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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 -
Saudi Petchems Sector Gets Oil Price Boost As Sabic, Sipchem Eye Expansion
...ar. And combined net income fell short of the bumper returns in 3Q 2017, which neared $9bn for the first time since crude prices plunged in late 2014 (see chart). State-led Sabic, the biggest Saudi petchems firm by far, attributed its Q1 income boost to higher average selling prices and sales vo...
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 -
Blow To Nuclear Deal Forces Opec Output Reappraisal
...5,000 b/d. This is due to the startup of the first 50,000 b/d unit of the Hammar Mishrif Degassing Station facilities (DGS North). This consists of four units for a total 200,000 b/d and is being installed by South Korea’s Samsung under an $840mn 2014 contract (MEES, 4 April 2014). Completion was due for 20...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Sonatrach Buys Italian Refinery In Bid To Plug Products Shortfall
...ficit shrink to ‘just’ $490mn for Q1, the nearest Algeria has come to breaking even on trade since oil prices tanked in late 2014. Export revenue rose 19.9% year-on-year to $10.72bn, with oil and gas revenues up 19.6% at $10.03bn (almost 94% of the total) – a seemingly impressive gain but actually less th...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Saudi Oil For Sudan
...man did not specify whether the oil in question was crude or refined products. Sudan’s crude production fell to just 75,000 b/d in early 2018, from 115,000 b/d in 2014 (MEES, 16 March). The country has been suffering a fuel crisis for several months, leading recently to increasing social unrest. If cr...
Volume: 61Issue: 19Published at Fri, 11 May 2018