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Egypt: Record Gas Output, Exports At Seven-Year High
...early 2012 to just 38% (1.68bn cfd) by early 2017. Output has since rebounded to 3.94bn cfd for Q1 (60% of Egypt’s total output), with the Q1 2012 record of 4.36bn cfd likely to be topped later this year (see chart). Gas output from the Western Desert, long the country’s second key production ar...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
OMV, Repsol Bank On Libya To Hit Optimistic Output Targets
...llowing a series of attacks late last year, only restarting in early March (MEES, 8 March). The facilities again came under rocket fire on 29 April, whilst output was previously shut in due to rocket attacks last July (MEES, 3 August 2018), and before that for more than two years to early 2017. So on...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Opec Faces Uncertain Outlook As Focus Turns To Vienna
...16, 2017 and 2018 as well and isn’t merely the reclassification of NGLs as crude. STORM CLOUDS OVER VIENNA This reduced market share has hit Opec’s weakest members the hardest. Iran and Venezuela are both facing major political challenges, while cash-strapped countries such as Algeria an...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Yemen: Second IOC Returns Despite No End In Sight To Conflict
...rm PetroMasila’s Blocks 10 & 14 – the main producers of Masila grade crude – and sent via a 150km, 300,000 b/d pipeline to the Ash Shihr terminal which has storage capacity of 3.5mn barrels. PetroMasila was the first firm to restart production in Yemen back in 2016 (MEES, 15 September 2017). Ca...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Shell’s Oman GTL Proposal: What’s Changed This Time Around?
...e major upscaling from Bintulu to Pearl, the years of operating Pearl will give guidelines as to how both the technology and the economics of the process can be improved further. Pearl’s early years of service saw several unplanned outages (MEES, 12 May 2017). Global interest in GTL has since wa...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Morocco Grows Renewables, But Grows Coal More
...reement. ONEE’s overall installed capacity data, particularly the surge in the overall figure to 10.9GW, needs to be treated with caution, however: aging, often mothballed, plants are included. The fact that imports were still needed to meet Morocco’s 2018 peak load of 6.31GW (up 2% on 2017) is suggestive of...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Korea: April Iran Imports At 18-Month High
...Korea’s crude sourcing in recent times has been the sliding share from the Middle East: from 86.4% of 2016 imports to 82.3% for 2017, 74.4% for 2018 and 74.0% for the first four months of 2019. And this has been the result of a deliberate policy with the government offering the country’s im...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
LNG Markets Under Pressure From Soaring Us Exports
...nce the 10% tariff was introduced last year trade has slowed to a trickle, with just three US cargoes sailing for China in the first three months of 2019, versus a quarterly record of 20 for Q4 2017. *In the absence of former top buyer China, US cargoes have headed far and wide. India took a re...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Rosneft Begins Pilot Production in Iraqi Kurdistan
...Russia’s Rosneft announced in its Q1 results this week that “experimental production started at the Bijeel field at Block 11.” This is one of the five blocks that the state-led firm signed up to in Iraqi Kurdistan in 2017 (MEES, 16 June 2017). Bijeel has production facilities with capacity of...
Volume: 62Issue: 20Published at Fri, 17 May 2019