- Sort by:
- Score
- Published ▼
-
Qatar Crude Output Tops 600,000 b/d For First Time Since 2018
...d TotalEnergies (30%) since July 2017 (MEES, 28 July 2017). It is an extension of Iran’s 25,000 b/d South Pars Oil Layer (SPOL). Prices are set by QatarEnergy each month following a monthly-tender which serves as an important indicator for regional spot market sentiment. The field’s output gains we...
Volume: 67Issue: 44Published at Fri, 01 Nov 2024 -
TotalEnergies Eyes QatarEnergy Partnership In Iraq
...om 2017 to 2020, indicated that moving Iraq’s gas capture projects ahead should take priority. No surprise there given that Iraqi oil ministers have for years stressed that tackling flaring is their top priority, albeit with scant progress to date. Iraq’s new cabinet, in its manifesto submitted to...
Volume: 65Issue: 44Published at Fri, 04 Nov 2022 -
Inpex Eyes Sale Of Stake In Iraq’s Eridu Discovery
...-1) to partner CNPC and fellow Chinese state firm CNOOC (MEES, 29 April). Instead, the stake is to be distributed between oil ministry subsidiary Basrah Oil Company and Indonesian NOC Pertamina (MEES, 29 July). Eridu was discovered in February 2017 and is being developed under an Exploration, De...
Volume: 65Issue: 44Published at Fri, 04 Nov 2022 -
Algeria Prepares Oil & Gas Bid Round
...asons (MEES, 20 October 2017). US firms such as ExxonMobil and Chevron have shown interest in recent years but nothing concrete has been signed so far. Occidental has also hinted at potential shale gas projects. “As a large American company with state-of-the-art shale capabilities we think we have a lo...
Volume: 65Issue: 44Published at Fri, 04 Nov 2022 -
Eni Hit By Zohr Output Cap, Repeats Call For LNG Restart
...rprising if the Rome-based firm had not been involved. Meanwhile, EGAS’ freshly released 2018-19 report flags up an “MoU with Toyota to study the way to implement LNG bunkering project in Egypt.” France’s Total also has Egypt LNG ambitions having acquired 5% of ELNG (10% of Train 1) in its 2017 pu...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Mauritania Sees ‘2019’s Largest’ Deepwater Find With 13tcf Orca
...smos says. True, though 2017 wells targeting oil, and ‘outboard’ (further offshore) prospects flopped (MEES, 15 December 2017). US independent Kosmos (28%) partners BP (62%) on each of the major’s four Mauritanian deepwater blocks. Indeed, it was Kosmos that made the key initial discoveries, in...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Israel Offshore Awards: Small Firms, Smaller Commitments
...e ministry to attract bigger names to its offshore after 2017’s previous bidding flop (MEES, 15 December 2017). Then, just six of the 24 much smaller blocks on offer were awarded, with Energean taking five. The Greek firm has yet to undertake any exploration on the acreage. Energean’s key focus is...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
KRG: DNO Tawke Output Down Again
...gion’s oil sector. And whilst the 2017 start-up of the 52,000 b/d Peskhabir field has provided a boost, in recent months it has failed to offset losses at the eponymous Tawke field which saw output dip to 67,800 b/d in Q3 – down from 83,400 b/d in 3Q 2018 and 107,000 b/d in 3Q 2017. DNO expects to ex...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Egypt Confident It ‘Has The Keys To The Future’ Of East Med Gas
...ock 10 (80%) alongside Qatar Petroleum (20%). There has even been progress in Lebanon, which successfully held an offshore licensing round in October 2017 in which it managed to snag Eni and French major Total (MEES, 20 October 2017). Drilling will commence next year. However, plans for a second ro...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
MEES Interview With Egypt’s Minister of Petroleum
...d of the previous fiscal year, 2017-18, which ended on 30 June, upstream investments from foreign firms and joint ventures reached about $10bn, and we expect the same over the current fiscal year (2018-19). The Ministry of Petroleum is currently implementing new projects that will double the in...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
KRG-Baghdad Deal Needed To Unlock Northern Potential
...peline to Ceyhan (see map). This would cure a massive headache for Iraqi oil officials who are sitting on at least 150,000 b/d of stuck-in crude at Kirkuk. Iraq increased its production capacity by 280,000 b/d overnight when it retook Bai Hassan and the Avana Dome from Kurdish forces in 2017 (MEES, 20...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Egypt Gas Output Set To Soar By 2020
...timistic. For much of 2017 Egyptian officials have been touting that the country will have a gas surplus as early as mid-2018. Egypt last had an annual gas surplus in 2013 when output was almost 5.5bn cfd and it exported 50 cargoes of LNG. Output subsequently slumped, plumbing a nine-year low of 3.89mn cf...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Algeria: In Amenas Hits Record Production As In Salah Output Halves
...One of Algeria’s largest wet gas fields, In Amenas, enjoyed a record nine months in 2017, producing gas at a rate not seen for more than one quarter at a time over the past seven years. The concession, operated by a consortium of the UK’s BP, Norway’s Statoil, and state energy company So...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
BP, Eni Race For First Gas From Egypt Acreage
...pects first WND output in early 2017 as opposed to the original mid-2017 estimate. Initial output will be 450mn cfd rising to 600mn cfd at end-2017 and 1.2bn cfd plateau output by end-2019, he says. BP has spent the last 12 months optimizing its development plan, CEO Bob Dudley told investors during th...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
IEA Chief Warns Against Aggressive Capex Cuts
...stream spending would be unprecedented. BP CAPEX CUTS Oil and gas majors have reported further cuts. BP, reporting its Q3 results on 26 October, said it has reduced its full-year capex for the third time this year. BP expects annual capital spending to remain at $17-19bn until 2017, well down on it...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
Khafji Remains Offline As Neutral Zone Squabble Escalates
...at Chevron will move forward with its planned $5bn, 80,000 b/d first phase of its steam injection program at Wafra. As it stands, the project has already faced several years of delay and a final investment decision isn’t expected until 2017. Costs have also ballooned, which may force the project to be...
Volume: 57Issue: 44Published at Fri, 31 Oct 2014 -
ADIPEC Absentees Raise ADCO Questions
...rait of Hormuz. Regardless of when the concession renewal process is completed, ADCO says it intends to raise production capacity to 1.8mn b/d by 2017. ADCO General Manager ‘Abd al-Mun’im al-Kindi said on 29 October that the plans were on track and part of ADNOC’s overall program to raise total pr...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Kuwait Tenders Heavy Oil Project
...rst phase of the development. KOC is targeting 60,000 b/d of 12-16°API crude production by 2017 with a second phase expected to target 120,000 b/d by 2020. The company expects a third development phase to allow the company to hit 270,000 b/d by 2030. Originally, the project was scheduled to pr...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
South Sudan Orders Oil Production Restart
...l Output Through 2017 In its Medium-Term Oil Market Report 2012 meanwhile, the International Energy Agency (IEA) said it did not expect to see any significant increase in either country’s production over the coming five years, despite best efforts by both the Sudanese and Southern Sudanese go...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Woodside Keen On Leviathan Partnership, Pelagic Prepares Aphrodite-2 Well
...cility located in Cyprus – but will need a strategic partner experienced in LNG to carry the project through. Currently, the target date for Leviathan production start-up is a tentative 2017. But exports from Leviathan and other Israeli fields will depend on whether the Israeli government’s export policy fo...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012