- Sort by:
- Score
- Published ▼
-
Algeria Presents Ambitious 2020 Energy Action Plan
...tober 2017). Instead, Algeria would be better served by concentrating on getting its existing conventional oil and gas projects off the ground. On the refining front, the action plan calls for an increase in refining capacity to 35mn t/y by 2024 and boosting products storage capacity from 12 to 30 da...
Volume: 63Issue: 07Published at Fri, 14 Feb 2020 -
Total: Oxy Algeria Talks
...rchasing the stakes, France’s ‘national champion’ would become Algeria’s top foreign producer – a potentially testing prospect for Algeria, which gained its independence from France following a bloody civil war in 1962. Total already has 12.25% of the blocks in question (404a and 208) from its 2017 pu...
Volume: 63Issue: 07Published at Fri, 14 Feb 2020 -
UAE Gets Major Gas Boost With Jebel Ali Discovery
...ll as supplies from Adnoc’s operations in Abu Dhabi, it is contracted to take 730mn cfd through the Dolphin pipeline from Qatar and imports LNG through a 960mn cfd (7.2mn t/y) FSRU. Dubai imported just 770,000 tons (100mn cfd) of LNG in 2018, down sharply from 2.47mn tons in 2017. Dubai’s limited of...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
KBR Bags Key Adnoc Contract
...Dubai (see p2). Eni says it is targeting first gas from the Dalma portion of the project in 2022, with the larger Hail & Ghasha project starting up in 2024. KBR has previously worked at the assets. In 2017 it was awarded a PMC contract for FEED work at the Dalma and Detailed Design and Su...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
BP Key Egypt Project Sees 12-Month Delay
...ree or four years of projects coming in below cost, on budget and, in some cases, ahead of schedule.” IT ALL STARTED SO WELL BP, which holds an 82.75% operator’s stake at WND, announced the start-up of the Phase-1 Libra and Taurus fields in late March 2017 “eight months ahead of start-up sc...
Volume: 63Issue: 06Published at Thu, 06 Feb 2020 -
Iraq Breaks From The Past In Fifth Bid Round
...ES, 22 September 2017). The addition of revenue sharing is new to this round, although cost recovery terms still differ from the production sharing agreement model prevalent elsewhere in the region. Still, the majors’boycotting of the licensing round – with the exception of Eni’s optimistic bi...
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
KRG: Key Fields Set For 2020 Gains
...ate firm Taqa 47.4%op, Canada’s Shamaran 27.6%, KRG 25%) and the Sarsang license (HKN 62%, Total 18%, KRG 20%). Atrush is the newest producing field in Kurdistan, with production only beginning in 2017. It has swiftly become a key producer, and output rose to a record 32,000 b/d last year. This wa...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Oman: Blocks 3 & 4 Finish 2019 In Style
...ocks’ partners, it has to be noted that this comes while Omani output was capped at 970,000 b/d under the Opec+ agreement. Under the initial round of cuts in 2017-18, the blocks’ output was capped at 41,000 b/d (MEES, 20 January 2017), and while the cap was increased minimally in 2019, it is hard to see ho...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Lebanon’s Gas Hopes Kicked Further Down The Road
...other extended political vacuum, the likes of which have had devastating consequences in recent years. Dysfunctional politics was a key reason why the country’s inaugural bid round-launched to considerable IOC fanfare in 2013 (MEES, 17 May 2013) – didn’t see contracts awarded until late 2017 (see ti...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
KRG: Key Firms DNO & Genel Expect Lower Output in 2020
...ck to around 500,000 b/d. But it isn’t always plain sailing. Whilst the region’s first new field startup since 2017 may be just months away, two of the region’s biggest foreign players appear set for output to dip over 2020. Operations reports from Norway’s DNO and Anglo-Turkish firm Genel, which pa...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Chevron To Bag Egypt West Med Blocks As Bidding Canned
...reage. In its 2017-18 annual report, Egypt’s state gas firm EGAS flagged up that the objective of the western Mediterranean offshore region was “to attract major international companies to operate in the region such as ExxonMobil, Statoil [now Equinor] and Chevron.” Two out of three ain’t bad, and begs th...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Qatar Inks Major LNG Contract With Kuwait
...awater were rejuvenated in the first half of 2019 (MEES, 10 May 2019). However, the projects have again been cancelled, with Kuwait Authority for Partnership Projects (KAPP) telling MEES it hopes they will be retendered soon. KUWAIT LNG IMPORTS (MN T/Y) HAVE DIPPED FROM THEIR 2017 HIGH, WHILE QATAR'S MA...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020 -
Iraq Books Record Exports In 2019, Plans To Advance Jordan Pipeline In 2020
...s taken center stage, with widespread accusations of corruption against key ministries including the oil ministry. In any case bureaucratic inefficiencies (among other things) have limited government spending particularly on much-needed infrastructure, enabling Baghdad to run budget surpluses in 2017...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Kuwait Scraps 2020 Target But Minister Reappointment Offers Rare Continuity
...thin the next five years,” so 3.10mn b/d is at least a more concrete target (MEES, 30 August). Underlining the scale of the reduced ambition, this new 2020 target is less than KOC’s capacity in 2017-18 (to end-March), of 3.15mn b/d. Former KOC CEO Jamal Jaafar put capacity even higher at 3....
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
Egypt Oil Output Continues Slump
...While Egypt is being forced to limit its gas output (see above), it is a completely different story for oil , with production falling to 615,000 b/d for October, the sixth consecutive monthly decline to the lowest level since March 2017. Egypt’s official target of reaching 690,000 b/d by June ne...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
Libya’s NOC Clears House With Key End-Year Deals
...tput falls meant its pre-2010 contract remained valid. NOC didn’t. In 2016 it went as far as stopping Wintershall crude exports from Zueitina port (MEES, 3 November). In 2017 NOC chief Mustafa Sanalla said Wintershall was “free to leave” Libya if it didn’t want to sign new terms. And much more re...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Russia’s Tatneft Back In Libya For Seismic
...ab Geophysical Exploration Services Company (AGESCO) to complete 200 km² of seismic in Area 82’s Block 4 which was suspended in 2014. Tatneft was awarded eight exploration blocks (Areas 69, 82 & 98) in Libya in 2005 and 2007 (MEES, 28 July 2017, see map, p2). It struck oil several times, but was fo...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Leviathan: The Giant Stirs
...ypt. For years Noble struggled to get development off the ground. Only in February 2017, more than six years after discovery, did the operator finally go ahead with long-stalled development. The Texas-based firm not surprisingly presented this as a victory. But, in reality, go-ahead only came as a re...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Oman Gets Opec+ Condensate Boost
...opping 157,000 b/d is condensate – 16.2% (see chart). Oman was only producing 80,000 b/d of the higher-value condensate in late 2017 before the startup of BP’s 1bn cfd Khazzan gas project added some 30,000 b/d (MEES, 27 September 2017). The startup of PDO’s $3.7bn Rabab Harweel Integrated Project (RH...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Oman Oil Eyes 2020 IPO
...cidental’s 120,000 b/d Muzkhaizna heavy oil field (20% OOC), and several other projects. “Going forward, you will see more of this trend in Oman – where we take a minority share in upstream projects and partner with foreign operators,” OOC chief Isam Saud al-Zadjali said in 2017, highlighting OOC’s role fu...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019