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Eni Plans For Libya Output Drop
...are of overall oil and gas output. The firm reported net oil and gas production in Libya of 270,000 boe/d in 2010, falling to around 230,000 boe/d in 2013-14. But the past three years have seen an increase in Eni's reported net output, to around 350,000 boe/d in 2015-16 and 374,000 boe/d in 2017. It's po...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Reserves At Eni’s Zohr: 30+Tcf?…Just 4? Maybe 6?
...porters who dutifully write up the figures as if they refer to higher-value oil). And it is highly unorthodox that Eni has gone from August 2015 discovery of the “super-giant” Zohr field in the Egyptian deepwater Mediterranean, through the development phase, to first production in December 2017 whilst on...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Global Drilling Returns To 3-Year High In 2018, Mideast Activity Strong
...The rising tide of high oil prices is spurring upstream activity in the Middle East. The region’s rig count averaged 405 in 1Q 2018, just shy of the record 406 posted in 3Q 2017. Brent averaged $67.22/B in the first quarter, against $61.46/B in the final quarter of 2017. Interestingly, th...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Indian Oil Enters Oman
...ckdated to 1 January 2017, the transaction marks Indian Oil’s second splash in the region in less than two months after a consortium including Indian state firms ONGC Videsh and Bharat PetroResources paid a $600mn signing bonus for 10% in Abu Dhabi’s 360,000 b/d Lower Zakum concession in earlier this ye...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Qatar Seeks Greater Foreign Investment In Energy Sector State-Led Firms
...change’s (QSE) investor base and boost liquidity. QSE has taken a substantial hit from the political upheaval since Saudi Arabia, UAE and Bahrain broke off ties with Doha in June 2017. It lost more than 20% of its value between then and end-2017. It has recovered slightly to around 9,000 points, which is st...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Geopolitics Roils Oil Market as Opec seeks Balance
...ncerns. GLOBAL OIL* STOCKS: OPEC, IEA DATA IMPLIES MAJOR DRAWDOWNS IN 2H 2018 *CRUDE + NGLS. SOURCE: IEA, OPEC, MEES. OPEC SUPPLY & DEMAND FORECASTS, APRIL 2018 (MN B/D) 2016 2017 vs'16...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Iraq’s Looming Elections Delay Critical Infrastructure Development
...ich are in good condition, but inadequate onshore infrastructure prohibits these from pumping at full capacity to enable the SPM’s to export a combined 3.6mn b/d. IRAQ: SOUTHERN CRUDE EXPORTS, AT RECORD SINCE LATE 2017, TO OFFSET NORTHERN OUTAGES (MN B/D) SOURCE: SOMO, MEES. IR...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Aramco Strides Towards Global Downstream Transformation
...els and petchems markets. “Investing in India is a key part of our company’s global downstream strategy,” says Aramco chief executive Amin Nasser. The project will enable Aramco to expand beyond its roles as a key crude supplier to India - Saudi Arabia exported 717,000 b/d of crude to India in 2017, al...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
UAE’s Nuclear Power Mirage Slips Further Away
...The UAE’s Federal Authority for Nuclear Regulation (FANR) appears no closer to awarding an operating license for the country’s first nuclear power plant, with slippage to 2019 or beyond looking likely. Construction of the Barakah-1 plant was completed in May 2017, but the unit is still aw...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Iran Unifies Exchange Rate In Last Resort To Halt Plunging Rial
...om $59bn in 2017 to $72bn in 2018. ...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Lebanon: Can Donor Conference Success Right The Ship?
...rkish ‘power ships’ producing around 370 MW from fuel oil, and nix plans to tender another two power ships for 800 MW. A shift from fuel oil toward gas-fired plants would also ease the eventual transition toward domestically produced gas, should offshore exploration efforts pan out (MEES, 15 December 2017...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Crude Official Selling Prices ($/B): Saudi Arabia Raises Key Arab Light To Asia Prices
...*VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE. SAUDI ARABIA LPG ($/T) Propane 480 430 385 385 345 420 480 575 575 590 590 525 48...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Benchmark Crude Prices ($/B)
... 12Apr 2-6 Apr 26-29Mar Mar18 Feb18 Q1 2018 Q4 2017 Q3 2017 2018 (>12Apr) 2017 2016 2015 WTI 67.07 63.10 65.03 62...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018