- 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 -
Basrah Gas Proposals Risk Undermining TotalEnergies Megadeal
...d Zubair fields which were awarded in Iraq’s first licensing round (LR1) in 2009 is now unattainable after their production plateau targets (PPT) were revised down in 2014 (MEES, 5 September 2014). As a result BGC wants to expand the scope of its operations beyond this trio of fields. But de...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Israel Refiners Post Late-2021 Output Rebound
...th Q4’s 87,300 b/d still well shy of capacity. The two plants’ combined gasoline output increased 9% to 67,400 b/d for 2021, although this remains 20% below 2014’s record 84,500 b/d. Diesel – output of which fell by less than that of other transport fuels last year – saw a more modest 4% year on ye...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Oman Oil Output Hits New Heights In Q1 As Revenues Soar
...allenged. Said Bader al-Kharusi, the Executive Director of the North Oil Directorate at the Shell-led, part-state owned Petroleum Development Oman (PDO) stated in late March that the “government aims to benefit from [current] oil and gas prices’ by maximizing production output.” REVENUES SOAR TO 2014 LE...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Qatar Petroleum Moves To Take Full Ownership Of LNG Facilities
...ctor in recent years, especially following Mr Kaabi’s appointment as Managing Director and CEO in 2014 (MEES, 19 September 2014). The state firm has taken a firm stance with IOCs, opting to either tighten contractual terms or take over concessions entirely upon expiry. When Total’s PSA for the 25...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Long Delayed Barzan Gas Project Starts Up
...ExxonMobil confirmed in its recently released 2020 Annual Report that “The Barzan project started up in 2020.” Qatar's $10.3bn, 1.4bn cfd Barzan project (QP 93%, Exxon 7%) development has been a lengthy saga, with start-up ultimately coming six years after its initially planned 2014 date (ME...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Tunisia Oil & Gas: Major Exodus Looms
...er. There have been no major exploration campaigns or projects of late. And if it wasn’t for the need to see Nawara, on which it took FID in 2014, through to start up, there is little reason to believe OMV would still be in Tunisia. Instead, would it not be better to have smaller but more en...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
India Crude Imports: Saudi Slumps To No.5 With Volumes At 10-Year Low
...arterly figure in a decade or more is the Middle East share of the Indian market. This fell to 54.4% for February, the lowest monthly figure since 2015. January was only just higher at 54.7%. The lowest quarterly figure in the last 10 years was 56.0% for Q3 2014. For Opec the drop off is even more se...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
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