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South Sudan Gets Stay Of Execution
...peline to all Southern crude oil (MEES, 30 August). South Sudan broke off from Sudan in July 2011, taking with it around three quarters of the former Sudan’s 450,000 b/d oil output. But the South is dependent on Sudan for exports: the pipeline to Port Sudan is South Sudan’s only link to in...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Libyan Oil Output In Freefall As Chaos Spreads
...the Sharara and Elephant oil fields and choking off oil exports. National Oil Corporation (NOC) Chairman Nuri Berruien tells MEES that oil output for the first four weeks of August averaged just 630,000 b/d, the lowest since November 2011 – the immediate aftermath of the capture of Sirte an...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Iraq Shake-Up: CNPC Enters West Qurna-1; Shell Slammed Over Majnoon
...nce 2011, when it was given an ultimatum to choose between its upstream deals with the semi-autonomous Kurdistan Regional Government (KRG) investment in federal Iraq. The deal with CNPC suggests that Baghdad has relented and is willing to allow ExxonMobil to carry on at West Qurna-1, rather than ri...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Saudi Arabia Stems Domestic Oil Demand Growth
...amco said in its annual review for 2012 that it provided 3.924 tcf of raw gas to gas plants, an increase of 8.3% over 2011 and the single largest rise in its history, as the kingdom’s first non-associated Karan gas field entered into production. More significant for gas will be the start-up...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Competition Heats Up Over 2.8Mn B/D West Qurna-1
...2011. Baghdad then warned the US firm had to choose between its investment in federal Iraq and the KRG. Exxon’s KRG investment exacerbated already tense Iraqi political relations, catalyzing Washington to engage closer with Iraqi energy matters (MEES, 1 March). However, as yet Baghdad ha...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
Former Algerian Minister Latest Casualty In Widening Oil Corruption Scandal
...nventional oil and gas fields after yet another dismal international auction in 2011, when only two of 10 blocks were awarded, one of which to Sonatrach. But Mr Yousfi, who took over in the midst of the Sonatrach scandal, has had to cope with the fallout that ensued, including senior staff changes wi...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
Protests Suffocate Libyan Oil Production
...tput stood at around 750,000 b/d, the first sub-1mn b/d monthly average since December 2011. There is no sign of any resolution to the crisis. State-owned NOC is yet to declare Force Majeure, but notes one trader: “Before NOC was saying, it would take a week to sort out, now it is clear they ha...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Lukoil Looks At Kirkuk Development
...0,000 b/d, it fell to 300,000 b/d by May 2011, and now is thought to have dipped below 250,000 b/d. The falls alerted state-owned NOC of the necessity to bring in outside expertise. Service firms Schlumberger and Baker Hughes were contacted in mid-2011 and exploratory talks with BP began in the be...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
230,000 B/D Garraf Joins List of Delayed Iraqi Projects
...late 2011/early 2012, causing a delay of at least two years to the original 2015 phase 1 start-up (MEES, 26 March 2012). Current project manager, CH2M Hill believes it can still make the 5.2mn b/d phase 1 start up by 2017 (MEES, 22 March), but most Iraqi oil investors are skeptical. A high pr...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Wintershall Set To Explore Shuweihat As IOCs Help Abu Dhabi Boost Gas Production
...eathing tanks. Three workers had previously died from hydrogen sulfide at the Shah oil field on the same site (MEES, 4 April 2011). Unlike Shah – which is isolated in a mostly unpopulated quarter of Abu Dhabi’s desert – Bab is near heavily populated areas such as the Habshan gas processing hub. Sh...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
US Mulls Further Tightening Of Iran Sanctions Screw
...porting oil from Iran. Washington in December 2011 passed legislation cutting off access to the US financial system for foreign financial institutions involved in oil trade with Iran, unless their home countries were given a waiver by committing to reduce oil import volumes from Iran. Each im...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Oryx Aims For 200KBD
...e KRG capital of Irbil, brings together Oryx (65%), the KRG (20%) and Korea’s state-owned KNOC (15%). Oryx was undeterred by what KRG oil sources describe as a very high signature bonus, when it fought off stiff competition to take over Hawler operatorship from Norbest in August 2011. Development ha...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
Desperate Iran Scrambles For Oil Revenues
...ter discussions between Delhi and Tehran to find an alternative means proved fruitless. India had, since July 2011, been paying in euros to clear around 55% of its purchases of Iranian oil through Turkish Halkbank, while the remaining 45% was remitted in rupees through the Calcutta-based UCO ba...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
Blast Shuts Egypt-Jordan Pipeline
...oups. It was not clear who was responsible for the sixteenth attack on the pipeline since the overthrow of Mubarak in January 2011, albeit the first since last July. Sinai Islamist groups have recently targeted the Egyptian army, raising speculation that the attacks were a reaction to the ou...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Iran Condemns Mounting Western Oil Sanctions
...om using oil as a political weapon; so the West should have done the same, he says. “Unfortunately, political interference in the Middle East has brought instability to the region… Since 2011, unilateral sanctions have been placed on Iran by Europe and the US,” the minister said, according to...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Investors Hope For Oil Sector Reform In Wake Of Cairo Coup
...rm, Vegas Oil, following the 25 January 2011 revolution. Hope Of New Beginning However, there were high hopes among oil investors that the exit of the Muslim Brotherhood government might allow Egypt to open a new and more positive chapter. “I have to say there is a feeling of relief…of bu...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Ex-Qatar PM Leaves QIA
...estions remain unanswered as to QIA’s role in riskier regional markets – such as Egypt, where the overthrow of Qatar-backed former president Muhammad Mursi threatens to throw Qatar’s Egyptian strategy widely off course (see p11). Increased Shell Stake? QIA began an energy buying spree in 2011...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
South Sudan Crude Exports Resume, For Now
... SUDAN & SOUTH SUDAN South Sudan Crude Exports Resume, For Now South Sudan has shipped its first three cargos via Sudan since 2011, but a lack of concrete progress in talks aimed at defusing the most recent North-South dispute has raised fears of a second Southern sh...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
South Tunisia Gas Development Close To Go-Ahead Despite ENI Departure
...y operator in the south of the country – last month started development work at Nawara and is also looking at first volumes from 2016. Proposed Nawara volumes were doubled in late 2011 to accommodate the feed-in of the Cherouq discovery following OMV’s February 2012 takeover of US firm Pioneer’s Tu...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
KRG Drops Turkish Six-Block Bombshell; Disputed Areas Included
...nguard of the rush north with a six block mega-deal in late 2011. ‘Major Bilateral Energy Deal’ The deals were confirmed the following day by Kurdish Natural Resources Minister, Ashti Hawrami, who also said they were part of a wider Turkish-KRG energy deal, which includes direct KRG-Turkey pi...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013