- Sort by:
- Score
- Published ▼
-
Libya Power Expansion Going Nowhere, Blackouts Continue
...gineers were kidnapped last November (MEES, 24 November 2017). Three Turkish engineers (though apparently not their South African colleague) were released in late June, but work has yet to restart. Enka’s website gives the planned completion date as 1 August 2015. Sharply lower gas output resulting fr...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Oman: Oil Prices Bolster Economy, For Now
...om a nearly balanced budget in 2013 to consecutive deficits of $12.03bn, $13.76bn, and $9.76bn from 2015 to 2017. This saw Oman’s public debt balloon from $3.96bn at end-2014 to $28.96bn at end-2017. And while this equates to only about 40% of GDP (the equivalent of, say, Sweden or Australia), in...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Oman Hits Record Gas Output In July
...rst seven months of 2018 . 2018 is likely to break records for the sultanate’s gas sector, with total ‘production’ on track to hit 45.24bcm compared with 40.91bcm in 2017, a solid 10.5% increase. Oman does not give production figures because the National Centre for Statistics and Information in...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Qatar: $15bn For Turkey
...erican pastor Andrew Brunson. Ankara responded with tariffs of its own on cars, cigarettes and alcohol. Qatar’s pledge is scant on details: Qatar, which benefitted from Turkey’s support during the June-2017 economic blockade (MEES, 9 June 2017), already promised to invest up to $20bn into the Turkish ec...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Korea: Iran Vols Steady, For Now
...South Korea imported 185,000 b/d of crude and condensate from Iran in July, up slightly on May and June but down substantially on both the first four months of 2018 (285,000 b/d) and 2017 as a whole, when Korea was Iran’s #3 customer taking 361,000 b/d. Imports can be expected to fall to zero fo...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Caspian Five Sign Historic Deal
...erbaijan have the lion’s share. Iran’s Caspian reserves are relatively small, although very little exploration has taken place so far. Iran has also received cross-Caspian cargoes of Turkmen crude in a ‘swap’ deal which was revived last year (MEES, 13 October 2017). ...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Iraq: Majnoon Expansion Deal
...ntracts is proving to be a key alternative to Iraq’s cumbersome technical services contracts which continue to ward off IOCs (MEES, 22 September 2017). ...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Israel-Hamas Deal Enters Effect
...ich is characterized by the world’s highest unemployment rate (27.9% in 2017), daily power cuts (MEES, 30 March) and crippling goods shortages. But hostilities are never far from resumption. ...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
South Korea’s Key LNG Suppliers
...THE US IS GAINING MARKET SHARE, OVERTAKING OMAN FOR #3 SPOT FOR JAN-JULY 2018 (MN TONS)... ...THANKS TO PRICES ($/MN BTU) THAT IN RECENT MONTHS HAVE UNDERCUT THE COMPETITION BY $2/MN BTU *NO REGULAR VOLUMES BEFORE 2017. SOURCE: KOREA CUSTOMS, MEES. ...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Saudi Power Capacity Tops 90GW As Planning Shifts To ‘Clean’ Energy
...amco completed cogeneration plants at two oil processing plants and a gas processing plant in 2016, while the first 660MW unit at SEC’s Jeddah South plant was online in May 2016 and the plant fully operational by the end of 2017. Rawec, utilities supplier to the Petro Rabigh refining and petrochemicals co...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Lebanon Bid Round: Second Time A Charm?
...ES, 4 January 2013) and, having fallen prey to a lengthy political crisis, only closed in October 2017 (MEES, 20 October 2017). With two exploration and production agreements (EPAs) penned in February (MEES, 16 February), Lebanon’s hydrocarbon fever is now on the rise. A consortium consisting of To...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
US Scales Back Output Growth Projections
...vestment to other basins, they still expect Permian output to keep growing. LATEST* US OIL FORECASTS (MN B/D): 2018 & 2019 OUTPUT REVISED DOWN 2017 2018 vs 17 20...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
China Trade War Threat To Us Exports
...om the US, also makes it even less likely that China will cut imports from Iran in response to US threats. Ship monitoring data indicates that China took over 700,000 b/d from Iran in July versus average 2017 volumes of 620,000 b/d. ...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Genel To Expedite Bina Bawi Oil Development
...nistry of natural resources by end-2018. Genel’s financials are looking up this year. Despite net production down 5,000 b/d compared with 1H 2017, revenues jumped from $87.1mn to $161.1mn thanks to regularized payments from Erbil and higher oil prices. In presenting the firm’s first half results on 7 Au...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Israel: Record Gas Output
...ntract, but this includes 350mn cfd for supply to Egypt which has yet to be firmed up (MEES, 10 November 2017). Noble CEO David Stover tells the 3 August call that “we’re making excellent progress on commercial agreements to deliver our gas from Tamar and Leviathan into Egypt.” Mr Stover later makes cl...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Opec Output Edges Up Despite Saudi Cut
...yers shun Iranian crude in advance of US ‘secondary’ sanctions (see p11). Exports also slid despite bumper buying from India and China. South Korea, the erstwhile number-three importer of Iranian crude, halted imports altogether in July (MEES, 3 August). In 2017 South Korea imported 360,000 b/d from Ir...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Turkey Plans East Med Drilling: Politics Over Geology?
...will drill the first well… off the coast of Antalya… within Turkish economic waters,” he said 8 August. President Recep Tayyip Erdogan, meanwhile, on 3 August announced that Turkey will acquire a second drillship. Turkey only acquired its first drillship late 2017, paying $200mn for the ‘De...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Saudi Petchems Firms Report Best Profits Since Crude Price Collapse
...88bn) for the second quarter of 2018, with some of the boost attributable to strong oil prices. State-led giant Sabic disclosed a second quarter net profit of SR6.7bn ($1.79bn), up 81% on Q2 2017, while the combined quarterly profits of the other smaller firms topped $1bn for the first time (see ch...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Aramco Seeks Rapid $8bn
...integrated 3.5mn t/y petchems complex (MEES, 3 March 2017). DOUBLE REFINING CAPACITY Aramco plans to double its global net refining capacity from 5.4mn b/d now to 10-12mn b/d and to increase global petrochemicals capacity to 34mn t/y from the current 12mn t/y. This plan will li...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
US Slaps Back Iran Sanctions, With More To Come
...emselves more risk-averse. South Korea, Iran’s third largest buyer of crude and condensate in 2017 with 361,000 b/d, halted oil imports in July (MEES, 3 August), whilst Japanese imports fell to 130,000 b/d in Q2 from 190,000 b/d in Q1. Key EU buyers Italy and France have also been cutting volumes, th...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018