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Morocco Generates Gas Sector Momentum
...ni Mathar and 385MW Tahaddart) until 2021, the kingdom had been looking to reduce its reliance on imports from its rival neighbor (MEES, 30 June 2017). The latest LNG import infrastructure plans, as well as the planned output from Tendrara, are part of a national strategy to diversify energy su...
Volume: 68Issue: 50Published at Fri, 12 Dec 2025 -
Oman: Tethys Flops In Block 58
...16 December. Output is in decline at Tethys’ only producing asset, Blocks 3&4 (CCED 50%op, Tethys 30%, Mitsui E&P 20%) where production has averaged 26,000 b/d so far this year, down 35% from its 2017 peak. The firm recently submitted a field development plan for Block 56, though volumes he...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Assad’s Downfall Reshuffles Regional Order
...d previously headed the ‘Syrian Salvation Government’ created by HTS in 2017 to administer its territory in Idlib province (see map). SYRIA’S NEW CONTROL MAP AND OIL & GAS INFRASTRUCTURE HTS has a problematic history, to say the least. Until 2016, it was known as Ja...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
UAE Gas Growth Outlook Revised Up Sharply
...st, with its abundance of low-cost energy resources certainly has a strong business case to attract AI data centers, and the UAE has made no secret of its plans to capitalize on this. It appointed a minister of state for artificial intelligence in 2017, launching the UAE strategy for AI in the same ye...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Cyprus Hopes For Mega Exxon Elektra Find To Jolt Its Gas Sector To Life
...permajor’s exploration position in a region where it has no current output. Exxon was awarded blocks 10 and 5 offshore Cyprus in March 2017 and November 2021 respectively, making the Glaucus find in the former on 2019 (MEES, 1 March 2019). It has since added three large Egyptian Mediterranean blocks, with Qa...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Kuwait’s Cabinet Looks Ahead To A Troublesome 2024
...rrorism related charges. As well as the political figures, those pardoned included Shafi al-Ajimi who was jailed in 2021 for financing Al-Qaeda-linked Al-Nusra Front in Syria, and Hassan Abdul Hadi Hajeyah who was sentenced in 2017 to life in prison for heading the infamous ‘Abdali Cell’. The group ha...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Egypt’s Financial Woes Mount: Record Debt & Deficit As Devaluation Looms
...th the IMF. But as oil prices have risen in recent years gasoline and diesel subsidies have reappeared by the back door (MEES, 10 November). The E£119.4bn ($3.9bn) budgeted for 2023-24 spending on oil products subsidies is the highest since 2017-18 in Egyptian pound terms and 2018-19 in dollar te...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Genel Considers Impairment At Iraqi Kurdistan’s Sarta As Latest Well Flops
...aqi Kurdistan marked a major milestone for the region as the first new field to enter production since 2017 (MEES, 27 November 2020). But more than two years later production has dwindled from initial levels and work on appraising new areas has flopped, leading operator Genel to this week announce an im...
Volume: 65Issue: 50Published at Fri, 16 Dec 2022 -
Kuwait’s Need For LNG Slumps As New Al-Zour Refinery Ramps Up Fuel Oil Output
...FO pipeline from the refinery “will begin commissioning” after “filling and stabilization operations” on the first pipeline are completed. The construction project overseen by KOC also includes a gasoil pipeline. The $850mn pipeline contract was awarded to Italy’s Saipem in August 2017 and in...
Volume: 65Issue: 50Published at Fri, 16 Dec 2022 -
Oman LNG Export Revenues Set To Smash Annual Record
...talEnergies (5.54%), Korea LNG (5%), PTTEP (2%) and a trio of Japanese firms. GAS REVOLUTION The start-up of BP’s 1bn cfd Khazzan tight gas project in 2017 spurred Oman’s gas success, with the second phase 500mn cfd Ghazeer play boosting production when it came online in October 2020. Do...
Volume: 65Issue: 50Published at Fri, 16 Dec 2022 -
KRG Repayment Obligations Offset Oil Revenue Gains
...ghest since the Deloitte audits began in 2017, and was more than the KRG’s net receipts. With IOCs in Kurdistan having already reported increased Q3 revenues, payments will have risen to more than $1bn last quarter. PIPELINE PAYMENTS MOUNT Following a 2017 transaction, the KRG’s 95...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
Qatarenergy Egypt Entry Could Be Prelude To Further Energy Partnerships
...verage our joint expertise,” Shell Egypt country manager Khaled Kacem says. GEOPOLITICAL SHIFT QE’s upstream entry is of geopolitical significance in that Egypt under President Sisi was an enthusiastic backer of the Saudi and UAE-led embargo of Qatar from mid-2017 (MEES, 9 June 2017...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
Energean’s Karish Sales In Doubt As Israel Gas-To-Power Market Hots Up
...y customers for its 7.2bcm/y (700mn cfd) Karish development offshore Israel. Of 7.1bcm/y (684mn cfd) in gas sales contracts, more than half is under threat. Energean’s three largest customers are all looking to back out of their gas purchases on contracts signed with Energean in 2017, citing de...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
Benchmark Crude Prices ($/B)
...p20 Q3 2020 Q2 2020 Q1 2020 2020 (>10Dec) 2019 2018 2017...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Energean Eyes Full Control Of Key Israel Subsidiary
...London-listed Greek firm Energean is in talks to take full control of its Energean Israel subsidiary by buying-out 30% partner Kerogen Capital. Kerogen initially in February 2017 paid cash-strapped Energean $50mn for a 50% stake in its core Israel assets, before the Greek firm exercised an op...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
UAE Nuclear Power Plant Hits Full 1.4GW Capacity On Test
...pco connected Barakah-1 to the grid in August. Before the plant begins commercial operation, it will be shut down for a check outage “for several months.” The first Barakah reactor was originally slated for 2017 start-up, with the three similar units to follow at yearly intervals. But a scandal ov...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Egypt’s Power & Gas Demand Rebound From Covid Slump
...20.0TWh for August, the first month since February not to be down year-on-year, and the third highest figure on record behind July 2017 and 2019 (see chart 1). *And the latest gas consumption stats, which are for September, suggest that power generation has continued to rise. The country’s ov...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Libya’s Monthly Output Tops 1mn B/D
...tural decline is certainly one factor, the main reason for the slump was due to Istiklal’s second production unit being shut down since 2017. Having now restarted on 28 November, this should provide a healthy boost – eventually, at least. Sirte Oil says the restart of the second unit will allow its en...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Libya’s NOC Clears House With Key End-Year Deals
...tput falls meant its pre-2010 contract remained valid. NOC didn’t. In 2016 it went as far as stopping Wintershall crude exports from Zueitina port (MEES, 3 November). In 2017 NOC chief Mustafa Sanalla said Wintershall was “free to leave” Libya if it didn’t want to sign new terms. And much more re...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Russia’s Tatneft Back In Libya For Seismic
...ab Geophysical Exploration Services Company (AGESCO) to complete 200 km² of seismic in Area 82’s Block 4 which was suspended in 2014. Tatneft was awarded eight exploration blocks (Areas 69, 82 & 98) in Libya in 2005 and 2007 (MEES, 28 July 2017, see map, p2). It struck oil several times, but was fo...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019