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Gulf Rig Count Surges As Services Firms Eye More To Come
...WN ON 2014-2019 LEVELS 3: ABU DHABI’S RIG-COUNT HIT A 3-YR HIGH 56 FOR APRIL WITH THE 42 ONSHORE RIGS WITHIN FIVE OF 2019’S RECORD 4: QATAR HAS BEEN STEPPING UP GAS DRILLING AS NORTH FIELD EXPANSION WORK GATHERS PACE SOURCE: BAKER HUGHES. 5: KUWAIT’S RI...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Eni’s Zohr Boosts Egypt Gas Output To New Highs
...PLORATION Russian state firm Rosneft, 30% partner at Zohr (Eni 50%op, BP 10%, Mubadala 10%), revealed in its 2020 annual report, released last week that “the drilling of a prospecting well” on the Shorouk block which houses Zohr is planned by July next year. Part of the original block awarded to Eni in 2014...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
Qatar Plans For 2019 Drilling To Fuel Massive LNG Expansion
...ceeded 14mn tons in Q1 2018 for the first time since Q1 2014, although March data is not yet available for India and Taiwan. The increase was driven by China, which imported a record 2.92mn tons, up 1.1mn tons year-on-year, as its insatiable appetite continues to grow. South Korea also saw a 780,000 to...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Egypt’s Western Desert: Is Capex Boost Enough For Output Rebound?
...e second half of 2014. But the rebound in oil prices over the past year has seen key regional producer Apache double capex to $156mn for 1Q 2018 from the low of $78mn plumbed in 3Q 2016. With spending having averaged $154mn for each of the last three quarters, up from $83mn for the same period a ye...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Lebanon Bidding Risks Stalling Amid Major Pullback
...Lebanon’s relaunched offshore bid round risks flopping. With only five blocks on offer and three of these contested with Israel, the number of firms looking to operate has fallen to just six from 13 in 2014. ExxonMobil, Chevron and Shell are among those to have pulled back. Lebanon’s En...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
BP’s WND Starts Up
...e Libra and Taurus fields, which constitute Phase 1 of the 1.2bn cfd project, are currently producing 700mn cfd of gas and 1,000 b/d condensate “20% higher than the planned sales gas plateau,” BP says. This implies that Egypt’s gas output has hit 5bn cfd for the first time since January 2014 (se...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Iran Selects 49 Oil, Gas Projects Open For Foreign Investment
...ar in early 2014 to 330 bcm/year by 2017. The list, revealed on the ministry news service by Abdol-Mohammad Delparish, director of consolidated planning at the state-run National Iranian Oil Company (NIOC), comprises a host of projects that are at various stages of exploration and development. 28 of...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Oman Planning for Spot Power
...pire in 2017, with five more finishing by the end of 2020. While some PPAs will continue beyond the introduction of the spot market, the new rules will provide “an alternative way for producers to sell power to OPWP” (MEES, 7 February 2014). NERA has already advised the GCC Interconnection Au...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Mauritania Dreams Of Gas Riches As Kosmos Touts 8 Tcf Find
...uritania, which in recent years has looked like a country with a hydrocarbons past, rather than a future. Output from the one producing oil field, Chinguetti, (Mauritania has no gas output) dwindled to a mere 5,400 b/d for 2014. With operating costs rising to $52/B, and an estimated $59/B for 2015, only ju...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Libya: Industrial Unrest Highlights Fragility Of Output
...ve been up and running since the end of 2014, following a shut down in early November (MEES, 13 March). The field had been offline for much of the second quarter of 2014, but had resumed production in June 2014 (MEES, 25 July 2014). The closure of El Feel takes Eni’s total liquids production from ar...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Qatar Seeks New IOC Partners To Develop Al-Shaheen Oilfield
...serves and attaining its ambition of becoming the world’s largest LNG producer and exporter (see p8). The emirate also took significant steps to diversify its downstream sector. Crude production averaged 660,000 b/d in the first quarter of this year from an average 710,000 b/d in 2014, according to MEES es...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Syria: Subsidies Hit $1Bn; ‘Losses’ At $22bn
...vernment spent S£40bn ($268mn at the official exchange rate of $1=S£149) on energy subsidies in the first quarter of 2014; over $1bn on an annualized basis. The minister estimates total losses in the hydrocarbons sector since the beginning of the uprising in March 2011 at S£3,202bn ($21.5bn) – S£2,...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
KPC 100KBD India Deal
...e first quarter 2014, the US upped volumes substantially, taking 405,000 b/d for January and February (March data are not yet available). Japan is Kuwait's third largest customer taking 311,000 b/d for the first quarter, up 12% on a year earlier. The Indian market is of growing importance to Ku...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
MENA Active Drilling Rigs, April 2014*
...MENA Active Drilling Rigs, April 2014* April Br...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Fresh Blast Severs Yemen Crude Export Artery
...has dubbed the National Dialogue – a six-month long conference backed by neighboring Saudi Arabia and tasked, among other things, with writing a new constitution and preparing for democratic elections in 2014. With more than 500 representatives from different political parties, regions, tribes and re...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Neutral Zone Contract Awarded
...peline that will take 50-60mn cfd of currently flared associated gas from Khafji. French contractor Technip last year won a contract to build a 110km gas and condensate pipeline, to be completed by the second half of 2014. The pipeline will also take non-associated gas from the Dorra field, which is sh...
Volume: 56Issue: 19Published at Fri, 10 May 2013