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Gulf NOCs Target Cuts To Upstream Emission Intensity
...stream output (CO2e/boe) which they aim to reduce to 17kg CO2e/boe by 2025 from a 2017 baseline of 23kg. The CO2e measure includes emissions of methane – a far more potent greenhouse gas, especially over the short term – at a conversion factor of 1kg methane = 29.8kg of CO2e. Gulf NOCs fall into two br...
Volume: 67Issue: 43Published at Fri, 25 Oct 2024 -
Karish Start-Up Increases Israel Gas Competition
...mpany that was forced to sell a 50% stake in its Energean Israel operations to private equity firm Kerogen Capital for just $50mn in 2017 to help fund operations (MEES, 17 February 2017). ENERGEAN KEY ISRAEL OFFSHORE ACREAGE & ASSETS...
Volume: 65Issue: 43Published at Fri, 28 Oct 2022 -
Kuwait Sets Out Plan To Reverse Capacity Losses
...cilities to handle water produced alongside crude oil. DRILLING RAMP UP KOC drilled 431 development wells last year, the highest annual figure since 651 for 2017-18. Mr Hashem says that in order to achieve its goals, drilling will increase to average 500 wells per year. There will also be “ar...
Volume: 64Issue: 43Published at Fri, 29 Oct 2021 -
Iraq: New Government, Old Problems
...bruary). In late 2017, former Oil Minister Jabbar al-Luaibi was bullish on the prospects of replacing the irreparably damaged ‘federal’ pipeline from Kirkuk to the Turkish border, whilst restoring the route’s full length to Ceyhan to its nameplate 1.6mn b/d capacity. But nothing has been said on the plans th...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Oman Farms Out 10% Khazzan Stake To Petronas
...ock 61 hosts the country’s greatest gas discovery to date, the Khazzan-Ghazeer asset, which boasts 10.5tcf gas reserves and 350mn barrels of condensate. Phase-1 production began last year (MEES, 29 September 2017), with full production of 1bn cfd and 30,000 b/d of condensate achieved in March (MEES, 30...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Libya Oil Output Boosted By Sirte Basin Rebound
...oduction share of 8.16%. The firm did not break down production into oil and gas, but reported an increase in its share of output from Libya to an average 12,000 boe/d in Q3, up from 6,000 boe/d in Q2 2017. Hess reported average output for the first nine months of the year of 7,000 boe/d, which implies ov...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Medco Announces $180mn Impairment On Libya’s Area 47
...Indonesia’s Medco Energi Internasional suffered impairment losses of $180.2mn on its Area 47 acreage in the Ghadames basin in Libya in 2016, the firm announced in its H1 2017 results published in late September, but it doesn’t appear to have written off the asset. The firm also reported a 20...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Genel Reveals Extent Of Its Kurdistan Woes
...elds. These fields are essential to the KRG’s plans to export gas to neighboring Turkey. Plans to begin exports by 2017 had already slipped to 2018 last year, and 2019 looks increasingly probable. TAQ TAQ OUTPUT HALVED Genel confirmed that Q3 production at its Taq Taq field averaged 58,600 b/d an...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
European Oil Firms Stand Up And Get Counted In Tehran
...ggests the domestic economic activity could “accelerate markedly” following sanctions relief, the IMF says, with the recovery in oil production and exports providing the main boost. The IMF sees real GDP growth hitting 5.5% in 2016-17 and 2017-18, before slowing to 3.5-4% in the years that follow. “We...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Iraq To Split Basra Crude Streams
...oducing around 320,000 b/d of medium and heavy oil, up from 220,000 b/d a month earlier. Output from the field is due to rise to 400,000 b/d early next year, and eventually to a revised plateau of 1.2mn b/d by 2017. Production from Halfaya, now at just over 250,000 b/d of medium crude, is set to rise to 40...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Saudi Awards Khurais FEED
...erall oil production capacity from 10mn b/d to 12.5mn b/d currently. Saudi Aramco CEO Khalid al-Falih said last week that a further addition would come from the offshore Shaybah field to production of light crude oil by a further 250,000 b/d by 2016 or 2017. Shaybah can produce 750,000 b/d. No aw...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Oman To Take 40% Stake In Khazzan Tight Gas Deal
...oceedings. It has previously said it harbors hopes of exporting more LNG after the BP project hits full production. Delays in the project’s implementation however mean the company will have to hold back on making plans for this extra gas until 2015 at least; when plans for 2017-onwards production and de...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013