22 Mar 2019 -
Algeria Struggles To Maintain Gas Output Amid Project Delays
...les gas output hit 94.5bcm for 2017, only just behind 2016’s record 94.8bcm (MEES, 2 March). But gross wellhead output has actually been in decline since the start of the decade: falling from 146bcm (of which 42% reinjected) in 2010 to 128.5bcm (of which 26% reinjected) in 2016 (see chart). Though gr...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Qatar Presses Ahead With Major LNG Expansion
...ES, 8 December 2017). When the initial expansion was announced in April, and then doubled in July (MEES, 7 July 2017), QP was contemplating securing gains through a mix of debottlenecking existing facilities and constructing new LNG trains. However, the finalized plan relies entirely on new fa...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Abu Dhabi Fills Up Two Largest Post-Adma Concessions As Total, CNPC Dive In Offshore
...its official press release title the “strengthening ties with world’s number one oil importing country.” This was the same rationale behind last year’s deal with CNPC and controversial fellow state-firm CEFC for a combined 13% of Adnoc Onshore (MEES, 24 February 2017). CHINA VOLUMES SI...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
East Med Deepwater Exploration: In Search Of ‘More Zohr’
...ey reviewed the seismic with the new Zohr concept in mind and liked what they saw. Eni, in its latest annual report, released 22 March, reiterates that it expects first gas from Zohr before the end of 2017. Output is set to reach the Phase 1 plateau of 1.2bn cfd by March/April next year, ramping up...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Aramco IPO Valuation: The Devil Is In The Detail
...the Saudi state’s need to balance its budget that has been running at a deficit due to the slump in oil prices since mid-2014. The country’s 2017 budget projects a sizeable SR198bn ($53bn) deficit, albeit down by a third from 2016 (MEES, 6 January), with ratings agency Fitch this week downgrading Sa...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Eni Greenlights Egypt’s Zohr
...cision] only 6 months after discovery, a remarkable result, and we are well on track to start production by the end of 2017,” Eni CEO Claudio Descalzi said during the firm’s 18 March presentation of its “2016-19 Strategy.” The field, only discovered in August 2015, has rapidly become a key element of th...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Libya: Competing Power Bases Threaten To Tear NOC Apart
...ve fallen behind schedule. In Eni’s 2015-18 strategy presentation, published on 13 March, it said that it planned to commission Phase-2 development of the 800mn cfd Bahr Essalam field in the second half of 2017. This has slipped by almost two years. In early 2013, with front-end engineering and de...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Kurdish Oil Output Edges Up But Cash Still Tight
....04mn, which would keep the company afloat but leaves it exposed should holders of $250mn in notes refuse to agree to a proposed change to the terms of the 13% bonds maturing in 2017. DEBTS STILL HIGH The company asked holders of the notes last week to agree to changes to the Trust Deed because it...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Shell Awards Majnoon Oil Deal, Gas Still A Problem
...8mn b/d by 2017. Shell has not yet completed renegotiations with the oil ministry on a lowered plateau. It is understood to favor 1mn b/d while the ministry is proposing 1.2mn b/d. Embarrassing Flares Shell, in its 2013 results, says rising Majnoon output led to a rise in the amount of natural gas be...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
ADNOC Recommends Shell For 1Bn CFD Bab Gas Field
...ants – one operating and one under construction – with no other plants planned, suggesting that Abu Dhabi has shelved its target of 7% of power to come from renewables by 2020. The 5.6gw of nuclear capacity planned to ramp up between 2017-20 will, however, displace about 840mn cfd of gas de...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013