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Aramco Joins IOCs In Green Research Drive
...eir aggregated upstream operations from a 2017 baseline of 23 kg CO₂e/boe to 20-21 kg CO₂e/boe by 2025. Aramco’s carbon intensity is already just 10.4 kg CO₂e/boe. Given the current industry trajectory, it is not difficult to envision a scenario a few years from now whereby producers with the lo...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Iraq Plans Qayara Refinery Expansion
...mple topping plant at Qayara (MEES, 2 November 2018), which was rehabilitated in 2017 and suffered a small fire at one of its storage tanks last week. The lack of a capable refinery means volumes are trucked for export from Basra’s Khor al-Zubair terminal. Qayara’s poor quality means it is sold at...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Qatar Trade Patterns Three Years Into The Embargo
...plomatic relations with Qatar on 5 June 2017 and imposed an economic embargo that remains in place to this day. Qatar was forced to reshape its trade links in order to withstand the embargo (MEES, 9 June 2017) and three years later trade patterns have changed considerably. The situation has normalized to...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Conoco Enters Morocco
...stomary 25%) at the massive 10,000km² Tanfit exploration permit. Shell previously held the acreage as a reconnaissance permit (Issouka), converting to a full exploration permit at the end of 2017 whilst bringing in Repsol which previously had neighboring reconnaissance acreage. Moving to Morocco’s of...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Saudi Eyes Development Of Remote Northwest
...’ad al-Shamal industrial complex, which is centered around phosphate mining. To the southwest of Turaif is the 75mn cfd Midyan conventional gas processing plant, which was commissioned in 2017. Midyan gas was developed to supply gas to power generation facilities further down the coast at Du...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Indian Firms Eye Israel Exit
...A consortium of Indian firms led by state giant ONGC Videsh is in the process of relinquishing the one exploration block it holds offshore Israel. Block 32 was awarded in late 2017, following Israel’s first offshore bid round, launched in 2016 (MEES, 24 November 2017). In its 2019-20 annual re...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Noble To Keep Tamar Veto Rights
...th 25% of Tamar and 39.66% of Leviathan, has been accused of favoring the latter in gas sales (MEES, 24 April), effectively stymying any attempt by Tamar’s minority partners to compete with Leviathan on price. Tamar gas sales slumped from a steady 1bn cfd for 2017-19 to a seven year low of 543mn cf...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020