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Taiwan Crude Imports Edge Back Towards Normal; Mideast Share Still Depressed
...er 71% for both Q1 and Q2 compares to an average of 78% for 2017-19. Add in the record low figure of 69.2% for Q4 last year and the last three quarterly figures are the lowest since 2010. *Saudi Arabia remains number one supplier but saw volumes fall 5% year-on-year and 11% quarter-on-qu...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Aramco Trading Caught In Crossfire Of UAE-Saudi Rivalry
...ding, its presence in Fujairah, it would be the second time in less than five years that geopolitical developments have impacted the emirate’s role as a regional hub. The UAE’s participation in the Qatar embargo from 2017 until January this year prevented Qatari vessels from calling at Fujairah. The up...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Sparks Fly As Saudi-Emirati Economic Competition Intensifies
...aditionally held a clear dominance. In the UAE, Abu Dhabi’s Adnoc is planning to invest $122bn over 2021-2025, much of which is dedicated to expanding its crude oil production capacity from around 4mn b/d to 5mn b/d by 2030. Just five years ago, before the first Opec+ cuts came into force in 2017, the UAE wa...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
GCC Rig Count Stuck At 10-Year Low Levels For 1H 2021
...e first half of the last decade Kuwait consistently had a higher rig count than the UAE. For 2017 and 1H 2018 the two were neck and neck. But the UAE has been more than 10 ahead for every quarter since Q4 2018, save Q2 and Q3 2020 when the UAE was more dynamic than Kuwait in cutting rigs and the gap fe...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Mauritania’s Tortue Delayed To 2H 2023 Amid 15% Cost Hike
...llow majors TotalEnergies, Exxon and Shell snagged swathes of Mauritania acreage in 2017 and 2018, they to date have drilled just one well between them – TotalEnergies’ August 2019 ‘Richat’ dry well on block C-9. TotalEnergies has since relinquished both this block and two others leaving it with just tw...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
QP, Exxon Ramp Up Barzan Gas Output
...e onshore processing facilities, which has forced a complete rebuild. The Barzan partners had eyed 2017 start-up until they detected a gas leak in the offshore pipeline network. QP CEO Saad Sherida al-Kaabi told MEES in late 2017 that “we have had issues with the pipeline. That is not a secret. Th...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021