- Sort by:
- Score
- Published ▼
-
KPC Seeks IOC Investment As It Chases Down 4mn B/D Target
...wait and Saudi Arabia. The two subsidiaries are in the process of being merged as KPC seeks to streamline its operations (MEES, 26 July 2024). KOC capacity fell from 3.151mn b/d in 2017-18 to just 2.629mn b/d in 2020-21, before gradually edging up to its current levels. The firm hasn’t released ca...
Volume: 67Issue: 29Published at Fri, 18 Jul 2025 -
New Egypt Gas Increments Slow Output Declines
...t to lift the project’s output to 420mn cfd, the highest level since 2017. It’s still a far cry from peak WDDM output of just over 2bn cfd in 2008. Since then, new development phases have aimed to keep the project alive rather than return output to previous heights. Shell is now looking for an in...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
US Sanctions On Vs Oil Terminal Give Iraq A Headache
...ll as Iraqi oil” in the past through AIS signal spoofing in the Gulf. Iraqi authorities are investigating whether any volumes had been sold to either of the two companies in recent months. Between 2017 and 2019, Mr Said’s UAE-based Al-Iraqia Shipping Services & Oil Trading FZE (AISSOT) was given ex...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Drone Attacks Force Shutdown Of Key Kurdistan Oil Fields
...ersee security since ISIS was ousted in 2017. The field fell under ISIS control in 2014, and the security situation in the area remains precarious. SANCTIONS RETALIATION? Iraq’s deal with HKN comes as Baghdad has been trying to convince US companies to invest in the country’s energy se...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
HKN Signs Preliminary Deal For Development Of Federal Field
...rces did not retake the field until 2017. Mr Abdulghani says that output is currently piped for processing at the neighboring Ajil field, operated by Kurdish conglomerate Kar. It is currently producing around 10,000 b/d. Output from Ajil and other small NOC fields is typically refined in federal re...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Korea Crude Imports: New UAE Record
...ril’s 570,000 b/d was a 21-year high on a monthly basis (MEES, 17 May). *Korea’s overall crude imports were up 1.5% at 2.82mn b/d for 1H 2024, putting 2024 on track for the highest annual figure since 2019, albeit some 210,000 b/d below the record annual figure of 3.03mn b/d set in 2017. South Ko...
Volume: 67Issue: 29Published at Sat, 20 Jul 2024 -
Kuwait Upstream Costs Soar
...ntre (GC-32) which was intended to offset declines elsewhere at the field. The 120,000 b/d facility was awarded to British firm Petrofac in March 2017 and was scheduled to come online in mid-2020. It has yet to be completed. UNCONVENTIONAL AND DIFFICULT The other major ju...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
Saudi Crude Burn Soars
...*Saudi Arabia’s crude oil burn jumped by 130,000 b/d to 582,000 b/d in May. Not just was this up a massive 185,000 b/d year-on-year, but it was the highest May figure since 2017 (see chart & p23 for full Saudi May oil data). Crude oil is burned in power and desalination plants where gas is no...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
Algeria: Record Gas Output
...an 3bcm higher than the previous record for the first five months of the year set at 42.32bcm for 5M 2017 (see chart 1). This puts Algeria on track to smash annual output records of 94.8bcm and 94.5bcm set in 2016 and 2017 respectively, and possibly even break the 100bcm mark. That said, an an...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Oman Unveils 2021 Upstream Bid Round
...ospect, which had been slated for 2020, appears to have been dropped amid the Covid-19 pandemic. The relinquishment “after an unsuccessful exploration programme” marks Mol’s departure from Oman after having relinquished Block 43B in 2014 (MEES, 31 March 2017). BLOCK 23: OFFSHORE APPETITE? Th...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Saudi Arabia Caps Gasoline Prices Amid Rising Inflation
...s slashed fuel subsidies over the past five years, and the upshot has been that even before the pandemic, domestic consumption of diesel and gasoline had fallen below their peaks of 2015 and 2017 respectively. However, the government’s decision to triple VAT from July 2020 has resulted in a sh...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Iran: Local Firm To Develop Yaran Field Iran: Local Firm To Develop Yaran Field On Iraq Border On Iraq Border
...ES, 15 July 2016), but subsequent sanctions from the Trump Administration warded off foreign interest and forced the cancellation of already penned agreements – most notably Total’s (and CNPC’s) $4.8bn South Pars phase-11 deal (MEES, 7 July 2017). IRANIAN EFFORT For years, Yaran has be...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Israel’s Delek Drilling Eyes $2.5bn Leviathan RBL Facility
...ble and Delek have struggled to overcome geopolitical headwinds to fulfill the field’s full potential. It took seven years from 2010 discovery before FID was finally taken in 2017. And this was for a greatly scaled back 12bcm/y (1.2bn cfd) development, little more than a third of planned 3.2bn cfd ou...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Aramco Shakes Up Downstream Operations
...cal industry and the grid (MEES, 3 July). Aramco has announced a plan to seek a license to sell electricity directly (MEES, 20 October 2017). ...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Tunisian PM Resigns
...ly blocked the main oil pumping station at Kamour, threatening output losses from the south. The protestors say the government must live up to a 2017 agreement which promised investment and jobs in the region’s oil industry (MEES, 26 June). ...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
New Partnership Expands Qatar’s Footprint In The US
...tween Chevron and Phillips 66, says that FID on the petchems facility is expected to be “no later than 2021.” Mr Kaabi is keen to fix this aberration and a move into the US upstream sooner or later looks probable. He told MEES in late 2017 that “We are working on buying upstream assets and reserves in...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Egypt: Ain Sukhna Hub Plans Gather Pace
...pacity is rising to 7.2mn barrels (see p7). This also includes expansion at Sidi Kerir, where Aramco is to lease 222,000 m³ of gasoil storage. EGPC receives roughly 500,000 barrels per month of crude oil from Saudi Aramco, under a deal which began in late 2017, while it also receives varying rates of tr...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Israel Bid Round Flops
...cal firm Israel Opportunity. It is yet another disappointing turn-out for Israel, just 12 months after a previous bid round flopped (MEES, 24 November 2017). Hopes were raised that US major ExxonMobil, which has made recent forays into Egypt and Cyprus, would take part after it purchased a $50,000 da...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Aramco Trading Volumes Surge, With Crude Playing Enhanced Role
...st year saw it emerge as an increasingly active, albeit modest in scale, crude trader. Overall liquids volumes rose from 1.40mn b/d in 2017 to 2.17mn b/d in 2018 (see chart), and the firm says that it exited the year in excess of 4mn b/d. Volumes rose to 4.5mn b/d in 1Q 2019 and are planned to reach 6m...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Libya Adds Powergen Capacity But Remains In The Dark
...return but so far, they have been unwilling, fearing for the safety of their staff. Turkish contractor ENKA and turbine provider Siemens pulled their staff out of the Ubari project back in 2017 after four workers were kidnapped and they haven’t returned since (MEES, 24 November 2017). While Ge...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019