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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 -
Qatar LNG Expansion Partners Eye Liquids Riches
...eviously told MEES that “there is nothing determined that we want to sell to anyone in particular. Some is sold on the spot market, some short term, some longer term. Our marketing guys just market it to get the best price” (MEES, 8 December 2017). NFE ethane is earmarked for a 2.08mn t/y ethane cr...
Volume: 65Issue: 26Published at Fri, 01 Jul 2022 -
Energean Advances Israel Drilling Plans
...2017 (MEES, 15 December 2017), These blocks include the sites of the potential fourth and fifth wells of Energean’s 2022-23 program: wildcats targeting the 1.1tcf Hermes prospect on Block 31 and the 2.7tcf Hercules prospect on Block 23 (see map). These are potentially costed at $50mn each ve...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
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 -
Eni Ramps-Up Zohr, Mubadala Farms In
...this year(MEES, 12 May 2017). This will mean Cairo will be able to bring an end to LNG imports which began in April 2015. Mr Molla signalled that a six-cargo tender awarded to trading firms Trafigura, Gunvor and Vitol for deliveries in July and August will likely be the last. “I don’t th...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Egypt Boosts Offshore Gas In Bid To Turn Around Output Slump
...ok to expedite development. Start-up by end 2017 is targeted, ramping up to 2.7bn cfd by end-2019. This is highly ambitious: the IEA considers first output “by the end of the decade” more realistic (MEES, 17 June). Nonetheless, Eni is pressing ahead. On 20 June it awarded Schlumberger subsidiary On...
Volume: 59Issue: 26Published at Fri, 01 Jul 2016 -
Analysis: Will New Amir Era Usher In QP Restructuring?
...ost production capacity – unless the wells give poor results during the production maintenance program. Maersk will determine the goals of the FFDP and take the final investment decision (FID) after it gets approval from QP before mid-2014. Its PSA expires in 2017. US independent Occidental Pe...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013