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Kuwait Starts Up Key Northern Oil Facility
...thering center in the north of the emirate. GC-31 is one of three gathering centers for which contracts worth $2.3bn were awarded in 2014 (MEES, 11 July 2014). All were initially slated to come online in late 2017, but were delayed. The first two, GC-29 and GC-30 were brought online in 2018, but GC-31’s co...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
Baker Hughes Finalizes Iraq Gas Contract
...sociated gas in Dhi Qar, with an initial contract signed in 2017 (MEES, 21 July 2017). In January, Baker Hughes announced that the contract had been awarded to its Turbomachinery & Process Solutions (TPS) division (MEES, 29 January). The scope of work included design, manufacturing, delivery, construction an...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
Algeria’s Gas Burn Surges Amid Record Power Demand
...ly 2017. Gas accounts for about 99% of Algeria’s power generation capacity, so any power demand increase directly translates into a rise in gas consumption. But a surge in sales gas output this year on the back of a slew of new project start-ups (MEES, 21 May) means any additional domestic demand ca...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
Libya’s Oil Exports: What’s At Stake?
...LER, MEES ESTIMATES. EUROPE STILL DOMINANT To be clear Libya’s key market remains Europe which at 844,000 b/d accounted for three quarters of the country’s exports in the first eight months of the year – its highest share since 2017 according to data intelligence firm Kpler (see chart 1). Mo...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Adnoc Adopts Targeted Approach In Search For Unconventional Partner
...ake in the Upper Zakum offshore oil field, where the partners target 1mn b/d by 2024 (MEES, 17 November 2017). In 2019 the respective CEOs announced that they had discussed “substantial new conventional and unconventional exploration opportunities in Abu Dhabi.” DRILLING EXPANSION Un...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
US Shale Output Tops 8mn b/d, Are The Gains Sustainable?
...d of this month. The last time the Permian DUC count was at 2,000 was in December 2017 when Permian output was just 2.88mn b/d, almost 2mn b/d below current levels. Clearly there is a limit to how long this DUC drawdown can continue. Well drilling and completion (fracking) are carried out by se...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
India LNG Imports: Q2 Sees Record Volumes For UAE, Egypt & USA As Qatar Keeps Top Spot
...16 when the emirate regularly had an 80% market share is long gone. Qatar’ Q2 market share of 33.8% was the lowest on record (see chart 2). India was Qatar’s top LNG market for 2020, with 10mn tons versus 9.1mn tons for number two South Korea (MEES, 5 March). But Korea, which was number one for 2017...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021 -
Adnoc Drilling Hopes October IPO Will Lay Groundwork For Regional Expansion
...main unchanged. This will be the second IPO of an Adnoc subsidiary, following the 2017 partial listing of retail subsidiary Adnoc Distribution (MEES, 1 December 2017). With Adnoc advancing ambitious expansion plans on both the upstream and downstream front, the energy giant has sought new, of...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021 -
Egypt Gas Grows Ever More Dependent On Zohr
...t whilst output has risen every year since its December 2017 start-up, recent problems saw Zohr output slump from the record 2.96bn cfd hit in Q1 2021 to just 2.60bn cfd for Q2 (MEES, 13 August). And even for the 2020-21 financial year, whilst Egypt’s overall gas output grew 6% to 6.55bn cf...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021 -
Algeria’s Oil & Gas Revenues ‘To Hit $30-33bn’ For 2021
...94.8bcm and 94.5bcm set in 2016 and 2017 respectively. Higher output is also translating into higher exports, with first half supplies at 28.8bcm almost double last year’s 15.6bcm. All of this is happening at a time when global gas prices have soared on the back of strong demand and co...
Volume: 64Issue: 35Published at Fri, 03 Sep 2021