- Sort by:
- Score
- Published ▼
-
China’s CNOOC Enters Key Abu Dhabi Concessions
...tablishment of the Al-Yasat JV (Adnoc 60%, CNPC 40%) to explore for oil (MEES, 2 May 2014). Production from Al-Yasat’s Bu Haseer field began in March 2018 (MEES, 27 April 2018). China’s presence in Abu Dhabi then picked up considerably in 2017 when CNPC and Chinese private-sector firm CEFC bought 8% an...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
UAE Emerges As Libya’s Top Condensate Customer
...t, whilst Abu Dhabi sees Libya through a geopolitical prism, for Dubai it’s just business. And at least for now, Abu Dhabi appears to be displaying a level of toleration not afforded to the two previous key suppliers of condensate to Dubai’s Enoc: Qatar until the 2017 blockade (MEES, 9 June 2017), an...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Delek’s Leviathan Endgame: Chevron Entry, Debt Mountain Make Sale All But Inevitable
...cember 2017), may well be interested. Indeed, if Chevron comes to be seen as having escaped lightly in geopolitically terms from its decision to enter Israel, this may well lead other majors and large IOCs to see the country in a different light. For Total and Eni, with Lebanon exploration and a he...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Oil Services Firms: Mideast The Relative Bright Spot Amid North America Carnage
...05, 32.8%) for the first time. And whilst Baker Hughes has since 2017 not split oilfield services revenue by region (aside from ‘North America’ and ‘International’), the Middle East with Asia has almost certainly overtaken North America’s share here too given that the International share rose to a re...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Oman Refining Output Collapses To Three-Year Low In Q2
...port revenues for the financially challenged sultanate. Oil products exports brought in $2.71bn and $2.41bn in 2018 and 2019 respectively (a not insignificant 10% of total oil and gas export revenues), up from just $1bn in 2017 (MEES, 27 March). But, like many other facets of the oil industry, the co...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Solar Prices Fall To New Record Low With Abu Dhabi Award
...ES, 13 January 2017). Despite the growing momentum, a long path lies ahead. MEES calculates that by end-2022 renewables will account for around 12% of the UAE’s powergen capacity. EXPERIENCED PARTNERS All four members of the consortium have a track-record of operating within the UAE’s de...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Saudi Budget Deficit Balloons In Q2 As Revenues Crash
...gan releasing quarterly data in 2017 (see chart 2). The previous low in the series was 3Q 2017’s $37.89bn. The biggest fall was for oil revenues, which fell 45% from $46.6bn in Q2 last year to $25.5bn in the same quarter this year. Despite the steep fall, the share of oil in the overall revenues ro...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Iran’s Petropars Wins $1.3bn South Azadegan Contract
...ofile firms were interested in developing South Azadegan (MEES, 29 January 2016). The likes of Total, Shell, Petronas, Inpex and Rosneft (MEES, 8 September 2017) were all linked to the field until the re-imposition of US sanctions nixed Iran’s plans. LOCAL FIRMS STEPPING UP With IOCs unwilling to...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Algeria Gas Fields Slump
...mpression project doubled output to a record 815mn cfd in 2017. Q2 output was just 493mn cfd (see chart 2). But natural decline doesn’t explain In Salah’s precipitous Q2 slump. Faced with a huge decrease in export demand for its gas (MEES, 26 June), Algeria has been cutting production across a number of ke...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iraqi PM Courts Iran & Saudi Arabia
...udi Arabia’s influential Crown Prince Mohammad bin Salman has adopted a more nuanced approach to Iraq however, and has extended an olive branch to Baghdad in a bid to counter Iran’s influence (MEES, 1 September 2017). With Saudi Arabia far better placed than Iran to finance large-scale projects, th...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Kuwait’s Ailing Emir
...gional level, Emir Sabah’s rule has been characterized by his active role as a mediator in local disputes. Perhaps the most pertinent recent example is his – so far unsuccessful – efforts to broker an agreement between Qatar and Saudi Arabia, UAE and Bahrain since the start of the June 2017 embargo (ME...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iran Hikes Capacity At Persian Gulf Star Condensate Splitters
...0,000 b/d and increase gasoline output capacity to 309,000 b/d. With US sanctions choking crude oil exports, gasoline exports represent a critical revenue generator for Tehran. Iranian oil and gas earnings dropped to $8.9bn for the 2019-20 Iranian year (to March 2020), less than a third of 2017-18’s $27...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iran Plans Northern Propylene Plant
...at delivers ethylene from crackers near Assaluyeh to a number of polyethylene plants in underdeveloped areas of western Iran (MEES, 21 April 2017). Mr Mohammadi says Iran’s propylene capacity is currently 900,000 t/y and “we are trying to increase this to 3mn t/y.” He told the petroleum mi...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Adnoc Investment Boost For Petchems-Fuelled Ruwais Plans
...fining and petrochemicals complex” (MEES, 18 May 2018). Under the 2030 strategy, Adnoc will boost refining capacity by 60% to 1.44mn b/d and more than triple petchems capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). The derivatives park is intended to be “a key enabler of Adnoc Downstream’s 20...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Saudi Solar: Key 2GW Plant Faces Covid-19 Delays
...VELOPMENT Saudi Arabia’s ambitious plans for 27.3GW of renewable energy capacity by 2024 and 58.7GW by 2030 rest on a two-track system of development. The first track is overseen by the Ministry of Energy’s Renewable Energy Project Development Office (Repdo), which was established in 2017 (MEES, 10 Fe...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Egypt’s Midor Refinery: Force Majeure Sets Back Expansion
...5,000 b/d in early 2017 with the addition of a pre-flash tower. These gains appear to be included in the 60,000 b/d increase to primary distillation capacity claimed for the ongoing work given that Midor equates the 60,000 b/d increase to a 60% hike, whilst key contractor Technip gives 100,000 b/d and 16...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Thailand LNG Imports: Qatar Threatened By Malaysia, USA
...-year. But Qatar has rapidly been losing market share. From 60% in 2017, Qatar’s share fell to 46% in 2018, 38% in 2019 and 31% in 1H 2020. And it was just 23.4% for Q2, the second lowest quarterly figure since 2013. *Also for only the second time in seven years, Qatar lost top supplier sp...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iran: Local Firm To Develop Yaran Field Iran: Local Firm To Develop Yaran Field On Iraq Border On Iraq Border
...ES, 15 July 2016), but subsequent sanctions from the Trump Administration warded off foreign interest and forced the cancellation of already penned agreements – most notably Total’s (and CNPC’s) $4.8bn South Pars phase-11 deal (MEES, 7 July 2017). IRANIAN EFFORT For years, Yaran has be...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Israel’s Delek Drilling Eyes $2.5bn Leviathan RBL Facility
...ble and Delek have struggled to overcome geopolitical headwinds to fulfill the field’s full potential. It took seven years from 2010 discovery before FID was finally taken in 2017. And this was for a greatly scaled back 12bcm/y (1.2bn cfd) development, little more than a third of planned 3.2bn cfd ou...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Aramco Shakes Up Downstream Operations
...cal industry and the grid (MEES, 3 July). Aramco has announced a plan to seek a license to sell electricity directly (MEES, 20 October 2017). ...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020