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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 -
Mauritania: Shell Q4 Wildcat
...two years, indicating the potential for additional wells on its Mauritania acreage or elsewhere. Mauritanian officials say the well will target oil as well as gas, with Block C10 surrounding Mauritania’s to-date only commercial oil discovery, the Chinguetti field which produced from 2006 to 2017...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Japan Crude Imports: Record Mideast Market Share
...untries supplied 96.3% of Japan’s crude and condensate imports, putting this year on track to top last year’s record figure of 94.1% (see chart). *Saudi Arabia alone supplied 40.6%, up not only on 2022’s 38.0% but on the record 40.1% set in 2017, whilst the UAE’s 38.4% is also a re...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Saudi-China Conference Highlights Growing Ties
...e US as the world’s largest importer with 8.40mn b/d in 2017, with volumes soaring further to a record 10.86mn b/d in 2020 as it gorged on cheap oil amid the pandemic. Chinese imports have since dropped but still averaged 10.2mn b/d last year. This has been mirrored in the two countries’ re...
Volume: 66Issue: 24Published at Fri, 16 Jun 2023 -
Iraq Restarts 3mn Barrel Nasiriya Storage Project
...P first began work on the project back in 2015, targeting 2019 start-up. However as with many projects in Iraq it has been subject to lengthy delays (MEES, 27 January 2017). CPP resumed work on 30 May. NNOCD is designed to store crude oil from CNPC’s 140,000 b/d capacity Ahdab and Gazprom Neft’s 80...
Volume: 66Issue: 23Published at Fri, 09 Jun 2023 -
Qatar Q1 Export Flows Normalize As LNG Spot Markets Cool
...gan supplying Bangladesh in 2018 under a 15 year contract to 2033 which was signed in 2017 (MEES, 30 June 2017). This follows previous deals for NFE volumes from 2026, including a 15-year 2mn t/y agreement in November with ConocoPhillips to supply Germany (MEES, 2 December 2022), and a massive 4m...
Volume: 66Issue: 22Published at Fri, 02 Jun 2023