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Poland’s PGNiG To Resume Libya Exploration
...-well campaign were ultimately drilled, with the company announcing gas discoveries in both wells. But the company pulled out its staff and wrote off its entire to-date Libya exploration spend of $137mn as security deteriorated in early 2014 (MEES, 31 January 2014). PGNiG previously pledged to re...
Volume: 67Issue: 12Published at Fri, 22 Mar 2024 -
Kuwait’s Kufpec: 140,000 Boe/D 2026 Target
...pe of gains this year, output is unlikely to top 90,000 boe/d, never mind the official 107,000 boe/d target. Kufpec has a history of massively missing output targets (MEES, 25 April 2014). And, notwithstanding promising Asian discoveries off Indonesia and Malaysia (MEES, 22 September 2023), the on...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024 -
Libya Outages Heighten Global Oil Supply Fears
...anwhile, the swearing in of a parallel government in Libya this week has heightened concerns of a return to fighting as the incumbent (internationally recognized) government in Tripoli refused to wield power. The situation is eerily reminiscent of the political division between 2014 and 2021 when two rival pa...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Baghdad To Offer Gazprom Neft Better Terms
...oduction started in 2014. It has been a mainstay of mid-Euphrates oil production alongside CNPC’s Ahdab and Zhenhua Oil’s East Baghdad fields. Badra has a central integrated oil and gas processing facility with a capacity of 110,000 b/d and 155mn cfd. Gas is piped through a 100km pipeline to the 500MW Zu...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Egypt Refiners Hit New Highs
...e lowest since February 2014. Products demand fell to 662,000 b/d for January, the lowest since July 2018. For 2019 as a whole, demand fell to a 10-year low 694,000 b/d. Egypt’s refiners processed a record 275,000 b/d of imported crude in January, helping to counter stagnating local production. Cr...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Chevron Downplays PNZ Ramp-Up…
...vels prior to the shut in of the offshore Khafji field in 2014 and onshore Wafra in 2015. But US major Chevron, which operates the Saudi portion of the Wafra field, is much less bullish. The major, in the operations supplement to its 2019 annual report released this week, says it expects “ramp up to...
Volume: 63Issue: 10Published at Fri, 06 Mar 2020