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Cyprus Rejects Chevron’s Modified Aphrodite Development Plan
...ither the 2019 FDP nor a previous iteration dating back to 2015 led to development of the field which was discovered back in 2011. Speaking exclusively to MEES, Mr Papanastasiou provided insight regarding the government’s decision to reject the modifications filed by Chevron in late May. “We had an...
Volume: 66Issue: 34Published at Fri, 25 Aug 2023 -
Eni In Libya: Bumper Oil Output As Exports Head Far & Wide, But Gas At 10-Year Lows
...PORTS TO ITALY HAVE BEEN RUNNING AT THEIR LOWEST CONSISTENT LEVELS SINCE THE REVOLUTIONARY YEAR OF 2011 (MN CFD) *TO 19 AUGUST. SOURCE: SNAM, ENI, MEES. GAS HIT BY POWER OUTAGE Mellitah’s offshore Bahr Essalam gas fields have produced almost continuously through the last 10...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
Libya: Companies Crave Elusive Stability
...0,000 b/d on a gross basis. Capacity was considered to be 340,000 b/d prior to Libya’s 2011 revolution (see chart). “A ramp up in production in Libya,” as well as the end-2017 start-up of the Reggane North gas project in Algeria (MEES, 22 December) were the key reasons that Repsol was able to post a 45...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Dana Gas: Profits Up, Litigation Up, Zora Write-Down Looms
...arl Consortium’s (Dana 35%) Khor Mor concession fell to just 295mn cfd in Q2, the lowest level since 2011 (see charts). With “a planned shutdown for maintenance work due to take place in the second half of 2017,” output can be expected to dip further. In some good news, Dana saw its trade re...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017 -
Iran Oil Contracts Move One Step Nearer
...int Comprehensive Plan of Action (JCPOA). Absent the IPC, Iran has made significant strides since sanctions were lifted in January. Crude production has increased 660,000 b/d to 3.55mn b/d (see p9), putting it within 40,000 b/d of the 2011 average, the last full year before the EU imposed an em...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Indonesia’s Medco Returns To Tunisia As N American Firms Pull Back From MENA
...7.7mn sold Medco its Storm Ventures International subsidiary that holds the rights to the blocks. The deal once again gives Medco a foothold in Tunisia after it had relinquished its blocks in the country in 2011. Unlike other North African countries such as Libya and Algeria, Tunisia is not a major oi...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
Oman Oil Names Former Oxy Executive As New CEO
...$8mn from a senior official at Korea’s LG International some years ago, after the Korean firm won a total of $2bn-plus in contracts related to key downstream projects. The case came to light two years after the Omani leader Sultan Qaboos launched an anti-graft campaign in 2011, aimed at de...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
MEES Profile: Qatar’s Overseas Investment Strategy
...vestment In parallel with, but apart from, QP’s overseas purchases, QIA had been buying energy assets, starting in 2011 – with stakes in European utility firms Energias de Portugal and Spanish electricity supplier Iberdrola. In 2012, it bought 3% stakes in Total and Shell and remains in talks to boost its Sh...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
DNO Gets Q2 Tawke Tonic
...nnows such as the UAE’s New Age, to large independents like Marathon, Hess and Maersk to majors of the ilk of ExxonMobil, Chevron and Total. Despite the Q2 uptick, KRG and Baghdad’s oil dispute continues to keep production shut in at Tawke and other KRG oil investors. Not since early 2011, and th...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
SEC Head Resigns, Replacement To Come From Aramco
...ES, 9 August). He told a conference in 2011 that Aramco was looking to achieve generating efficiency as high as 75% (MEES, 23 May 2011), which compares with 61% for the most efficient CCGT technology today....
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
UAE Firms Dana Gas, Dragon Oil and TAQA Face 1H13 Woes
...oducing areas of Egypt and the Kurdistan Regional Government (KRG) area of northern Iraq. Dana: Production Up, But Receivables Up More Dana production has edged up in both Egypt and the KRG since a post-Revolution payments crunch saw Egyptian output slide in the second half of 2011 and first ha...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Germany’s RWE Faces Challenging Sale Of North African Assets
...rprisingly Libya’s 2011 civil war set back RWE’s plans: RWE had been exploring the two blocks since 2003 (spending $500m in the process) and development plans were already drawn up pre-revolution. The country’s continued instability will no doubt deter at least some potential purchasers. Exploration in Libya ha...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013