1. Kuwait Finds New Oil At Home As It Goes Shopping In Tunisia

    ...ture upstream assets, successful exploration acreage as well as mid- and downstream assets. ENI TUNISIA OUTPUT   2009 2010 2011 2012 2013 2014...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  2. Egypt Cancels Summer In Bid To Avoid Power Cuts

    ...ate gas firm EGAS for five years under a deal signed in November last year (MEES, 7 November 2014). Egypt plans to install a second FSRU at Ain Sukhna from July, but as yet no announcement has been made regarding the supplier. The ministry has since December finalized deals to import 76 LNG ca...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  3. EGYPT OFFICIAL JAN-FEB 2015 CRUDE & OIL PRODUCTS OUTPUT & DEMAND (‘000 B/D)

    ...EGYPT OFFICIAL JAN-FEB 2015 CRUDE & OIL PRODUCTS OUTPUT & DEMAND (‘000 B/D)   Feb-15 Jan-15 Dec-14 J-F-15 vsJ-F-14 vs2014 2014...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  4. Oman’s LNG Strategy Hinges On New Supplies, Production

    ...OMAN Oman’s LNG Strategy Hinges On New Supplies, Production Oman has a tough future as an LNG exporter. Lower prices and growing domestic demand mean volumes and revenues both fell for 2014, and are set to fall further. Oman’s LNG exports were lower than expected in 2014 amid gr...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  5. Aramco Awards Final Big Jazan Contract; Yasref Ramp-Up Boosts Light Products

    ...torp refinery at Jubail in 2013, while Aramco and China’s Sinopec completed Yasref at Yanbu’ in 2014 and are currently ramping up crude throughput (MEES, 10 April). Diesel output set a new monthly record of 785,000 b/d in February, taking the average for diesel produced in January and February to 78...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  6. SAUDI ARABIA OFFICIAL CRUDE & OIL PRODUCTS OUTPUT, TRADE & BALANCE (‘000 B/D)

    ...2014 vs4Q14 2014 2013 2012 4Q14 3Q14 Crude Production 9,636 9,680 9,630 9,...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  7. OPEC Takes Revenue Hits But Stays Course On Output

    ...iefing in Washington DC. Prices averaged $100-110/B between January 2011 and August 2014 but have averaged around $55/B for Brent since the start of 2015. “The $380bn is almost a little short of a fifth of the size of their economies, a substantial amount for those countries. And similarly, for their bu...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  8. Firms Face Up To Mounting Libya Write-Offs

    ...om which they see no imminent return from production. Production in Libya by France’s Total dropped to an average of 27,000 boe/d in 2014, its lowest level since 2011, according to figures published in the company’s 2014 yearbook, on 15 April. Production dropped from 50,000 boe/d in 2013, having pe...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  9. Middle East NOCs To The Rescue As Capex Cuts Hit Services Firms

    ...REGIONAL Middle East NOCs To The Rescue As Capex Cuts Hit Services Firms Oil services firms enjoyed record revenue in the second half of 2014 – a last hurrah after four years of $100/B-plus oil. But the collapse in prices late in the year has led to a revenue slump. Drilling activity in...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  10. Saudi Petchems Earnings Fall Further As Oil Price Blight Continues

    ...clical” market. Petrochemicals companies listed on the Saudi stock exchange report combined earnings of SR4.37bn ($1.17bn) in the first quarter of 2015, down by 53.1% on the same period last year and 31.4% lower than for the fourth quarter of 2014. While dwindling earnings reflect continued damage fr...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  11. Saudi Bourse To Open To Foreign Investors in June

    ...ades stocks in 168 Saudi companies, for which the value of shares traded in 2014 amounted to SR2.15 trillion ($573bn). CMA President Muhammad al-Jad’an said on 22 April that this opening to foreign investors will make the Saudi stock exchange part of the wider global market and noted that Saudi Ar...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  12. The Image Of GCC Oil Policy In The Western Media

    ...imi was named by the Financial Times as the energy personality for 2014 ‘for the fact that he has done nothing,’7  which itself is a policy decision.  GEOPOLITICS AND OIL POLICY There is also an inclination by some of the western media to frame Saudi oil policy within a geopolitical framework. Un...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  13. Suez Canal Revenue And Volumes 1q15 (‘000 Tons)

    ...14 2Q14 1Q14 2014 2013 Oil Total 8,453 4,616 7,803 20,872 -1,237 -5....

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  14. Chinese Q1 2015 Crude Imports (‘000 B/D)

    ...14 2014 2013 MIDDLE EAST 3,313 3,502 3,767 3,486 +187 +6 +398 +13...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  15. Us Petroleum Imports, Exports, Demand (‘000 B/D)

    ...1Q14 4Q14 3Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,396 7,242 7,...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  16. Benchmark Crude Prices ($/B)

    ...Benchmark Crude Prices ($/B)   23-Apr 13-17 Apr 6-10 Apr Mar-15 Feb-15 Q1 2015 Q4 2014 2014...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  17. Iran’s New Generation Of Oil Contract ‘Finalized’

    ...November 2014. A ‘first draft’ of the IPC was unveiled at a conference in Tehran in February, with the aim of getting feedback from both local and foreign experts and companies (MEES, 28 February). Though Iran’s Deputy Oil Minister for International Affairs Ali Majedi recently said “some fe...

    Volume: 57
    Issue: 17
    Published at Fri, 25 Apr 2014
  18. Rebels ‘Close In’ On South Sudan Oil Fields

    ...her ‘producing’ state – Unity – has been offline since the first week of 2014, after rebel forces took control of the fields, and damaged key oil infrastructure. Pre-conflict production was running at around 240,000 b/d. The rebel spokesman said forces were also nearing the Jonglei state capital Bo...

    Volume: 57
    Issue: 17
    Published at Fri, 25 Apr 2014
  19. Tunisia: Oil Output Down On Political Delays

    ...January 2014, we have been in close dialogue with ministers… In the last couple of weeks we have seen the first indications of any barrier to progress by a negative vote in the Energy Committee, a subcommittee to the Tunisian parliament. PA Resources is not alone in this, and other operators are ex...

    Volume: 57
    Issue: 17
    Published at Fri, 25 Apr 2014
  20. Saudi Direct Crude Burn Plan Can Only Work Short-Term, Says FGE

    ...fferent story. In our view, it would require an extra 2-3bn cfd of gas to replace 500,000 b/d of direct crude burning.” During 2014 and 2015 new combined cycle plants will boost fuel oil consumption – demand growth is forecast at 11% in both years – as gas supply remains tight. Overall, FACTS expects fu...

    Volume: 57
    Issue: 17
    Published at Fri, 25 Apr 2014