- Sort by:
- Score
- Published ▼
-
BP Sets Sights On Expanded Libya Operations With New MoU
...ngtime ruler Muammar Gaddafi started just as BP was preparing to drill its first well in February 2011, and drilling only started in October (MEES, 1 November 2024). The start of that Eni-led drilling campaign, coupled with this week’s MoU points to Libya potentially emerging as an important co...
Volume: 68Issue: 28Published at Fri, 11 Jul 2025 -
Sudan War Leaves South Sudan Desperate For Export ‘Plan B’
...o on 9 July 2011, the conflict has serious implications for the country. South Sudan’s economy is dangerously dependent on oil, which accounts for 90% of government revenues according to the IMF. This is exported to global markets via a 1,600km, 250,000 b/d capacity pipeline to the Bashayer export te...
Volume: 66Issue: 28Published at Fri, 14 Jul 2023 -
Biden Arrives In Saudi On Quest For Oil: How Much Does The Kingdom Have In Reserve?
...pex (MEES, 26 March 2021). This was reflected in a steep drop in the number of completed wells in 2021 according to the Opec Annual Statistical Bulletin (ASB). This report shows the number dropping from 580 in 2019 to just 314 for 2021. Not just was that the lowest number since 2011’s 312, it...
Volume: 65Issue: 28Published at Fri, 15 Jul 2022 -
Tethys Oil Expands In Oman With Extra Southern Block
...,000 b/d Blocks 3&4. Athens-based CCED holds 50% and Japan’s Mitsui holds the remaining 20%. Outside Blocks 3&4, Tethys’ only other producing asset is a 25% non-operating stake in a small Lithuanian field, netting it less than 100 b/d. Blocks 3&4 began pumping in 2011 and gradually ramped up to an an...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Taiwan Crude Imports: Total & Mideast Volumes Stay Low
...y major importer, suggest the world is in for a long slog in terms of the rebound of oil demand from Covid-19. At an average of 790,000 b/d for the first half of 2020, volumes are down almost 14% year on year (see table), putting the country on pace for the lowest annual figure since 2011. And th...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Sisi Approves Cyprus Pipeline
...lek (30%) agreed last month with Nicosia to revise the terms of a production sharing contract signed for the field (MEES, 7 June). This was seen as a major breakthrough to finally develop the 2011 discovery, although first gas is still not slated until 2025, following the completion of further ap...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
Algeria: Reserves Slump To 12-Year Low, But Country Has Bigger Problems
...Algeria’s foreign reserves stood at just $90bn as of end-May, well under half levels during the 2011-14 years of $100/B-plus crude. The IMF says it expects reserves to fall further to $83bn by end-2018 and below $50bn by end-2020 (see chart). But as the Washington-based institution makes cl...
Volume: 61Issue: 28Published at Fri, 13 Jul 2018 -
GCC States Double Down On Gas Development
...M) 2007 2008 2009 2010 2011 2012 2013 20...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Delayed Projects To Shave Cumulative 80bcm From Algeria’s Gas Output By 2020
...nouncement that a consortium of the state company with Thai and Chinese counterparts PTT (24.5%) and CNOOC (24.5%) had confirmed the potential of the Hassi Bir Rekaiz block in the southeast, on which exploration has been ongoing since 2011 (MEES, 17 February). Against the background of bid round fa...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Cairo Advances Energy Sector Privatizations
...ck to levels last seen at the start of the 2011 revolution. Egypt received the first $2.75bn tranche of the IMF cash last November with a second, $1.25bn, tranche approved on 13 July. The IMF delegation came to Egypt to review the reforms with the government last May. They announced in a st...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
US Output Growth: Records Tumble But Is A Slowdown On The Way?
...me high of 14.075mn b/d in May and rose further to 14.173mn b/d in June. Growing output means that domestic production is now equivalent to 70% of US domestic demand, up from 47% in 2011, and this despite US demand rising to a 9 1/2 –year high of 20.30mn b/d in June. Gasoline demand, at 9....
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Tunisia Oil Output At 41-Year Low
...ghlights the amorphous range of protestors and grievances that has hit Tunisian output since the 2011 revolution ushered in an era not only of democracy but of instability. • Investment has nosedived with yet another company – cash-strapped London-listed Gulfsands – to quit the country after the May ex...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Syria’s Ongoing Conflict Inflicts Huge Loss Of $226bn To GDP
...The conflict which has ravaged Syria since 2011 has taken an extraordinary human toll, with more than 400,000 killed and millions displaced. The destruction has also leveled much of the country’s infrastructure, inflicting cumulative GDP losses estimated at $226bn (in 2010 prices) by the end of...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Iran Takes Major Step Towards New Contracts. But Will IOCs Bite?
...th Iranian crude. More significant however, is French supermajor Total’s signing of an MoU in March to produce a development plan of the 42bn barrel South Azadegan field (shared with Iraq, where it is known as Majnoon). Chinese state-firm CNPC was awarded the field under a buyback contract in 2011...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Qatar LNG: More Sales To Europe But Flexibility The Key
...tight supply, such as following Japan’s Fukushima nuclear disaster in 2011, they have been able to divert cargoes from Europe to higher-priced markets in Asia. But since 2014 less Qatari LNG has been redirected to Asia due to slow demand growth and increased supplies including from Papua New Gu...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Israel Switching To Gas From Coal As Tamar Ramps Up
...ek suggested that Zohr might be in line for a reserves upgrade (see p5). Noble, Delek and, since last year, BG hold the right to Cyprus’ only gas discovery to date, 5 tcf Aphrodite discovered in 2011 close to the Israeli maritime border. Subsequent exploration by Total and Eni on nearby blocks (in...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
A Tale Of Two OPECs: GCC Drills For The Future, Periphery Slashes Spending
...ganization’s share of what Baker Hughes calls its ‘International’ rigcount (excluding North America, China, Russia and the Caspian) has actually risen from 39% to 45% over the same period (see charts 3 & 4). Opec’s share has risen further over a longer time horizon: it was 32% in 2011. ‘GCC Opec’s rig co...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
OPEC Drilling By The Numbers: ‘Annual Wells Drilled’ From OPEC’S 2016 Statistical Bulletin
...sewhere meant that Opec’s share of global drilling has risen from 4.1% in 2011 to 5.2% last year. The global total is boosted by shale developments in the US and Canada, where production in the 10s of thousands of barrels a day can involve 100s of wells....
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Syria: Trauma To Last For Years Even If A ‘Deal’ Is Struck
...sewhere, the Kurds hold about 5% of the territory in the north while the government retains possession of most of the west and some parts of the south, where large parts are also held by anti-regime forces. 4.7MN REFUGEES, 7.6MN MORE DISPLACED Since March 2011, the population of Syria, estimated at 22...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Algeria Pushes New Refineries Beyond 2020, Fuel Deficit To Worsen
...oducts output averaged 651,000 b/d in 2014 – comfortably above total domestic demand of 391,000 b/d. But the data for gasoline and diesel makes for less comfortable reading. State firm Sonatrach has had to import both gasoline and diesel since 2011, with volumes reaching a peak of 39,000 b/d and 53...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015