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Services Firms Eye ‘Exceptional’ 2022 Upstream Growth With Gulf NOCs In The Vanguard
...s the highest since Q1 2020, but for all three, revenue remains well down on 2018 and 2019, never mind the boom years to 2014 (see charts) Cost-cutting efforts mean that profits have rebounded by more than revenue. Whilst collective ‘big 3’ revenues of $12.1bn (OFS only for Baker Hughes) are so...
Volume: 64Issue: 43Published at Fri, 29 Oct 2021 -
Suez Canal Trade Hits Records But Trade War Threatens
...uthbound shipments of both crude and LNG. Revenues, up 10% year-on-year, are on track to smash 2014’s record $5.465bn. But a dip in container shipments hints at the global trade headwinds. The Suez Canal saw oil shipments of 4.70mn b/d in the first nine months of 2018, up over 9% year-on-year and on tr...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Iraq Invites Bids for 12 Fields in First Offering Since 2012
...AQ ANNUAL CRUDE EXPORTS BY REGION ('000 B/D) 2011 2012 2013 2014 2015 Eu...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Saudi Product Exports At Record High; Crude Volumes Crimped
...stained high figures of recent months mean 2015 as a whole will almost certainly surpass 2014’s record. Domestic consumption of fuel oil and diesel – much of which is burnt – has risen even more (see graphs 3 & 4). Other Mideast countries are also burning crude at near-record levels. Iraq’s 22...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
OPEC Content With Ceiling Ahead Of December Meeting
...recast to increase by 800,000 b/d this year and 1mn b/d in 2014, there is clearly enough supply to meet rising demand.” ...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Aramco To Spend $35bn On Stabilizing Oil Capacity
...0,000 b/d by 2014. Manifa will help stabilize Saudi capacity by offsetting declines from mature fields. Saudi Aramco is also eyeing CO2 enhanced oil recovery. It is building a new CO2 capture facility and transport system, which will compress and dry CO2 from the Hawiyah NGL Recovery Plant, send it to...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
IEA Predicts Bleaker Days Ahead For OPEC
...e world’s largest economy,” the report projected. And in oil demand terms non-OECD should eclipse the OECD by 2014, the MTOMR revealed. Rising North American production will lessen the need for imports, leading to an actual reduction of inter-regional crude trade by some 1.6mn b/d to 32...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012