- Sort by:
- Score
- Published ▼
-
ExxonMobil Quits Iraqi Kurdistan
...cked up five licenses in 2017 and a 60% stake in the region’s crude oil export pipeline to Turkey (MEES, 10 November 2017) – but there are growing questions over the ability of the Russian firms to operate smoothly after being hit by fresh sanctions in the fallout from the Ukraine invasion. As for Ex...
Volume: 65Issue: 17Published at Fri, 29 Apr 2022 -
Mideast Distillate Exports Drop Amid Global Shortfall
...ower pace than envisioned by the IMF in January (MEES, 22 April) – and demand therefore rising, distillate crack spreads have widened dramatically. Inventories have been declining since mid-2021 “and are currently at their lowest level since at least 2017,” according to a 12 April note by consultancy FG...
Volume: 65Issue: 17Published at Fri, 29 Apr 2022 -
Saudi Crude Exports At 22-Month High As Crude Burn Falls
...bruary, the highest since August 2019 whilst fuel oil production rose to 524,000 b/d for the highest since August 2017. This comes as Saudi gradually ramps up throughputs at its 400,000 b/d Jazan Refinery which is currently running at half capacity prior to full operations later this year. However, it is un...
Volume: 65Issue: 16Published at Fri, 22 Apr 2022 -
Egypt Oil Burn Rises As Gas Exports Maxed
...art). Egypt slashed fuel oil burn at its power plants following the end-2017 start-up of the giant Zohr offshore gas field (see p3 and MEES, 15 December 2017) and the 2018 start-up of 14.4GW of CCGT capacity (MEES, 27 July 2018). Fuel oil burn fell to an average of just 35,000 b/d for 2020 and 22...
Volume: 65Issue: 16Published at Fri, 22 Apr 2022 -
Food & Fuel: Surging Prices Spell Mixed Fortunes In North Africa
...BYA (2018) AND ALGERIA (2017). SOURCE: WORLD BANK. 2: PRICES OF MAJOR FOOD PRODUCTS HAVE SOARED OVER THE PAST FEW MONTHS* *FAO FOOD COMMODITY PRICE INDICES SHOW CHANGES IN MONTHLY INTERNATIONAL PRICES OF MAJOR FOOD COMMODITIES. 2014-2016 PRICES USED AS BASE. SOURCE: FOOD AND AG...
Volume: 65Issue: 16Published at Fri, 22 Apr 2022 -
BP Taking Egypt Offshore Block As Raven Outages Persist
...itially started-up in 2017 through the Libra and Taurus fields but suffered steep production declines. Despite the latest Phase-3 Raven gas-condensate field being brought online almost 12 months ago, output has never reached the 1.4bn cfd initially planned when the project was sanctioned (MEES, 30 April 20...
Volume: 65Issue: 15Published at Fri, 15 Apr 2022 -
Leviathan To Turkey Pipeline Talk Resurfaces
...mietta or Idku and/or a floating LNG (FLNG) facility to be moored in Israeli waters next to the Leviathan platform, 10km offshore Dor (see map). Since tentatively starting in 2017 with minimal volumes to Jordan’s Arab Potash plant on the Dead Sea, Israel’s gas exports have risen meteorically. Exports we...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Mounting Debt Obligations Take Shine Off Of KRG Oil Revenue Boost
...ES, 21 January). Output dropped from 453,000 b/d in 2020 to 445,000 b/d last year, but gross oil revenues more than doubled to $9.12bn thanks to resurgent oil prices. This is the highest figure since the KRG brought Deloitte in to audit its oil sector in 2017 and began issuing quarterly reports. Gr...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Qatar’s Al Kharsaah Solar PV Plant Poised For Startup
...ES, 4 March). SIRAJ ENERGY: LEADING DIVERSIFICATION √ Siraj Energy was established in 2017 as a joint venture between state-run QatarEnergy (51%) and Qatar Electricity and Water Company (49%), with the aim of developing projects to...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Kuwait Cabinet Resigns, Again
...pacting the government’s ability to pass a much-needed debt law, reduce bloated spending, and diversify the economy away from oil reliance. On 4 April, local Kuwaiti Al Anbaa reported that finance ministry documents showed that since “the public debt law’s validity ended in October 2017,” Kuwait withdrew “ab...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Kuwait Oil Expansion Gets $1bn Japan Boost
