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Israel-Iran Conflict Exposes East Med Gas Interdependence
...e recent conflict provides Chevron with a plausible excuse not to dip into its deep pockets to fund a multi-billion-dollar project like a Cyprus LNG plant; any new Israel conflict would risk depriving the plant of its main feedstock. For Cyprus, Aphrodite, it’s first discovery made in 2011, is no...
Volume: 68Issue: 27Published at Fri, 04 Jul 2025 -
Cyprus’ Aphrodite Enters Make Or Break Period
...a unitization agreement between Cyprus and Israel: a small portion of the field crosses into Israeli waters, where it is called Ishai. Despite Aphrodite’s discovery in 2011 and the friendly nature of the two countries’ relations, no deal has been hashed out to-date, although efforts have ac...
Volume: 65Issue: 30Published at Fri, 29 Jul 2022 -
Egypt’s 1H 2022 LNG Exports: Europe Dominant
...Egypt exported 5.34mn tons of LNG for 1H 2022, up 57% on 1H 2021 for the highest first half figure since 2011. Perhaps not surprisingly given global LNG trade dynamics, with Europe sucking in more cargoes as it seeks to cut imports from Russia, the proportion of Egyptian cargoes he...
Volume: 65Issue: 27Published at Fri, 08 Jul 2022 -
BP Drilling Offshore Egypt
...REAGE Output at BP and Eni’s offshore Nile Delta fields peaked in 2011 and continues to slump: Ras El Bar output fell 20% to 107mn cfd for 2020 whilst El Temsah was down 23% at 136mn cfd (see chart and MEES, May 21). GAS OUTPUT FROM ENI & BP’s OFFSHORE NILE DELTA CONCESSIONS PEAKED IN 2011 AND FELL 29...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
Libya’s NOC Hopes For The Best, Plans For The Worst
...nching well below its weight. In the five years leading up to the 2011 ‘revolution’ the country’s output averaged 1.65mn b/d (see chart). Mr Sanalla, the National Oil Corporation (NOC) chairman, in a wide-ranging exclusive MEES interview in Vienna on 30 June (see transcript, p9) said “we have more th...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
Sudans Hope For Output Gains From Cooperation
...transit payments for the use of Sudan’s oil export infrastructure and overdue payments towards the $3.028bn agreed in compensation for Sudan’s loss of oil resources and infrastructure when the south became independent in July 2011. But Mr Gatkouth’s claim always appeared based on some overly op...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Kuwait Eyes Long-Delayed Jurassic Gas Expansion
...ES, 27 June 2011). The EPFs are at three of Kuwait’s northern Jurassic sour gas fields, development of which has stalled since 2010 when Shell signed an Enhanced Technical Service Agreement (ETSA). The contract was subject to considerable parliamentary scrutiny: the public prosecutor only dropped it...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
GCC States Double Down On Gas Development
...M) 2007 2008 2009 2010 2011 2012 2013 20...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Delayed Projects To Shave Cumulative 80bcm From Algeria’s Gas Output By 2020
...nouncement that a consortium of the state company with Thai and Chinese counterparts PTT (24.5%) and CNOOC (24.5%) had confirmed the potential of the Hassi Bir Rekaiz block in the southeast, on which exploration has been ongoing since 2011 (MEES, 17 February). Against the background of bid round fa...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Libya Oil Output Breaches 1mn B/D
...2017 were 454mn cfd, close to the 464mn cfd average exported in 2016, but down 34% compared to the 2015 average, and barely half of average annual exports between 2008-10 before Libya’s 2011 revolution (see charts). Within these headline figures, monthly volumes have fluctuated significantly. Th...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
ExxonMobil, Statoil & QP Make First Forays Into Cyprus’ Offshore
...ntains Cyprus’ sole gas-find to-date, the 5 tcf Aphrodite, which was discovered in late 2011 by US-firm Noble and Israeli partner Delek. UK firm BG (since taken over by Anglo-Dutch major Shell) purchased a 35% stake in the field from Noble in November of last year (MEES, 27 November 2015). Eni is bidding fo...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Iran Takes Major Step Towards New Contracts. But Will IOCs Bite?
...th Iranian crude. More significant however, is French supermajor Total’s signing of an MoU in March to produce a development plan of the 42bn barrel South Azadegan field (shared with Iraq, where it is known as Majnoon). Chinese state-firm CNPC was awarded the field under a buyback contract in 2011...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
QP Ousts Maersk At Key Qatari Oil Field Amid Sectoral Revamp
...e dominance of LNG revenues in comparison, oil is set to become a more important player in Qatar’s economic mix. But not through increased oil output, which has now stabilized after falling 130,000 b/d since 2011 (see p14), rather because LNG revenues look liable to fall further. Most analysts be...
Volume: 59Issue: 26Published at Fri, 01 Jul 2016 -
Kuwait, Saudi Spat Over Neutral Zone Heats Up
...olation of the bilateral agreement, he adds. He also says that work to cut emissions had begun in 2011 and was due to be completed in 2017. Mr ‘Umair says in the letter that the Kuwaiti side had suggested to the Saudis that production resume at Khafji at a reduced rate of 100,000 b/d, but that the Sa...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Iran Gets The Show On The Road For Contract Launch
...owth has been considerably slower than expected: Crude oil production in Iran is currently running at around 2.8mn b/d, down on 3.6mn b/d in 2011; while gas production growth has only really picked up over the past 12-15 months (MEES, 13 March). And with this roadshow, Iran is hoping to lure some of...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Algeria’s Upstream Challenges In Four Graphs
...emingly written earlier) 2014 report says “the engineering, acquisitions, construction and preparation to have [BMS] operating will be completed in the first half of 2015, and first production is expected around July.” Again, production appears to have not yet begun. Cepsa has since 2011 been owned by Abu Dh...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Korea Cuts Buying Of Gulf LNG Despite Price Collapse
...igh on hub and spot prices. SOUTH KOREAN LNG IMPORTS BY COUNTRY OF ORIGIN Volume (mn tons) 2008 2009 2010 2011 2012 2013 20...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Another Summer Of Discontent For Iraq’s Basra Amid Power Shortages
...s Company with 51% and Japan’s Mitsubishi with 5%. IRAQ GAS PRODUCTION (MN CFD) 2009 2010 2011 2012 2013 2014 Ja...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Libyan Oil Output Edges Up As Fighting Threatens Recovery
...rsa el-Hariga, according to traders. Political Compromise Possible? If the ports remain open, the exports routes can accommodate a revival of oil output. Libya produced 1.6mn b/d prior to the 2011 revolution, and only just fell short of these volumes in 2013 before strikes and blockades in...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Syria: Output At 17KB/D
...atistics, is down 11,000 b/d on output in the corresponding period last year. Syrian gas production has also shrunk by half to 16.36mn cmd (578mn cfd) in 1H14 from about 30mn cmd (1,059mn cfd) in March 2011, when the upheaval started. Mr ‘Abbas explained that the Syrian authorities had lost to the Ji...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014