- Sort by:
- Score
- Published ▼
-
Iraq Confirms Negotiations With American-Saudi Consortium For Akkas
...s originally awarded to Korea’s Kogas (100%) in 2010’s third licensing round, with the firm targeting 400mn cfd for a remuneration fee of $5.50/boe (MEES, 25 October 2010). Kogas declared force majeure on the field in 2014 as Islamic State overran the area, but after the area was retaken, Baghdad be...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Dubai’s Dragon Roars In To Egypt With BP Purchase
...r 2018, up on 2017’s 84,000 b/d: the firm aims to “maintain” output at “around 100,000 b/d” in the coming years. Enoc has released few figures since taking Dragon private in 2015, but an entitlement share in line with 2014’s 56% would net it 52,000 b/d from Cheleken for 2018. The firm’s only ot...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
ExxonMobil’s Rapidly-Expanding Mediterranean Presence
...erica, and shale in particular, the key focus of its spending since oil prices tanked in the second half of 2014, the same year that it opted against renewing its stake in the UAE’s Adco concession. The MENA share of its oil output has fallen from 25% in 2013 (545,000 b/d, all from Abu Dhabi and Iraq) to 37...
Volume: 61Issue: 23Published at Fri, 08 Jun 2018 -
Egypt Seeks Virtuous Output Circle: Reserves Up, Dues Down, More Output
...e official receivables total at just $2.3bn, down from $3.4bn at end-March, $3.5bn at end-2016 and a high of $6.3bn in 2014. These official figures are substantially lower than MEES estimates based on company filings ($4.35bn at end-Q1), although however you look at it the trend is clearly down. Th...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Israel: Leviathan Plan Approved But Sales Still Needed
...port it to. Israel’s Zemach committee put a 540 bcm cap on the gas reserved for the domestic market and not on what it exports (MEES, 5 December 2014). So whether Leviathan produces 500 bcm, as the government estimates, or 620 bcm according to the partners, will not make a huge difference as it was no...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
Wintershall Eyes Future Opportunities In Libya Despite Onshore Production Shut-In
...edict.” Production had only restarted, at a reduced rate of about 30,000 b/d, in late February, following a two-month closure of the Zueitina terminal as the port itself was blockaded by protestors (MEES, 6 March). Prior to that the fields produced at around 35,000 b/d between 22 September and 21 December 2014...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Doubts Persist Over Algeria’s Bid Round
...mpanies as well,” said Mr Probert at a Society of Petroleum Engineers event held in London this week. Algeria : Blocks On Offer In 2014 Bid Round Bidding Delay The schedule for the bid round has been pushed back by a month, Algeria’s Ministry for Energy and Mines announced on 1 June. Bi...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Energy Subsidies Soar To Hit $24bn
...nance Minister Hani Dimian, when he unveiled some details of the 2014-15 budget last month (MEES, 30 May). Soaring subsidies highlight the need to lower the budget deficit in 2014-15 which is projected to fall to 12% of GDP from 14% in 2013-14. The energy subsidies in the new 2014-15 budget are also pr...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Occidental Eyes Sale Of All Mideast Assets
...Nuhayyan. Oxy’s instability looks set to continue with Oxy announcing that Mr Chazen will leave the post of CEO at the end of 2014. It creates a problem for Oxy in the ADCO concession bidding. The SPC members have to decide to which firms they will give stakes in their top producing fields, and th...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Wintershall Qatar Gas Plans
...ploring Qatar. By end-2013/early 2014, Chinese state firm CNOOC and French major Total are expected to drill their first well in exploration Block BC. In Qatar, Total in May 2011 took a 25% stake in exploration Block BC (MEES, 26 April). A potential export option is Abu Dhabi-based Dolphin En...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013