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Shell Egypt Slump Opens The Door For Chevron
...ft Shell-predecessor BG unable to meet its export commitments from the 7.2mn t/y ELNG export terminal which adjoins the WDDM processing facilities at Idku (MEES, 7 February 2014). Even the addition of UK major BP’s West Nile Delta (WND) project from 2017 wasn’t enough to reboot LNG exports. This pr...
Volume: 64Issue: 21Published at Fri, 28 May 2021 -
Adnoc-CNPC JV Awards EPC Contract For Offshore Block Development
...rku Island.” Adnoc Upstream Executive Director Yaser Saeed Almazrouei says “we are very pleased to commence the full field development of the Belbazem Offshore Block, together with our strategic partner CNPC.” AL YASAT’S GROWTH Al Yasat was established in 2014 and has two co...
Volume: 64Issue: 21Published at Fri, 28 May 2021 -
Russia’s Gazprom Seeks North Africa Expansion
...sin known as ‘Area 64’ (see map). ALGERIA PLANS In neighboring Algeria, Gazprom says it plans to make a decision in 2021 on the “commercial attractiveness” of its 2010 Rhourde Sayah (RSH) and 2014 Rhourde Sayah North (RSHN) discoveries on the El Assel license (236b). The two fields ar...
Volume: 64Issue: 21Published at Fri, 28 May 2021 -
Sonatrach Adds Equinor And Sinopec To MoU List
...vestment push (MEES, 7 February 2020). Equinor is also involved in exploration activities in Algeria at the country’s Timissit license on the border with Libya. The block, which is said to have both conventional and unconventional potential, was originally awarded in 2014 (MEES, 3 October 2014). Eq...
Volume: 64Issue: 20Published at Fri, 21 May 2021 -
Iran Deepens Iraq Energy Role With 3GW Basra Power Plant
...to Iraq’s energy sector. The $2.5bn Rumaila IPP project was directly awarded to the Amman-based Iraqi conglomerate Shamara Holding Group (SHG) by the Ministry of Electricity in 2014 under Federal Iraq’s first Power Purchase Agreement (PPA). The PPA is for 15-17 years and Iraq’s Ministry of Fi...
Volume: 64Issue: 20Published at Fri, 21 May 2021 -
Eni’s Zohr Boosts Egypt Gas Output To New Highs
...PLORATION Russian state firm Rosneft, 30% partner at Zohr (Eni 50%op, BP 10%, Mubadala 10%), revealed in its 2020 annual report, released last week that “the drilling of a prospecting well” on the Shorouk block which houses Zohr is planned by July next year. Part of the original block awarded to Eni in 2014...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
Yemen Set For Output Boost Following Petsec Transaction
...gistered Octavia Energy Corporation listed by Companies House was dissolved in 2014. Nevertheless, Yung Holdings is listed as having Yemen operations. In 2016, Yung Holdings purchased Calvalley Petroleum (Cyprus) Ltd, which is the operator of Block 9 (50%) alongside Indonesia’s Medco Energi (25%) and Ho...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
India Oil Demand Hit By Covid As Saudi & Opec Import Share Falls To Record Low
...th Saudi Arabia’s market share falling to a record low 14.4%. Opec’s Q1 market share of 64.3% was also a record low, whilst the Mideast share of 56.2% was just fractionally higher than the record quarterly low set in 2014 (see chart). *In volume terms, the 595,000 b/d that India took from Sa...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
Yemen Takes Delivery Of Saudi Products Shipments
...started in 2019 and is currently running at around 10,000 b/d (MEES, 15 January). A planned second phase 400MW expansion was awarded to India’s BHL for $436mn in 2011 with work beginning in 2014 (MEES, 9 August 2013). The project was financed by the Arab Fund for Economic and Social Development, the Sa...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
Sonatrach: A Return To Libya?
...andon its exploration activities on the Libyan side of the Algeria-Libya border in 2014 due to a deteriorating security situation. It had made a number of promising discoveries close to existing infrastructure up until that point (MEES, 11 June 2012 & MEES, 22 February 2013). Sonatrach holds 50% of Ar...
Volume: 64Issue: 18Published at Fri, 07 May 2021