- Sort by:
- Score
- Published ▼
-
Kuwait Gets Light Oil, Gas Boost Despite More Political Turbulence
...tra Light (38°API, 1.2% sulfur). Thailand’s PTT is a key buyer of Qatar Land whilst Japanese refiners are the key customers for the other two grades taking 580,000 b/d of Arab Extra Light and 296,000 b/d of Das Blend in the first eight months of 2017. Kuwait currently has just one export grade, 31°AP...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Kufpec Hit From Bongkot Sale Collapse Overshadows LNG Start-Up
...aving Kufpec even further from its 2020 target of 200,000 boe/d. It’s 2017 output without Bongkot (the purchase of which was to have been backdated) is now set to be just 82,000 boe/d (see chart). Kufpec’s attempts to buy its way to output growth with backdated purchases saw it recently agree to pa...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Egypt Gas Output Set To Hit 5-Year High By Year-End
...an the Russian state firm will have to contribute some $1.2bn towards development, which comes to more than it has paid for the stake. ZOHR PRODUCTION PROFILE: ENI FLAGSHIP ALMOST READY FOR START-UP *OFFICIAL START-UP (1BN CFD FROM 6 WELLS) SLATED FOR ‘END 2017,’ 14 ADDITIONAL WELLS ARE SL...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Libya Gives Up On Output Target Amid $126bn Losses But Hopeful On Exploration
...ars, while NOC has received only 25% of its 2017 budget, he says. Lack of cash has compounded the losses: the NOC chief claims that on a recent day output was 90,000 b/d lower than it would have been due to a lack of money, without specifying which fields he was referring to. Despite these ch...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
East Med Gas Development: Hang Together Or Hang Separately
...ock in the second half of next year. By then – given that Eni plans two late 2017/early 2018 wells across its blocks, and that (barring discoveries) there is no drilling planned after this – by late 2018 either a new chapter will be opening in East Med gas, or the Cypriot one will be close to closing (se...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Cyprus Drilling Plans: Make Or Break?
...the existence of a ‘Zohr-like’ carbonate reservoir offshore Cyprus is “very promising.” In plain English it was a flop. Previous drilling had focused on sandstone plays resulting in Aphrodite, Cyprus’ only discovery to date, and the nearby Israeli Tamar and Leviathan. Of the five planned 2017...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
BP Start-Up Of 1Bn Cfd Khazzan Field Gives 20% Boost To Oman Gas
...oduction deal (see p7). Oman produced 7.08bcm of associated gas in 2016, which MEES calculates accounted for 18% of total output after subtracting imports from Qatar. But after eight months this is on track to slip to 6.86bcm in 2017, dragging down total gas output. Meanwhile, non-associated gas is up sl...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
BP Gets Gulf Gas Boost
...lf of 2017, implying 260mn cfd net for BP. Output from the three firms’ other key project, In Amenas is also running at multi-year high levels having finally recovered from a 2013 terrorist attack. However, here Sonatrach keeps all of the gas production (830mn cfd for H1 2017), leaving BP and Statoil to...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Algeria Oil Output At 14-Year Low, Gas Exports Slump
...Algeria's oil output was just 1.551mn b/d in July, the lowest figure since 2003. Algeria’s crude output fell to just 1.065mn b/d in July 2017, the lowest since September 2003, whilst NGLs output, at 486,000 b/d, was at its lowest since December 2013, according to official figures su...
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
US Growth Revised Down As Rig Count Falls
...rch 2015’s record of 5.67mn b/d this month, although August projections had it achieving this last month. This was due to downward revisions to 2017 output from the Eagle Ford shale formation of southern Texas which was hit by Hurricane Harvey late last month (though the downgrades are also to pr...
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
War-Torn Yemen Maintains Steady Crude Exports; China, Thailand The Key Buyers
...men is currently tendering and exporting 2mn barrels of Masila crude every two months, figures that imply exports of about 33,000 b/d – actually somewhat less than the 48,000 b/d since the start of 2017 as implied by the Chinese and Thailand import stats. The two countries have also historically been Ye...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Oman Looks To Bid Round For Exploration Boost
...Oman hopes its stability will attract investors for its 2017 bid round. Last year’s effort was a flop. Oman’s Ministry of Oil and Gas (MOG) is offering four exploration blocks in north-central Oman in a tender slated for 20 September launch. Blocks 47, 51, and 65 are considered pr...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Oman Ties Up Ammonia Cash
...corporate anhydrous liquid ammonia technology licensed from Germany’s Linde. Construction will begin in fourth quarter 2017 with a view to plant start-up in 2020. While this size of ammonia plant would normally require 30mn cfd of gas feedstock, SMC says it can reduce the methane need by utilizing hy...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Rosneft At Vanguard Of Russian Firms’ Mena Advances
...so included Trafigura, bought out 98% of India’s Essar Oil for $13bn. Rosneft has 49% of the company. Essar imported an average 151,000 b/d from Iran in the first seven months of 2017 according to Reuters, down 5% from the same period last year, some 42% of its total crude slate. India is Iran’s se...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017 -
KRG Gets Creative In Bid To Boost Investor Confidence
...G.” Booked receivables fell $32mn to $58mn during the first half of 2017. Genel meanwhile put its end-2016 KRG receivables at $253.5mn. The KRG’s hefty receivables tab and uncertainty over how it would be able to pay it off was a major disincentive to IOCs considering investing in the region. Af...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017 -
Aramco Receives Bids For Hawiyah Gas Plant Expansion, Targets Gas Supply Boost
...velopment. Whether increased gas availability is contributing to reduced Saudi burning of liquids in power plants is a moot point. Certainly direct crude burning is declining: first half 2017 direct burn was 424,000 b/d, down 50,000 b/d on H1 2016. MEES forecasts that Saudi crude burning will average 44...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Saudi Raises $3.5bn Sukuk
....4bn at end-2016, according to the finance ministry’s Debt Management Office. Saudi Arabia is on track to cut its budget deficit in 2017. Actual numbers from the finance ministry show a deficit of $19.4bn in the first half of the year, which on a pro-rated basis would rise to $39.1bn for the full ye...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Algeria Pushes For Late-2017 Gas Start-Ups
...Cash-strapped Algeria is hoping to start up key gas projects, and boost revenue, before the end of 2017 with over 10bcm/year set to be added by mid-2018. Algiers has announced a new timetable for the long delayed South West Gas Project (SWGP), a series of field developments on which the co...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Libya’s Oil Production Gains May Flatter To Deceive
...bya’s oil sector since late 2014 did not give much reason for hope. Prior to 2017, the last time that oil output had exceeded 600,000 b/d was in the first half of April 2015; the last time that it averaged more than 600,000 b/d over the course of a month was in November 2014. The figures for 2017 ha...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017 -
Iran Bags Changuleh Oil Field Studies, Qualifies More Local JV Partners
...16 Study South Azadegan & Cheshmeh Khosh PNOC (Philippines) May 2017 Study Pazanan and Darkhovin Gazprom (Russia) May 2017...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017