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Total Aims To Become Mena’s Dominant IOC
...eld takes over in June 2017 and could provide Total with around 90,000 b/d, potentially seeing it overtake ExxonMobil to claim top spot in the region for liquids. 1: TOTAL CLAIMS 40% UPSTREAM COST CUTS SINCE 2014 SOURCE: TOTAL, MEES. 2: TOTAL'S RENEWED ADCO SHARE SEES IT OV...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Suez Canal Sees Record Northbound Oil Shipments
...tal cargo shipped is up 9%. SUEZ CANAL MONTHLY REVENUE ($MN): DOWN 8% ON 2014 DESPITE LAST YEAR’S EXPANSION SOURCE: SUEZ CANAL AUTHORITY. NORTHBOUND OIL SHIPMENTS SOAR The key area where the Suez Canal has seen transit volumes rise has been in northbound oil shipments. Saudi Ar...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Kuwait Eyes Push Into US Petchems With Award Of MEG Plant Contract
...ve been considering an aromatics joint venture since 2014. PIC and Noga signed an agreement in late October for a 1.44mn t/y aromatics project, according to Kuwait’s state news agency Kuna. Rapid progress is unlikely on this venture also, given Bahrain’s relatively limited financial resources and ma...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Qatargas Ramps Up Output At Ras Laffan 2 Splitter
...Qatar’s Qatargas has started operations at the Ras Laffan 2 condensate splitter and is ramping up production. But it is not clear how close the operator is to achieving full throughput capacity of 146,000 b/d. When Ras Laffan 2 construction began in 2014, Qatargas predicted plant co...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Morocco Awards Three PV Projects, As Mena Gets Serious About Solar
...solar capacity over two sites near Manah and Adam, respectively 150km and 170km southwest of Muscat. Iran plans 100MW of solar at Aran va Bidgol in Isfahan province. Bahrain built a 5MW solar pilot plant in 2014, and now plans new laws to encourage building owners to install rooftop solar. In No...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Can Opec Get Its Act Together Ahead Of Vienna Meeting?
...giers on 29 September and set its target range, Iraq has been insistent that while it approves of an overall cut, it should be exempt. As the second largest producer in Opec and the one whose production has increased the most during the price slump – 1.24mn b/d since November 2014 – its non-pa...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Trump Sword Of Damocles Hangs Over Global Climate Action
...SITIONS IN FULL Nov 2012 (tweet): "The concept of global warming was created by and for the Chinese in order to make US manufacturing non-competitive" Jan 2014 (tweet): "Is our country still spending money on the GLOBAL WARMING HOAX?" Jan 2016 (Fox & Friends TV show): "I think the climate ch...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
‘Iran Is A Risk…The US Is A Risk’ Total’s Pouyanné Speaks To MEES
...at people are exaggerating. Yes, we have seen a few rigs come back into the picture. But in the US today, you have 450 active oil rigs, it’s nothing compared to what we had in 2014, when it was around 1,400 [see chart, p20]. Yes, this is a potential dynamic, but I think it is not clear how many of th...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016