- Sort by:
- Score
- Published ▼
-
Libya Exploration Reboot As Eni/BP & OMV Kick Off Drilling
...Libya’s upstream has got a long-awaited boost with Eni/BP and OMV both kicking off exploration campaigns on ice since the country’s 2011 revolution. With Italian PM Georgia Meloni in town, Eni may be set to sign the controversial NC-7 deal. Eni and BP, as well as Austria’s OMV, have ki...
Volume: 67Issue: 44Published at Fri, 01 Nov 2024 -
No End In Sight For Sudan’s Devastating Conflict
...utes and vast mineral resources that finance the RSF’s commercial enterprise, and thus, guarantee its survival. OIL EXPORT UNCERTAINTY When South Sudan voted for secession in 2011, Sudan lost nearly 75% of its oil output to its southern neighbor (MEES, 16 March 2018). Today, oil ex...
Volume: 66Issue: 44Published at Fri, 03 Nov 2023 -
Egypt LNG Exports Rebound To 12-Year High
...peat of October volumes for the last two months of 2021 would leave this year neck-and-neck with 2011’s 6.9mn tons (see chart 2). This is a swift turnaround from just two months ago when Egas had informed Shell and Eni that gas shortages could lead to reduced exports over the coming months (MEES, 17...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Algeria-Morocco-Spain: Key Gas Pipeline Stops Flowing
...LIVERED 85BCM OF GAS TO SPAIN SINCE 2010, AROUND HALF OF ALL ALGERIA-SPAIN GAS SHIPMENTS OVER THIS PERIOD (BCM) MEDGAZ STARTS UP IN 2011. SOURCE: ENAGAS, CORES, KPLER, MEES. THE GME PIPELINE: A SEVERED LINK BETWEEN ALGERIA, MOROCCO AND SPAIN 2: ALGERIA-TO-SPAIN PIPED GA...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Libya Set For Big Gas Boost
...With the impending start-up of the 180mn cfd Faregh Phase-2 project, Libya will have added a healthy 580mn cfd capacity by the end of 2019. Not bad for a country that has rarely seen peace since 2011. The long-delayed 180mn cfd Faregh Phase-2 gas project is finally on the verge of start-up...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Qatar Sending More LNG To Europe
...aller Asian economies and the return of Europe. Qatar has been increasingly dependent on Asian markets in recent years. Asia accounted for nearly 75% of the 76.8mn tons of Qatari LNG imported globally in 2018. This has come as volumes to Europe have cratered, nearly halving from 21.4mn tons in 2011 to...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Syria’s Oil Reserves: Trump’s Half-Baked ‘Plan’
...l.” “I still can’t believe we left Iraq without the oil,” he tweeted in 2013, adding “to the victor belongs the spoils. There was no victor, but I always said ‘take the oil.’” Syria’s relatively modest oil industry was already on the slide when war broke out in 2011, averaging 386,000 b/d in 2010 – do...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Jordan: Gas Oversupply Threatens Key Startups
...at both the energy ministry and state power company Nepco are struggling to cope with the ongoing changes – and it could see commissioning for key projects be delayed. The main issue boils down to key contracts that Jordan signed over the last several years which are no longer competitive. In 2011...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Egypt Confident It ‘Has The Keys To The Future’ Of East Med Gas
...orage depots, and terminals as well as pipelines,” Mr Molla says. Of course, this has also been true in the intervening years since Israel discovered the 22tcf Leviathan field in 2010 and Cyprus the 4.2tcf Aphrodite in 2011. So what’s changed? For one thing, the discovery of the 21.5tcf Zohr field of...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
MEES Interview With Egypt’s Minister of Petroleum
...dependence earlier this year. What have been the driving forces? A: The petroleum sector faced several challenges in recent years stemming from the political and economic situation in Egypt between the two revolutions of January 2011 and June 2013. Investments in the petroleum industry fell, there was di...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Eni Grows North African Presence
...d of this year and “restart exploration activities” next year (MEES, 12 October). Eni is Libya’s top producer, with net 1.62bn cfd of gas and 87,000 b/d of oil output in 2017. It managed to continue production in Libya throughout the 2011 revolution, albeit offshore....
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Egypt Gas Output Set To Soar By 2020
...785bn cfd, almost 2bn cfd higher than the previous annual output record set in 2011. Whilst demand is also set to rise strongly in 2019-20, by 447mn cfd (7%) to a record 6.831bn cfd, this will nevertheless, according to the projections, mean a surplus of over 950mn cfd. This implies surplus gas eq...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Algeria: In Amenas Hits Record Production As In Salah Output Halves
...natrach, produced an average 876mn cfd in the second quarter, the highest since Q1 2011 (see chart). This was followed by 837mn cfd in the third quarter, also higher than any quarter between Q1 2011 and Q2 2017, according to MEES calculations based on Q3 figures published by Statoil on 26 October. The re...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Iraq Export Revenues Soar
...vel since the 2011-14 halcyon years of $100/B-plus crude. A full year of $56/B for Iraqi crude would imply $70bn revenue – perhaps enabling Baghdad to begin diverting funds to much-needed upstream investment. Increased revenues could have important implications for Iraq’s much-maligned te...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Kuwaiti Government Resigns As Political Dysfunction Grows
...aikh Sabah al-Ahmad Al Sabah reappointed Jabir Al Sabah as prime minister on 1 November and charged him with appointing the new cabinet. He has held the post since December 2011, and this will be the seventh cabinet he has headed in just six years. NEW OIL MINISTER COMING? Parliament on...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Libya: Wintershall Output Down, Dispute Continues
...mething close to capacity. The combined capacity of the fields has fallen to 80,000 b/d from 100,000 b/d prior to the 2011 Revolution, but only in 2012 did they manage to produce at this level. Production resumed on 16 September 2016 after a 10-month outage, but with only the NC-96 field operational, pr...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Egypt Devalues Currency In Bid To Calm Forex Market
...rners of foreign exchange for Egypt, have gradually fallen since the 2011 revolution with the deteriorating security situation. Recently bilateral aid from the GCC has relatively dried up with the collapse in oil prices in the past two years. NOVEMBER 2016 PRICE HIKE FOR GAS & OIL PRODUCTS (E£/li...
Volume: 59Issue: 44Published at Fri, 04 Nov 2016 -
UAE Plans 3% Spending Cut For 2017
...nstruction sector in Dubai has been a key driver of non-oil growth in the UAE, although activity in this sector has slowed down in the past two years or so. According to an FT report in July, property prices in Dubai have fallen by around 25% since their most recent peak in 2014, but remain above their 2011 tr...
Volume: 59Issue: 44Published at Fri, 04 Nov 2016 -
Regional Alliances Leave Juba In Two Minds Over Planned Oil Pipeline
...sis that it would be both shorter, and cheaper to build (MEES, 6 September). For more than two years, since the South seceded from Sudan in July 2011, the two countries’ leaders have been unable to find common ground on a wide range of issues, resulting in persistent mudslinging and accusations of...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Supply Challenge Still Alive Despite Shale Surge
...deed, domestic energy demand within the GCC is growing at an annual 5% and in 2011 stood at 200mn tons of oil equivalent. That number is expected to double in the next decade, said a senior Gulf banker. Saudi Arabia consumes 2.8mn b/d during peak consumption periods and has recently taken to su...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013