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Kuwait Targets Heavy Oil Reserves With Eye On Future
...arted up a second pilot plant a month ago to test the same techniques in the south of the field; its initial pilot facility remains operational. KOC plans to ramp up Ratqa production here to 270,000 b/d by 2030. The Lower Fars reservoir of Umm Niqa was only discovered in 2014, but production began th...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
US Hikes 2017 Output Forecast As Firms Prepare To Raise Spending
...ude, having risen above 9mn b/d for the first time in 28 years in September 2014, fell back below this level in April this year on the back of a more than halving in oil prices. While the 9.63mn b/d April 2015 peak is set to stand for some time yet, by the same token it looks increasingly likely th...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Iran Inks Petchems Investment Deals With Japan & China, Shell Adds Upstream MoU
...d of ethane and 100,000 b/d of NGLs (MEES, 10 October 2014). Whether 3.7bn cfd of extra methane and ethane feedstock is available depends on Iran’s completion of further phases of South Pars, on gas burning in power plants and on gas exports. However, Total and Shell appear to be planning to si...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Egypt Bidding: Top Players Apache, Shell Expand Western Desert Acreage
...ken blocks near or adjacent to their existing acreage in the region while Apex has used the knowledge of founder and CEO Robert Plank, who stepped down as CEO of Apache in 2014 and Thomas Maher former VP of Apache’s Egypt operations in taking the Southeast Meleiha and West Badr El Din blocks which bo...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Opec Hits New Record Output as Attention Switches to Non-Opec
...n-Nov16 v Jan-Nov15 2015 2014 S Arabia* 10.43 -0.05 +0.18 10.48 10.06 -0.37 10.35 +0.15 10.20 9.70 Iraq 4.64 +0....
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Qatar Wealth Fund QIA And Glencore In $11.3bn Rosneft Deal
...th Iran will not sit well with Qatar’s Arab allies. However, Qatar has since 1995 pursued an independent strategy often at odds with its neighbors. This most recently came to a head in March 2014 when Saudi Arabia, the UAE and Bahrain pulled their ambassadors from Qatar, citing Doha’s alleged in...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Benchmark Crude Prices ($/B)
... 8Dec 28Nov-2Dec 21-25Nov Nov16 Oct16 Q3 2016 Q2 2016 Q1 2016 2016 (>8 Dec*) 2015 2014 2013 WTI 50.84 49.30 47.66 45...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016