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Saudi Aramco Completes Key Gas Expansion Project
...wiyah and Haradh gas compression projects, but both have suffered delays since contracts were awarded in 2017 (MEES, 15 December 2017). Aramco noted in its Q3 results on 7 November that “the Hawiyah Gas Plant expansion, part of the Haradh gas increment program, was successfully commissioned and br...
Volume: 66Issue: 45Published at Fri, 10 Nov 2023 -
Gulf Rig Count Surges In October
...ver mind 2019’s high of 68 (see chart 2). 2: ABU DHABI’S RIG COUNT ROSE BY FOUR IN OCTOBER, ALL OIL RIGS KUWAIT SLUMP *Kuwait long vied with the UAE as the GCC’s number two producer. Until 2017 Kuwait typically had a higher rig count than Abu Dhabi (MEES, 9 July). Bu...
Volume: 64Issue: 45Published at Fri, 12 Nov 2021 -
Petrofac Seeks $530mn From Bp/Equinor Algeria Gas Project As Finances Stretches By Continued Saudi Boycott
...ly managed to fully complete the In Salah tie-ins in November 2017 – some 30-months beyond the development’s original 50-month work-schedule. It remains unclear how much of the delay stemmed from the In Amenas attack: similar-length delays are par for the course in Algeria. STRETCHED FI...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
In Salah & In Amenas Gas Output Slump
...oduction hitting a 12-year high 808mn cfd in 2018 following the November 2017 tie-in of four ‘southern fields’ with the completion of a $1.2bn EPC contract by the UK’s Petrofac (see main story). Whereas In Salah saw a sudden collapse in output from Q2 – a timing that meshes with Europe’s Covid-related de...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
KRG’s Sarta To Start Soon
...me online since the startup of 50,000 b/d Atrush in 2017, and could provide a significant boost to the region’s struggling oil sector. The startup of a new field, and critically the first operated by a US major, will be welcome positive news for the KRG– even if it will do little to rectify the on...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
Abu Dhabi’s Mubadala Puts Gas At Center Of Petroleum Strategy
...rst came the merger with fellow state-investor IPIC in 2017 (MEES, 24 February 2017), and after a period of consolidation last year saw a slew of major investments (MEES, 20 April 2018). The state investment vehicle’s consolidated energy portfolio sits in the Petroleum and Petrochemicals platform, wh...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
MEES Interview: Musabbeh al-Kaabi, CEO of Mubadala Petroleum & Petrochemicals
...Q: Mubadala has accelerated energy sector investments over the past 18 months. What benefits have you realized from the increase in scale in your portfolio following the merger with IPIC in 2017? A: Our investment business is now well-established and we are very pleased with the progress si...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Oxy Gambles On Oman Replacing Qatar Volumes
...rection, volumes are set to increase in the coming years. Indeed, as with BP, Occidental has flagged up its renewed interest in Oman as being in part driven by a desire to roll out techniques honed in the Permian (MEES, 17 November 2017). OCCIDENTAL MENA CRUDE OUTPUT (‘000 B/D) OC...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
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: 59Issue: 45Published at Fri, 11 Nov 2016 -
BG’s Egypt Decline Expected To Continue As Shell Takeover Nears
...rst ever cargo to Egypt during Q3. Egypt has now signed up to import a total of 167 cargoes until 2020 by which time it hopes to gain energy independence, following the discovery of the 30 tcf Zohr gas field by Italian firm Eni in August and UK firm BP’s West Nile Delta project coming online in 2017 (ME...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015 -
GCC Aid For Egypt Benefits Gulf Independents
...w blocks, taking two in the Nile Delta. The company last month said it had been paid $47mn (in Egyptian pounds) by Cairo, although $11mn of this has been ring-fenced for spending on its plans to expand its Egyptian output to 160mn cfd by 2017 (MEES, 24 October). Under the deal Dana Gas is allowed to ex...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014