- Sort by:
- Score
- Published ▼
-
Iran Inks Petchems Deals With Shell, Sojitz; Tatneft Signs Up For EOR
...rms, with well-connected local firm Persia Oil and Gas (MEES, 7 October). At the signing of the NPC/Shell deal, deputy petroleum minister Amir Zamaninia said Iran aims to sign upstream deals worth $10bn by the end of the current Iranian year in March 2017. IRAN’S POST-SANCTIONS PRELIMINARY PE...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
Liwa Plastics Delayed To 2020
...ogram. The company is also spending $2.1bn on expanding – from 116,000 b/d to 197,000 b/d – and upgrading its Sohar refinery. The schedule here has also slipped, from 2016 to Q1 2017 (MEES, 19 August), with the UK’s Petrofac and Korea’s Daelim the key contractors. Orpic is also building 290km of 93...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
Opec Cut Plans: Will They Happen? Will They Work?
...ices what will be the reaction from the shale oil production and how will that once again affect the market?” Without any Opec action, the IEA expects the market to rebalance in the second half of 2017 Mr Birol says. This is backed up by data from its latest Monthly Oil Market Report (MOMR), re...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
Saudi Debt Doubles, Further Rise Planned With Imminent Bond Launch
...e exact stake has yet to be decided upon. On timing, Mr Nasser says that the market is now recovering and “we expect it to recover even more in 2017, and I think the time in 2018 will be almost right.” All potential listing locations remain on the table for the kingdom, including New York, London, Ho...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
Algeria Gets Real With $50/B 2017 Budget Oil Price
...Algeria is finally adopting a realistic oil price of $50/B in its 2017 draft budget, instead of the $37/B “reference fiscal price” which was assumed in all previous budgets since 2009. This bore no resemblance to actual market prices, especially at times when the price of Algeria’s Saharan Bl...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
Gulf Equity Markets: Change Is Afoot
...d the introduction of securities lending and covered short selling regulations. The proposed changes will be the subject of new regulations published by the CMA in the first half of 2017 (MEES, 20 May). “Whilst some of these amendments focused on loosening previous rules on participation and ow...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
Abu Dhabi Oil Shakeup Continues With Offshore Consolidation
...alan fields which produce around 20,000 b/d. Cosmo expects first oil from Adoc’s Hail field in the first half of 2017, with full production projected to be 20,000 b/d. Another 10,000 b/d is provided from the Total-operated Abu al-Bukhoosh field, and around 7,000 b/d from the Bunduq field. These are tr...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Iraq’s Falling Crude Burn Bolsters Exports
...Iraqi exports have remained largely static this year, but are set to increase in the fourth quarter as seasonal crude burn falls. With increased gas supplies freeing up more crude for export, Iraq’s 2017 export target looks eminently achievable. Iraq’s draft budget for 2017 envisions ex...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
More Delays, Cost Hike At Saudi Petro Rabigh JV
...The Petro Rabigh joint venture of state oil giant Saudi Aramco and Japan’s Sumitomo has acknowledged that construction of its Rabigh 2 expansion project will not be completed until the second quarter of 2017 with the anticipated total development cost now 10% higher than the previous fi...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Saudi Electricity Seeks Outside Funds For 5.4GW Capacity Hike
...l 0.16 2016 Shuqaiq (SEC) Oil 2.64 2017 PP13 (SEC) Ga...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Shell Restarts LNG Exports From Gas-Strapped & Cash-Strapped Egypt
...port tender is to be launched before the end of the year, with the bulk to be delivered in 2017 and 2018. Cairo’s desire for relaxed payment terms has meant that most of its import cargoes have come from traders at a premium to prevailing market rates for mid-to-long term deals from suppliers. Eg...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
IMF Praises Iran’s Planned Reforms, But Implementation Is Questionable
...The IMF says Iran’s economic reforms are on the right track. But Tehran has a fight on its hands to implement the reform plans before the 2017 presidential elections. The IMF concluded its second visit to Iran since May this week – and only its second since the 1979 revolution – and is...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Latest IMF Data: Iraq Was The Key MENA Loser From The 2015 Oil Price Collapse...
...RECAST) 2017 GDP GROWTH PROJECTIONS (% By DATE OF FORECAST) SOURCE: IMF WORLD ECONOMIC OUTLOOKS FOR RESPECTIVE DATES. OCT ‘16 REPORT PRESUMES $43/B FOR 2016 AND $51/B FOR 2017 (AVERAGE OF BRENT/WTI/DUBAI)....
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Russian Oil Output Breaks 11mn B/D In September, On Track For Annual Record
...nvinced that Opec producers will follow through on last week’s output deal. The country will continue to use a $40/B Urals crude price assumption in its 2017-19 budget planning. The rise in Brent to $50/B after the 28 September Opec announcement may just be a blip he told an investment forum in Sochi, Ru...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
BP, Eni Race For First Gas From Egypt Acreage
...pects first WND output in early 2017 as opposed to the original mid-2017 estimate. Initial output will be 450mn cfd rising to 600mn cfd at end-2017 and 1.2bn cfd plateau output by end-2019, he says. BP has spent the last 12 months optimizing its development plan, CEO Bob Dudley told investors during th...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
IEA Chief Warns Against Aggressive Capex Cuts
...stream spending would be unprecedented. BP CAPEX CUTS Oil and gas majors have reported further cuts. BP, reporting its Q3 results on 26 October, said it has reduced its full-year capex for the third time this year. BP expects annual capital spending to remain at $17-19bn until 2017, well down on it...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
Qatar Out To Woo LNG Customers In Face Of Increased Competition
...cording to analysts from Energy Aspects. The London-based group expects Japanese LNG imports to fall by 2.7mn tons in 2015, mostly due to milder weather, before falling by another 1.1mn tons in 2016 and by 1.9mn tons in 2017. INDIA… POLAND… Meanwhile, India has been taking less contracted LNG from Qa...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
European Oil Firms Stand Up And Get Counted In Tehran
...ggests the domestic economic activity could “accelerate markedly” following sanctions relief, the IMF says, with the recovery in oil production and exports providing the main boost. The IMF sees real GDP growth hitting 5.5% in 2016-17 and 2017-18, before slowing to 3.5-4% in the years that follow. “We...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Egypt: Zohr Mega-Find Spurs Regional Gas Hub Ambitions
...ill three appraisal wells by the end of 2016, which, presuming they are successful, will then become production wells enabling first phase output of 700mn cfd from late 2017 or early 2018. Output would then ramp up to 2.7bn cfd by the second phase, with an expected life-span of 20 years. During th...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Cairo Struggles With Products Shortages
...vember, could be renewed, while negotiations are taking place with Kuwait to supply 500,000 barrels of gasoline and diesel a month to meet public fuel needs during the winter period in 2016 and 2017. Additional volumes will come not a moment too soon. After hitting a record high of 277,000 b/d in Ju...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015