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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 -
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 -
Oman To Offer Blocks In 2019 Bid Round
...r the 2019 bid round, despite the relatively strong performances of the last two bid rounds held in 2016 and 2017. The 2016 round saw all four assets on offer eventually awarded—including offshore Block 52 to Eni and Block 30 to Oxy. The 2017 bid round has proven equally successful as well. Oxy took bl...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
US Shale: Becoming A Major Game?
...tracted the lions’ share of their stretched 2017 exploration budgets and this is set to remain the case for years to come. The role of majors and large independents in the US shale sector is set to grow further due to a combination of push and pull factors. Factors pushing majors to the sector include pl...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
BP Can’t Stop Falling For Low Cost Mideast Output
...Low cost Mideast fields are of growing importance for BP. The expiry of Abu Dhabi’s Adma sees output dip, but growth in Oman & Kuwait means long-term the trend is up. BP net oil and gas output for Jan-Sep 2017 is up 10% year-on-year (excluding the firm’s 19.75% stake in Russian state gi...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
KRG Sees Signs of Green Shoots In Its Troubled Oil Sector
...oduction gains in 2017. But huge problems remain, not least that debt payments for earlier oil prepayments are crimping revenues to such an extent that oil revenues remain below the public sector wage bill. Refining runs have been slashed in a bid to maximize export revenues in order to make payments to IO...
Volume: 59Issue: 46Published at Fri, 18 Nov 2016 -
Apache Hits Egypt Output Record Despite Capex Cuts
...s output of 4.2bn cfd (see graph). Apache’s Egyptian gas output peaked at 918mn cfd in Q4 2013. Eni is Egypt’s top net gas producer with 650mn cfd, almost double Apache’s net 365mn cfd, and is set to surge ahead with the planned 2017 start-up of its giant 30 tcf Zohr discovery (MEES, 6 No...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
McDermott Sees Brownfield Shift In Gulf Contract Awards
...llhead jackets. Installation of two jackets in the Bul-Hanine field offshore east of Doha has been scheduled to be completed by December 2016 with the remaining two scheduled for completion in July 2017.” This month Qatari LNG producer RasGas awarded McDermott EPCI work on a flow assurance and looping pr...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Abu Dhabi Moves Towards Integration Of State Oil Firms
...actors, which will come online from 2017, and by tapping its sour gas reserves. The Shah gas project – a joint venture between ADNOC and US firm Occidental – will deliver 500mn cfd of usable gas once it comes online in 2014. A stake in a second sour gas project at the Bab oilfield was awarded to Shell ea...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013