...rkover rigs throughout its fields.” This is considerably more than the one-year high 28 active rigs shown in the Baker Hughes Rig Count for February. According to KOC’s annual reports, drilling and workover activity peaked in 2017-18 with 672 new wells drilled and over 1,500 workover operations. This ha...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Eni Turns To North Africa In Gas Output Drive
...ODUCTION *NO NORTH AFRICA SPLIT AVAILABLE FOR 2021. ^EXCLUDING EGYPT. SOURCE: ENI, MEES. EGYPT GROWTH Egypt has been instrumental to Eni’s tilt towards gas since the start-up of the 21.5tcf offshore Zohr field in late 2017. The field posted record 2.74bn cfd output last year, contributing 40...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Qatar Snags Egypt Mediterranean Block As Relations Advance
...ismic-only commitment. Should Exxon and QE then move to a second two-year phase this comes with a commitment to drill three wells. CYPRUS CONNECTION QE’s entry into North Marakia marks a growing partnership with Exxon in the Mediterranean following the April 2017 award of Cyprus’ of...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Oman Oil Output Hits New Heights In Q1 As Revenues Soar
...st notably the 2017 start up and subsequent expansion of the BP-operated Khazzan tight gas development – Khazzan’s condensate capacity is around 60,000 b/d (MEES, 16 October 2020). Condensate production was restricted by Opec+ commitments between January 2017 and January 2020, but is now exempt fr...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
BP’s Raven: Delayed Start Hikes Egypt Gas To New Highs
...en BP approved development back in March 2015 (MEES, 13 March 2015). The three phases of the project were supposed to provide a collective output boost of 1.5bn cfd. But decline at the first two phases – Phase-1, the Libra and Taurus fields, which came online at the end of Q1 2017 (MEES, 12 May 2017...
Volume: 64Issue: 17Published at Fri, 30 Apr 2021 -
Saudi Arabia’s Vision 2030: Five Years On
...ince in 2017. When Vision 2030 was launched five years ago it seemed highly unlikely that it would succeed in all of its highly ambitious goals. But to observers it was clear that Saudi Arabia’s economy needed to be shaken up and that setting out such ambitious targets was no bad thing, even if th...
Volume: 64Issue: 17Published at Fri, 30 Apr 2021 -
Israel's Leviathan Hits Q1 Output Record As Expansion Plans Move Up The Agenda
...the block area, containing, according to the best assessment, over 2bn barrels of oil and more prospects are under maturation process,” the firm adds. In 2017, Ratio took a 20% stake in Block 47 off Suriname from operator, UK-based firm Tullow, which retains a 50% stake in the acreage. Here, Tu...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
Saudi Liquids Burn Falls To Four-Year Lows In Early 2021
...ar at an average of 705,000 b/d (see chart 1 and p18 for full data). Not since 2017, the first full year of operation for the 2.5bn cfd Wasit gas processing plant, has oil burn opened the year at such levels (MEES, 24 March 2017). However, as Saudi Arabia has implemented its 1mn b/d voluntary ad...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
UAE Hydrocarbon Export Revenues Fell By 36% In 2020
...asure and was not that far below the recent low-point of $67.4bn in 2017. 1: THE UAE ECONOMY CONTRACTED FOR THE FIRST TIME IN 11 YEARS IN 2020 (REAL GDP GROWTH, %) ^PRELIMINARY CENTRAL BANK CALCULATION *CENTRAL BANK PROJECTION; SOURCE: UAE CENTRAL BANK, IMF, MEES. 2: UAE OIL & GA...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
Eni In Libya: What Does The Future Hold?
...bya’s share of Eni’s total net output has fallen to less than 10% for the first time since 2011 and is down from 21% as recently as 2017 (see chart 2). Even with such a steep fall in Libya’s share, the firm is looking to further decrease its exposure to the oft-troubled North African country “to better ba...
Volume: 64Issue: 15Published at Fri, 16 Apr 2021