- Sort by:
- Score
- Published ▼
-
Egypt Gas Producers Get Export Boost As Asian LNG Prices Rise
...s field, located in the North Damietta offshore block which also houses Atoll. Qattameya, discovered in 2017 in 108ms water has been tied back 45km to the Ha’py platform and “is expected to produce up to 50mn cfd,” BP says. The UK major is also readying start-up of the Atoll-4 well: it previously fl...
Volume: 63Issue: 44Published at Fri, 30 Oct 2020 -
Dana Gas Sells Producing Egypt Assets To Texas-Based IPR
...lations with Sukuk holders (MEES, 18 August 2017) and had flagged up the sale of its Egypt assets as a preferred method of meeting the looming payment (MEES, 14 February). This suggests that Dana was hardly in a position to dictate terms in the latest sale, though a $90mn one-year loan with UAE lender Ma...
Volume: 63Issue: 44Published at Fri, 30 Oct 2020 -
QP & Total Make Second South Africa Discovery
...panding internationally… my ambition is for Qatar Petroleum to be seen as an International Oil Company and be talked about at the same level as ExxonMobil, Shell, ConocoPhillips, Total” (MEES, 8 December 2017). This ambition has led QP to partner with international majors at a host of overseas assets in...
Volume: 63Issue: 44Published at Fri, 30 Oct 2020 -
Gulf Oil Giants Eye Enhanced India Ties
...pand their commercial links. The largest three oil producers in the Middle East (and Opec) are also India’s three largest suppliers (see chart). Opec No.2 Iraq overtook Saudi Arabia as India’s largest supplier in 2017 and has held on to the crown ever since, with both supplying record volumes last ye...
Volume: 63Issue: 44Published at Fri, 30 Oct 2020 -
Saudi Deficit Falls To $11bn For Q3 As Non-Oil Sector Surges
...venues stay flat then the deficit could conceivably come in above $80bn. Q4 deficits in both 2017 and 2018 were more than $30bn. FINANCING THE DEFICIT In order to finance last quarter’s $10.9bn deficit, the government turned to domestic debt. Overall, it raised $11.2bn domestically, opting en...
Volume: 63Issue: 44Published at Fri, 30 Oct 2020 -
Qatar Government Revenues Drop in Q3
...rink by 4.5% this year. This would be the first time that the economy has shrunk on an annual basis since 2017, and this year’s decline is expected to dwarf that year’s 1.5%. The latest government figures show that the economy shrank by a massive 6.1% in Q2 versus a year earlier (see chart 1), and wh...
Volume: 63Issue: 44Published at Fri, 30 Oct 2020 -
Russia Overtakes KRG As Israel’s Top Crude Supplier For 2020
...plying a record stockbuild given lackluster demand (MEES, 4 September) – imports fell back to 208,000 b/d last quarter according to data intelligence firm Kpler. That marked the lowest quarterly figure since Q4 2017’s 197,500 b/d. Israel has had considerable success in diversifying its import slate si...
Volume: 63Issue: 43Published at Fri, 23 Oct 2020 -
Egypt Power Fuels: Renewables Rising, But Gas Remains Dominant
...24 (MEES, 9 November 2018). In the longer term nuclear capacity will be added to the mix, with four reactors with a combined capacity of 4.8GW due to begin operation at Dabaa on the Mediterranean coast during 2026-29 (MEES, 15 December 2017). ...
Volume: 63Issue: 43Published at Fri, 23 Oct 2020 -
Egypt’s LNG Exports Face Uncertain Future
...ST 13 CARGOES FOR 2020 VOLUMES ARE SET FOR THEIR LOWEST SINCE KEY OFFSHORE FIELDS STARTED UP IN 2017 SOURCE: BP, KPLER, MEES. EGYPT* IS SET TO LOAD JUST 13 LNG CARGOES IN 2020, LESS THAN A QUARTER OF THE 2019 FIGURE *ALL ELNG. ^PRESUMES REMAINING CARGOES AVERAGE 65,000 TO...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Eni’s Zohr Under Threat From Water Infiltration
...ffered “steeper then expected declines” after 2017 start-up (MEES, 15 March 2019), whilst Phase-3 (Raven) has been delayed from late 2019 due to a pipeline snafu (MEES, 7 February). Shell’s key offshore WDDM fields, long the main source of feedstock for the 7.2mn t/y ELNG export terminal at Idku (see ma...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Oman Gas Output To Top 5bn CFD As BP’s Ghazeer Comes Online
...ock’s first phase Khazzan project. The 2017 start-up of Khazzan transformed Oman’s gas fortunes (MEES, 29 September 2017), sparking renewed investment from international majors. All told, Block 61 will now account for more than a quarter of Omani gas and condensate production capacity. “I am de...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Sunny Hill: All Eggs Now In (Delayed) Algerian Basket
...hedule was for September 2022. Though project delays in Algeria are par for the course – the development of Ain Tsila to produce 3.5 bcm/y (340mn cfd) was originally slated for 2017 start-up (MEES, 21 July 2017) – Sunny Hill is particularly exposed to the risk given that it has now quit all of its other oi...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Masdar Wins Big Rooftop Solar
...rget figure for rooftop solar capacity, but introduced energy netting regulations in January 2017 to encourage development of systems up to 5MW (MEES, 15 February 2019). Masdar is involved with France’s EdF in two of the largest regional solar projects: 2GW Al Dhafra in Abu Dhabi for start-up in 20...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Saudi Crude Exports At Ten Year Low
...e Mediterranean terminal of Sidi Kerir. Total Sumed flows to the Mediterranean have dwindled to four-year lows in recent months (MEES, 21 August), and Saudi Arabian volumes are no exception to this trend. At 595,000 b/d in Q3, Saudi exports through the Sumed pipeline were the lowest since 1Q 2017...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
The KRG’s $850mn Oil Arrears Problem
...vestor, but having just missed four months payments, the KRG doesn’t have much credibility. It’s a mess.” Erbil made a similar deal in 2017 with DNO and Genel (as well as the gas-focused Pearl Consortium) which saw the firms take the KRG’s 20% stake in Tawke along with monthly override payments. But, wi...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Turkey’s East Med Drilling Campaign: Politics By Other Means
...le in the wider region. The 2017 collapse of internationally-mediated talks in the Swiss resort of Crans Montana to unite ethnically divided Cyprus also provided a fig leaf for stepping up activity in Cyprus’ waters. LITTLE OFFSHORE EXPERIENCE Until its recent acquisitions of dr...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Apicorp Funding Dubai Solar
...abi’s Masdar and France’s EdF, are Abu Dhabi’s Union National Bank, Saudi-based Islamic Development Bank, Apicorp, France’s Natixis, Germany’s Siemens Financial Services, Korea Development Bank and Canada’s EDC (MEES, 16 June 2017). ...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Lebanon-Israel Talks
...d Russia’s Novatek still bid (and were awarded) Lebanon’s Block 9 in 2017 – though the French giant explicitly noted it wouldn’t drill within disputed waters (MEES, 16 February 2018). The first well is expected early next year following the consortium’s flop in Block 4 earlier this year (MEES, 1 Ma...
Volume: 63Issue: 40Published at Fri, 02 Oct 2020 -
Qatar Powergen Rebounds To New Peak
...ricultural sector, which Qatar has sought to build up in response to the ongoing economic embargo. Food security has long been an area of concern for the government and the embargo made it more acute. Government statistics show that agricultural output has increased significantly since 2017. STRATEGIC DE...
Volume: 63Issue: 40Published at Fri, 02 Oct 2020