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TotalEnergies First Again With Qatar LNG Expansion Deal
...ont, TotalEnergies’ Mena push has been paying dividends. Since 2014, the firm has overtaken Eni, Shell and ExxonMobil as the largest oil producer among IOCs in the Mena region (see chart 1). TotalEnergies’ willingness to take on political risk stands in contrast to other majors, most of whom have been sl...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Syria’s Block 26 Continues To Pump As UK’s Gulfsands Waits On Standby
...lfsands’ Block 26 was one of Syria’s most promising oil assets when the war erupted in 2011, forcing the UK minnow (and every other western firm) to declare force majeure and halt operations. The firm still retains 50% of the block, with Chinese state firm Sinochem holding the other half. But since 2014 wh...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Adnoc Targets Big Gains From Transformational Foreign Partnerships
...reamlining of subsidiaries in 2017 (MEES, 20 October 2017). Equally notable is the revolution underway in reshaping Adnoc’s partnerships with foreign oil firms. The number of such firms partnered with Adnoc in its upstream operations has soared from 12 in 2014 to 17 currently (see chart 1). Moreover, th...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
UAE Gas Production, Consumption Rise To Record Levels
...2bcm, to 76.6bcm. Despite the improvement, this still resulted in a shortfall of 11.9bcm over the course of 2018. This was at least the lowest since 2014 and almost 1bcm down on the 2015 peak of 12.5bcm. The UAE has had a gas shortage since 2008, and as this deficit has grown it has increasingly tu...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Algeria: Total, Repsol Recommit But More Investment Needed
...e Algerian upstream to be attractive to IOCs, it is probably about right – Algeria spectacularly failed to attract investors in its last bid round in mid-2014 when prices were $100/B (MEES, 3 October 2014) Just four of 31 blocks were awarded. Boughezoul, in the north of the country, went to Re...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
Aramco Downstream Strategy: Plastic Fantastic As Sadara Park Ramps Up
...luria to realize the value of these processes.” Siluria is part-owned by Aramco after a $30mn 2014 investment by Saudi Aramco Energy Ventures (29 August 2014)....
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
KRG Says Oil Industry At Risk Over Non Payment
...rplus of crude oil that it is exporting independently out of Ceyhan in an effort to make up for the lack of federal funding during the whole of 2014. The Kurdish Ministry of Natural Resources’ (MNR) latest export figures, published on 2 June, show that the KRG exported 184,224 b/d of its own oil via Ce...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015