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Egypt Independent Cheiron Eyes Regional & Local Expansion
...CUS Cheiron’s local expansion beyond the Gulf of Suez legacy area started in 2017 with the purchase of a 50% (later increased to 80%) share in the Western Desert’s North Bahariya concession and the purchase of French firm Engie’s West El Burullus project in the shallow waters of the Mediterranean, no...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Oman Gas Networks: Expansion In The Pipeline
...derway or planned projects to expand the capacity of pipelines to meet existing and upcoming gas-fed projects along the sultanate’s coast. Oman’s gas sector took off in 2017 with the startup of the BP-operated Khazzan tight gas field, with the second phase Ghazeer development boosting capacity to 2bn cf...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Shell Spuds Key Mauritania Wildcat
...scovery, the Chinguetti field which produced from 2006 to 2017. Shell entered Mauritania when it signed up for the C10 permit in 2018 (MEES, 27 July 2018), and in February signed up for a second permit, C2. QatarEnergy farmed in for a 40% stake in March (MEES, 7 April), whilst state firm SMH retains it...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Oman Oil: Production Up, Exports Down
...NSTRAINED It is the sultanate’s success in developing gas plays in recent years that has resulted in soaring condensate output. The start-up of BP’s 1bn cfd Khazzan tight gas project in 2017 was a game-changing development and the second phase 500mn cfd Ghazeer play came online in October 2020 providing an...
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
Shell’s Incoming CEO Set To Oversee Streamlined Mena Growth
...rely 300,000 b/d by 2017 before dropping sharply to just 252,000 b/d in 2018 as Shell exited its Iraq holdings in frustration over payment delays and slim margins (MEES, 23 March 2018). That left Shell with sizeable equity production from just Oman, Qatar and the Egypt holdings it acquired with its 20...
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
Saudi Oil Burn Dips From Record High
...After hitting an all-time high in June, Saudi oil burn dropped by 170,000 b/d in July (see data, p18). While a July drop is unusual, the 1.31mn b/d monthly average was still the second highest July figure on record – behind only 2017’s 1.39mn b/d. Oil burn peaks during the summer when surging de...
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
UK Considers Israel Embassy Move to Jerusalem
...ptember during a meeting at the United Nations. Any such move is likely to draw widespread criticism, especially from the Palestinian Authority, which also heavily criticized Mr Trump’s 2017 decision. It also risks further entrenching tensions with the current US administration and EU states....
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
Kuwait Starts Up Key Northern Oil Facility
...thering center in the north of the emirate. GC-31 is one of three gathering centers for which contracts worth $2.3bn were awarded in 2014 (MEES, 11 July 2014). All were initially slated to come online in late 2017, but were delayed. The first two, GC-29 and GC-30 were brought online in 2018, but GC-31’s co...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
Baker Hughes Finalizes Iraq Gas Contract
...sociated gas in Dhi Qar, with an initial contract signed in 2017 (MEES, 21 July 2017). In January, Baker Hughes announced that the contract had been awarded to its Turbomachinery & Process Solutions (TPS) division (MEES, 29 January). The scope of work included design, manufacturing, delivery, construction an...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
Algeria’s Gas Burn Surges Amid Record Power Demand
...ly 2017. Gas accounts for about 99% of Algeria’s power generation capacity, so any power demand increase directly translates into a rise in gas consumption. But a surge in sales gas output this year on the back of a slew of new project start-ups (MEES, 21 May) means any additional domestic demand ca...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
OPEC At 60: Much Achieved, More Still To Come
...not an exhaustive list, but underscores some of what has been accomplished through cooperation over the decades. The most recent demonstration has been through the Declaration of Cooperation (DoC) that helped restore balance, stability and confidence to the oil market in 2017-19, following the do...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Adnoc $1bn Sell-Off
...cember 2017 with a 10% flotation (MEES, 16 February 2018). Following this week’s placement, 20% of Adnoc Distribution is now listed on the Abu Dhabi stock exchange. Adnoc retains 80%. Adnoc CEO Sultan al-Jaber says the firm’s fuel sales subsidiary “has delivered solid business results and de...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
EOG Enters Omani Upstream
...Oman secured a notable new player in its upstream sector this week, with US firm EOG Resources signing an Exploration and Production Sharing Agreement (EPSA) for Block 36. EOG joins Canada’s Apex, which has been the sole player at the block since Norway’s DNO exited in 2017 after drilling a du...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Taqa Places Moroccan Bond
...al-fired power plant, with combined capacity of 1.356GW, for 17 years from 2017 to 2044 (MEES, 31 January). Taqa says bond placement provides “an opportunity to further optimize its capital structure” and that the PPA extension is “enhancing value by extending the company’s debt repayment profile.” Ta...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Morocco Renewables Plans Get Wind In Their Sails
...e blades for the turbines from its Tangier factory built in 2017. Siemens Gamesa has so far installed 856MW worth of wind capacity across eight separate projects in Morocco. It is also currently in the final stages of completing the MD2.5bn ($260mn), 180MW Midelt wind farm, which forms the first st...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Saudi Arabia: Oil Demand Up, Oil Exports Up
...ude burn figure was the highest since September 2017, when the kingdom burned 660,000 b/d of crude. As well as the more pronounced seasonality, more crude was also likely required to replace associated gas, production of which has fallen alongside crude oil. Meanwhile domestic consumption of fuel oi...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Libya’s NOC Looks To Take Development Inhouse With New Zallaf Subsidiary
...ncession, Occidental is gone (MEES, 10 February 2017), while Marathon announced it sold its Waha stake to Total in 2018 – though this is still disputed by NOC (MEES, 5 April). THE OIL CURSE Oil and gas revenues account for more than 90% of the country’s income. In 2018, these came in at...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Oman: Record Condi Output
...ve to further ease crude production elsewhere to maintain Oman’s compliance with its 970,000 b/d Opec+ oil production commitment. Oman’s condensate output only averaged 86,000 b/d in 2017 but has been driven up by the sultanate’s rebirth as a major natural gas producer (MEES,28 June). Prior to Ra...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Northern Iraq Secures Vital Infrastructure Upgrades
...fensive, causing total federal Iraqi refining output to drop from over 600,000 b/d in 2013 to just under 400,000 b/d by early 2015. Baghdad has since managed to raise refining capacity, with output jumping from an average of 539,000 b/d in 2017 to 718,000 b/d in 2018 but the north has struggled to feel the ef...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Abu Dhabi Eyes Innovative Approach To Energy Transition
...plying total nationwide capacity of 93GW (MEES, 13 January 2017). This is around three times current capacity, hardly boosting confidence in the efforts to improve consumption efficiency and reduce the carbon footprint. These figures imply thermal (mainly gas) capacity rising from 28GW to 35GW by 2050, “cl...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019