- Sort by:
- Score
- Published ▼
-
Iraq Out Of Pocket As It Boosts Oil Payments To IOCs
...d a larger stake for BP and its partner, Chinese state firm CNPC. The Iraqi oil ministry has admitted to difficulties in paying the companies, which it says are still owed $9bn in arrears for 2014. It has to raise an additional $18bn this year to pay the IOCs at a time when its own revenues are fa...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
UAE: South Koreans Hope To Expand Presence Through Adco
...e so-called legacy partners. Total, BP, Shell and ExxonMobil each held a 9.5% stake in the former Adco concession, which expired at the start of 2014. Adnoc decided to open the playing field to a wider selection of potential players in an effort to bring in more of its main crude oil buyers, pa...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
BP: Khazzan Unaffected By Oil Price Slump
...cade (bar 2014, when output fell 1% versus 2013), Oman continues to face a gas shortage as demand growth, driven by the country’s numerous gas-hungry enhanced oil recovery projects, continues to outstrip supply, also having implications for LNG exports (see p10 and MEES, 17 April). PHASE 1: EN...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Italy’s Enel May Exit Algeria’s Upstream
...€2bn and already in execution, and another €2bn worth of assets already identified. The remaining €1bn will consist of extra assets that will be pinned down in the next years. Enel is a key Italian importer of Algerian gas. However volumes have slumped from 25 bcm for 2010 to a mere 6.7 bcm for 2014...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Kuwait Finds New Oil At Home As It Goes Shopping In Tunisia
...ture upstream assets, successful exploration acreage as well as mid- and downstream assets. ENI TUNISIA OUTPUT 2009 2010 2011 2012 2013 2014...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Egypt Cancels Summer In Bid To Avoid Power Cuts
...ate gas firm EGAS for five years under a deal signed in November last year (MEES, 7 November 2014). Egypt plans to install a second FSRU at Ain Sukhna from July, but as yet no announcement has been made regarding the supplier. The ministry has since December finalized deals to import 76 LNG ca...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
EGYPT OFFICIAL JAN-FEB 2015 CRUDE & OIL PRODUCTS OUTPUT & DEMAND (‘000 B/D)
...EGYPT OFFICIAL JAN-FEB 2015 CRUDE & OIL PRODUCTS OUTPUT & DEMAND (‘000 B/D) Feb-15 Jan-15 Dec-14 J-F-15 vsJ-F-14 vs2014 2014...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Oman’s LNG Strategy Hinges On New Supplies, Production
...OMAN Oman’s LNG Strategy Hinges On New Supplies, Production Oman has a tough future as an LNG exporter. Lower prices and growing domestic demand mean volumes and revenues both fell for 2014, and are set to fall further. Oman’s LNG exports were lower than expected in 2014 amid gr...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Aramco Awards Final Big Jazan Contract; Yasref Ramp-Up Boosts Light Products
...torp refinery at Jubail in 2013, while Aramco and China’s Sinopec completed Yasref at Yanbu’ in 2014 and are currently ramping up crude throughput (MEES, 10 April). Diesel output set a new monthly record of 785,000 b/d in February, taking the average for diesel produced in January and February to 78...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
SAUDI ARABIA OFFICIAL CRUDE & OIL PRODUCTS OUTPUT, TRADE & BALANCE (‘000 B/D)
...2014 vs4Q14 2014 2013 2012 4Q14 3Q14 Crude Production 9,636 9,680 9,630 9,...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
OPEC Takes Revenue Hits But Stays Course On Output
...iefing in Washington DC. Prices averaged $100-110/B between January 2011 and August 2014 but have averaged around $55/B for Brent since the start of 2015. “The $380bn is almost a little short of a fifth of the size of their economies, a substantial amount for those countries. And similarly, for their bu...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Firms Face Up To Mounting Libya Write-Offs
...om which they see no imminent return from production. Production in Libya by France’s Total dropped to an average of 27,000 boe/d in 2014, its lowest level since 2011, according to figures published in the company’s 2014 yearbook, on 15 April. Production dropped from 50,000 boe/d in 2013, having pe...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Middle East NOCs To The Rescue As Capex Cuts Hit Services Firms
...REGIONAL Middle East NOCs To The Rescue As Capex Cuts Hit Services Firms Oil services firms enjoyed record revenue in the second half of 2014 – a last hurrah after four years of $100/B-plus oil. But the collapse in prices late in the year has led to a revenue slump. Drilling activity in...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Saudi Petchems Earnings Fall Further As Oil Price Blight Continues
...clical” market. Petrochemicals companies listed on the Saudi stock exchange report combined earnings of SR4.37bn ($1.17bn) in the first quarter of 2015, down by 53.1% on the same period last year and 31.4% lower than for the fourth quarter of 2014. While dwindling earnings reflect continued damage fr...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Saudi Bourse To Open To Foreign Investors in June
...ades stocks in 168 Saudi companies, for which the value of shares traded in 2014 amounted to SR2.15 trillion ($573bn). CMA President Muhammad al-Jad’an said on 22 April that this opening to foreign investors will make the Saudi stock exchange part of the wider global market and noted that Saudi Ar...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
The Image Of GCC Oil Policy In The Western Media
...imi was named by the Financial Times as the energy personality for 2014 ‘for the fact that he has done nothing,’7 which itself is a policy decision. GEOPOLITICS AND OIL POLICY There is also an inclination by some of the western media to frame Saudi oil policy within a geopolitical framework. Un...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Suez Canal Revenue And Volumes 1q15 (‘000 Tons)
...14 2Q14 1Q14 2014 2013 Oil Total 8,453 4,616 7,803 20,872 -1,237 -5....
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Chinese Q1 2015 Crude Imports (‘000 B/D)
...14 2014 2013 MIDDLE EAST 3,313 3,502 3,767 3,486 +187 +6 +398 +13...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Us Petroleum Imports, Exports, Demand (‘000 B/D)
...1Q14 4Q14 3Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,396 7,242 7,...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 23-Apr 13-17 Apr 6-10 Apr Mar-15 Feb-15 Q1 2015 Q4 2014 2014...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015