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Qatar’s NFPS Ensures Legacy LNG Facilities Maintain Capacity
...tar carried out was the Plateau Maintenance Project (PMP) which started up in 2014. It involved brownfield work in the North Field and a revamp to onshore facilities aimed at maintaining the 10mn t/y capacity at its oldest three trains (MEES, 17 October 2014). Like the PMP project over a decade ag...
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
...supply nearby power plants. That said, oil ministry data seen by MEES put output below 10,000 b/d in early-2024 and an informed source says operations have been undermined by the security situation in the area. The field suffered severe damage after the ISIS takeover in 2014 and Iraqi security fo...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Japan’s PM Eyes Oil, Gas Cooperation From Middle East Tour
...G. The end-2021 expiry of Jera’s contract to purchase 5mn t/y of LNG from Qatar resulted in volumes plummeting. Having tussled with Australia and Malaysia to be Japan’s largest LNG supplier a decade ago, Qatari supplies have slumped from 16.14mn tons in 2014 to just 2.88mn tons for 2022 (see ch...
Volume: 66Issue: 29Published at Fri, 21 Jul 2023 -
Libya Oil Outages Highlight Continued Instability
...vel with late-2019 as the highest monthly figure since February 2014 (see chart 3). 1: LIBYA’S CRUDE OUTPUT LEVELS HAVE BEEN HIGHLY VOLATILE SINCE THE EARLY 2011 REVOLUTION (‘000 B/D)… *AS PER OPEC ASB FOR SOME YEARS (INCLUDING 2022) THIS DOES NOT TALLY WITH NOC’S BY-CONCESSION FIGURES. NA...
Volume: 66Issue: 29Published at Fri, 21 Jul 2023 -
China 1h Crude Imports: Bumper Mideast Share Under Threat From Russia
...years – beating 2014’s 52.2% (see chart 2). In reality, this now looks unlikely: the recent increase in Russian volumes saw the Mideast market share slump to 46% for June. This came as China’s overall import volumes fell to a four-year low of 8.76mn b/d for June. Perhaps not surprisingly Saudi Ar...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
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 -
Morocco’s Disputes With Algeria & Spain Heat Up As Pipeline Deadline Looms
...me again in line with average 2014-18 Algeria-Spain volumes of 18bcm/y without recourse to GME. Algeria’s liquefaction facilities typically operate at below 50% of their combined 25.5mn t/y capacity, with the latter equating to around 30bcm/y of gas (MEES, 25 June: Algeria’s smaller Skikda plant re...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Israel’s Delek Drilling Eyes $2.5bn Leviathan RBL Facility
...th which to meet fixed debt repayments. Exactly this pattern bankrupted Mena-focused Irish independents Circle Oil and Petroceltic in the wake of the halving of crude prices from $100/B-plus in the second half of 2014 (MEES, 19 June 2015). And it has near-bankrupted the Delek Group, which has be...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Opec Oil Revenues Set For 17-Year Low In 2020
...8% annual increase, but also the highest figure since 2014. This was thanks to a 19% increase to 207,000 b/d in crude export volumes as Gabon paid little, if any, heed to its Opec commitments. Gabon is also one of the very few Opec members to have shown little sign of improving compliance during the cu...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Korea Crude Imports Fall 9% In 1h 2020 Despite Saudi June Boost
...*Global number five crude importer South Korea has been hit less hard by Covid-19 than several key western economies. But its crude imports still fell 9% to 2.72mn b/d for 1H20. As yet there is no sign of a rebound, June imports at 2.47mn b/d were the lowest monthly figure since 2014, whilst Q2...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Algeria: Fresh Output
...19 averaged 1.025mn b/d, and while this is up 5,000 b/d year-on-year, it still represents a 15% fall over the past five years. Output averaged 1.209mn b/d in 2014, but has declined each year since amid investment declines. The picture on the gas front is also worrying. In the first four months of 20...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Bahrain’s Troubled Banking Sector Set For Turbulent Times
...hrain’s banking and finance sector has faced a considerable slew of challenges – challenges that show no sign of abating. The government’s finances have been hit hard by the crash in oil prices since the end of 2014, forcing it to tap the bond markets in an effort to plug its budget deficit and le...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Iraqi Authorities Feel The Heat As Protests Boil Over
...wer sector. IRAQ: EXPORT REVENUES ON PACE OF 2014 LEVELS IN 1H 2018 *FORECAST BASED ON CURRENT CRUDE FUTURES PRICES. SOURCE: IRAQ OIL MINISTRY, MEES CALCULATIONS. EXPLOSIVE PROTESTS Some of the most high-profile protests have been those held outside some of Ir...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Saudi Products Exports At Record Highs
...gion in the first four months of the year already the highest annual figure shipped in four years – 942,000 tons was shipped there in 2014. As a market for Saudi products North America is dwarfed by Europe and that is unlikely to change, particularly given its proximity. Saudi Arabia exported re...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Saudi Arabia Struggling To Reform Economy Despite Ambitious Plans
...is was a 0.9% fall in real terms. Overall, non-oil’s share of Saudi GDP dipped from 74.3% in 2016 to 71.5% last year. By contrast, in 2014 prior to the worst of the oil price fall, non-oil accounted for just 57.0% of the total, and Riyadh is keen to prevent a return to those days. But it will prove a ha...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
South Korea 1H18 LNG Imports: Qatar Volumes Up %20 Year-On-Year, Share Up To 32%
...LUMES SINCE 2014; US RISES TO #3 WITH RECORD 2.29MN T DELAYED PLANT START-UPS MEAN AUSTRALIA’S RAPID GROWTH IN MARKET SHARE IN RECENT YEARS WENT INTO REVERSE: BOTH QATAR AND THE US GAINED AT AUSTRALIA’S EXPENSE IN 1H18 (% OF IMPORTS)...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Upstream Investment: Are Shortfall Fears Overblown?
...The IEA and others continue to flag up an investment ‘shortfall’ and supposed coming supply crunch. Are such worries overstated? Global upstream capex was $434bn in 2016, a multi-year low. This was down 25% from 2015 and 40% below the 2014 peak of $730bn, according to the IEA’s ‘World En...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Algeria Re-Tenders 3.6bcm/y Ain Tsila Gas Development
...September 2014. In June 2015, Petroceltic was still bullish that the EPC award would be made by the end of the year: then Chairman Robert Adair flagged up a likely EPC award and the start of development drilling “before the end of 2015,” with progress here “the key determinants” of hitting the th...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Suez Canal Revenues Show Signs Of Recovery In 2017
...e October 2015 downing of a Russian charter jet over the Sinai peninsula (see chart). The fall in Suez Canal revenues has been more modest: 2016 revenues were down 3% on 2015 and 9% on 2014’s record takings (MEES, 20 January). Flows through the canal are seasonal, with Q3 typically the high po...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017