- Sort by:
- Score
- Published ▼
-
Algeria-Spain Spat Leaves 1.26GW Power Plant In Limbo
...lguera,” adding that it is now seeking “a definitive solution for all parties.” The project was originally awarded back in 2014 at a price tag of $719mn (MEES, 7 March 2014), with civil works completed by end-2016 (MEES, 15 September 2017). Satellite imagery indicates that substantial work has taken pl...
Volume: 67Issue: 26Published at Fri, 28 Jun 2024 -
Eni Looks To Neptune For Algeria Boost; Can It Get Past Mercury?
...ance that average 2024 Touat output will fall well short of the 400mn cfd target plateau figure. Neptune’s core assets were acquired in the $3.9bn purchase of the upstream assets of Engie (formerly Gaz de France, GdF) in 2017 (MEES, 19 May 2017). As part of the deal Engie retained 30% of Touat (ve...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Mauritania: Shell Q4 Wildcat
...two years, indicating the potential for additional wells on its Mauritania acreage or elsewhere. Mauritanian officials say the well will target oil as well as gas, with Block C10 surrounding Mauritania’s to-date only commercial oil discovery, the Chinguetti field which produced from 2006 to 2017...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Japan Crude Imports: Record Mideast Market Share
...untries supplied 96.3% of Japan’s crude and condensate imports, putting this year on track to top last year’s record figure of 94.1% (see chart). *Saudi Arabia alone supplied 40.6%, up not only on 2022’s 38.0% but on the record 40.1% set in 2017, whilst the UAE’s 38.4% is also a re...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Algeria Oil & Gas: Searching for Stability
...lding sway in the sector. For example, Chakib Khelil was unquestionably the oil supremo when he was energy minister from 1999 to 2010. But the Sonatrach CEO was the man to call when the industrious Abdelmoumen Ould Kaddour headed the state-oil giant between 2017-2019 (MEES, 26 April 2019). Sonatrach is...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Saudi Arabia Gas: New Facilities, Greater Flexibility
...ming years, with work underway to add substantial gains through a mix of associated and non-associated gas processing capacity. First up is the Hawiyah Gas Plant Expansion Project. Contracts were awarded in 2017 to add 1.07bn cfd processing capacity, which will bring capacity up to 3.86bn cfd by Ju...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Lebanon-IMF Talks Stall As Economy Deteriorates
...vernment. Saudi Crown Prince Muhmmad bin Salman has largely steered clear of Lebanon following the alleged kidnapping of former PM Saad al-Hariri in 2017 (MEES, 24 November 2017). Just this week, Emirati minister of state for foreign affairs Anwar Gargash told CNBC that “If we see some of our friends, ma...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Ecomar Thinks Big After Fujairah Refinery Start-Up
...vernment in 2007. Germany’s Uniper reached commercial operation of a 67,000 b/d refinery in 2017 (see map). Two plans to build refineries at Fujairah came to nothing. Former Abu Dhabi investment house IPIC abandoned a planned 200,000 b/d conventional refinery in 2016, before its merger with Mubadala (ME...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Tunisians Demand Oil Jobs
...Protestors clashed with police in Tunisia’s southern Tataouine province this week demanding the government hand jobs to the unemployed in the region’s oil industry. In 2017 protestors blocked the region’s main pipeline at Kamour, shutting in all oil and gas output from Tataouine and Ke...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Israel Offers Exploration Block
...y award will be for an initial three years, with two potential two-year extensions each carrying a one-well drilling commitment. Israel’s previous two bid rounds launched in 2017 and 2018 failed to attract any big names with the most recent awards, finalized late last year, awarding two co...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Oman Condensate Output At Record Highs
...quids output, the share of condensate continues to grow. Condensate output over the first five months of 2019 is running at a record high of 115,000 b/d, up from 2018’s annual record of 107,000 b/d and 2017’s 86,000 b/d. Conversely, at 856,000 b/d for January-May, crude output is on track for a five-ye...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Chevron Phillips Wins Stake At Major Qatar Petchems Project
...troleum has launched its renewed petrochemicals push, announcing on 24 June that it will partner with US JV Chevron Phillips Chemical in constructing a 1.9mn t/y ethane cracker. This is a considerable expansion from the original project scope of 1.6mn t/y floated in 2017. The project also entails co...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
LNG Prices Remain Under Pressure Amid Buoyant Supply, Lackluster Demand
...cond half of 2017. However it is not inconceivable that monthly takings could overtake number one Japan at some stage later this year: they came close in a pre-winter buying spurt last November, and lagged Japanese takings by just over 1mn tons for both April and May. Projections in the IEA’s latest ‘Ga...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Houthis Expose Saudi Arabia’s Growing Desalination Dependency
...pulation’s need for potable water. This dependency is growing at a rapid rate. The latest data from state regulator ECRA puts demand over the course of 2017 at an average 6.73mn m³/d, up a massive 9.9% year-on-year (see chart). Demand has almost certainly continued to soar over the past 18 months. Me...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
GCC Grid: Could An Iraq Link Give It Relevance?
...ates all have reliable domestic grids. In a bid to gain relevance the GCCIA is looking outside of the six-country grouping. Certainly the GCCIA needs to be rejuvenated somehow. Total electricity transfers last year amounted to just 1.24TWh, down sharply from 2017’s record 1.63TWh. The key reason fo...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Aramco Crude Oil To Chemicals Vision Takes Shape
...chnology; and 2025 may be a push as Aramco’s COTC technologies are so far not commercialized. Aramco and Sabic were developing crude-to-chemicals technologies separately before they signed a memorandum of understanding (MoU) in November 2017 to develop the COTC plant under a joint venture. Sabic filed a pa...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Algeria Calls Time On Quantitative Easing
...non-conventional financing is over” confirming a policy shift indicated by the Bank of Algeria in a 1 April research note. This said, the program, initiated in September 2017(MEES, 15 September 2017) was “unjustified right from the start” with “conventional financial means yet to reach their li...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Egypt’s Freshly-Minted 2019-20 Budget Promises More Subsidy Cuts
...gins on 1 July. Key to Cairo’s economic plans are further cuts to spending on oil product subsidies. Latest official forecasts peg such spending at E£90bn ($5.1bn) for the 2018-19 financial year (ending 30 June), down 25% from 2017-18 and less than a third of the record $18.6bn spend seen in 20...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Exxon, Total Expand In Med
...Total (40% operator), ExxonMobil (40%) and Greece’s state Hellenic Petroleum (20%), have finally put pen to paper with Athens to take two deepwater offshore blocks, covering a total area of 39,926km², to the west and southwest of Crete. The award was initially made in 2017 but crippling Greek bu...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Qatar: Long-Delayed Barzan Gas Approaches Start-Up
...shed startup well beyond the initially planned 2014 (MEES, 12 October 2012). Mr Kaabi told MEES in late 2017 that the latest delays were “because we have had issues with the pipeline. That is not a secret. The contractor did not perform as well as we wanted them to…we are proceeding to rectify the is...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019