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Adnoc Shuts Onshore Bab Field For Maintenance
...the latest 370,000 b/d figure indicates that it was running around 50,000 b/d below capacity prior to shut-down. Adnoc is working to expand capacity at Bab from 420,000 b/d to 450,000 b/d under a contract awarded in 2017 to CPECC, the engineering subsidiary of Chinese state firm CNPC (MEES, 17 No...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Oman LNG Exports Dip In 1H 2020 Ahead Of Capacity Expansion
...rean buyers holding the rest). Production jumped from 8.60mn tons in 2017 to 10.4mn tons in 2018 – matching nameplate capacity – and last year the firm’s three LNG trains produced a record 10.7mn tons. “We reaped the rewards from investments in rejuvenation, debottlenecking, and the power project,” oi...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Energean Retains East Med Focus In Cut-Price, Cut-Scope Edison Deal
...9bcm/y Reggane, which started up in December 2017 (MEES, 22 December 2017), and Norwegian North Sea discoveries – were ones for the future, Abu Qir is in steep decline. Abu Qir output (100% Edison) was 45,500 boe/d (225mn cfd gas and 5,500 b/d condensate) for 2019. This is well down from 270mn cfd in 2017...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Aramco Committed To Crude-to-Chemicals But Delays Development Decision
...chnologies with a cracker (MEES, 1 December 2017). CRUDE OIL TO CHEMICALS CONCEPT SOURCE: MEES. ...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Egypt’s Economy & Energy Sector Reel From Covid-19
...rch alone, and a further $3bn in April and $1bn in May, to end the first five months at just $36.0bn, down almost $10bn on the start of the year and the lowest figure since 2017 (MEES, 12 June). The end-May figure would have been lower were it not for the mid-month receipt of $2.77bn in emergency IM...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Saudi Sees Rare Trade Deficit As Oil Earnings Collapse
...venues therefore dropping steeply to $3.5bn, their lowest level since September 2017, oil’s share of the mix remained high at 64.7%. RECORD HIGHS, RECORD LOWS April was in some ways a triumphant month for Saudi Arabia. As the previous-Opec+ production restrictions disintegrated, state en...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
US Oil Stocks* Hit All-Time High As Demand Collapses
...JUNE) AND MAY DIFFER. SLIGHTLY FROM THE YET-TO-BE-PUBLISHED OFFICIAL END-MONTH FIGURES. **26 JUNE CRUDE STOCKS ARE JUST BEHIND MARCH 2017 (538.6MN BARRELS) AS THE HIGHEST END-MONTH FIGURE ON RECORD BUT 19 JUNE SET A WEEKLY RECORD OF 540.7MN BARRELS. SOURCE: EIA, MEES. SEE ANALYSIS, P11. ...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020