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Aramco: Impressive Output Rebound, But Effects Will Linger
...mn b/d (not including the Neutral Zone whose production, shut in since 2014, is shared with Kuwait), so a claimed 11mn b/d figure implies that 1mn b/d is still shut in. And the 12mn b/d figure has never been tested. Many observers, including MEES, are skeptical that the country could produce at this level fo...
Volume: 62Issue: 39Published at Fri, 27 Sep 2019 -
IOCs Stall KRG Investment On Renewed Payment Concerns
...15 2015 2014 2013 Kurdistan 5.1 -40.3 45.4 46...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Total Turns The Screw On Spending In New Strategy For $60/B Oil
...ile seeking sustainable operations in a market where it predicts a recovery to $60/B medium term. “Strong discipline on organic capex” is the company’s mantra as it targets a reduction in capital expenditure to $23-24bn in 2015 from a peak of $28bn in 2013 and $26/B in 2014. For 2016 Total will cu...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Kuwait Energy: Egypt Output Hits Record, Yemen Collapses
...at, despite the increase in output over the same period, KEC saw revenue fall by 27% from Q2 2014 to $46.7bn for the second quarter this year. However, revenue was up a touch on Q1’s $44.9mn figure. Kuwait Energy Production (‘000 B/D, Working Interest Basis)...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Aramco And Lanxess Bond For Elastomers JV
...dara and Petro Rabigh-2 will be 295,000 tons/year of elastomers (MEES, 17 October 2014). Aramco recently secured a $10bn standby credit facility from international and local banks to create a ‘war chest’ that would enable it to acquire strategic businesses. For Lanxess the deal provides a we...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Kuwait Seeks IOC Help To Hit Production Targets
...rgets (Mn B/D) 2014 2020 Investment ($bn) Burgan 1.7 1.7 5 West Kuwait 0.5 0....
Volume: 57Issue: 39Published at Fri, 26 Sep 2014