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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 -
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 -
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 -
Abu Dhabi Plots $3bn Windfall From Cepsa IPO: What’s For Sale?
...r the 52.94% it did not already own, including French major Total’s then 48.83% stake. IPIC first bought into Cepsa in 1988. Fellow state energy-focussed investment firm Mubadala assumed the stake in January 2017 (MEES, 8 July 2016). In a 17 September document detailing the IPO plan Mubadala ch...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
Rosneft Plans Key Gas Pipeline To Unlock Kurdish Exports to Turkey
...creasingly competitive Turkish market. Turkey imported 45.4bcm of gas in 2016, of which number one supplier Russia provided 24.5bcm (54%). Imports are on course to soar to 55bcm in 2017, with Russian supplies growing to 29bcm, though Russia’s market share (53%) is broadly steady (see chart). The ca...
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
KRG Receives Chevron Boost
...200 b/d at its Shewashan field over 2017. But while it completed a 10,000 b/d early production facility and a fourth well last quarter, output languishes at around 1,100 b/d due to water-cut problems....
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
Kuwait Awards First Utility-Scale Solar Plant
...KUWAIT Kuwait Awards First Utility-Scale Solar Plant Kuwait has embarked on its first utility-scale solar power project, which it aims to connect to the grid by December 2017. Kuwait Institute for Scientific Research (KISR) has awarded Spain’s TSK a contract to build the 50MW Al-Sh...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Qatar Petroleum Looks To The Future After Board Shake Up
...pire in 2017, though the Danish firm expects to keep the field, sources tell MEES. Maersk is happy with Mr Kaabi’s new role at QP – Mr Kaabi is thought to understand the importance of continuity in operatorship of fields. Production at Shaheen recently fell by 15,000 b/d to 285,000 b/d, due to planned ma...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Company Profile: Petroceltic Plots Big League Transformation
...14. Development work is scheduled to commence in 2014 and first gas is planned for the second half of 2017, initially from an estimated 18 vertical wells produced through a new gas processing plant. Plateau wet gas production of 355mn cfd (10mn cmd) is planned for 14 years. An additional 106 de...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013