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Egypt’s Midsize Gas Producers: Output Down But Receivables Down Too
...ich saw production average 148mn cfd during the first nine months of 2021, down 45% from 2017’s 270mn cfd. Output was just 137mn cfd (28,100 boe/d including liquids) for Q3 with the firm guiding a further fall to just 127mn cfd for Q4 (see chart 1). Though output is set to fall yet further in the fi...
Volume: 64Issue: 46Published at Fri, 19 Nov 2021 -
Qatar Quarterly Export Revenues At 7-Year High
...ports was the highest in MEES quarterly figures stretching back to 2013, as Qatar benefitted from the strongest market for refined products since its 146,000 b/d Ras Laffan II condensate splitter started up in December 2016 (MEES, 6 January 2017). ...
Volume: 64Issue: 45Published at Fri, 12 Nov 2021 -
Iraq Appoints KPMG To Audit Key China Oil-For-Infrastructure Credit Line
...tractive Industries Transparency Initiative, these deductions were paused from 2015 to 2017 when Iraq faced “security constraints” as ISIS took large swaths of the country. After the UN-mandated Kuwaiti deductions, the funds are then moved to an oil settlement account in China where deductions ar...
Volume: 64Issue: 45Published at Fri, 12 Nov 2021 -
Gulf Rig Count Surges In October
...ver mind 2019’s high of 68 (see chart 2). 2: ABU DHABI’S RIG COUNT ROSE BY FOUR IN OCTOBER, ALL OIL RIGS KUWAIT SLUMP *Kuwait long vied with the UAE as the GCC’s number two producer. Until 2017 Kuwait typically had a higher rig count than Abu Dhabi (MEES, 9 July). Bu...
Volume: 64Issue: 45Published at Fri, 12 Nov 2021 -
US Majors: Record Permian Output, More To Come
...me value for a lot less spend,” he adds, referencing a strategy first set out in 2017 (MEES, 17 February 2017) and expanded upon two years later (MEES, 15 March 2019). “We invested in the infrastructure to make sure that we were in a position, once we focused in on and identified the areas we wa...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Japan Crude Imports: Record Mideast Share As UAE Overtakes Saudi
...ES, 6 August). Other UAE volumes for September included a 235,000-barrel cargo of Sharjah condensate, the first time Japan has taken the grade since March 2017. *Qatar, up 4% at 219,000 b/d for 9M 2021, has overtaken Kuwait, down 18% at 197,000 b/d for number three spot, though Kuwait was ah...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021