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Algeria’s Gas Exports Reach Decade High
...gnificantly boosted sales gas output (MEES, 21 May). So much so that Algerian production of 29bcm (11.4bn cfd) in the first quarter of 2021 was the highest on record. Although volumes dropped somewhat in April to 9.6bn cfd, this is still the highest April number since Algeria began reporting data to Jodi in 2014...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
Delek Looks To Raise $1.2bn With Tamar Sell-Off
...rael’s key offshore fields. A December 2014 anti-trust ruling (MEES, 2 January 2015) was subsequently watered down, but even so operator Noble has to reduce its stake in Tamar to 25% by end-2021, with Delek required to completely dispose of its stake by the same date (MEES, 1 April 2016). HOLDING ST...
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
QP Ousts Maersk At Key Qatari Oil Field Amid Sectoral Revamp
...lieve oil prices have now bottomed out, but where’s the light at the end of the tunnel for tumbling LNG prices? Prices for Qatari LNG to its largest buyer, Japan, have fallen from $16.79/mn BTU in 2014, to $10.65/mn BTU last year and in May were just $5.55/mn BTU. The preponderance of new supplies se...
Volume: 59Issue: 26Published at Fri, 01 Jul 2016 -
Algeria: No Cash, Investment Slashed… Output To Soar. Come Again?
...e most recent bid round in 2014. A follow-up round has been repeatedly delayed: probably best to save the country’s blushes given that there is no sign of improved terms. And the potential for the country to invest its own cash has dried up with the collapse in oil and gas prices: hydrocarbon ex...
Volume: 59Issue: 26Published at Fri, 01 Jul 2016 -
Israel: Road To Gas Development Uncertain Despite Government Push
...ility Edison had previously expressed an interest in purchasing Karish and Tanin (MEES, 5 December 2014), but following Mr Gilo’s ruling the firm cooled its interest until the regulatory uncertainty cleared up. Local reports have indicated that Edison, which also has exploration acreage on the Egyptian si...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Egypt Lays Out Further Subsidy Cuts For 2015-16 But Overall Spending Up
...12-13. The budget for the year beginning 1 July was recently approved by the cabinet but is yet to be signed off by President Sisi. It lays out plans to cut spending on oil product subsidies to E£61bn ($8bn at the latest exchange rate of $1= E£7.63), down 13% from the provisional 2014-15 figure of E£70...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Iraq’s Baiji Refinery Safe But Still Out
...s complex in Algeria in 2014, where Japan suffered the highest number of casualties of any foreign country (ten, all employees of engineering firm JGC), have evacuated their workers from Iraq, a source tells MEES. The violence has led to the delay of two key projects so far. The 300,000 b/d Na...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
South Tunisia Gas Development Close To Go-Ahead Despite ENI Departure
...e intending to have the contracts signed before the end of the year, in order to allow construction to begin in early 2014 [and] finished by 1Q16,” Mr Mestiri says. “Inshallah [we will stick to this timeframe] as long as we don’t encounter too much social unrest,” he conceded. OMV – the ke...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
OMV Set For Eastern Abu Dhabi Oil Exploration
...ve a joint venture petrochemical firm, Abu Dhabi Polymers Company (Borouge), which will expand its ethylene capacity to 3.6mn tons/year in 2014 (MEES, 1 March). OMV’s announcement comes at a time of greater opportunity in Abu Dhabi for foreign firms. Eleven foreign firms prequalified to bid fo...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013