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Oman To Offer New Blocks
...offer. The ministry did not respond to MEES questions for further details. Block 18 was last operated by India’s Reliance Industries which abandoned it in 2011 after a failed drilling campaign (MEES, 9 November 2012). ...
Volume: 67Issue: 40Published at Fri, 04 Oct 2024 -
Qatar Breaks Ground On Historic LNG Expansion Project
...mn t/y ceremony. Preparing to host the tournament was arguably the government’s key economic focus between 2011 and last year, and that focus has now shifted to the North Field Development. The North Field’s gas and NGLs (including condensate) alone routinely account for around 60% of Qatar’s total ex...
Volume: 66Issue: 40Published at Fri, 06 Oct 2023 -
Libya Gas Exports Slump To 12-Year Low As Domestic Use* Rises
...LIBYA'S 2023 GAS EXPORTS^ ARE RIVALLING 2022 FOR THE LOWEST FIGURE SINCE THE 2011 REVOLUTION... ...WITH VOLUMES FOR Q3 2023 FALLING WELL BELOW EVEN 2022 LEVELS (MN CFD) *NOC DATA IMPLY THAT CONSUMPTION HAS AVERAGED JUST OVER 1BN CFD SO FAR THIS YEAR, UP FROM 902MN CFD FO...
Volume: 66Issue: 40Published at Fri, 06 Oct 2023 -
Riyadh, Cairo Sign $1.8bn Power Connection Deals
...ows have fallen well below their 2011-12 peak. Electricity sent to Jordan was down 12% year on year at 278GWh for 2019-20, an implied average flow of just 32MW, while that received from Jordan was up 36% to 95GWh, according to the latest stats from Egypt’s Electricity Holding Company (EEHC). Flows to Li...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Petrofac Hopes To Turn Page After UK Bribery Conviction
...UK-based services firm Petrofac is hoping to put a scandal-riven few years behind it after a UK court on 4 October found it guilty on seven counts of bribery involving payments of $44mn to secure $3.5bn of contracts in Gulf countries between 2011 and 2017. In a case brought by the UK’s Se...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Egypt LNG: Exporting, For Now
...ace for cargoes to be produced in Q4 2021 and onwards.” Since Damietta restarted in February the facility has shipped 1.84mn tons of LNG (MEES, 26 February). This is the highest figure since 2011, the year before the plant was mothballed. Meanwhile, Idku has six remaining ‘commitment’ cargoes se...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Kuwait Enters New Era Following Emir’s Death
...approved by the National Assembly. Earlier in Emir Sabah’s reign Sheikh Nasser Mohammed Al Sabah and Sheikh Ahmed Fahd Al Sabah were two leading candidates but the pair have since fallen out of favor. The 79-year old Sheikh Nasser Mohammed was forced out of office as prime minister in November 2011...
Volume: 63Issue: 40Published at Fri, 02 Oct 2020 -
Libya’s NOC Demands Funds
...derinvestment has taken its toll on the country’s lifeline oil sector. With foreign investors wary, NOC desperately needs cash to maintain its aging and dilapidated energy infrastructure. It also wants to kick-start work on several projects abandoned following the 2011 revolution (MEES, 31 May and MEES, 20 Se...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Taqa Issues $500mn In Bonds
...ginning in 2013 forced a strategic rethink. The company’s assets are mainly in upstream oil and gas and power. In 2018 Taqa’s power and desalination plants contributed 53% of its income and upstream operations 31%. This marked a major turnaround from 2011, when Taqa’s upstream provided 45% of its income an...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Mena Petchems Firms See PDH Process As Key To Exploiting Propane Resources
...ypt 2011 *480 EPPC n/a EGPC 0.8 400 PP Ruwais, UA...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Japan: UAE Overtakes Saudi As Number One Supplier
...*For well over a decade Saudi Arabia had been the unrivalled number one crude and condensate supplier to Japan. Saudi market share climbed above 30% in 2011 and rose steadily to hit 40% in 2017, dipping only modestly to 38.1% for 2018. The UAE (almost all Abu Dhabi) was a distant number two fo...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Opec Output Slumps As Ecuador Quits
...oduction in late 2018 (MEES, 7 December 2018). Libyan output too has risen by 170,000 b/d, but the country is one of two members exempt from production restrictions as it seeks to return a semblance of stability to the country following the 2011 revolution and subsequent civil war. Output jumped 70...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Eni, Shell & OMV In Tunisia: Will They Stay Or Will They Go?
...llowing the 2011 revolution and brought online production from scratch. MAZARINE: SMALL FIRM, BIG PLANS Mazarine started its Tunisian operations (at the time its sole focus) in 2013, acquiring a 45% stake in the Zaafrane exploration permit in the southwest of the country. It struck oil there in 20...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Tunisia’s Upstream: Can It Emerge From A Lost Decade?
...Tunisia’s oil and gas output has been on a downward trajectory for almost a decade. Political instability unleashed following the 2011 revolution paralyzed the country’s upstream. But Industry Minister Slim Feriani has been battling to turn things around and is determined to see “the glass ha...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Egypt Gas Hub Ambitions Gather Pace
...ter peaking at 6.22bn cfd in December 2011, gas output dwindled as demand increased, falling to a nine-year low 3.89bn cfd in May 2016. The 2011 revolution played its part in scaring off investors, but it was unfavorably low gas prices paid by the state, growing dues to IOCs which ballooned to $6.4bn at...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Iraqi Government Formation Gathers Pace
...suffered a major stroke in December 2012. Mr Salih is not as formidable an operator as Mr Talabani – who passed away last year – but he is cut from the same cloth as his former mentor. He served as prime minister of the Kurdistan Region from 2009 to 2011. Mr Salih was put forward as a ca...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
East Med Gas Development: Hang Together Or Hang Separately
...diterranean deepwater. With the exception of Egypt’s 24 tcf Zohr, which has a hungry domestic market to sate, and Israel’s 10 tcf Tamar, which alone meets 55% of that country’s power demand, other finds – such as Cyprus’ 2011 5 tcf Aphrodite – have struggled to get anywhere near development. The jury remains ve...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Cyprus Drilling Plans: Make Or Break?
...The next 15 months could be make or break for any hopes of discovering large quantities of gas offshore Cyprus beyond 2011’s 5 tcf Aphrodite, which currently looks stranded. Eni and ExxonMobil each plan two wells on their offshore Cyprus permits by end-2018 (see table). In the absence of di...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Libya: Another ‘Historic’ Opportunity For Peace
...14, what was arguably a further split into three ushered in by the LPA in December 2015, or the collapse in 2011 of the regime of ousted dictator Mu’ammar al- Qadhafi. Combining inclusivity with consensus will be a tough trick for the UN to pull off. HISTORIC DIVISIONS For most of the past six ye...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
IMF Praises Iran’s Planned Reforms, But Implementation Is Questionable
...ble). The NDFI, which was established in 2011 to replace an earlier sovereign wealth fund, the Oil Stabilization Fund, is allocated by law a minimum 20% share of annual hydrocarbons revenue, with plans to increase this share gradually each year to a maximum of 30%. However, financial mismanagement and th...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016