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Iraq & Total Reach Initial Deal On $7bn Of Projects
...ogress. Still, Total should fare better than US firms with any such administration, especially as it has proven willing to work with Iran through signing up to develop Iran’s South Pars Phase 11 project in 2017 (MEES, 7 July 2017), even if ultimately it withdrew in 2018 due to US sanctions (MEES, 24 Au...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Exxon Plans 2021 East Med Drilling
...so plans to keep the purse strings tight this year (MEES, 5 February). But this has not stopped it following through on East Mediterranean expansion. The major only entered the region in early 2017 when it snagged Cyprus’ Block 10 in partnership with Qatar Petroleum (Exxon 60%op, QP 40%: MEES, 24 Ma...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
BP Write Offs: $2.3bn For Mauritania/Senegal, $950mn For Egypt
...BP’s recently-released 2020 report reveals that the major last year wrote off $2.26bn on its gas assets off Mauritania and Senegal as well as $952mn for Egypt. The Egypt figure appears to relate to the major’s share of the $12bn West Nile Delta project where output since 2017 start-up has ma...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Qatar Petroleum Moves To Take Full Ownership Of LNG Facilities
...monstrated at the height of tensions with neighboring Saudi Arabia and UAE after they imposed an economic embargo on Qatar in June 2017 which lasted until the beginning of this year (MEES, 8 January). Deep commercial ties with major US and European IOCs undoubtedly bolstered Qatar’s position with western go...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Long Delayed Barzan Gas Project Starts Up
...panese firms – Idemitsu, Cosmo, Mitsui, and Marubeni (see map, main story). The most recent cause for delays was down to problems with pipelines linking the offshore wells to the onshore processing facilities. QP CEO Saad al-Kaabi said in 2017 “It’s delayed because we have had issues with the pi...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021