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BP Signs 5-Well Egypt Deal
...diterranean, where all recent key drillings have taken place. While the rapid decline at WND, which started up in 2017 with the Phase 1 Libra and Taurus fields, will be a sore disappointment for BP, it now provides an opportunity to tie-in nearby finds, given that the development has infrastructure ca...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Indian Oil Signs Up To Ruwais LNG
...w Delhi by Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, where he met Indian Prime Minister Narendra Modi. During the visit, Adnoc also signed a strategic framework agreement with Indian Strategic Petroleum Reserve Limited to extend its existing oil storage agreement. In 2017, Adnoc signed an...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
Shell Spuds Key Mauritania Wildcat
...scovery, the Chinguetti field which produced from 2006 to 2017. Shell entered Mauritania when it signed up for the C10 permit in 2018 (MEES, 27 July 2018), and in February signed up for a second permit, C2. QatarEnergy farmed in for a 40% stake in March (MEES, 7 April), whilst state firm SMH retains it...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Saudi Oil Burn Dips From Record High
...After hitting an all-time high in June, Saudi oil burn dropped by 170,000 b/d in July (see data, p18). While a July drop is unusual, the 1.31mn b/d monthly average was still the second highest July figure on record – behind only 2017’s 1.39mn b/d. Oil burn peaks during the summer when surging de...
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
UK Considers Israel Embassy Move to Jerusalem
...ptember during a meeting at the United Nations. Any such move is likely to draw widespread criticism, especially from the Palestinian Authority, which also heavily criticized Mr Trump’s 2017 decision. It also risks further entrenching tensions with the current US administration and EU states....
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
UAE Nuke Plant Hits 50% Load
...it 2.” Barakah’s four units were intended to start up during 2017-20, but a fake safety certificates scandal in Korea halted Kepco’s work on the first plant to deploy the reactor used at Barakah, delaying operator training and thus operating license awards by three years. With nuclear state regulator FA...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
EOG Enters Omani Upstream
...Oman secured a notable new player in its upstream sector this week, with US firm EOG Resources signing an Exploration and Production Sharing Agreement (EPSA) for Block 36. EOG joins Canada’s Apex, which has been the sole player at the block since Norway’s DNO exited in 2017 after drilling a du...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Taqa Places Moroccan Bond
...al-fired power plant, with combined capacity of 1.356GW, for 17 years from 2017 to 2044 (MEES, 31 January). Taqa says bond placement provides “an opportunity to further optimize its capital structure” and that the PPA extension is “enhancing value by extending the company’s debt repayment profile.” Ta...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
BP Readies Egypt Gas Boost
...BP is preparing to bring online two additional wells on its North Damietta license in the Egyptian Mediterranean. At both the 2017 Qattameya discovery in 108ms water depth (MEES, 30 August 2019), and the Atoll-4 well drilled late last year (MEES, 13 December 2019) “preparation for pr...
Volume: 62Issue: 37Published at Fri, 11 Sep 2020 -
Abu Dhabi $10bn Bond…
...abi mandated BNP Paribas, Citigroup, First Abu Dhabi Bank, HSBC, JP Morgan and MUFG to act as lead managers and joint bookrunners. Abu Dhabi last tapped the international bond market in October 2017 with a $10bn three-tranche issue (MEES, 6 October 2017). ...
Volume: 62Issue: 39Published at Fri, 27 Sep 2019 -
QP, Shell Reaffirm LNG Bunkering Commitment
...Shell CEO Ben van Beurden was in Doha this week for talks with Qatari Minister of State for Energy Saad Sherida al-Kaabi. The pair “signed a Shareholder Agreement today [18 September] to establish a company that would provide global LNG bunkering services.” This follows a 2017 framework ag...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
ENI Egypt Gas Start-Up
...eir North Damietta concession next year with additional drilling at the 300mn cfd Atoll as well as the start-up of the Qattameya field, discovered in March 2017 (MEES, 30 August). The volumes of course pale in comparison to the 21.5tcf Zohr field in the deep offshore Mediterranean which is cu...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Morocco: Minnow Bags Deepwater Block
...2017 without drilling. Morocco enjoyed something of an exploration boom earlier this decade. But of the 10 deepwater wells drilled none found commercial hydrocarbons (MEES, 30 January 2015). ...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
SOCO Hikes Egypt Output
...co’s first quarter in charge. Soco blames “underinvestment… in previous years” for a sustained slump from 7,900 b/d for 2017. It sees a “clear near-term opportunity to reverse the decline and then steadily improve the production level,” targeting 15,000 b/d by 2023. On 16 July Soco added a second dr...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Tunisia Field Hit By Strikes
...plement a set of demands agreed on 20 August. El Borma, the country’s oldest and largest producing oil field, has now been shut-in at least three times by strikes this year. And this came on the back of summer 2017’s wide-ranging strikes that crippled output at Tunisia’s southern fields (MEES, 2 June 2017...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
KRG: Chevron Awards Sarta CPF Contract
...February that various export options implying initial volumes may be temporarily trucked while a spur pipeline is connected to the KRG’s export line to Turkey. Sarta will be the first new field brought online since UAE firm Taqa's Atrush field started production in July 2017 (MEES, 14 July 2017). ...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Kuwait’s KNPC Begins Clean Fuels Commissioning
...om 270,000 b/d to 454,000 b/d and reduce Mina al-Ahmadi’s from 466,000 b/d to 347,000 b/d. KNPC originally aimed for start-up of the CFP in late 2017, but as is often the case in Kuwait the schedule has slipped. The latest official start-up target is by the end of 2019, but slippage to 2020 looks in...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Libya Drilling: Schlumberger Boost
...is included work not only for Agoco but also for fellow NOC subsidiary Sirte Oil and Gas (MEES, 13 October 2017). It is unclear if all of the latest drilling is at Agoco fields. Prior to latest onshore drilling ramp-up, Libya’s only active rig was at Eni’s offshore Bahr Essalam gas-condensate fi...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
First Crude To Aramco Jv Refinery
...ar and will have the option to supply up to 70% of the plant’s crude feedstock (MEES, 3 March 2017). Aramco says that in the longer term the refinery will provide feedstock for an integrated 3.3mn t/y petrochemicals complex. ...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
Dea-Wintershall Agree Merger
...oduction company, with activity in twelve countries across Europe, Latin America, North Africa and the Middle East,” DEA says. Wintershall’s approximately 45,000 b/d net Middle East output comes exclusively from Libya while DEA’s 230mn cfd net output comes from Egypt (MEES, 1 December 2017). Co...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018