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Total To Become Top Algeria Producer In $9bn Oxy Side Deal
...lling. The company’s only stake was 35% of the aging Tin Fouye Tabankort (TFT) wet gas field where output has fallen from a peak of 680mn cfd in 2011 to just 400mn cfd for 2017 – netting Total a measly 15,000 boe/d, three-quarters gas (MEES, 23 March 2018). But from that trough, the company’s Algeria ou...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
IOCs Face Mixed Picture In The Mena Upstream
...ll. In the Middle East and North Africa (Mena) region, these contrasting strategies have had a profound impact on respective oil output for IOCs. Total overtook ExxonMobil to seize the crown as the region’s largest oil producer in 2017, and last year opened up a gap of nearly 150,000 b/d on its US ri...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Qatar Rolls Out Plans To Expand LNG Storage, Export Capacity
...nkers. Qatar has previously posited installing new LNG export berths beyond the LNG No.6 berth, and this remains the likeliest location for such facilities. With QP preparing to ramp up LNG exports from 2024 the firm is also greatly expanding its tanker fleet. CEO Saad al-Kaabi told MEES in 2017 that th...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Tamar Shutdown Highlights Israel Upstream Risk
...e online in Q4 this year (see box and MEES, 12 April). Israel has struggled to attract big names to its upstream. The country’s previous bid round in 2017 flopped with Greek minnow Energean the key winner (MEES, 15 December 2017) – Indian state firms also took one block but they have yet to co...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Tensions Flare As Turkey Drills Off Cyprus
...ach any sort of compromise, with the most recent summit in Switzerland in 2017, the last concerted efforts, failing to reach any sort of deal. Turkey has warned Cyprus about its own drilling activities to the south of the island and has been threatening since 2011, when Noble Energy discovered the 4....
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Gulf Petchems Attract Major Interest
...w is a partner in Kuwait’s Equate (MEES, 8 December 2017). The majors’ Gulf petchems interests are low-key in comparison with the upstream. But Total and refinery JV partner Aramco recently created headlines with a plan to integrate a 1.5mn t/y mixed-feed cracker and 800,000 t/y polyethylene un...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Kuwait Powers Ahead With CCGT Plans After Projects Hiatus
...nder was issued in September, will help increase Kuwait’s installed capacity by 32% from 18.74GW to 24.79GW, while the two new IWPPs will raise desalination capacity by 48% to 4.07mn m3/d (see table). Meanwhile, peak load rose from 13.80 GW in 2017 to 14.07GW last year, so there was plenty of slack in th...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Iran Threat To Nuke Deal As Exports, Revenues Face Collapse
...15, amid overall record 617,000 b/d imports. Turkey imported 91,000 b/d from Iran in February, up slightly on January’s 90,000 b/d but less than half average volumes of 210,000 b/d for 2017 and 1H 2018 when the Islamic Republic was Turkey’s top crude supplier. Certainly Turkey, as with India and Ch...
Volume: 62Issue: 19Published at Fri, 10 May 2019