- Sort by:
- Score
- Published ▼
-
Egypt Gas Output Continues Decline As Minister Eyes Exploration Surge
...ought online in mid-2024 although MEES understands this will only offset natural declines from the project’s remaining gas fields, with output expected to remain at around 200mn cfd. BP’s WND has also been beset with issues since its Phase-1 Libra and Taurus fields started up in 2017, with both th...
Volume: 66Issue: 28Published at Fri, 14 Jul 2023 -
Kuwait Banks On Burgan Boost To Hit 3.2mn B/D
...test target is a downgrade from late-2021’s ambition of hitting 3.5mn b/d by 2025 (MEES, 29 October 2021). The bulk of Kuwait’s crude oil capacity comes from Kuwait Oil Company’s (KOC) operations. KOC capacity peaked at 3.15mn b/d in 2017/18, but slumped to just 2.629mn b/d by 2020/21 (MEES, 22 Oc...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
Oman Gas Reserves Upped 7% To 24tcf
...an’s 54,000 b/d Block 5 (MEES, 21 January). RECORD BREAKING GAS OUTPUT The latest reserves figure is only slightly below the record 25 TCF figure recorded for 2018 following discovery of BP’s giant Khazzan field on Block 61. Khazzan, which started up in 2017, is the centerpiece of Oman’s ga...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
Adnoc Awards Key Contracts For Handling Increased Gas Output
...nterpiece of Adnoc’s gas operations, and is central to its expansion plans. Adnoc Gas operates legacy facilities with 4.75bn cfd combined capacity, while the 1.34bn cfd Habshan 5 plant was inaugurated in 2017, bringing total capacity at the complex to 6.09bn cfd. Petrofac says that “comprising three gas co...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
Eni Looks To Neptune For Algeria Boost; Can It Get Past Mercury?
...ance that average 2024 Touat output will fall well short of the 400mn cfd target plateau figure. Neptune’s core assets were acquired in the $3.9bn purchase of the upstream assets of Engie (formerly Gaz de France, GdF) in 2017 (MEES, 19 May 2017). As part of the deal Engie retained 30% of Touat (ve...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Mauritania: Shell Q4 Wildcat
...two years, indicating the potential for additional wells on its Mauritania acreage or elsewhere. Mauritanian officials say the well will target oil as well as gas, with Block C10 surrounding Mauritania’s to-date only commercial oil discovery, the Chinguetti field which produced from 2006 to 2017...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Japan Crude Imports: Record Mideast Market Share
...untries supplied 96.3% of Japan’s crude and condensate imports, putting this year on track to top last year’s record figure of 94.1% (see chart). *Saudi Arabia alone supplied 40.6%, up not only on 2022’s 38.0% but on the record 40.1% set in 2017, whilst the UAE’s 38.4% is also a re...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Saudi-China Conference Highlights Growing Ties
...e US as the world’s largest importer with 8.40mn b/d in 2017, with volumes soaring further to a record 10.86mn b/d in 2020 as it gorged on cheap oil amid the pandemic. Chinese imports have since dropped but still averaged 10.2mn b/d last year. This has been mirrored in the two countries’ re...
Volume: 66Issue: 24Published at Fri, 16 Jun 2023 -
Iraq Restarts 3mn Barrel Nasiriya Storage Project
...P first began work on the project back in 2015, targeting 2019 start-up. However as with many projects in Iraq it has been subject to lengthy delays (MEES, 27 January 2017). CPP resumed work on 30 May. NNOCD is designed to store crude oil from CNPC’s 140,000 b/d capacity Ahdab and Gazprom Neft’s 80...
Volume: 66Issue: 23Published at Fri, 09 Jun 2023 -
Qatar Q1 Export Flows Normalize As LNG Spot Markets Cool
...gan supplying Bangladesh in 2018 under a 15 year contract to 2033 which was signed in 2017 (MEES, 30 June 2017). This follows previous deals for NFE volumes from 2026, including a 15-year 2mn t/y agreement in November with ConocoPhillips to supply Germany (MEES, 2 December 2022), and a massive 4m...
