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Mauritania’s Banda Integrated Gas Project Progresses
...n provide momentum to this (MEES, 15 August). Banda is located roughly 61km southwest of Nouakchott, to the east of the Chinguetti field (see map). Chinguetti is Mauritania’s only ever commercial oil field, but having started up in 2006 production stopped in 2017. UK major Shell held the su...
Volume: 68Issue: 46Published at Fri, 14 Nov 2025 -
QatarEnergy Expands In Egypt Amid US LNG, Namibia Exploration Setbacks
...oust Doha-backed Islamist president Mohamed Morsi. Further straining relations, Egypt also participated in the Saudi-led 2017-2021 embargo of Qatar, but that all appears to be water under the bridge, especially if Qatar’s deep pockets can help Cairo fix its finances. MAJOR PA...
Volume: 67Issue: 46Published at Fri, 15 Nov 2024 -
Oxy’s Oman Strategy Struggles To Hit Its Stride
...ock 9 for gas lift and sale.” However, any gains from this work have evidently been more than offset by declines elsewhere. Oxy still holds three blocks it is exploring which could make the difference. The company picked up Block 51 under Oman’s 2017 bid round (MEES, 21 December 2018). Oxy last year fl...
Volume: 66Issue: 46Published at Fri, 17 Nov 2023 -
Algeria-Italy Gas Slump
...,300 b/d for an implied 60,000 b/d gross Ourhoud figure, less than half 2017 levels. Cepsa cites “scheduled maintenance turnarounds in Algeria” as a key reason for a fall in 9M 2023 upstream output versus a year earlier, as well as the sell-off of its UAE assets (MEES, 3 March). *Algerian state gi...
Volume: 66Issue: 46Published at Fri, 17 Nov 2023 -
Uniper Seeks Buyers For Fujairah Refinery
...rket. The two-train topping plant started commercial operations in 2017, and Uniper says it has “the capacity to produce about 5mn t/y of marine fuels with sulfur content as low as 0.1% and up to IMO 2020 specifications [0.5%].” The refinery runs on crude oil feedstock imported on tankers. Data in...
Volume: 65Issue: 46Published at Fri, 18 Nov 2022 -
Egypt’s Midsize Gas Producers: Output Down But Receivables Down Too
...ich saw production average 148mn cfd during the first nine months of 2021, down 45% from 2017’s 270mn cfd. Output was just 137mn cfd (28,100 boe/d including liquids) for Q3 with the firm guiding a further fall to just 127mn cfd for Q4 (see chart 1). Though output is set to fall yet further in the fi...
Volume: 64Issue: 46Published at Fri, 19 Nov 2021 -
Egypt Gas Output Makes Late-2020 Recovery Despite BP Collapse
...TPUT SLUMP FOR BP’S WND One of the key projects, along with Eni’s Zohr, that has helped boost Egypt’s Mediterranean output in recent years was BP’s 5tcf West Nile Delta (WND), which started-up in April 2017 (MEES, 12 May 2017). But MEES understands both Phase 1, Libra and Taurus fields, an...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
UAE Joins Shale Revolution With Unconventional Gas Start Up
...irly soon” (MEES, 29 May). However, the region’s leading unconventional player is Oman, where BP brought the 500mn cfd Ghazeer project online last month (MEES, 16 October). Ghazeer is the second phase development of Block 61’s tight gas reserves, following the 2017 start-up of 1bn cfd Khazzan ou...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
EOG Goes Big On Oman Shale With Farm-In At Tethys’ Block 49
...stream (MEES, 25 September), Houston-based EOG Resources is making its second foray into the sultanate, this week taking 50% of Tethys Oil’s Block 49, which is located next to EOG’s recently-acquired Block 36 in the south west of the country (see map). Tethys acquired Block 49 in 2017 (MEES, 24 No...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Adnoc/ADQ JV Launches $5bn Plan For Ruwais Petchems
...18). This is part of a 2030 strategy to boost refining capacity by 60% to 1.44mn b/d and more than triple petchems capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). Adnoc and ADQ announced on 10 November that ‘anchor’ projects will be promoted as part of a $5bn first phase of the park, with de...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Taqa Hikes Foreign Ownership Limit To 49% Ahead Of Offering
...reign investment in Taqa supports the “significant efforts of our country’s leadership to encourage foreign capital inflows.” State petroleum firm Adnoc has led the way, raising $851mn in a 2017 IPO of Adnoc Distribution. It has also brought foreign investors into its midstream operations (MEES, 26 Ju...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Tunisia: Southern Output Returns
...ocked output from Tataouine province, calling on Tunis to implement a 2017 deal on promising investment and jobs (MEES, 18 September). The new deal stipulates that the government create a development fund, hire 1,000 workers and drop charges against protesters arrested during the unrest. The bl...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Bab Expansion Plans Grow
...Adnoc is investing $489mn to further expand its key onshore Bab field to 485,000 b/d. Work was already underway through a 2017 contract to expand the field from 420,000 b/d to 450,000 b/d by next year (MEES, 17 November 2017). The EPC contract for the latest expansion was awarded to Gr...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Oman Offshore Ambitions Creep Forward
...illing next year will be in Oman, the first deep offshore drilling in Oman, so it’s quite important,” he says. “That is most likely gas or gas/condensate, and we are drilling only seven months after the acquisition [closed], which is a big achievement.” Eni acquired Block 52 operatorship in 2017 (ME...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Iran Digs Deep With Massive Heavy Oil Find
...elds including Darquain, Mansuri, Sepehr, Ab Teymour, Jufeyr and Susangerd (see map). Several of these fields in the ‘West Karun’ region bordering Iraq were among those that Iran sought to offer up to foreign investors in 2017 (MEES, 23 June 2017). Indeed the ‘new’ field appears to at least in pa...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Iraq: Lukoil Not Happy
...lt in recent weeks. The West Qurna-2 expansion is not the only Lukoil project under threat. Lukoil also operates Block 10 (60%, 40% Japan’s Inpex) where it has been looking to develop its 2017 2.5bn barrel-plus Eridu discovery (MEES, 3 March 2017). The find was dubbed Iraq’s “largest in decades”: Ir...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Aramco Kicks Off Share Offering: But At What Price?
...came Crown Prince in June 2017 consolidating his position as the kingdom’s de facto day to day ruler (MEES, 23 June 2017). The desire for a high implied valuation seems to have been a key factor behind both the delay to any sort of IPO and the kicking of an international listing into the long gr...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Iran Ups Geopolitical Stakes With Nuclear Advances
...ssia. The new plants at Bushehr will also process Russian fuel (MEES, 31 March 2017). ...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
SEC Switches Privatization Plan From Sell-Off To IPPs
...cess of peak demand (MEES, 9 August). In the first half of 2019 SEC had access to a total 75.1GW of capacity to supply its grid, 15.5GW above peak load of 59.6GW. Additionally, reduced electricity subsidies have helped cut peak load from the record 62.1GW of 2017 (see chart). PRIVATE SECTOR PL...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Korea LNG: Qatar Volumes Slump
...rean imports. And for October Qatari volumes fell to just 0.47mn tons, the lowest monthly figure in well over a decade (see chart). Such has been Qatar’s dominance in Korea that only twice since 2013 had it not been top on a monthly basis (edged out by Australia in September 2017 and June this ye...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019