- Sort by:
- Score
- Published ▼
-
East Med Gas Development: Hang Together Or Hang Separately
...ock in the second half of next year. By then – given that Eni plans two late 2017/early 2018 wells across its blocks, and that (barring discoveries) there is no drilling planned after this – by late 2018 either a new chapter will be opening in East Med gas, or the Cypriot one will be close to closing (se...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Cyprus Drilling Plans: Make Or Break?
...the existence of a ‘Zohr-like’ carbonate reservoir offshore Cyprus is “very promising.” In plain English it was a flop. Previous drilling had focused on sandstone plays resulting in Aphrodite, Cyprus’ only discovery to date, and the nearby Israeli Tamar and Leviathan. Of the five planned 2017...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Renewables: Mena Retarded By Low Power Prices Amid Global Progress-IEA
...ergy Agency (IEA). The agency’s Renewables 2017 forecast, published this week, says solar capacity worldwide rose by 50% last year, to 74GW, of which almost a half was in China. “China has been the leader in manufacturing solar PV equipment for some time,” says IEA renewables head Paolo Frankl, “bu...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Saudi Solar Tender: Masdar Offers Lowest Ever Power Price
...built 120km east of Abu Dhabi city at Sweihan (MEES, 7 July). There will be great interest across the renewables sector in how such low bids were achieved for Sakaka. Certainly solar panel costs have fallen sharply. The IEA’s Renewables 2017 forecast, issued this week says that in 2016 solar PV...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Opec Focuses On Exports As Compliance Slips Further
...dress its compliance with existing commitments. OPEC COMPLIANCE WANES After a strong start to 2017, output has been on a steady upwards trend since April. Opec production has grown for each of the last two quarters, and all three quarters so far in 2017 have posted year-on-year gains (see ch...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Non-Opec’s Mixed Bag
...The non-Opec signatories to the late-2016 output deal pledged to cut just under 600,000 b/d, of which 300,000 b/d from Russia. Russia hit this for the first time in August and repeated the trick in September, although it remains around 80,000 b/d above target on average over 2017 so far. Th...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Saudi King Salman’s Historic Russian Visit: Will It See Trade Leap?
...OM A LOW BASE Russia’s Industry Minister, Denis Manturov, said on 4 October that bilateral trade in the first half of 2017 had increased 30% year-on-year. However, certainly before this year, bilateral trade had been falling: 2016’s $7.4bn was well down on the previous year’s $12.4bn. The key ex...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Abu Dhabi In $10bn Bond, Prices Tighter Than Saudi
...bt to help bridge budget deficits brought about by low oil prices since mid-2014. At the same time investor demand for GCC bond issues remains strong. According to reports quoting the Abu Dhabi bond prospectus, the emirate expects its fiscal deficit to narrow to $3.74bn in 2017 from $7.05bn in 20...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017