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  1. Algeria: Touat Nears Start-Up

    ...d the last to start up. Repsol’s 2.7bcm/y Reggane saw first gas at end-2017 (MEES, 22 December 2017) and Total’s 1.8bcm/y Timimoun in February (MEES, 2 March). Delays at Touat have likely put paid to Algeria’s hopes that 2018 production would top the last two years of record gas output (94.8bcm for 20...

    Volume: 61
    Issue: 16
    Published at Fri, 16 Nov 2018

  2. Kuwait Presses Ahead With Development Plans, Eyes New Contract Model

    ...nstructed by UK services firm Petrofac. Currently around 20,000 b/d heavy crude is being produced from Ratqa, Umm Niqa and Sabriya (MEES, 2 June 2017). Mr Jaafar tells MEES that further heavy oil development will be carried out through the installation of further modular 60,000 b/d CPFs. The next phase is...

    Volume: 60
    Issue: 16
    Published at Fri, 20 Apr 2018

  3. Kuwait’s Belated Jodi Stats Show Crude Exports Hitting 75% Of Output

    ...Kuwait’s Belated Jodi Stats Show Crude Exports Hitting 75% Of Output Kuwait opted to resume submitting data to the Riyadh-based Jodi organization this week. Until this week, the latest data was for October 2017, but Kuwait is now fully up to date having provided full figures up to Fe...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  4. Post-Merger Mubadala: Lots Of Cash, But Does The Strategy Work?

    ...llow state investment vehicle IPIC (MEES, 24 February 2017). A planned merger with $127bn Abu Dhabi Investment Council will provide more firepower. The firm, chaired by Crown Prince Muhammad bin Zayid Al Nahyan has become an incubator for senior energy figures since its inception in 2002, with the UA...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  5. Opec Members Unrestrained In Condensate Growth

    ...oduces more condensate, around 750,000 b/d, than it does crude oil. Taking that into account, its agreed 30,000 b/d cut was actually just 2.1% of total wellhead oil output. Qatar’s condensate output is already the most in Opec, but its massive LNG expansion plans announced in 2017 and the eventual co...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  6. The USA’s Growing Role In Global LNG Trade - MEES Crunches The Numbers

    ...THE USA EXPORTED A RECORD 4.7MN T (2.64BN CFD) OF LNG IN 4Q 2017, WITH 70% HEADED FOR ASIA*, ALSO A RECORD   ASIAN LNG IMPORTS FROM THE US HIT A RECORD 1.31MN TONS FOR JANUARY 18. A RECORD KOREAN^ FIGURE OF 532,000T FOR MARCH SUGGESTS THIS WILL BE BROKEN IN THE MONTHS TO CO...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  7. Suez Canal Shipments, Revenue Up But Trade War Threatens

    ...container traffic the last four quarters are the four highest on record: 2017’s 471mn tons of container traffic was up 28% on 2010. •  Though Egypt’s economic fortunes are generally on the up (see p12), US President Trump’s seeming desire to kick off a trade war means that it would be foolish to...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  8. Saudi Oil Exports Hit New Peak But Crude Burn Rises

    ...rch). Some 20% of overall products exports in January were sent to OECD Europe, with latest IEA stats showing the region took 1.58mn tons (around 400,000 b/d) in January, well above the 2017 average of 260,000 b/d. This appears to have consisted overwhelmingly, if not entirely, of middle distillates su...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  9. OMV Restarts Yemen Output

    ...clear if all are operational. The bulk of Yemen’s 2017 crude output (and all exports) came from Blocks 10 and 14, operated by state firm PetroMasila in the east of the country, much further away from the front line with Houthi rebels. This output of around 50,000 b/d was piped to and exported from th...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  10. Egypt Plans Further Cuts To Energy Subsidies

    ...rrent 2017-18 financial year envisages a spend of $7.8bn, whilst the most recent ‘actual’ figure had spending at $10.1bn for 2016-17. The 2016-17 spend was actually up on the previous year’s $9.8bn. Whilst the dollar-terms rise is a modest 3%, in local currency terms the leap in spending in energy su...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  11. Qatar Tops Saudi Bond

    ...sewhere  – Kuwait is eying a double-digit $bn issue (MEES, 2 February). Experts canvassed by MEES forecast 2018 GCC issues of $80-90bn, smashing 2017’s record $50.5bn (see chart and MEES, 30 March). Qatar’s issue marks its first international bond in almost two years: it last raised $9bn in May 2016 (ME...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  12. Crude Official Selling Prices ($/B): Saudi Arabia Raises Key Arab Light To Asia Prices

    ...*VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE.  ...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018

  13. Egypt's 2017 Crude Exports

    ...•  For a country which has been a net oil importer since 2009, with net imports averaging 200,000 b/d for 2016-17 (MEES, 9 March), Egypt’s crude export volumes have been surprisingly robust. •  Of the country’s 629,000 b/d of 2017 crude and condensate output, some 202,000 b/d was ex...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018