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Cyprus’ Aphrodite Enters Make Or Break Period
...a unitization agreement between Cyprus and Israel: a small portion of the field crosses into Israeli waters, where it is called Ishai. Despite Aphrodite’s discovery in 2011 and the friendly nature of the two countries’ relations, no deal has been hashed out to-date, although efforts have ac...
Volume: 65Issue: 30Published at Fri, 29 Jul 2022 -
Kuwait Eyes Long-Delayed Jurassic Gas Expansion
...ES, 27 June 2011). The EPFs are at three of Kuwait’s northern Jurassic sour gas fields, development of which has stalled since 2010 when Shell signed an Enhanced Technical Service Agreement (ETSA). The contract was subject to considerable parliamentary scrutiny: the public prosecutor only dropped it...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
ExxonMobil, Statoil & QP Make First Forays Into Cyprus’ Offshore
...ntains Cyprus’ sole gas-find to-date, the 5 tcf Aphrodite, which was discovered in late 2011 by US-firm Noble and Israeli partner Delek. UK firm BG (since taken over by Anglo-Dutch major Shell) purchased a 35% stake in the field from Noble in November of last year (MEES, 27 November 2015). Eni is bidding fo...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Korea Cuts Buying Of Gulf LNG Despite Price Collapse
...igh on hub and spot prices. SOUTH KOREAN LNG IMPORTS BY COUNTRY OF ORIGIN Volume (mn tons) 2008 2009 2010 2011 2012 2013 20...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Another Summer Of Discontent For Iraq’s Basra Amid Power Shortages
...s Company with 51% and Japan’s Mitsubishi with 5%. IRAQ GAS PRODUCTION (MN CFD) 2009 2010 2011 2012 2013 2014 Ja...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Libyan Oil Output Edges Up As Fighting Threatens Recovery
...rsa el-Hariga, according to traders. Political Compromise Possible? If the ports remain open, the exports routes can accommodate a revival of oil output. Libya produced 1.6mn b/d prior to the 2011 revolution, and only just fell short of these volumes in 2013 before strikes and blockades in...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Syria: Output At 17KB/D
...atistics, is down 11,000 b/d on output in the corresponding period last year. Syrian gas production has also shrunk by half to 16.36mn cmd (578mn cfd) in 1H14 from about 30mn cmd (1,059mn cfd) in March 2011, when the upheaval started. Mr ‘Abbas explained that the Syrian authorities had lost to the Ji...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Falling Oil & Gas Exports Hit Algeria’s Trade Surplus
...s regularly voiced its concern about the rise in imports and the fall in hydrocarbons exports. This has been the trend since 2011, when the trade surplus fell from $26.24bn to $21.49bn in 2012 (down 18.1%) and to $11.07bn in 2013 (down 48.5% from 2012). Algeria’s Trade Statistics ($Bn...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
230,000 B/D Garraf Joins List of Delayed Iraqi Projects
...late 2011/early 2012, causing a delay of at least two years to the original 2015 phase 1 start-up (MEES, 26 March 2012). Current project manager, CH2M Hill believes it can still make the 5.2mn b/d phase 1 start up by 2017 (MEES, 22 March), but most Iraqi oil investors are skeptical. A high pr...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Wintershall Set To Explore Shuweihat As IOCs Help Abu Dhabi Boost Gas Production
...eathing tanks. Three workers had previously died from hydrogen sulfide at the Shah oil field on the same site (MEES, 4 April 2011). Unlike Shah – which is isolated in a mostly unpopulated quarter of Abu Dhabi’s desert – Bab is near heavily populated areas such as the Habshan gas processing hub. Sh...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
US Mulls Further Tightening Of Iran Sanctions Screw
...porting oil from Iran. Washington in December 2011 passed legislation cutting off access to the US financial system for foreign financial institutions involved in oil trade with Iran, unless their home countries were given a waiver by committing to reduce oil import volumes from Iran. Each im...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013