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Oman Maintains Upstream Spending Despite Revenue Collapse
...mains on track for completion in 2018, the company said at the presentation of its first half results last week. Petrofac’s other upstream projects in Oman – the Yibal Khuff integrated oil and gas facility (2020), and the Khazzan central progressing facility (2017) – also remain on schedule. But co...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Aramco Eyes Houston Refining Hub As Motiva Break-Up Advances
...king over the 600,000 b/d Port Arthur refinery near Houston, currently operated by Motiva, its 50:50 US refining joint venture with Shell. Motiva is in the process of being disbanded, this week confirming that it aims to complete the separation by 1 April 2017. Aramco will get associated storage an...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
US Output: Is The Bottom Near?
...• The US government’s Energy Information Administration (EIA) has revised down its expectations for the fall in crude output in both 2016 and 2017. It now forecasts 2016 output of 8.77mn b/d, down 650,000 b/d on 2015’s record 9.42mn b/d. For 2017 it forecasts 8.51mn b/d, down a further 26...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Qatar’s Banks Look Abroad To Boost Liquidity
...ar and with fresh supplies set to hit the market, prices look to be depressed for the foreseeable future. Some of this additional volume is slated to come from Qatar. The 1.4bn cfd Barzan project is set to come online in November and reach full capacity in the first half of 2017 according to Re...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016