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  1. Abu Dhabi Oil Shake-Up: Hold On To Your Hats

    ...1.4mn t/y of paraxylene and 500,000 t/y of benzene, for which Adnoc’s petrochemicals subsidiary Chemaweyaat and Thailand’s Indorama signed a joint venture agreement in late 2013 (MEES, 3 January 2014). Indorama reportedly pulled out of the project in March 2016, and Chemaweyaat has not announced an...

    Volume: 59
    Issue: 45
    Published at Fri, 11 Nov 2016

  2. Oman Power: Foot Off The Gas Despite Khazzan Progress

    ...readbare international project pipeline. When asked on the firm’s 1 November Q3 earnings call “Given the [cost] deflation you have seen, is it time to step up the FIDs [final investment decisions]?” CFO Brian Gilvary says “we rebuilt the company over 2011 to 2014 [with a massive sell-off of assets to fund ‘De...

    Volume: 59
    Issue: 45
    Published at Fri, 11 Nov 2016

  3. Opec Shows No Sign of Cutting Ahead of November Meeting

    ...now 2.57mn b/d above that of November 2014, when Opec members met in Vienna and opted against cutting to shore up prices. Yet only six Opec members have increased output, and five have seen it fall (see chart). Of these six, the two biggest gainers Iran and Iraq have vociferously claimed that wh...

    Volume: 59
    Issue: 45
    Published at Fri, 11 Nov 2016

  4. Lebanon: Can New President Get The Country Moving?

    ...troleum legislation necessary to launch a bid round for Lebanon’s offshore acreage (MEES, 31 July 2015). After former President Michel Sulaiman completed his term in May 2014, the political vacuum reduced decision making on key issues to a bare minimum. Under the new administration, parliament ne...

    Volume: 59
    Issue: 45
    Published at Fri, 11 Nov 2016

  5. Streamlined Oxy Set to Bag UAE Gas Expansion Project

    ...5% to 8% in 2017.” Capex in the first nine months of 2016 was just $1.99bn, down more than 50% on the same period last year and barely a third of the first nine months of 2014.  OCCIDENTAL PETROLEUM: MENA PRODUCTION *DOLPHIN PRODUCTION COMES FROM QATAR'S NORTH FIELD. **EXCLUDES iRAQ, BA...

    Volume: 59
    Issue: 45
    Published at Fri, 11 Nov 2016