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Saudi Rig Count Rebounds As Focus Turns Offshore
...azil’s offshore rig count remained at 10 in October, less than a quarter of peak 2011-13 levels, but it is due to rise after a slew of recent rewards. Brazil awarded six of eight deepwater ‘pre-salt’ blocks on offer last month: three to Anglo-Dutch major Shell, BP took two, and ExxonMobil one, in the cl...
Volume: 60Issue: 45Published at Fri, 10 Nov 2017 -
Libya: Little Sign Of Optimism In Operators’ Q3 Results
...pically produced 100,000 b/d prior to Libya’s 2011 revolution. But, despite a lack of fighting or incidents in the vicinity of the fields themselves, port and/or pipeline closures have meant that output has been only sporadic in recent months, and with the exception of a brief period in October, has been at...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015 -
Egypt Secures Saudi Power Loans
...rning additional diesel and fuel oil in power plants to keep pace with rising peak electricity demand. The loans are the latest GCC move to stabilize in a country severely impacted by the Arab Spring of 2011. Saudi Arabia, Kuwait and the UAE provided $12bn of aid, including oil products, after the ou...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Analysis: Oxy Mideast Pullback Spurred By Risk-Averse US Investors
...ansition of power from father to son and there is no threat to the country’s leadership. Minor protests in Oman in 2011 posed scant threat to the country’s leadership, as well. In the UAE, where the only perceptible repercussion of the “Arab Spring” has been an outpouring of foreign aid to ailing regional al...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Dana Gas Misses Sukuk Deadline
...e down 6% compared to the same period in 2011 “mainly due to a fall in natural gas production in Egypt” the company says. The company’s overall net production fell 9% to 59,600 b/d of oil equivalent (boe/d) over the same period. Egyptian production for the first nine months of 2012 was 32,000 boe/d, do...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012