- Sort by:
- Score
- Published ▼
-
Iraq Pursues Crude Capacity Gains As Revenues Rise
...20-2022. Mr Tealdi trumpeted Eni’s successes in boosting drilling efficiency. Last year saw 26 wells drilled using four rigs, against 21 in 2014 with 12 drilling rigs. It is targeting 32 new wells this year while maintaining just four rigs. Overall, there are currently 150 producing wells at Zubair, an...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Libya Oil Output Set For Three Year High
...mbles on. As of 25 May, Libya’s average crude production for the month was about 770,000 b/d, surpassing every monthly average since October 2014 when output averaged 860,000 b/d. It is also a hike of more than a third on April output, when a shutdown at the Repsol-operated Sharara fields caused av...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Egypt’s Gasoline Imports Rising, But Key Hydrocracker Start-up Put Back To 2018
...t diesel imports appear to have settled around the 150,000 b/d mark on an annual basis in 2015-16 after a sharp rise from 2014, and the Q1 2017 net imports of 146,000 b/d are only slightly higher than the 140,000 b/d for Q1 2016. Quarterly data for net diesel imports appeared to have flattened out ye...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Opec Output Cuts Extended But Market Relevance Wanes
...b17 Jan17 Dec16 2016 2015 2014 S Arabia* 9.98 -0....
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Tunisia: Key Gas Project Faces Further Delays As Unrest Grows
...en tied in as a producer (albeit likely at a significantly lower flow rate). But despite this modest boost gross output from Eni’s southern fields fell from 15,900 b/d in 2014 to 13,900 b/d in 2015 and 13,000 b/d last year. Eni says it has not been hit by the latest protests. However OMV has in re...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Egypt Gas Boost Cuts Import Needs, But Self-Reliance Still A Distant Goal
...covery, with BP’s 1.5 tcf Atoll set to add a further 300mn cfd from mid 2018. But even with the Nooros and WND boost, Egyptian output is only back to early 2014 levels: it is still some 1bn cfd short of the near-6bn cfd average of 2011 and 2012 (see chart – the Nooros field which is in shallow water but dr...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Saudi Aramco’s Mu’ajjiz Port Development Enhances Flexibility
...ipped to the facility. The most economic option would likely be to pipe crude to the west coast and then ship it south to Jazan. This appears to be the strategy. Aramco’s 2014 annual review said that redevelopment of Mu’ajjiz will “accommodate the increased volumes of fuel oil and supplies of Ar...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Opec Facing Tough Choices Ahead Of Vienna Meeting
...rporation (NOC) claimed 800,000 b/d-plus output last week, a level it has not sustained for a whole month since October 2014. Production disruptions are an ever-present risk, but more than half-way through May it seems as if a sizeable monthly gain is near-guaranteed. In Nigeria, the outlook is less po...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Algeria Parliamentary Poll: Status Quo - On, And On, And On Again
...% of registered voters (23 million out of a population of almost 40 million), compared with some 42% in 2012. Some independent observers put the figure lower still. Algiers had managed to buy social peace until 2014 as oil prices remained at over $100/B, but the latest elections coincide with he...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Morocco’s Samir: Rescue Bid
...rch 2014 before processing halted in August 2015....
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Egypt Economic Reforms Remain On Track But Long Road Ahead
...ensure that these subsidies target those who are most in need. He denies that there is a decision to raise fuel prices, but said that his ministry has a five-year program which started in 2014 to rationalize energy subsidies, stressing however that this program is unrelated to the IMF loan. NE...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Oman Export Revenues Down, Rating Junked
...finery Improvement Project (SRIP), which commenced in 2014, is slated to increase output capacity for transport fuels by 59% to 197,000 b/d. Construction finished earlier this year and the spike in April refinery output suggests that units temporarily offline for the maintenance are now back online. Ho...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Lebanon Bidding Risks Stalling Amid Major Pullback
...Lebanon’s relaunched offshore bid round risks flopping. With only five blocks on offer and three of these contested with Israel, the number of firms looking to operate has fallen to just six from 13 in 2014. ExxonMobil, Chevron and Shell are among those to have pulled back. Lebanon’s En...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
BP’s WND Starts Up
...e Libra and Taurus fields, which constitute Phase 1 of the 1.2bn cfd project, are currently producing 700mn cfd of gas and 1,000 b/d condensate “20% higher than the planned sales gas plateau,” BP says. This implies that Egypt’s gas output has hit 5bn cfd for the first time since January 2014 (se...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Iraqi Coffers Reap Reward Of Higher Oil Prices
...low 2014’s $30.2bn. Revenues for April were up 37% year-on-year at $4.6bn and were higher than every month in 2016 except December. Although they slipped slightly from March’s $4.8bn, this was effectively due to the shorter month, as daily revenues averaged $154mn in both March and April. Oil re...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Jordan: Zarqa Expansion
...id, according to Jordan’s official stats, oil demand fell from a peak of 155,000 b/d in 2014 to a five-year low of 133,000 b/d for 2015, an unlikely outcome given the country’s rising population. One possible explanation is that ‘official’ supplies are being augmented by smuggled products from ne...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Wintershall Dispute Takes Gloss Off Libya Production Peak
...Libyan output has topped 800,000 b/d for the first time since 2014. Output would be even higher were it not for a dispute with Germany’s Wintershall, says NOC. Crude production on 10 May was at least 800,000 b/d, according to officials from Tripoli-based National Oil Corporation (NOC), th...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Libya Wins $1bn From SocGen, But Cases Highlight Shambolic Economic Governance
...ADERSHIP DISPUTES The issue over who heads the LIA has been long drawn out. Mr Breish was deposed as LIA head in June 2014 under Law 13, a measure passed by parliament in May 2013 that excluded those associated with the previous regime from participating in state functions. But he continued to be re...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Libya Investment Authority: A History Of Legal Wrangles
...The LIA lodged a lawsuit against French Investment bank Societe Generale in 2014. In this it claimed the relationship between it and SocGen through which the latter executed $2.1bn of trades on behalf of the LIA in the 2007-09 period was based on a “fraudulent and corrupt” scheme involving a $58...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Gulf Banking Ripe For Takeover Spree
...venues fell from a six-year high of $97.2bn in 2014 to just $44.3bn in 2016, a collapse of 54% (see chart). They are projected to rise back above $50bn this year but will still remain well short of 2014 levels. It’s a similar story elsewhere in the GCC, with Saudi crude revenues falling a staggering $15...
Volume: 60Issue: 19Published at Fri, 12 May 2017