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Abu Dhabi’s Ewec Eyes New Era Of Low-Cost, Low-Carbon Power
...3Q 2026. Ewec is also tendering for the 273,000 m³/d Saadiyat Island RO plant, which it hopes to bring online in 2027. 1: ABU DHABI’S EWEC GAS FEEDSTOCK REQUIREMENTS FALL 30% FROM THEIR 2017 PEAK DESPITE OVERALL GENERATION SOARING (TWh) 2: ABU DHABI ‘CLEAN’ POWER GENERATION (TWh): OUTPUT HA...
Volume: 68Issue: 31Published at Fri, 01 Aug 2025 -
Oman Eyes Fourth LNG Train Taking Capacity To 15.2mn t/y By 2029
...untry has experienced a gas ‘renaissance’ since 2017 when BP brought online the massive Khazzan gas development. With the second phase Ghazeer expansion successfully added, the field now produces 1.5bn cfd, some 37% of the country’s current non-associated gas output. Added to this is new output from th...
Volume: 67Issue: 31Published at Fri, 02 Aug 2024 -
Neom’s Sustainable Power & Water Plans: Enowa CEO Speaks With MEES
...wn with MEES to discuss the project. The region of Neom is one of the most prominent symbols of Saudi Arabia’s Vision 2030. First announced by Crown Prince Muhammad bin Salman in 2017 as “the land of the future, where great minds and talents can create ground-breaking ideas and think outside the bo...
Volume: 67Issue: 31Published at Fri, 02 Aug 2024 -
Egypt Braces For Prolonged Power Cuts
...ypt’s Electricity Ministry. Fuel oil imports though increased before that, rising to 237,000 tons (1.57mn barrels) for the week beginning 17 July, the highest in Kpler data going back to 2017. This coincided with the beginning of the power cuts. Last year Egypt ramped-up fuel oil burn, as it ma...
Volume: 66Issue: 31Published at Fri, 04 Aug 2023 -
Iran’s Energy Sector: Lots Of Bluster But Limited Progress
...m/year to the sultanate for re-export through the Oman LNG facilities (MEES, 14 March 2014). Notably, Oman was to be supplied with volumes from the Kish field. In 2017 a new route was approved to avoid UAE waters (MEES, 24 March 2017), but other than that there was no apparent progress between the ea...
Volume: 65Issue: 31Published at Fri, 05 Aug 2022 -
Saudi Budget Surplus Tops $20bn
...Saudi Budget Surplus Tops $20bn Freshly released Ministry of Finance figures show that Saudi Arabia posted a $20.8bn surplus in Q2 – by far the highest figure since the ministry began releasing quarterly figures in 2017. Revenues were up across the board, rising by nearly $25bn to $98...
Volume: 65Issue: 31Published at Fri, 05 Aug 2022 -
KRG: Chevron, Genel Press Ahead At Sarta Despite Water Ingress
...latively painlessly. But, given the track record of similar issues elsewhere in Iraqi Kurdistan, it is clearly worth watching. Indeed, Genel is well aware of this given that water-cut issues at its Taq Taq field contributed to massive decline rates (MEES, 31 March 2017). Taq Taq output peaked at 13...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
Algeria: Key Oil Fields At 20-Year Low
...,000 b/d for 1H 2021 is up on 2020 but well down on typical 2017-18 volumes, echoing the long-term decline in the field’s gas output. In Salah, a second project grouping BP and Equinor with Sonatrach, is also in long term decline (see chart). *Algeria knows that it needs to attract more IOC in...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
Japan Crude Imports: Q2 Sees Record Murban Buying
...ngdom on pace to beat the annual record of 40.1% set in 2017. *Japan is under renewed Covid restrictions with cases at their highest level since the start of the pandemic. With the country’s oil imports already on a long-term downward trend, this year is on track to see the lowest imports si...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
Qatar Export Revenues Soar To Highest Level Since 2018
...tal exports. Total gas export volumes this year are running at their highest level since 2017. The latest Jodi statistics show that Qatar has exported 57.18 bcm over the first five months of the year, equating to an average of 15.3bn cfd (see chart 2). Piped gas through the Dolphin pipeline to the UA...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
Iraqi Oil Revenues At Highest Since 2019: Is This Enough To Stabilize The Economy?
