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QatarEnergy’s Overseas Strategy Enters Pivotal Phase
...d MEES calculates that QatarEnergy’s net output last year was 13,235 boe/d (primarily oil). QatarEnergy also nets around 9,000 boe/d from the Shell-operated Parque das Conchas license in Brazil. It has been present at the development since 2014. There are also modest volumes of approximately 2,...
Volume: 66Issue: 16Published at Fri, 21 Apr 2023 -
Low-Cost Middle East Reserves Aid IOCs In Price Slump
...wn since the previous oil price slump began in 2014. Production costs for all six peaked in 2014, with the exception of BP, where the peak was slightly earlier in 2013. BP and Total have had the most success in bringing down per barrel costs, which last year were nearly 50% lower than their peak. Ch...
Volume: 63Issue: 16Published at Fri, 17 Apr 2020 -
Total And Sonatrach Bury Hatchet As Algiers Pushes Partnerships Agenda
...natrach… it’s business,” Mr Pouyanné said last year. Sonatrach retaliated by launching a counter-claim at the same court that Total had not honored its contractual commitments regarding the 4 bcm/y (390mn cfd) Ahnet tight gas concession, also in Algeria’s Saharan southwest, from which it pulled out in 2014...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Eni: Unlikely Libya Boost Returns North Africa To Center Stage
...0,000 b/d in 2014. This, and concerns over payments, led partner Occidental (23.44%) to announce its intention to sell its stake in November 2015. Eni’s 19,000 b/d output gain in Iraq in 2015 was outpaced by a 21,000 b/d boost in Iran where the company receives oil in lieu of payment for pre-2011 in...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Corporate Profile: OMV Looks To Iran To Re-Boot MENA Portfolio
...s) out to 2020 despite taking a further ax to exploration spending. 2015 spending of €607mn on exploration was already down by 12% on 2014’s record €693mn. OMV plans a 26% cut to €450mn this year with a further 33% cut to €300mn for 2017 (and this figure maintained for 2018). Overall capex fell from €3....
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Keystone Says KRG Investment Awaits Payment
...,000 b/d it hit in late 2014. ‘MODUS OPERANDI’ NEEDED “Our firm commitment is to move from 40,000 b/d to 70,000 b/d and ultimately to 100,000 b/d. [But] The only way to achieve this will be to find a modus operandi that will enable the Company to be paid for past and future oil sales on a regular ba...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Chevron Taps MENA For Output Boost
...d appraisal in 2014 with the focus on Iraqi Kurdistan, Morocco and Australia. The US major’s overall production has edged lower in each of the last three years, dipping below 2.6mn boe/d for 2013. This is less than 2% of total global output, Christopher Bradley, UAE Country Chairman for the fi...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Qatar Tiptoes Into North American Upstream
...ns/year, is a joint venture between QP (70%) and ExxonMobil (30%). Among other projects, ExxonMobil has a 7% stake in QP’s 1.4bn cfd Barzan gas project, which is set to come online in 2014. In a joint statement, Centrica and QPI said that CQ Energy Canada Partnership (Centrica 60%, QPI 40...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013