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Algeria: Key Southwest Gas Field Start-Ups Boost Exports To 7-Year High
...liant on gas for 99% of power generation. The gains in pipeline deliveries to key market Italy are more striking still, with 8M 2023 volumes of 15.47bcm (2.25bn cfd) the highest since 2011. And after April’s 11-year monthly high of 2.96mn cfd (MEES, 5 May), June, July and August were all the hi...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Oman’s PDO Targets 19-Year High Crude Output
...ghest level since 2004 and more than 100,000 b/d above 2011’s nadir. PDO aims for further substantial near-term gains, with the firm targeting 700,000 b/d crude oil production by 2024 (MEES, 5 June 2020). The latest sustainability report cites the Yibal Khuff Project (YKP) as central to achieving th...
Volume: 65Issue: 37Published at Fri, 16 Sep 2022 -
Libya’s Oil Exports: What’s At Stake?
...utdowns have always remained a threat since the collapse of the Gaddafi regime in 2011. Production has been affected by armed groups seeking political leverage, local grievances and problems related to the industry’s decrepit infrastructure. Funding issues and weak security have also prevented much-needed up...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Gulf Producers See Rig Count Slump
...ing forward. The situation is especially acute in the offshore, where the rig count slumped to 15 for July and August. This is the first time since 2011 that the offshore rig count been at or below this level for two consecutive months. It comes after Aramco suspended a number of contracts for rigs th...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
East Med: Hope Despite Dry Cyprus Well, Lebanon Bid Round Deadline Delayed
...plans to drill two wells back-to-back in the second half of next year. Cyprus’ only success came in December 2011 when US firm Noble Energy discovered the 5 tcf Aphrodite field on Block 12. But the field is some 160km offshore in 1,700ms water depth, which makes stand-alone development un...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
War-Torn Yemen Maintains Steady Crude Exports; China, Thailand The Key Buyers
...te 2011 (MEES, 28 November 2011), whilst Block 10 was relinquished by Total in December 2015 after the Yemeni government made clear to the French firm that its production agreement would not be renewed. These blocks are situated in the relatively-secure Masila basin in Hadhramaut province, part of...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
UAE Looks To Offshore Gas To Ease Growing LNG Addiction
...M) 2007 2008 2009 2010 2011 2012 2013 20...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Odds Are Stacked Against Libya’s Oil Revival
...stained recovery are coming increasingly into focus. Crude output rose to 810,000 b/d on 10 September, according to state-owned National Oil Corporation (NOC), reaching the halfway mark as production climbs further towards the 1.6mn b/d pumped prior to the 2011 revolution that toppled Mu’ammar al-Qa...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
South Sudan Oil Shutdown Leaves Indian Firm Reeling
...tronas have each lost just over half their output since 2011, with the bulk of this since the start of the current conflict, ONGC has seen its output reduced to zero (see table). For the year to 31 March 2014, ONGC’s South Sudan output was just below 6,000 b/d, according to the company’s latest annual re...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Libya’s NOC Tries To Look Beyond Continued Chronic Instability
...ter it followed other foreign oil companies in lifting force majeure on their operations after the end of the 2011 civil war. The PGOC-NOC joint venture said a test well drilled on its Area 113 acreage in the Murzuq Basin flowed at a rate of 4mn cfd from intervals of 2,430-2510 feet th...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Saudi To Keep Crude Output High Amid Soaring Domestic Demand
...main within range. I repeat the message that Saudi Arabia, and other producers, remain willing and capable of meeting any additional demands.” Saudi Arabia stepped in to fill the supply gap in 2011, when the Libyan rebellion wiped out oil production, and even created a new blend of crude oil cl...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Iran Revisits Hydrocarbon Contracts In Effort To Boost Output
...tting the country’s August output at 2.7mn b/d. This is broadly in line with Iran’s average production for the year so far, and constitutes a near 25% fall from the 3.6mn b/d it produced in 2011 before the latest, and toughest, rounds of EU and US sanctions came into effect. “Our position in OP...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Baghdad Threatens Kurds With $3bn Budget Bill
...er The committee is basing discussions on a draft law agreed in February 2007 and favored by the Kurds. But the initiative bears striking similarities to a failed 2011 effort. The powerful Mr Shahristani, who has headed the oil sector since 2006, has defied all attempts to impose any solution that gi...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012 -
Tilt To Exports In Israel’s Planned Gas Strategy
...tends to establish a LNG plant with an initial production capacity of 5mn tons/year at Vasilikos, drawing from resources discovered in Cyprus’ Block 12 by Noble Energy in December 2011. The Vasilikos LNG facility concept came from Israel’s Delek Group in January 2011, shortly after the discovery of the Le...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012