- Sort by:
- Score
- Published ▼
-
Eni Looks To Neptune For Algeria Boost; Can It Get Past Mercury?
...ance that average 2024 Touat output will fall well short of the 400mn cfd target plateau figure. Neptune’s core assets were acquired in the $3.9bn purchase of the upstream assets of Engie (formerly Gaz de France, GdF) in 2017 (MEES, 19 May 2017). As part of the deal Engie retained 30% of Touat (ve...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Qatar Brings Major Players Into LNG Expansion
...pansion in 2017 (MEES, 7 July 2017). QatarEnergy has been able to leverage the huge interest in its LNG expansion project into progressing its overseas ambitions. TotalEnergies and ExxonMobil have received stakes equivalent to 6.25% (2mn t/y) as befits their status as the largest LNG players of the qu...
Volume: 65Issue: 25Published at Fri, 24 Jun 2022 -
TotalEnergies First Again With Qatar LNG Expansion Deal
...e first firm to re-enter Iran, alongside China’s CNPC, during the country’s brief post-JCPOA re-opening. The pair signed a $4.8bn deal to develop Phase 11 of the South Pars gas field in 2017 (MEES, 7 July 2017), before exiting in 2018 after the US re-imposed sanctions on Iran (MEES, 24 August 20...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
QP, TotalEnergies Team Up Offshore Suriname
...out at the same level as ExxonMobil, Shell, ConocoPhillips, Total” (MEES, 8 December 2017). He subsequently added that “we want to be with the main players, we don’t see ourselves as a national oil company per se anymore, we look at ourselves as like any other IOC. We always say we want to be one of...
Volume: 64Issue: 25Published at Fri, 25 Jun 2021 -
Lukoil Taps Yamama At West Qurna-2
...iticized Baghdad’s “delayed decision making,” and the firm has been frustrated by the slow pace of progression towards developing its 2017 2.5bn barrel-plus Eridu discovery located in Block 10 (60% op, 40% Inpex: MEES, 3 March 2017). The find was dubbed Iraq’s “largest in decades” and Iraqi officials say th...
Volume: 64Issue: 22Published at Fri, 04 Jun 2021 -
Key Saudi Gas Plant Fully Operational
...duces the impact of Opec production cuts on gas output. Overall, Saudi Aramco has brought more than 5bn cfd of non-associated gas processing capacity online since 2016. As well as the 2.5bn cfd Fadhili plant, the 75mn cfd Midyan plant was commissioned in 2017, while the 2.5bn cfd Wasit plant came on...
Volume: 63Issue: 25Published at Fri, 19 Jun 2020 -
Qatar Signs Record-Breaking Deal For LNG Tankers
...ney to be able to do that,” Mr Kaabi told MEES in 2017 (MEES, 8 December 2017). This week’s agreements were with Korea’s Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI). QP says the three “will reserve a major portion of their LNG sh...
