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Egypt Power Fuels: Renewables Rising, But Gas Remains Dominant
...24 (MEES, 9 November 2018). In the longer term nuclear capacity will be added to the mix, with four reactors with a combined capacity of 4.8GW due to begin operation at Dabaa on the Mediterranean coast during 2026-29 (MEES, 15 December 2017). ...
Volume: 63Issue: 43Published at Fri, 23 Oct 2020 -
Egypt’s LNG Exports Face Uncertain Future
...ST 13 CARGOES FOR 2020 VOLUMES ARE SET FOR THEIR LOWEST SINCE KEY OFFSHORE FIELDS STARTED UP IN 2017 SOURCE: BP, KPLER, MEES. EGYPT* IS SET TO LOAD JUST 13 LNG CARGOES IN 2020, LESS THAN A QUARTER OF THE 2019 FIGURE *ALL ELNG. ^PRESUMES REMAINING CARGOES AVERAGE 65,000 TO...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Eni’s Zohr Under Threat From Water Infiltration
...ffered “steeper then expected declines” after 2017 start-up (MEES, 15 March 2019), whilst Phase-3 (Raven) has been delayed from late 2019 due to a pipeline snafu (MEES, 7 February). Shell’s key offshore WDDM fields, long the main source of feedstock for the 7.2mn t/y ELNG export terminal at Idku (see ma...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Oman Gas Output To Top 5bn CFD As BP’s Ghazeer Comes Online
...ock’s first phase Khazzan project. The 2017 start-up of Khazzan transformed Oman’s gas fortunes (MEES, 29 September 2017), sparking renewed investment from international majors. All told, Block 61 will now account for more than a quarter of Omani gas and condensate production capacity. “I am de...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Sunny Hill: All Eggs Now In (Delayed) Algerian Basket
...hedule was for September 2022. Though project delays in Algeria are par for the course – the development of Ain Tsila to produce 3.5 bcm/y (340mn cfd) was originally slated for 2017 start-up (MEES, 21 July 2017) – Sunny Hill is particularly exposed to the risk given that it has now quit all of its other oi...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Masdar Wins Big Rooftop Solar
...rget figure for rooftop solar capacity, but introduced energy netting regulations in January 2017 to encourage development of systems up to 5MW (MEES, 15 February 2019). