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QP Wades Further Into Mexico’s Offshore
...ocks 15 and 33 – are operated by Total, while Block 34 is operated by BP. BP’s involvement may yet prove a major hurdle, given the firm’s self-described “long and checkered relationship with Qatar” (MEES, 17 November 2017). BP has been notably absent since QP rejuvenated its international portfolio in...
Volume: 63Issue: 19Published at Fri, 08 May 2020 -
Rabigh Record Loss
...e Saudi Red Sea coast comprises a 400,000 b/d refinery and 4.97mn t/y petrochemicals complex. The petchems plants were built in two stages, with the 2.57mn t/y Rabigh-2 complex reaching mechanical completion in 2017 but only reaching full commercial operation in October 2019 (MEES, 8 November 2019) wi...
Volume: 63Issue: 19Published at Fri, 08 May 2020 -
Qatar Slumps Into Recession
...ha, with total exports of $16.4bn over Q1 the lowest level since 3Q 2017. Within this, gas and condensate revenues of $10.8bn were the lowest since 4Q 2017. It appears all but inevitable that revenues will fall further this quarter. ...
Volume: 63Issue: 19Published at Fri, 08 May 2020 -
Qatar: Record Q1 Power Output
...Qatar’s state generator QEWC delivered record Q1 output of 8.64TWh for the first three months of 2020 (see chart 1). This follows a record 48.6TWh for 2019, up 23% on 2018 and 11% above the previous record of 43.9TWh in 2017. But it remains to be seen if the monthly record of 5.65TWh set la...
Volume: 63Issue: 19Published at Fri, 08 May 2020