...nuary 2017 providing a boost to prices, reserves gradually recovered to hold at more than $65bn in 2019, before dropping sharply in 2020 amid the Covid-19 pandemic. However, the low-point in this cycle was a more modest $55.1bn in November. In addition to currency devaluation, which Mr Allawi re...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
UAE Extradites Former Sonatrach Chief
...rrant related to alleged corruption surrounding the December 2018 purchase of a 200,000 b/d refinery in Augusta, Italy from ExxonMobil (MEES, 11 May 2018). Ould Kaddour was Sonatrach CEO from March 2017 to April 2019, with his ouster coming three weeks after that of former president Bouteflika to wh...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
China’s CNOOC Enters Key Abu Dhabi Concessions
...tablishment of the Al-Yasat JV (Adnoc 60%, CNPC 40%) to explore for oil (MEES, 2 May 2014). Production from Al-Yasat’s Bu Haseer field began in March 2018 (MEES, 27 April 2018). China’s presence in Abu Dhabi then picked up considerably in 2017 when CNPC and Chinese private-sector firm CEFC bought 8% an...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
UAE Emerges As Libya’s Top Condensate Customer
...t, whilst Abu Dhabi sees Libya through a geopolitical prism, for Dubai it’s just business. And at least for now, Abu Dhabi appears to be displaying a level of toleration not afforded to the two previous key suppliers of condensate to Dubai’s Enoc: Qatar until the 2017 blockade (MEES, 9 June 2017), an...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Delek’s Leviathan Endgame: Chevron Entry, Debt Mountain Make Sale All But Inevitable
...cember 2017), may well be interested. Indeed, if Chevron comes to be seen as having escaped lightly in geopolitically terms from its decision to enter Israel, this may well lead other majors and large IOCs to see the country in a different light. For Total and Eni, with Lebanon exploration and a he...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Oil Services Firms: Mideast The Relative Bright Spot Amid North America Carnage
...05, 32.8%) for the first time. And whilst Baker Hughes has since 2017 not split oilfield services revenue by region (aside from ‘North America’ and ‘International’), the Middle East with Asia has almost certainly overtaken North America’s share here too given that the International share rose to a re...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Oman Refining Output Collapses To Three-Year Low In Q2
...port revenues for the financially challenged sultanate. Oil products exports brought in $2.71bn and $2.41bn in 2018 and 2019 respectively (a not insignificant 10% of total oil and gas export revenues), up from just $1bn in 2017 (MEES, 27 March). But, like many other facets of the oil industry, the co...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Solar Prices Fall To New Record Low With Abu Dhabi Award
...ES, 13 January 2017). Despite the growing momentum, a long path lies ahead. MEES calculates that by end-2022 renewables will account for around 12% of the UAE’s powergen capacity. EXPERIENCED PARTNERS All four members of the consortium have a track-record of operating within the UAE’s de...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Saudi Budget Deficit Balloons In Q2 As Revenues Crash
...gan releasing quarterly data in 2017 (see chart 2). The previous low in the series was 3Q 2017’s $37.89bn. The biggest fall was for oil revenues, which fell 45% from $46.6bn in Q2 last year to $25.5bn in the same quarter this year. Despite the steep fall, the share of oil in the overall revenues ro...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
KRG Gets Vote Of Confidence From Key Upstream Players
...st two years. Until recently, Erbil was squabbling with foreign operators over payments, which hindered investment and output (MEES, 10 February 2017) – a reality further exacerbated by the loss of revenues from 280,000 b/d worth of production after Baghdad retook key Kirkuk fields following the fa...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019