- Sort by:
- Score
- Published ▼
-
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 -
Benchmark Crude Prices ($/B)
...n19 Q2 2019 Q1 2019 Q4 2018 2019 (>26Sep) 2018 2017 20...
Volume: 62Issue: 39Published at Fri, 27 Sep 2019 -
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 -
Iran Scrambles To Plug Budget Deficit
...om the original 2019-20 budget. Some IR100trn ($870mn) on additional funding will come from the sale of state-owned assets, and IR45trn ($391mn) from state foreign currency reserves. As of 2017 Iran had foreign reserves of $130bn according to an IMF estimate, although this figure has likely sh...
Volume: 62Issue: 39Published at Fri, 27 Sep 2019 -
Riyadh’s SWCC Privatization: Desalination And Powergen Assets On The Block
...prove our operational excellence and efficiency” in preparation for privatization (MEES, 19 October 2018). This has seen SWCC output increase as a percentage of total Saudi desalinated water production, rebounding from a minimum of 48% of total output in 2016 to 66% of 2017’s total of 2.46bn m3 in 2017...
Volume: 62Issue: 39Published at Fri, 27 Sep 2019 -
Libya’s NOC Looks To Take Development Inhouse With New Zallaf Subsidiary
...ncession, Occidental is gone (MEES, 10 February 2017), while Marathon announced it sold its Waha stake to Total in 2018 – though this is still disputed by NOC (MEES, 5 April). THE OIL CURSE Oil and gas revenues account for more than 90% of the country’s income. In 2018, these came in at...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Oman: Record Condi Output
...ve to further ease crude production elsewhere to maintain Oman’s compliance with its 970,000 b/d Opec+ oil production commitment. Oman’s condensate output only averaged 86,000 b/d in 2017 but has been driven up by the sultanate’s rebirth as a major natural gas producer (MEES,28 June). Prior to Ra...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Northern Iraq Secures Vital Infrastructure Upgrades
...fensive, causing total federal Iraqi refining output to drop from over 600,000 b/d in 2013 to just under 400,000 b/d by early 2015. Baghdad has since managed to raise refining capacity, with output jumping from an average of 539,000 b/d in 2017 to 718,000 b/d in 2018 but the north has struggled to feel the ef...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Abu Dhabi Eyes Innovative Approach To Energy Transition
...plying total nationwide capacity of 93GW (MEES, 13 January 2017). This is around three times current capacity, hardly boosting confidence in the efforts to improve consumption efficiency and reduce the carbon footprint. These figures imply thermal (mainly gas) capacity rising from 28GW to 35GW by 2050, “cl...
Volume: 62Issue: 38Published at Fri, 20 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 -
Saudi Arabia Jodi Data ('000 B/D): Crude Stocks Fall To New 9-Year Low Even Before Latest Outage
...CHANGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL FIGURES ARE PERCENTAGES. *EXCLUDES FIELD LPG (650-700,000 B/D). **NAPHTHA REFINERY OUTPUT INCLUDED IN ‘OTHER PRODUCTS TO DEC 2017 (479,000 B/D FOR 2017). ^PRESUMES ALL FUEL OIL CONSUMPTION IS BURNT IN POWER PLANTS. SEE AN...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Saudi Arabia Chases Ambitious Downstream Strategy
...come depends on crude oil prices. Aramco’s rising revenues during 2016-18 coincided with rising crude prices. Arab Light averaged $40.96/B in 2016, $52.59/B in 2017 and $70.34/B in 2018. A downturn in Aramco’s revenues for 2019 is likely given that the Arab Light price averaged $66.33/B in first ha...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Saudi Arabia Pushes For Enhanced Gas Role In Energy Transition
...x, with state regulator ECRA’s latest statistics showing that in 2017, gas fueled a record 53.7% of all electricity generation (MEES, 19 April). There is a clear geographic disparity in the kingdom, where liquids have been virtually eliminated from power generation from the eastern and central ar...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Saudi To Push On With ‘Full Cycle’ Nuclear, Probably
...nsions, Saudi Arabia’s desire to control the whole nuclear enrichment process is sure to raise eyebrows. LEADING PLAYER The leading Mena nuclear player is Russian state firm Rosatom, which is set to follow up its plants in Iran with four units totalling 4.8GW in Egypt (MEES, 15 December 2017...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
New Saudi Energy Minister Faces Princely Task
...ngdom’s ministry of energy. For much of that time he has been intimately involved in Saudi Arabia’s work at Opec, forging relationships with counterparts across the globe. Most recently he has been Minister of State for Energy Affairs since 2017. EXPERIENCED HAND From that perspective this is an op...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Egypt Eyes More Borrowing Despite Falling Deficit
...ar ending 30 June. Some $4bn came from a dollar denominated bond in February 2019, with a euro-denominated bond in April chipping in €2bn ($2.5bn). For 2017-18, Egypt raised $6.5bn: $4bn in February 2018 and €2bn ($2.5bn) in April 2018 (MEES, 20 April 2018). Both 2016-17 bonds were in dollars for a to...
Volume: 62Issue: 37Published at Fri, 13 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