- Sort by:
- Score
- Published ▼
-
Israel Offshore Awards: Small Firms, Smaller Commitments
...e ministry to attract bigger names to its offshore after 2017’s previous bidding flop (MEES, 15 December 2017). Then, just six of the 24 much smaller blocks on offer were awarded, with Energean taking five. The Greek firm has yet to undertake any exploration on the acreage. Energean’s key focus is...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
KRG: DNO Tawke Output Down Again
...gion’s oil sector. And whilst the 2017 start-up of the 52,000 b/d Peskhabir field has provided a boost, in recent months it has failed to offset losses at the eponymous Tawke field which saw output dip to 67,800 b/d in Q3 – down from 83,400 b/d in 3Q 2018 and 107,000 b/d in 3Q 2017. DNO expects to ex...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Qatar Banks On North Field Leverage To Boost Aggressive Overseas Expansion
...rld’s dominant LNG supplier is set to strengthen further (see p9). Despite its recent acquisition spree, QP has a long road ahead of it to achieve its international aspirations. Still, Mr Kaabi has long-term aspirations, telling MEES in 2017 that “Qatar Petroleum; in 10 years from now you will not re...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Qatar Faces Up To LNG Market Changes
...erging LNG market in which Qatar is the dominant player. State firm Petrobangla has two 3.75mn t/y floating storage and regasification units (FSRU), and a 2.5mn t/y supply deal was signed with Qatargas in July 2017 with supplies beginning in April 2018. However, the involvement of rival Saudi Arabia in th...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Qatar Petroleum Puts Petchems Front & Center
...ants). The new cracker will boost capacity to 4.54mn t/y, or potentially more if the scope is increased. EYING FUTURE PROJECTS… When Mr Kaabi unveiled the new ethane cracker project to MEES in 2017 (MEES, 8 December 2017) it marked the emirate’s first planned petrochemicals expansion since it ax...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
‘We Are Not Aggressive Enough’: Qatar Energy Minister Speaks With MEES
...pointed minister and pushed it forward. It was really my project of looking at that. Q: What have been the advantages for you? A: No regrets. No regrets at all. ON QP’S INTERNATIONAL EXPANSION Q: When we spoke two years ago [MEES, 8 December 2017], one of your key points of fo...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Egypt $4bn Benban Solar Park ‘Complete’
...developers were not satisfied with a Cairo court’s decision, did first EBRD and then the World Bank’s International Financial Corporation (IFC) get behind Benban, backing almost all the projects developed so far (MEES, 3 November 2017). EGYPT’S BENBAN SOLAR PARK REACHES 1.475GW CA...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Total’s Anadarko-Algeria Assets Completion: ‘Late 2020’, Perhaps Never
...tstanding. “Discussions with the authorities” in both Algeria and Ghana “are still ongoing,” Mr Sbraire says, adding that “We have this type of discussion in particular in Algeria…We are of course familiar to this kind of discussions when we acquired the Maersk portfolio.” As part of Total’s 2017 purchase of...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
China LNG Imports (Mn Tons): Qatar Volumes And Share Fall In 9m 2019 With Australia Pulling Away As Top Supplier
...PPLIER WITH 9M19 VOLUMES UP 29% Y-O-Y, THOUGH Q3 SAW THE FIRST QUARTERLY DIP SINCE 2017 QATAR, NUMBER ONE TO 2014, RISKS LOSING EVEN SECOND SPOT. 9M VOLUMES OF 5.7MN T ARE DOWN 13%, WITH MALAYSIA (1.87MN T) AHEAD IN Q3...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Saudi Arabia Must Look Overseas To Realize Gas Export Dream
...xt 10 years in its bid to boost raw gas production to 23bn cfd by 2026 (MEES, 15 December 2017). CEO Amin Nasser told the Gulf Petrochemicals and Chemicals Association (GPCA) conference in Dubai this week that output currently stands at 14bn cfd. If accurate, this is a substantial increase on the 2017...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Wintershall Joins Eni In Abu Dhabi Sour Gas
...g (MEES, 1 December 2017). No surprise given that it will require “pipelines, islands, wells, you name it. It is a very complex project” according to upstream chief Abdulmunim al-Kindy. Adnoc is confident that its experience in developing the ultra-sour onshore Shah gas field alongside US firm Ox...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Libya Steps Up Drilling
...Zueitina Oil Co. Zueitina in turn groups NOC with OMV after the latter bought out Occidental (MEES, 10 February 2017). Current output is around 30,000 b/d. Occidental and OMV in 2007 had plans to boost production at Nafoora using improved oil recovery techniques. Years of war and political in...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
China Imports: Aramco Claims Ring Hollow As Russia, Iraq Notch Up Record Volumes
...ades [with] Aramco’s Arab Medium crude oil a preferred choice for the plant’s baseload,” Aramco said in an August 2017 press release which commemorated Cnooc taking delivery of its first ever cargo of Saudi crude. This made Cnooc “the last of China’s three large national oil companies to join Saudi Ar...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Israel Bidding: Larger Blocks, More Interest?
...st two bids for six blocks, all located in the country’s northern offshore near existing discoveries (MEES, 24 November 2017). This time the Energy Ministry is grouping the 19 blocks on offer (eight of which were offered in the previous round) into five ‘zones’ – essentially meaning that five la...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
OPEC Faces $200bn+ Question Next Week In Vienna
...rm or test new lows. After Brent settled below $60/B on 23 November for the first time since October 2017, prices have fluctuated either side of the line. The 2016 “Declaration of Cooperation” under which 24 countries (new Opec member Congo was not a signatory) agreed to cut some 1.8mn b/d ex...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
SEC Plans Powergen Subsidiary As Step Towards Break-Up
...stern, central, western and southern regions. SEC was created in 2002 by combining GEC and the regional firms. However, the company has since continued to manage its operations through four regional units, whilst in recent years it has also reported sales revenues on a regional basis. Total 2017 SEC re...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Jordan Wind Awards EPC To Denmark’s Vestas
...velop the project in 2016, they aimed to begin construction in 2017 and to begin delivering electricity from the farm in 2019. But like many of Jordan’s investment plans, financing proved the key holdup. Financial close was only reached in September, with funding coming from the World Bank’s IFC in...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Jordan Energy Goals Remain Hostage To Geography
...xt to zero oil and gas resources, the Hashemite kingdom relies on costly imports for 95% of its energy consumption—a further burden on the country’s stagnant economy. Energy imports cost Jordan $3.42bn (JD 2.45bn) in 2017 up 26% from 2016, and with spending on oil imports alone up 43% for the fi...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Kuwait Launches Refining Expansion Plan, Readies For Clean Fuels Commissioning
...two 300,000 b/d refineries (MEES, 20 April). But it appears Kuwait is opting for one new plant and the expansion of existing ones. KUWAIT REFINING CAPACITY (MN B/D, END YEAR) *ASSUMES CLEAN FUELS PROJECT FULLY ONLINE IN 2019, Al-ZOUR FULLY ONLINE IN 2020. ^SHUT DOWN END-MAR 2017. SO...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Saudi Arabia Bags $118bn Trade Surplus In 9M 2018
...Falling oil prices since October augur Q4 reversal. Saudi Arabia’s export revenues over the first nine months of 2018 are already within touching distance of the full year 2017 figure. The kingdom’s latest trade data shows that export revenues over the period are up nearly 27% ($58.7bn) ye...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018