Volume: 66Issue: 22Published at Fri, 02 Jun 2023 -
Offshore Med & Nile Delta Blues Continue For Egypt Gas Output
...shore Nile Delta, is in even worse shape. Q1’s output of 510mn cfd marked a seven-year low, whilst losses of 3% versus Q4 marked the sixth consecutive quarter on quarter fall to leave output 62% below Q3 2017’s peak 1.36bn cfd (see chart 1). WHAT GOES UP… Back in 2017 the key Ni...
Volume: 66Issue: 21Published at Fri, 26 May 2023 -
Kurdistan’s Khor Mor Gas Expansion Back On Track
...8mn), up from $59mn in the same period last year (see chart 2). This is by far the biggest figure since 2Q 2017’s $707mn, following which an agreement was reached with the KRG in August 2021 to write them off in return for a cash payment and the licenses to two additional exploration blocks (MEES, 1 Se...
Volume: 66Issue: 20Published at Fri, 19 May 2023 -
Kuwait Targets 2030 For Delivery Of $19bn In Megaprojects
...rth Kuwait, mostly from the Raudhatain and Sabriya fields (see map, p3), had hit 600,000 b/d by end 2022, up 37,000 b/d on the 563,000 b/d figure at the end of 2020-21 but still below 2019-20’s 635,000 b/d and the 2017-18 peak of 760,000 b/d. 2022’s gains may well be thanks to the ramp-up of op...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Shell & BP Advance Egypt Drilling As Chevron & Exxon Make Deepwater Splash
...igocene finds in Egypt’s Mediterranean include Eni’s Temsah, where output peaked at 1bn cfd in 2012 but has singe fallen to negligible levels with decommissioning work ongoing. The Miocene, meanwhile, offered up BP’s Atoll field, which came online in late 2017 and produces around 400mn cfd. Shell and pa...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Iran’s Million Barrel West Karun Ambitions Recede Into The Distance
...arded Petropars a $1.3bn contract (MEES, 24 July 2020) to deliver the phase after hopes of bringing foreign IOCs were derailed first by Iran’s protracted and unfavorable contracting offerings in 2016 and 2017 (MEES, 2 September 2016 & MEES, 23 June 2017) before sanctions dealt the final blow. Re...
Volume: 66Issue: 18Published at Fri, 05 May 2023 -
Middle East Replaces Displaced Russian Distillates In Europe
...rrels. Exports to Europe, including via Egypt’s Sidi Kerir storage hub, jumped by nearly 100,000 b/d to 772,000 b/d for Q1 according to data intelligence firm Kpler. This was the highest figure in Kpler data going back to 2017 and accounted for 46% of total Gulf middle distillate exports of 1....
Volume: 66Issue: 17Published at Fri, 28 Apr 2023 -
QatarEnergy’s Overseas Strategy Enters Pivotal Phase
...risk, with the majority of exploration wells ultimately coming up short. But by picking up a large, diversified slate of assets across the globe in partnership with highly proficient firms, QatarEnergy has maximized its chances of picking winners. CEO Saad Sherida al-Kaabi told MEES in late 2017...
Volume: 66Issue: 16Published at Fri, 21 Apr 2023 -
Egypt: Alarming Gas Output Decline Highlighted By Zohr Slump
...tput and that of Zohr are closely aligned and have been since 2019 when the field began ramping up following its late 2017 start-up. And while 2020 saw Egypt implement shut-ins which caused Zohr output to fall to 2.09bn cfd, 2021 rebounded to a record 2.74bn cfd. This was the same year that Cairo and En...
Volume: 66Issue: 15Published at Fri, 14 Apr 2023 -
Prospects For A Prolonged Ceasefire Rekindle Yemen Oil Sector Hopes
...lf neighbours to the north but still attracted IOC interest since the 1980s. Production peaked in 2002 at 457,000 b/d and exports were still in excess of 100,000 b/d up until 2014 (MEES, 15 September 2017). Current output is estimated to be no more than 10,000-15,000 b/d mainly coming from the Ma...
Volume: 66Issue: 15Published at Fri, 14 Apr 2023 -
Oman LNG Exports Soar To New Record Highs
...nfirmed. REVITALIZED GAS SECTOR The surge in Oman LNG exports is largely thanks to the resurgence of the sultanate’s upstream gas sector. The September 2017 start-up of BP’s 1bn cfd Khazzan tight gas development sparked its upstream gas sector and the second phase Ghazeer development brought capacity to...
Volume: 66Issue: 14Published at Fri, 07 Apr 2023