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Yemen Set For Output Boost Following Petsec Transaction
...gistered Octavia Energy Corporation listed by Companies House was dissolved in 2014. Nevertheless, Yung Holdings is listed as having Yemen operations. In 2016, Yung Holdings purchased Calvalley Petroleum (Cyprus) Ltd, which is the operator of Block 9 (50%) alongside Indonesia’s Medco Energi (25%) and Ho...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
IOCs Face Mixed Picture In The Mena Upstream
...e region looks set to slide further. Meanwhile, its overall Mena liquids output fell, ExxonMobil is pressing ahead with expansion work in Abu Dhabi. After its stake at the Adco (now Adnoc Onshore) concession expired in 2014, ExxonMobil’s Abu Dhabi output collapsed from 306,000 b/d to just 16...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
KRG Exports Rise With Boost From New Fields, But Takings Fall
...make a $26mn coupon payment last month. Kurdish firm KAR aims to increase production by 50,000 b/d in 2016 from its Khurmala Dome field, as well as from Kirkuk’s Avana Dome and nearby Bai Hassan field both of which the KRG (and Kar) controversially took over in 2014 (MEES, 25 March). Piped ex...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Apache Lauds ‘Reliable’ Egypt In Low Price World
...l and gas output given the current combination of low prices and stretched capex. Apache’s key recent output gains have come from the Ptah and Berenice fields in Egypt’s far northwest – only discovered in late 2014, output has ramped up to 26,000-30,000 b/d plateau volumes from 13 wells from ea...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Saudi Oil Leadership Changes Raise More Questions Than Answers
...oducers, he has said. He must, however, be concerned that a further recovery in oil prices, which are still far below the 2014 high of $115/B, will scupper his policy before it has had a chance to succeed. It’s a tricky balancing act for the minister, who has proven himself adept at managing the often st...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Hamad Bin Jasim Returns With $1.6bn Heritage Oil Takeover
...oblems, Heritage gives a broad estimate of 14,500–18,000 b/d for its overall net 2014 production. This includes small volumes in Russia, where the firm has a 95% interest in the Western Siberian Zapadno Chumpasskoye license, its only other producing asset. This produced about 600 b/d in 2013. The firm’s 20...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Total Sees Multi-Billion Dollar Solar Opportunity
...be published in 2014 1 Qatar 16% of the electricity production from renewable energy by 2018. 18000gw announced by Food National Security Program with bid rounds in 2013 1.8 Kuwait 5% of electricity production from renewable by 2020, part of...
Volume: 56Issue: 19Published at Fri, 10 May 2013