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Oman Posts Record Gas Output For 1H 2024
...om 2023’s record 5.0bn cfd. Production has been on a sharp upwards trajectory over the past decade, rising from 3.5bn cfd in 2014 thanks to the commercialization of sizeable unconventional gas deposits. Total gas availability is higher still at 5.4bn cfd, a figure that includes approximately 20...
Volume: 67Issue: 30Published at Fri, 26 Jul 2024 -
Egypt’s Mature Onshore Sees Signs Of Output Growth
...s been on an almost continuous downward trend since upstream investment collapsed in 2015 following a halving of oil prices in late 2014 (see chart 1). Cuts to upstream budgets in 1H 2020 delivered a further kick in the teeth (MEES, 31 July 2021) But some smaller producers are beginning to boost in...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Iran’s Petropars Wins $1.3bn South Azadegan Contract
...rst phase of North Azadegan, but was kicked off of the South Azadegan development for slow progress in 2014 (MEES, 9 May 2014). Since then, Pedec has been responsible for its development. After the previous round of sanctions was eased in 2016 and Iran set about courting IOCs, a number of high pr...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Kuwait-Saudi Talks Spark Renewed Speculation Over Neutral Zone Restart
...tween the neighboring states, but was shut in over the course of 2014 and 2015 due to disputes over its management. Kuwait’s state news agency Kuna reported that the 24 July talks came amid a series of consultations and coordination over how to restart PNZ production. These discussions have resolved al...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
CNPC Hot Favorite In Abu Dhabi Opening As Adnoc Eyes Chinese Downstream
...though it was inaugurated in July 2012, this was largely symbolic (see p10) due to engineering problems which persisted for some time. But all appears to have been forgiven. First CNPC was awarded a 40% stake in the Al-Yasat JV with Adnoc (60%) in 2014. This started producing crude from the offshore Bu...
Volume: 61Issue: 30Published at Fri, 27 Jul 2018 -
Total Shrugs Off Regional Tensions, Eyes Further Qatar Projects
...17 chg % 2Q16 2012 2013 2014 2015 2016 ME...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Oman’s Million Barrel First Half Can’t Prevent Revenue Decline
...lf of 2016 totaled $5.74bn, down from $9.04bn in the same period last year, and from $15.14bn in the first half of 2014 when Omani oil averaged $105/B. Although the average price of DME Oman has slipped by around $2/B in July from June’s $46.62/B, there is typically a lag before this is felt in th...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Korea Cuts Buying Of Gulf LNG Despite Price Collapse
...th 2014. Outside of the MENA countries, Indonesia (No 3 overall) and Malaysia (No 4 ) are Korea’s key LNG suppliers (see table, p5). YEMEN LNG OUT Yemen was Korea’s fifth largest supplier for 2014 – and conversely Korean state firm Kogas the biggest customer of Total-led Yemen LNG. But first ha...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Another Summer Of Discontent For Iraq’s Basra Amid Power Shortages
...tput was flared, up from 67% a year earlier. With gross production rising, the absolute volumes of flared gas have risen further: up by 69mn cfd or 5.5% versus January-May 2014, and almost double 2010 levels (see table). Exacerbating the impact on the population of southern Iraq is that alternate fu...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Syria: Output At 17KB/D
...SYRIA Crude oil production from government-controlled areas of Syria has averaged 17,000 b/d in the first half of 2014, or 4.4% of pre-war volumes of 385,000 b/d, the country’s Minister of Petroleum and Mineral Resources Sulaiman al-‘Abbas said this week. This, according to government st...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Falling Oil & Gas Exports Hit Algeria’s Trade Surplus
...ALGERIA Algeria’s trade surplus fell by 19.4% to $3.9bn in the first half of 2014, from $4.84bn in the corresponding period of 2013, latest official customs statistics show. This comes on the back of a 2.2% fall in the value of hydrocarbon exports to $32.23bn in the first six months of th...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Wintershall Set To Explore Shuweihat As IOCs Help Abu Dhabi Boost Gas Production
...til 2015 (MEES, 1 March). ADNOC insists that the project is on track for start-up in 2014....
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
US Mulls Further Tightening Of Iran Sanctions Screw
...e calling for restraint until the new administration signals its intentions on Iran’s disputed nuclear program. This latest legislation passing through the US House of Representatives and Senate would effectively blacklist the country’s mining and construction sectors – effective January 2014...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Abu Dhabi: Onshore Pumps 1.5Mn B/D, Investing $40Bn
...y through a five-year, $40bn plan to lift hydrocarbons output, including oil, gas, petrochemical and refining plants, said Muhammad al-Suwaidi, head of the ADNOC gas directorate. ADNOC hopes to complete a 417,000 b/d, $9.6bn new refinery at Ruwais in 2014, and gas developments account fo...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Aramco Rigs To Hit 200 By End-14, But Drilling Delayed
...rther. Aramco will use 170 rigs by end of this year or early 2014, Paal Kibsgaard, CEO of services giant Schlumberger told a 19 July investors’ conference call to mark the firm’s 2Q13 results. Schlumberger and Saudi independent consultant Husseini Energy have upgraded Aramco’s need from respective es...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013