- Sort by:
- Score
- Published ▼
-
Key Gulf Futures Exchange Eyes China
...mains based in Dubai’s DIFC, the MoU was signed at STG’s headquarters in Riyadh and in the presence of STG CEO Khalid Abdullah al-Hussan. The two exchanges have a long history of partnership, with the GME having been tapped in 2014 by SHFE’s subsidiary, Shanghai International Energy Exchange (INE), to...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
Australia’s Woodside Finally Enters East Med, Teaming Up With Chevron On Egypt Blocks
...mmissioned for a world beating 4.6mn t/y facility (MEES, 24 February). As for whether Woodside may look to expand its Chevron collaboration to other regional assets, intriguingly the Australian firm back in 2014 came close to paying $2.5bn for a 25% stake in Leviathan before the deal was kyboshed due to re...
Volume: 66Issue: 17Published at Fri, 28 Apr 2023 -
QatarEnergy’s Overseas Strategy Enters Pivotal Phase
...d MEES calculates that QatarEnergy’s net output last year was 13,235 boe/d (primarily oil). QatarEnergy also nets around 9,000 boe/d from the Shell-operated Parque das Conchas license in Brazil. It has been present at the development since 2014. There are also modest volumes of approximately 2,...
Volume: 66Issue: 16Published at Fri, 21 Apr 2023 -
Prospects For A Prolonged Ceasefire Rekindle Yemen Oil Sector Hopes
...ghters in their areas of control. Despite seizing vast swathes of territory since 2014, including the key Ras Isa oil export terminal, the Houthis have failed to gain control of Yemen’s oil-producing regions (see map). Instead, oil export revenues are being accrued by the Saudi-backed Yemeni government in...
Volume: 66Issue: 15Published at Fri, 14 Apr 2023 -
QatarEnergy In Mauritania As Namibia Excitement Builds
...jor subsequently relinquished in 2014. MAURITANIA: SHELL IS NOW THE KEY EXPLORATION PLAYER ALONGSIDE BP’S PSCs...
Volume: 66Issue: 14Published at Fri, 07 Apr 2023 -
Qatar Petroleum Moves To Take Full Ownership Of LNG Facilities
...ctor in recent years, especially following Mr Kaabi’s appointment as Managing Director and CEO in 2014 (MEES, 19 September 2014). The state firm has taken a firm stance with IOCs, opting to either tighten contractual terms or take over concessions entirely upon expiry. When Total’s PSA for the 25...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Long Delayed Barzan Gas Project Starts Up
...ExxonMobil confirmed in its recently released 2020 Annual Report that “The Barzan project started up in 2020.” Qatar's $10.3bn, 1.4bn cfd Barzan project (QP 93%, Exxon 7%) development has been a lengthy saga, with start-up ultimately coming six years after its initially planned 2014 date (ME...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Services Firms Eye Mena Resilience Amid US Shale Collapse: Is This Realistic?
...venue resilience? They are evidently hoping for a repeat of the previous 2015-16 capex downturn (after oil prices collapsed in late 2014) when Mideast NOCs kept spending counter-cyclically whilst IOCs, in particular those focused on US shale, slashed their outlay (MEES, 29 April 2016). Indeed, lower co...
Volume: 63Issue: 17Published at Fri, 24 Apr 2020 -
Israel Orders Noble & Delek To Play Fair
...osshairs. In 2014 Noble and Delek were ruled to be operating as a cartel in Israel. An eventual compromise deal saw them forced to sell Karish and Tanin to Energean (MEES, 19 August 2018), whilst Delek must quit Tamar by the end of next year. It has a direct 22% and also a 23% stake in Tamar Petroleum, a sp...
Volume: 63Issue: 17Published at Fri, 24 Apr 2020 -
Low-Cost Middle East Reserves Aid IOCs In Price Slump
...wn since the previous oil price slump began in 2014. Production costs for all six peaked in 2014, with the exception of BP, where the peak was slightly earlier in 2013. BP and Total have had the most success in bringing down per barrel costs, which last year were nearly 50% lower than their peak. Ch...
Volume: 63Issue: 16Published at Fri, 17 Apr 2020 -
Firms In The KRG: How Low Can They Go?
...cluding Total, Exxon and Chevron, as well as Rosneft and Gazprom – work in Iraqi Kurdistan, the biggest producers (Kurdish firm Kar aside) are a collection of small-to-medium sized foreign independents whose fates are largely tied to revenues derived from Kurdish oil. And for that reason, the 2014-17 in...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Abu Dhabi’s Taqa: Upstream Down Despite Price Recovery, Power Steady
...17bn). The collapse of oil prices in 2014 forced Taqa into a ‘transformation program’ in which it slashed capital expenditure and targeted debt reduction (MEES, 17 November 2017). The transformation appears to be working as far as monies owed is concerned, with net debts reduced from AD72.98bn ($19...
Volume: 62Issue: 17Published at Fri, 26 Apr 2019 -
UAE’s Mubadala Sells Cepsa Stake To Investor Carlyle
...TER 2014 BOOST FROM SE ASIA ENTRY *WORKING INTEREST BASIS. SOURCE: CEPSA, PARTNER COMPANIES, MEES ESTIMATES AND CALCULATIONS. 3: CEPSA: REFINED PRODUCTS & PETCHEMS SALES HIT RECORD 31.4MN TONS IN 2018, CRUDE RUNS AT HIGHEST SINCE 2012 SOURCE: CEPSA, MEES CA...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Services Firms: Margins Remain Squeezed Despite Higher Oil Prices
...Global oil services giants saw revenues slump in Q1, reversing some of last year’s rebound from their annus horribilis of 2016. The bumper years to 2014 remain ancient history: economy mode is the new normal. Earnings from the Middle East, a key source of 2015-16 resilience, are down whilst US...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Global Drilling Returns To 3-Year High In 2018, Mideast Activity Strong
...llapsing in 2014 in the aftermath of the civil war, and even Egypt, which boasted the largest gas discovery in the offshore Mediterranean, the 24tcf Zohr, has seen drilling collapse. Egypt’s rig count averaged 23 in Q1 this year, the lowest since 2002, although Cairo is preparing to launch a bid round be...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Total And Sonatrach Bury Hatchet As Algiers Pushes Partnerships Agenda
...natrach… it’s business,” Mr Pouyanné said last year. Sonatrach retaliated by launching a counter-claim at the same court that Total had not honored its contractual commitments regarding the 4 bcm/y (390mn cfd) Ahnet tight gas concession, also in Algeria’s Saharan southwest, from which it pulled out in 2014...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
BP Poised For Strong Year In Mena
...15 2015 2014 Oil (‘000 B/D) Abu Dhabi 101 5 96 97...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Egypt Receivables: A Glass Half Full Or Half Empty?
...2015 2014 2013 2012 3Q16 Company k b/d mn cf...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Services Firms: Get Mideast Tonic As Revenue Whacked
...all three firms continues to rise. Revenues for the three largest quoted services firms took another pounding in the first quarter of 2016. Schlumberger, Halliburton and Baker Hughes’ revenues were just $6.52bn, $4.20bn and $2.67bn respectively; a mere 52%, 48% and 40% respectively of peak Q4 2014...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016 -
Eni: Unlikely Libya Boost Returns North Africa To Center Stage
...0,000 b/d in 2014. This, and concerns over payments, led partner Occidental (23.44%) to announce its intention to sell its stake in November 2015. Eni’s 19,000 b/d output gain in Iraq in 2015 was outpaced by a 21,000 b/d boost in Iran where the company receives oil in lieu of payment for pre-2011 in...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016