- Sort by:
- Score
- Published ▼
-
Yemen’s Houthis Revive Threats to Saudi Arabia on Conflict’s Nine-Year Anniversary
...lks and captured the capital Sanaa (MEES, 19 December 2014). But now, nine years later, the battle-hardened Houthis are stronger than ever, having consolidated their positions in Yemen and secured more Iranian backing. As Saudi Arabia has sought to extricate itself from Yemen’s conflict and thaw re...
Volume: 67Issue: 13Published at Fri, 29 Mar 2024 -
Opec Revenues Fall By $160bn In 2023
...op, revenues were still the second highest on an annual basis since 2014. Last year saw the market stabilize following the disruption caused by Russia’s early-2022 invasion of Ukraine. Russian supply proved robust, US output boomed, and demand growth was historically strong at more than 2mn b/d. But su...
Volume: 67Issue: 13Published at Fri, 29 Mar 2024 -
Iraq’s Akkas & Mansuriya Fields: Back On Offer
...railed by the rise of the Islamic State (IS)terrorist group (MEES, 25 October 2010). Both are located in areas that were either occupied or threatened by IS in 2014 (see map), and firms continue to cite security concerns at the sites. Nevertheless, Oil Minister Hayan Abdulghani says Akkas and Ma...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Egypt’s Cheiron & Kufpec Eye 25,000 B/D Gulf Of Suez Boost
...erall production edged up from 2021’s multi decade low to 568,000 b/d for 2022 (MEES, 3 March), Gulf of Suez output fell again to just 122,000 b/d, the lowest in over a decade. If GNN ramps up as planned this could potentially raise Gulf of Suez output back to 2014 levels of 143,000 b/d. Cheiron op...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Baghdad & Erbil Locked In Standoff As Oil Exports To Ceyhan Come To Complete Halt
...ound 500,000 b/d of crude oil from northern Iraq to its export terminal at Ceyhan following a long-awaited ruling by the Paris-based International Chamber of Commerce (ICC) on the case filed by Iraq in 2014 against Turkey for facilitating Iraqi Kurdistan’s independent oil exports. Turkey’s swift re...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Libya’s Mabruk: ‘2023 Restart’
...Operator TotalEnergies says its Mabruk field in Libya’s Sirte Basin oil heartland “is expected to restart its production in 2023.” The field on blocks 70 and 87 has been shut in since December 2014 when it was overrun by Islamic State-affiliated militants with the surface facilities su...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Algeria’s Sonatrach Halves Planned 2020 Spending
...ss cash to spend. This is truer this time around than the 2014 oil price crash when Algeria had a record $195bn in foreign reserves saved for a rainy day (MEES, 7 February). Algeria has been rapidly drawing this down as if recent years were as bad as things could get – by the end of 2019 reserves we...
Volume: 63Issue: 13Published at Fri, 27 Mar 2020 -
Israeli-Arab Relations Under The Spotlight As Leviathan Start-Up Nears
...More than $17bn-worth of gas sales deals have been signed since 2014 to supply Israeli gas to Jordan and Egypt despite sporadic public disapproval, primarily in Jordan. Crunch time is fast approaching with the 22tcf Leviathan field due online by year’s end. Israel’s relations with Egypt ha...
Volume: 62Issue: 13Published at Fri, 29 Mar 2019 -
Libya’s 2019 Budget: Fact or Fiction?
...y new hires since 2014 – when it came into being – it also funds the Libyan National Army (LNA), which has been busy in recent months adding swathes of territory to its control (MEES, 22 March). To cover its running costs, the eastern ‘government’ has sold $23bn in bonds since 2014 (purchased by it...
Volume: 62Issue: 13Published at Fri, 29 Mar 2019 -
Oman: Struggling To Cope With Too Much Gas?
...n-Feb18 vs 17 Jan-Feb17 2017 vs 16 2016 2015 2014 20...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Gaza Gas: Still Under Water
...t alone any revenue from any additional gas sales (MEES, 30 May 2014). But today, amidst a seemingly endless security crisis, development at Gaza Marine is a political risk that trumps a crack at a relatively modest upside. GAZA MARINE FIELD, SURROUNDING GAS INFRASTRUCTURE TALKS WI...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
LNG: Mideast Producers Lose Share Amid Record Global Trade
...om 84% in 2014 to 51% for 2017. • Australia is on the point of overtaking Qatar for the title of ‘world’s top LNG supplier’. The (delayed) Q2 start up of the 8.9mn t/y Icthyus liquefaction plant off Australia’s northern coast should be enough to make Australia top, though Qatar’s plans to add th...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Iran Looks To Europe As Trump Fears Threaten Embattled Economy
...ump from the second half of 2014 then hurt Iran further, with oil revenues bottoming out at $27bn in 2015 before rising to an estimated $59bn last year. For any re-imposition of US sanctions to hit Iran where it hurts, in the pocket, it’s going to need to be coupled with cooperation from foreign pa...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Israel’s Gasoline Thirst Pushes Oil Products Consumption To 5-Year High
...tput exceeded demand by 46,500 b/d in 2017, down on the previous year’s 58,300 b/d and less than half of 2014’s 95,300 b/d. Bazan says 67% of its refined products are sold on the domestic market while 33% is sold to mainly Turkey and Cyprus which took 31% and 24% respectively of exports in 2017. These pr...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Israeli Gas Development: Can The Domestic Power Market Absorb It?
...soil consumption falling to around 10,000 b/d (1% of demand) since 2014 (see chart, and data, p9). But perhaps the best chance of Noble snagging additional domestic gas customers is from industrial end users. Here demand has been limited by supply with a number of gas-fired industrial projects po...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Gulf Bonds In 2018 Another Bumper Year?
...sued in primary market deals in 2017; until 2014, the biggest buyers of Middle Eastern bonds were the local banks buying mainly for their asset and liability management (ALM) books, with almost 80% of the bonds issued being held by local banks’ ALM books, small family offices and local private bank cl...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Egypt: Key West Nile Delta Project Set For Start-Up
...r field (see box) and the rapid ramp-up in output at Eni/BP’s Nooros in the shallow waters of the Nile Delta to 875mn cfd within six months of July 2016 start up, should boost Egyptian gas production over 5bn cfd by Q3 for the first time since January 2014. February output was 4.41bn cfd (MEES, 24 Ma...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Algeria Keeps Oil Spending Flat, Extends Exploration Search Offshore
...wnstream are added in, the total spending program comes out at about $75bn. Sonatrach’s headline figure for its 2016-20 five-year plan was $73bn, but for 2015-19 it was $90bn and for 2014-18 it was $100bn (MEES, 17 February). Sonatrach upstream VP Salah Meknouche made the most of what was essentially a sp...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Ta-Ta Taq Taq: Demise of Key Kurdish Field Weighs On KRG Exports
...15 2014 Tawke 110.0 2.7 107.3 135.2 91 Taq Ta...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Kuwait Refinery Shuts, New Capacity Delayed, Crude Exports To Rise
...na Abdullah EPC contract it is undertaking with Samsung Engineering and CB&I (MEES, 14 February 2014) will not be complete until the very end of 2018. Both the CFP and Al-Zour projects were held back for many years by disputes between government and parliament. The award of construction contracts ca...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017