Volume: 63Issue: 23Published at Fri, 05 Jun 2020 -
Chevron Phillips Wins Stake At Major Qatar Petchems Project
...troleum has launched its renewed petrochemicals push, announcing on 24 June that it will partner with US JV Chevron Phillips Chemical in constructing a 1.9mn t/y ethane cracker. This is a considerable expansion from the original project scope of 1.6mn t/y floated in 2017. The project also entails co...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Thailand’s PTTEP Expands In Gulf With Partex Purchase
...itically, Partex’s partnerships could act as a springboard for PTTEP to embark on further regional expansion. The acquisition will mark a grand return to the Gulf for PTTEP following a two-year hiatus. The firm exited Oman in 2017 having announced in August 2016 that it was selling its 1,600 b/d Block 44 to lo...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Adnoc Targets Big Gains From Transformational Foreign Partnerships
...reamlining of subsidiaries in 2017 (MEES, 20 October 2017). Equally notable is the revolution underway in reshaping Adnoc’s partnerships with foreign oil firms. The number of such firms partnered with Adnoc in its upstream operations has soared from 12 in 2014 to 17 currently (see chart 1). Moreover, th...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
UAE Gas Production, Consumption Rise To Record Levels
...2018, despite imposing an embargo on its neighbor in June 2017 (MEES, 9 June 2017). Qatari stats show that the emirate exported $1.41bn worth of goods to the UAE in 2018, the bulk of which will have comprised gas supplies through the Dolphin consortium’s pipeline (Abu Dhabi state firm Mubadala 51...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Dubai’s Dragon Roars In To Egypt With BP Purchase
...timated $500mn for BP’s Gupco subsidiary, which manages the firm’s 12 concessions containing 45 fields in Egypt’s mature Gulf of Suez oil province. Output was 71,000 b/d for 2017-18, 11% of Egypt overall output, down from 72,500 b/d for 2016-17 and 78,000 b/d for 2011-12. Net output to BP is around 40...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Eni Ramps-Up Zohr, Mubadala Farms In
...this year(MEES, 12 May 2017). This will mean Cairo will be able to bring an end to LNG imports which began in April 2015. Mr Molla signalled that a six-cargo tender awarded to trading firms Trafigura, Gunvor and Vitol for deliveries in July and August will likely be the last. “I don’t th...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Total Poised For Further Mena Upstream Expansion
...y upstream asset is a 30% stake in the joint venture operating the 300,000 b/d Al Shaheen field acquired in July 2017 (MEES, 28 July 2017). Mr Pouyanné appears optimistic that as “we are becoming the number two in the LNG world via the acquisition of Engie [LNG] assets in July” the firm is well pl...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Algeria: Total, Repsol Recommit But More Investment Needed
...the reins (MEES, 21 April 2017), and followed this up with broad partnership deals with many of Algeria’s key existing upstream investors – including Eni and Anadarko as well as Total and Repsol. On the other hand, the fact that commitments to date have come from existing investors indicates th...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
Aramco Downstream Strategy: Plastic Fantastic As Sadara Park Ramps Up
...ants targeting the automotive industry, while local firm Rufayah will process pyrolisis by-products to make hydrocarbon resins. Sadara started up the cracker at the heart of its complex in August 2016 and started up the last of its 26 units in August 2017. The plant processes naphtha, ethane, be...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
ExxonMobil’s Rapidly-Expanding Mediterranean Presence
...7,000 b/d, just 16.5% of the total for 2017. US output has soared past MENA to account for 22.5% of the total. The share accounted for by North Africa and the Mediterranean remained steady. At zero that is. The firm’s only regional interests at the start of the decade were three deepwater blocks off Li...
Volume: 61Issue: 23Published at Fri, 08 Jun 2018 -
Tunisia Upstream: Strikes Over, Decline Continues, Hope Delayed To 2019
...mand. Whilst output was slightly higher than the average figure for 2017 this was only ‘thanks’ to the massive series of strikes and sit-ins which crippled output last summer (MEES, 2 June 2017): output for 2017 as a whole, at 38,700 b/d was the lowest since 1966, Tunisia’s virgin year of oil pr...
Volume: 61Issue: 23Published at Fri, 08 Jun 2018 -
Morocco Gas: Sound Plans
...s Maghreb-Europe line which connects Algeria with Spain via Morocco. Ownership of the Moroccan section is set to pass from Algeria to Morocco in 2021. Moroccan offtake from the route was 110mn cfd for 2017: the country’s sole gas imports, meeting 93% of consumption. This is the target market for Te...
Volume: 61Issue: 23Published at Fri, 08 Jun 2018 -
Egypt Inches Towards Paying Off Receivables Bill
...ll in late 2014 when it halved dues to $3.1bn on the back of borrowed cash (MEES, 5 December 2014). EGPC has pledged to pay off receivables by mid-2019. VICIOUS CIRCLE EGPC can point to the sums it is owed by other ministries as a reason it has fallen so far behind with payments. As of late 2017...
Volume: 61Issue: 22Published at Fri, 01 Jun 2018