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Saudi Aramco Plans 50% Gas Output Boost By 2030
...d in 2021, including a single-day output record of 10.8bn cfd. The previous records of 9.03bn cfd and 10.7bn cfd respectively had been set in 2020, and the 170mn cfd year-on-year increase was the fastest annual increase since 2017. Sales gas output has now increased for 15 consecutive years (see ch...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Algeria Smashes Gas Output Record For 2021, Can It Keep It Up?
...tput records of 94.8bcm and 94.5bcm set in 2016 and 2017, but also breached the 100bcm mark for the first time with production rising 17% to 102.8bcm (9.94bn cfd), according to official Algerian submissions to Jodi (see chart 1). Output continued to roar in January, hitting 9.7bcm – just 0.4bcm shy of...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Iran Awards Phase 2 Of South Pars Oil Field Development
...talEnergies. South Pars itself is the world’s largest gas field including the Qatari ‘North Dome’ portion. Discovered in 1992, SPOL Phase-1 production began in 2017 (MEES, 24 March 2017) with Iran targeting capacity of 35,000 b/d of 21° API crude oil. Out of nine wells planned in section A2 of the field (se...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Egypt Powergen Rebounds To Record For 2021 As Oil Burn Makes A Comeback
...lated effects coming on top of a long term downward trend from a 2016 peak after subsidies were phased out from 2017. As for the impact of Covid: 2020 household consumption actually was somewhat higher than 2019 as more people stayed at home, whilst for 2021 the main change was a higher summer peak, pe...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Lebanese Power Operator Primesouth Files Arbitration Against Iraq
...ngled out the project for corruption since initial plans were made public in 2017. A little-known Dubai based Iraqi oilfield services subcontractor called Al Nukhba Energy was accused of corruption after the electricity ministry chose it to deliver the work. In April 2019, the Iraqi cabinet awarded the 10...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Egypt Sees Wildcat Drilling Slump
...this, some 5.05bn cfd, coming from the Mediterranean offshore (MEES, 4 March). The key developments that have boosted output to record levels are Eni’s 21.5tcf Zohr field which came online in late 2017 and BP’s West Nile Delta (WND) which started up in phases from 2017. But typical high de...
Volume: 65Issue: 11Published at Fri, 18 Mar 2022 -
Distillate Supply Crunch Concerns Rise As Stocks Fall
...ler (see chart 1). The three-month rolling average of 74,000 b/d in February was the lowest in Kpler data stretching back to January 2017. Many in the market will be hoping that the imposition of fresh lockdowns in Chinese cities may curb domestic demand sufficiently in the short-term to provide some te...
Volume: 65Issue: 11Published at Fri, 18 Mar 2022 -
Opec Production Edges Higher: Just A Drop In The Stormy Ocean
...oduction gains remain uncertain. Venezuela produced more than 2mn b/d as recently as 2017 but will likely require years to return output close to this level. …AND IRAN?... What about talks with Iran on reviving the JCPOA nuclear agreement which have supposedly been on the cusp of co...
Volume: 65Issue: 10Published at Fri, 11 Mar 2022 -
Thailand: Record LNG Imports For 2021 As Qatar Remains Dominant
...figures of over 60% to 2017 (see table and chart). Short-haul supplier Malaysia is number two on 1.07mn tons. Oman supplied a record 255,000 tons (four cargoes), up from two cargoes for 2020. *With domestic output on a long-term downward trend, Thailand has little choice but to increase LN...
Volume: 65Issue: 10Published at Fri, 11 Mar 2022 -
Oxy Eyes New Algeria Contract In 2022
...tober 2017). Though other US firms such as ExxonMobil and Chevron have shown interest in recent years, there has been no real movement on development. Could Oxy be the first?...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Mauritania: No More Exploration?
...pired at the end of 2021. A fourth BP/Kosmos exploration block, C6, expired in 2020. Of the three relinquished and to-be-relinquished blocks, only C12 has seen an exploration well – 2017’s Lamantin-1 which unsuccessfully targeted oil (MEES, 15 December 2017). As for other deepwater blocks, for now Ex...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Abu Dhabi Gas Use Drops As Nuclear Meets Record Demand
...nsumed less gas than in any year since 2014 (see chart 3). Gas consumption peaked at 2.35bn cfd in 2017, but has since been steadily falling down to 2.21bn cfd last year. Ewec expects demand to continue rising in the coming years – first to 16.81GW this year, then above 17GW in 2023, before hitting 20...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022