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Libya’s Oil Production Gains May Flatter To Deceive
...bya’s oil sector since late 2014 did not give much reason for hope. Prior to 2017, the last time that oil output had exceeded 600,000 b/d was in the first half of April 2015; the last time that it averaged more than 600,000 b/d over the course of a month was in November 2014. The figures for 2017 ha...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017 -
UAE Moors 2nd FSRU As It Looks To Take Advantage Of Cheap LNG
...duce the imperative to bring fields online. Spot LNG prices in East Asia fell from around $14/mn BTU in the first half of 2014 to around $5.5/mn BTU currently, as more liquefaction capacity has come onstream (MEES, 17 June), and demand growth has faltered. Prices were recently bolstered partly by above av...
Volume: 59Issue: 33Published at Fri, 19 Aug 2016 -
Egypt Receivables Hit $6.3bn, Up Almost $1bn From Start Of 2015
...ternational oil companies (IOCs) in late 2014: payouts that saw the receivables total fall by close to $3bn in the second half of the year, ending the year at just under $5.5bn. But dues have climbed sharply since, hitting $6.3bn at the end of June, up $861mn on six months earlier, according to MEES ca...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Japan’s Inpex Eyes Iran Return Post-Sanctions
...PORTS Japanese oil imports from Iran averaged 172,800 b/d in the first half of 2015, down 0.8% year-on-year according to latest figures from Japan’s Ministry of Energy, Trade and Industry (METI). This helped maintain Iran’s position as Japan’s sixth largest oil supplier over this period, as in 2014. Ja...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Decision Looming To Revive Israeli Upstream
...en ongoing since earlier this year but have intensified, following the appointment of Yuval Steinitz as Energy Minister on 21 May. Noble had halted operations in Israel and laid off staff in the first quarter of 2015 in protest, after Antitrust Authority Commissioner David Gilo ruled in December 2014 th...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Oman Oil Production Hits New Record; On Course For 2015 Target
...e number of active drilling rigs in the country has been at record levels of around 70 in recent months – though numbers dipped to 67 for July (see p7). Output averaged 943,000 b/d for 2014. Oman’s oil exports too are running at record levels, averaging 871,000 b/d in the first half of this ye...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Oman’s Orpic Evaluating Bids For Liwa Plastics, Eyes $4bn Finance Package
...ys Orpic chief executive Musab al-Mahruqi. Orpic announced the pre-qualified bidders in December 2014, and subsequently worked with the firms to form 19 bidding units (MEES, 19 February). CB&I is among the bidders for the EPC contract for the cracker, for which it has already been awarded the te...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
GCC Countries Keep Drilling At Record Levels As Us Rigcount Looks To Rebound
...6), with a record 71 active drilling rigs. The rigcount eased to 67 for July, though this remains well above the 2014 average of 59. US DRILLING SHOWS SIGNS OF RECOVERY AS GCC RIGCOUNT REMAINS AT RECORD LEVELS US OIL RIGCOUNT DOWN 60% FROM OCT ‘14 PEAK BUT CRUDE OUTPUT RESILIENT*...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Kurdistan Grapples With ISIS Threat; Oil Output Steady For Now
...hedule. At Tawke, two wells have come onstream at a combined rate of 37,000 b/d, with surface processing capacity set to increase by 100,000 b/d to around 200,000 b/d by year end. All things being equal, the KRG could conceivably attain its 400,000 b/d target by end 2014 if the pipeline issues are re...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Former Algerian Minister Latest Casualty In Widening Oil Corruption Scandal
...ans and repairs to the Skikda LNG plant damaged by an explosion in 2004 have been delayed while a new plant being built at Gassi Touil is behind schedule. Other projects on the backburner, include the Galsi pipeline project to Italy, which was due to be operational in 2014 but is now on hold du...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013