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Iraq Bid Round Flatters To Deceive
...bstantially larger with 2017 gross output of around 80,000 boe/d, of which 80-90% was gas. UEG’s production is all in Pakistan, after acquiring BP Pakistan’s assets for $775mn in 2011. Output has increased under UEG, from around 35,000 boe/d under BP (10,000 b/d oil, 200mn cfd gas). ...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Waha: Total Says Done & Dusted, Libya Thinks Otherwise
...s US partners. Whilst Conoco and Hess (and hitherto Marathon) have since 2011 habitually excluded Libya from their output guidance, Total’s Mr Pouyanné says his firm has no intention of doing likewise. Libya, at 80,000 b/d net, now represents 5% of the company’s total liquids output. “Yes, it’s ta...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Lebanon's Gas Hype: Is It All Hot Air?
...mmercial discovery is a fait accompli. But Lebanon needn’t look far for examples of the tricky realities of East Med development: after discovering the 5tcf Aphrodite field in 2011, many of the island’s “experts” and officials boasted as if Cyprus were the new Qatar (MEES, 10 April 2015). Israel’s 22tcf Le...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Sabic Seeks Big Projects As Reorganization Continues
...s second best year in output terms, a recovery in net income to $4.9bn – aided by the linking of petchems prices to crude oil – was still less than two-thirds of its record $7.8bn in 2011 (see charts). The bulk of the drop in output for 2017 was accounted for by the company’s ‘metals’ division, wi...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
The USA’s Growing Role In Global LNG Trade - MEES Crunches The Numbers
...BRUARY (1.44MN T, 21 TANKERS) AND MARCH (1.00MN T) THE TWO BIGGEST MONTHS ON RECORD... ...BUT, NORTHBOUND (AND OVERALL) LNG VOLUMES ARE WELL DOWN FROM 2011’S RECORD HIGHS AS SALES OF QATARI LNG TO ATLANTIC BASIN BUYERS HAVE SLUMPED (MN T) SOURCE: SUEZ CANAL AUTHORITY, MEES. TH...
Volume: 61Issue: 16Published at Fri, 20 Apr 2018 -
OMV Restarts Yemen Output
...15. Multiple firms with Shabwa basin operations say the region is safe from combat with upstream infrastructure intact. But pipeline attacks remain a perennial threat and employee safety a constant concern. Yemen produced 300,000 b/d before political stability nosedived in 2011. The 2010 co...
Volume: 61Issue: 16Published at Fri, 20 Apr 2018 -
Eni Plans For Libya Output Drop
...2011, falling to about 260,000 b/d in 2017. Or maybe he is talking about crude only, where again the decline has already taken place: gross capacity from Eni-operated fields fell from about 305,000 b/d in 2010 to 210,000 b/d in 2017. “For 8 years, we had very good [output], but we didn’t in...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
UAE’s Nuclear Power Mirage Slips Further Away
...ys Barakah-4 construction is around two-thirds complete, with the next phase being the transition from construction to testing. SECOND IN LINE The Barakah plant will eventually become the Mena region’s second operational nuclear power plant, following the start-up of Iran’s Bushehr-1 plant in 2011...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Lebanon: Can Donor Conference Success Right The Ship?
...esent problem since. Since 2011, the war in neighboring Syria has crippled economic growth (see chart), stunting the 9.2% average annual growth from 2007-2010 to a paltry 1.7% from 2011-2017 (see chart 2). With a bloated public sector, subsidized (yet inadequate) utilities and corruption a problem ev...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018