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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 -
Qatar Boosts Eni, Total Links With Kenya Entry
...isting work in Oman. QP works less with Total internationally, it has a 15% stake in Total Congo since 2014, while the pair made a discovery offshore South Africa in February (MEES, 8 February). More importantly, Total has a 30% stake in Qatar’s 300,000 b/d Al Shaheen field. CEO Saad al-Kaabi is ad...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
Oman Cuts Deficit, But Oil Dependence Remains
...til the crash in oil prices in 2014, Oman ran near balanced budgets and only had around $4bn in gross debt, or 5% of GDP. But after four hard years of hard borrowing to cover costs and avoid civil unrest (MEES, 23 November 2018), the IMF projects that Oman will exit the year with $49bn in debt (61% of...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
Mauritania: Tullow Quitting
...bsequent finds (MEES, 5 July). Prior to Tortue, Mauritania’s key (albeit more modest) gas find was the 1.5tcf Banda field. However then-operator Tullow shelved development plans after oil prices crashed in late 2014 (MEES, 13 February 2015). The firm hasn’t looked forward in Mauritania since....
Volume: 62Issue: 30Published at Fri, 26 Jul 2019