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Lebanon Blocks 4 & 9: Qatar Energy To Replace Novatek?
...19 Glaucus discovery – and the recently-awarded Block 5 (MEES, 22 April). A recent diplomatic rapprochement with Egypt, with President Sisi this week visiting Qatar for the first time since taking office in 2014, also lays out the prospect of further investment in the region’s leading gas producer. Qa...
Volume: 65Issue: 37Published at Fri, 16 Sep 2022 -
Adnoc Adopts Targeted Approach In Search For Unconventional Partner
...rategy.” This strategy has seen Adnoc radically shakeup its foreign partnerships in recent years. On the upstream side the expiry and renewal of long-term concessions over 2014-2018, coupled with the launch of exploration bid rounds, enabled Adnoc to bring in a range of new foreign partners based primarily on...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Morocco Gas Development: Don’t Hold Your Breath
...rgets. Repsol relinquished the acreage in early 2014 with ‘Anchois-1’ the only one of four wells drilled to find gas. Of course the global market for virgin offshore development projects is considerably more bearish now than in 2013, when oil prices were $100/B-plus. But that isn’t stopping Chariot, wh...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Conoco Enters Morocco
...fshore ‘Atlantic margin’, the hotspot for exploration earlier this decade, Repsol also has the deepwater Gharb Offshore South block, which lies further offshore from the Tangier Larache permit (now Chariot’s Lixus), which Repsol relinquished in 2014. Italy’s Eni previously partnered Chariot at the Ra...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Algerian Oil Bolstered By Berkine Basin Prospects
...sh to get oil out of the ground. Prices have fallen dramatically since 2014, and since the beginning of the year Opec members and other oil producers have been subject to production cuts. Algeria’s state energy company Sonatrach says it has implemented its mandated reduction of 50,000 b/d. But there ar...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Petronas Quits Algeria As Cepsa Expands
...praised in 2005, but it was not until a deep well found Triassic oil that the field showed commercial potential. Petronas had looked to expand in Algeria via its participation in the country’s flopped 2014 bidding round. Negotiations were held “in light of the fiscal incentives provided by the go...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
KRG Stumps Up IOC Cash, But Mol Pullback Spoils The Party
...e $1.66bn that the three key firms say they are owed. Further regular payments will be needed to persuade them to make the investment needed for the KRG to build on the output gains that have seen the region’s production rise from 200,000 b/d in 2013 and 296,000 b/d in 2014 to average 540,000 b/d in re...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Oman Oil Secures $1.85Bn Loan Facility
...n a total of $2bn-plus in contracts related to key downstream projects. Need For Capital Markets Oman’s oil revenues for the first five months of 2014 fell 2.6% to OR4,335mn ($11,271mn), compared to a year earlier, while gas revenues fell 1.9% to OR594mn ($1,544mn). Despite this, Oman re...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
BG Takes Further Egypt Hit; BP Upbeat On Drilling Success
...EGYPT BG Takes Further Egypt Hit; BP Upbeat On Drilling Success UK mini-major BG has again downgraded its production forecasts on the back of Egyptian delays, having made a previous major downgrade only seven months ago (MEES, 14 February). For 2014, BG an...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Qatar In Talks To Boost Shell Share Stake To 7%
...r Onshore Oil Operations (ADCO) consortium, in which Shell holds a 9.5% stake. The ADCO concession includes most of the emirate’s major onshore fields and expires in January 2014. Abu Dhabi pays ADCO stake holders a fee of one dollar per barrel of their share of the consortium, which aims to produce 1....
Volume: 55Issue: 37Published at Fri, 07 Sep 2012