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Qatar Hopes To Start First NFE Train In 3Q 2026
...cility’s imminent start-up. The project has been in the works for more than a decade, after Qatar decided in 2014 to convert its Golden Pass import terminal into an export terminal due to the surge in US gas production (MEES, 11 July 2014). Beyond adding 23% to QatarEnergy’s current LNG capacity, it wi...
Volume: 68Issue: 50Published at Fri, 12 Dec 2025 -
UAE’s Wait To Tap Into Expanded Capacity Goes On
...r its flagship Murban crude export grade. The last time that Murban averaged more than that was 2014’s $99.45/B, when production of 2.78mn b/d was 270,000 b/d less than last year’s figure. With Murban prices set to drop to around $83/B this year, a sharp fall in revenue is inevitable for 2023. ME...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Iran Plans Major Gas Storage Expansion To Face Winter Shortages
...orasan Razavi. The latter province borders Turkmenistan and Afghanistan (see map). Fully commissioned in 2014, the two facilities receive gas via pipeline from processing plants in summer, when demand is relatively low, injecting volumes into their reservoirs. Gas is then withdrawn in winter and sent vi...
Volume: 66Issue: 49Published at Fri, 08 Dec 2023 -
Libya Exploration Picks Up Steam As NOC Reiterates Ambitions
...13). Only two wells, of what had originally been planned as an 11-well campaign, were ultimately drilled. But though both saw “gas discoveries … in Devonian horizons,” the firm pulled out its staff and wrote off its entire to-date Libya exploration spend of $137mn as security deteriorated in early 2014...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Israel Upstream To Continue Growing In 2022 Despite Minister’s ‘Green’ Pledge
...lek consortium were the two bidders but the award is currently awaiting arbitration (MEES, 15 January). Energean argues that Chevron and Delek were excluded from bidding for blocks in Israel’s bid rounds following a 2014 antitrust ruling (MEES, 2 January 2015). KEY EAST MED OFFSHORE FIELDS & IN...
Volume: 64Issue: 51/52Published at Fri, 24 Dec 2021 -
KRG Repayment Obligations Offset Oil Revenue Gains
...l prices first crashed in late 2014 the KRG has sold billions of dollars of oil in prepayment deals to secure up-front cash. It has also accrued debts to IOCs in its oil sector by failing to pay on time, and it sold a 60% stake in its key crude oil export pipeline to Russia’s Rosneft and must now pa...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
Chevron Eying Egypt Collaborations, Exxon Expands In Cyprus
...rth Africa. Woodside previously had Libya and Mauritania assets, and back in 2014 was in talks to take a 25% stake in Israel’s Leviathan (MEES, 23 May 2014). Egypt last year listed Woodside as being among international firms to have expressed an interest in West Med acreage (MEES, 17 January 2020), so it...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Sudan Looks To Reverse Upstream Decline With 2021 Bidding
...Sudan’s crude output is running at 64,000 b/d, down 44% on 2014 levels and some 86% below the 457,000 b/d produced before South Sudan seceded in July 2011, taking with it 75% of Sudan’s production. Acting Energy Minister Kheiri Abdelrahman says Sudan hopes to add 20,000 b/d next year. But he...
Volume: 63Issue: 51Published at Fri, 18 Dec 2020 -
Jordan Adds Gas Output
...s flatlined since BP walked away in 2014 (MEES, 24 January 2014), with the two recent wells adding a much needed boost in production. Gas from the field is burned at the nearby 58MW Risha powerplant, which supplies power to far-eastern Jordan. The power plant only needs negligible volumes to op...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
Russia’s Tatneft Back In Libya For Seismic
...ab Geophysical Exploration Services Company (AGESCO) to complete 200 km² of seismic in Area 82’s Block 4 which was suspended in 2014. Tatneft was awarded eight exploration blocks (Areas 69, 82 & 98) in Libya in 2005 and 2007 (MEES, 28 July 2017, see map, p2). It struck oil several times, but was fo...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Leviathan: The Giant Stirs
...sult of the firm massively scaling back its plans. LEVIATHAN GAS SALES DEALS *IMPLIED AVERAGE VOLUMES. **PARTNERS' ESTIMATE BASED ON QUANTITIES CONSUMED ^MEES ESTIMATES SCALED-BACK AMBITIONS The original Phase-1 development plan filed in October 2014 was already modest in sc...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Qatar Petroleum Eyes Big Results Overseas In 2019
...recognisable over the next 10 years (MEES, 8 December 2017). Its first overseas forays began with the formation of Qatar Petroleum International (QPI) in 2005 (MEES, 6 February 2006). But overseas expansion under QPI long-time CEO Nasir al-Jaidah was modest: after Mr Kaabi’s appointment in 2014, QPI was sw...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Kuwait Oil: Change At the Top As 2020 Target Dropped
...rgan was pumping at 1.7mn b/d. BP was brought in to help maintain production capacity at 1.7mn b/d with a technical service agreement (TSA) in 2014, which was subsequently upgraded to an enhanced technical service agreement (ETSA) in 2016 (MEES, 15 July 2016). Kuwait saw ETSAs as the best model fo...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
KRG Prioritizes Investor Confidence Over Stability: Will It Lose Both?
...anslate into lower pay. And salary payments are already well behind schedule. Cuts to Peshmerga salaries would further threaten political stability. The Kurdish military force has been fighting the Islamic State since 2014, though its reputation took a severe knock from October’s loss of Kirkuk (MEES, 20...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Libya: Oil Output Doubles In 2017 But Peace Dividend In The Balance
...ability rests largely on whether the new UN plan can be more successful than its predecessor, and the nature of the outcomes that it delivers. In the context of the intensified conflict that developed in Libya with the administrative division of the country in 2014, there have been some notable su...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Algeria To Retain Gas Focus In 2018 As New Fields Start Up
...ternational investment, but suggestions that this would take place in 2017 have come to nothing (MEES, 20 October). Another upstream licensing round has also been on the agenda since late 2014, but this is unlikely to come to fruition before legislative changes are made. BUILDING BRIDGES In the me...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Morocco: Eni Expansion
...lls in 2014. Eni’s new acreage includes all of Portuguese part-state Galp’s former Tarfaya Offshore block, relinquished in 2016, and most of UK firm Cairn’s Juby Maritime block (late 2015). Galp drilled one dry well, TAO-1, in mid-2014 to a depth of 3,518ms. This targeted the Trident oil prospect in...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
New Kuwaiti Oil Minister Faces Critical Year; Will He Last Longer?
...ES, 4 August), requiring a further 422,000 b/d. KPI signed an MoU with Indonesia for a 160,000 b/d refinery in 2010, and with China’s Sinopec for a 300,000 b/d project in 2014 (MEES, 13 June 2014), but both projects have stalled. KPI has spoken of potential projects in India and Philippines. KUWAIT GA...
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Qatar Petroleum Targets Transformation, Embargo Or No Embargo
...rth Dome gas field (MEES, 7 April) – Mr Kaabi’s moniker was earned for his role in the moratorium on development of the field enacted in 2005 (MEES, 19 September 2014). He then in July, less than a month into the embargo, unveiled a plan to double the size of the planned expansion, boosting Qa...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Qatar Revives Plan For New Petchems Capacity
...The revelation by QP chief executive Saad Sherida al-Kaabi of plans for a new “world scale” petrochemicals project in Qatar (see p14) represents an about-turn after the company ditched plans for a major polyolefins project in 3Q 2014 and a large ethylene glycol project in early 2015. Mr Ka...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017