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Libya Oil Blockades: Back With A Vengeance
...ter the capital (MEES, 20 May). The division in the country, roughly split between eastern and western lines, is eerily looking like the period between 2014 and 2020 when parallel administrations in Tripoli and the east competed for power. That period was particularly tumultuous with oil pr...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Oman LNG Bounces Back Following Maintenance Work
...ll below the peaks achieved in 2013 before hydrocarbon prices collapsed in the second half of 2014 (see chart). Oman LNG’s financial performance rebounded from 2020’s Covid-lows last year, and strong gains this year could push revenues well above 2018’s recent highs of $3.51bn. Topping 2014’s $4....
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Iraq Fights For Survival Amid Growing Pressure To Slash Oil Output
...the 6 June meeting, is for Baghdad to reduce crude output month-by-month in order to produce under its quota in August-September to make up for May-July overproduction. This would ultimately bring Iraqi output to 3-3.5mn b/d, its lowest since 2014. Needless-to-say such a scenario is difficult to im...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Iraq Crude Output Gets Pipeline Repair Boost
...om the current 200,000 b/d. Daura is the second largest operational Iraqi refinery after the 210,000 b/d Basra refinery – following the destruction of the 310,000 b/d Baiji plant by the Islamic State (IS) in 2014. The government is working on rehabilitating Baiji, but progress is slow. The re...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
US Shale Output Soars But Permian Productivity Falling
...oductivity metric has fallen for every month since, to 627 in May and a projected 617 and 602 in June and July respectively. The latter figure would take productivity back to numbers last seen in March 2016, though it remains at three times 2014 levels. Of course the Permian ‘rig count’ continues to ri...
Volume: 60Issue: 24Published at Fri, 16 Jun 2017 -
Algeria: New Energy Minister Faces Revenue Meltdown, Political Uncertainty
...m/year of gas output over 2014-20, hitting 93 bcm/year by the latter date (MEES, 5 June 2015); it now forecasts just 85 bcm by 2021 – by far the biggest downgrade of any country in the latest report (see p4). And rising domestic demand means export volumes are set to continue their recent co...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Will The ‘Golden Age Of Gas’ Ever Arrive?
...mestically. Total forecast growth of 16bcm over the five year period is markedly lower than last year’s forecast of 23 bcm over 2014-20 and compares with an official Saudi target of hitting 12.2bn cfd (126 bcm) by 2021 (MEES, 1 April). Saudi Arabia is officially targeting a boost of the share of gas in it...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Iraq Lowers Sights On Capacity As Reality Sets In
...ndon on 9 June. This is up from 188,000 b/d in late 2014 (MEES, 1 November, 2014). IRAQ’S KEY PLATEAU PRODUCTION TARGETS (PPTs, MN B/D) Field Operator New PPT Was Finalized? We...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
BP Stats Reveal ‘Tectonic’ Shift In Oil Industry Supply/Demand Balance
...owth in global oil production was more than double that of consumption last year, as the US shale oil boom and a sharp fall in China’s energy consumption undermined benchmark oil prices. The BP Statistical Review of World Energy 2015 shows that oil and NGLs production rose by 2.1mn b/d in 2014, while co...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Egypt On Road To Gas Recovery After Years of Stagnation
...Egypt’s 49 bcm 2014 gas output. Even if April turns out to be an outlier, output for the first four months of 2015 at 4.47mn cfd (46.2 bcm) is also well down. The IEA does not include a forecast for 2015 in its latest report. However achieving its forecast of 51 bcm for 2016 now looks like a ma...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
IEA Cuts Mideast Gas Demand And Production Outlook
...REGIONAL IEA Cuts Mideast Gas Demand And Production Outlook Middle East countries are on track to increase the share of gas in their energy mix although gas demand growth will slow down between 2014 and 2020, according to the International Energy Agency’s (IEA) latest Medium Term Gas Ma...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Gas Faces Long-Term Uncertainty On Cheap Coal And Renewables
...rket outlook, the agency cut its global gas demand forecast to an annual growth rate of 2% on average between 2014 and 2020, lower than the 2.3% average rate projected for the previous 10 years. The IEA now expects global gas demand (and thus production) to hit 3,926 bcm/year by the latter date. La...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Arab Energy Club Honors Walid Khadduri
...ergy Award (2014); the International Association of Energy Economics Award for “excellence in written journalism on topics relating to international energy economics” (1993); and the Opec Award for Journalism for an “outstanding career in oil reporting” (2008). He participated in establishing the Ar...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Jihadist Advance Threatens Key Iraq Oil Facilities
...ibi also asserted, more confidently, that Iraq’s southern oil fields and export terminals were safe from attack. 2014 Target Revised Down Even before the recent turmoil, Iraq had decided to lower its 2014 oil export target as a result of the protracted dispute with the KRG to an average 3m...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
IEA: Middle East Gas Output Set For Strong Growth But Outpaced By Demand
...REGIONAL The Middle East will be one of the fastest growing regions globally for gas production over the five years to 2019, according to the IEA. But growth will struggle to keep pace with runaway regional demand. The IEA’s 2014 Medium Term Gas Report, released this week, revises up...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014