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  1. Kufpec Hit From Bongkot Sale Collapse Overshadows LNG Start-Up

    ...ploratory drilling in 2008, initially with a 7% share that was expanded to 13.4%, when Kufpec purchased Shell’s 6.4% share for $1.14bn in 2014 (MEES, 25 April 2014). Operator Chevron maintains 64.14%; Woodside has 13%, Japan’s Jera 8% and Kyushu Electric 1.46%. Chevron also holds an 80.2% interest in th...

    Volume: 60
    Issue: 41
    Published at Fri, 13 Oct 2017

  2. Egypt Gas Output Set To Hit 5-Year High By Year-End

    ...ll in the North El Mahala Onshore (Nemo) block, one of its top seven global high-impact exportation wells for 2017-18 where “500mn boe+” is targeted. The block is situated in the onshore Nile Delta next to the North El Salhiya block of UAE-firm Dana Gas’ block, awarded in October 2014, where dr...

    Volume: 60
    Issue: 41
    Published at Fri, 13 Oct 2017

  3. Libya Gives Up On Output Target Amid $126bn Losses But Hopeful On Exploration

    ...ES, 6 October). Mr Haftar’s victory in Benghazi has paved the way for the re-opening of the town’s port and airport. A fuel tanker docked at Benghazi port on 9 October for the first time since 2014, when it was shut in due to fighting between militias loosely affiliated to rival administrations in Tr...

    Volume: 60
    Issue: 41
    Published at Fri, 13 Oct 2017

  4. Mideast Drilling Stays Firm, Recovery Elsewhere Will Have To Wait

    ...illing at near-record levels in 2017, in stark contrast to the global trend of upstream underinvestment. The rig count for GCC countries was a collective 288 in September, just 17 off the all-time high of 305 set last October, and up 26% since the start of 2014 despite low oil prices and stretched bu...

    Volume: 60
    Issue: 41
    Published at Fri, 13 Oct 2017

  5. KRG: Russian Oil Firms Ensure Kremlin’s Tacit Support

    ...-open the Kirkuk-Ceyhan crude pipeline, out of action since IS overran large swathes of northern Iraq in 2014. The announcement looks to be bravado aimed at showcasing Iraq’s efforts to enforce sovereignty over Kurdistan: a daunting array of political and economic obstacles make it unlikely to be re...

    Volume: 60
    Issue: 41
    Published at Fri, 13 Oct 2017

  6. Algeria Reverses 2017 Austerity In Free-Spending 2018 Budget

    ...15 2014 2013 REVENUE (AD BN)  6,497 +15.3 +10.4 +36...

    Volume: 60
    Issue: 41
    Published at Fri, 13 Oct 2017