- Sort by:
- Score
- Published ▼
-
New Partnership Expands Qatar’s Footprint In The US
...tween Chevron and Phillips 66, says that FID on the petchems facility is expected to be “no later than 2021.” Mr Kaabi is keen to fix this aberration and a move into the US upstream sooner or later looks probable. He told MEES in late 2017 that “We are working on buying upstream assets and reserves in...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Baghdad-Erbil Oil Sharing Dispute Heats Up
...en Mr Abd al-Mahdi was oil minister (MEES, 5 December 2014). The deal didn’t last long as Iraqi funds failed to make their way to Erbil. Relations hit rock bottom when Iraqi Kurdistan voted to secede from Iraq in 2017 (MEES, 29 September 2017), and federal forces retook territories that included 28...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
BP Boosts Tortue Reserves With Drilling Success
...arf even Tortue (MEES, 14 December 2018). However, though BP reckons Greater BirAllah is potentially the biggest of the three planned hubs, at least for the moment Yakaar Teranga is ahead in the development stakes, with two successful wells drilled: Teranga-1 in May 2016 and Yakaar-1 in June 2017, bo...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
Oman Condensate Output At Record Highs
...quids output, the share of condensate continues to grow. Condensate output over the first five months of 2019 is running at a record high of 115,000 b/d, up from 2018’s annual record of 107,000 b/d and 2017’s 86,000 b/d. Conversely, at 856,000 b/d for January-May, crude output is on track for a five-ye...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Egypt Gas: Nour Disappoints
...ads based on the ‘sands play’ of Israel’s Leviathan and Tamar discoveries to the northeast as well as analogues with the ‘Zohr carbonate play’ as based on the seismic (MEES, 31 March 2017). EGYPT: NORTH SINAI EXPLORATION ZOHR: OVERPRODUCTION WARNING Zohr is currently pr...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Egyptian Med: Ha’py Days For Eni As Virgin Acreage Attracts Major Interest
...the Mena Congress in Cairo this week. In its 2017-18 annual report Egas delineated 11 possible blocks that could be put on offer (MEES, 25 January). But the official tells MEES that the state-run firm has changed the shape of the area and the size of some of the blocks with Norwegian firm PGS ha...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Libya’s North Hamada: Development At Last?
...0.2mn (MEES 27 October 2017) – implying that it no longer planned to develop Area 47. However, seemingly under pressure from NOC, it reversed this impairment the following year. That said, with Medco barely mentioning Libya in its results material, it appears to be close to quitting Libya following its re...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Egypt’s Offshore Delta Output: Nooros Boost, Rapid Decline
...end last year despite an increase in output from 1.0bn cfd to 1.17bn cfd at the 2017 Nooros start-up on the Abu Madi West block. The firms’ other four regional blocks – El Temsah, Ras el Bar, Baltim and North Port Said – remain in unremitting decline. Having waned from above 2bn cfd in 2012 to 93...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Tunisia Struggles To Halt Oil And Gas Decline
...18’s 37,700 b/d. But this was the second lowest quarterly figure in the last five decades: it was only lower in 3Q 2017 when protesters forcibly shut in southern fields demanding jobs and development funds (see chart and MEES, 2 June 2017). While the industry ministry sees 2019 output reaching 44...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Egypt: Record Gas Output, Exports At Seven-Year High
...early 2012 to just 38% (1.68bn cfd) by early 2017. Output has since rebounded to 3.94bn cfd for Q1 (60% of Egypt’s total output), with the Q1 2012 record of 4.36bn cfd likely to be topped later this year (see chart). Gas output from the Western Desert, long the country’s second key production ar...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Total To Become Top Algeria Producer In $9bn Oxy Side Deal
...lling. The company’s only stake was 35% of the aging Tin Fouye Tabankort (TFT) wet gas field where output has fallen from a peak of 680mn cfd in 2011 to just 400mn cfd for 2017 – netting Total a measly 15,000 boe/d, three-quarters gas (MEES, 23 March 2018). But from that trough, the company’s Algeria ou...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
QP Enters Argentina
...forts to transform the company through international expansion. QP CEO Saad al-Kaabi said in 2017 that “we are seriously looking at entering Mexico, and we are looking at some of the South American countries” as well as keeping an eye on African opportunities. The firm is also eying US upstream as...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Israel: Energean Bags More Reserves, But More Needed
...x additional wells. ISRAEL’S OFFSHORE GAS FIELDS & PROSPECTS MORE PROSPECTS? Energean was the key winner of Israel’s 2017 bid round, with five blocks (12, 21, 22, 23, 31: (MEES, 24 November 2017). The firm highlights a number of new prospects with the eventual goal of ra...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Oman Gas Bonanza Continues As Total Signs Up To Key Mixed Status Deal
...d for good reason. BP’s ‘mixed status’ Block 61, home of the 1bn cfd Khazzan gas project, has triggered a massive rethink of Oman’s gas sector since starting up in late 2017 (MEES, 29 September 2017). Muscat subsequently managed to bring Petronas on board at Khazzan (MEES, 26 October 2018), in ad...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Egypt’s Molla Promises Record Gas Exports, Damietta Restart
...Thanks to Zohr, Egypt has gone from a major LNG importer in 2016 and 2017 to exports averaging 540mn cfd (9% of output) for October-January. Oil minister Tarek El Molla says volumes have since risen further to 1.1bn cfd. Whilst the latest boost is due in part to demand bottoming out in Ma...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Egypt ‘Zohrs’ Past Libya As Eni’s Top Gas Producer
...tput rose throughout 2018 as Zohr ramped up hitting a record 6.65bn cfd in February (see chart, p19). Having been a major LNG importer in 2016 and 2017, Egypt has again swung to being a net exporter since last October, since when there have been no LNG imports (see box). Zohr production hit its in...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Lebanon Kicks Off Bidding
...dders. Whilst some Arab countries have tentatively reached out to Israel in recent months (MEES, 29 March), and Jordan and Egypt have full diplomatic relations with Israel, Lebanon-Israel ties remain in the deep freeze. Lebanon’s first bid round took several years to close (MEES, 20 October 2017), an...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Soco Plans Egypt Expansion After $207mn Merlon Purchase
...s been on the slide. Production from the concession’s 10 fields averaged 5,692 b/d in Q1 down from 7,900 b/d for 2017. But Soco has ambitious plans to hike output to 15,000 b/d by 2023. The initial focus will be on “offsetting the recent decline and then growing producing through additional drilling an...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Egypt Cuts Receivables Bill Amid Arbitration Threat
...art-up of its 2017 South Disouq discovery in the onshore Nile Delta. SDX says by June it “will complete construction of the central processing facility, the 10km export pipeline” and tie-ins for the four wells drilled at the field. It’s targeting first gas by the middle of this year, plateauing at 50...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Libya: Key BP/Eni And Total Deals Yet To Materialize
...the time, saying it was eying output of around 400,000 b/d by end-2020, while Waha boss Ahmed Ammar in late-2017 talked of eventually reaching 600,000 b/d (MEES, 1 December 2017). But the other partners to the JV (Hess: 8.16%, ConocoPhillips: 16.33%) have shied away from making any investment co...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019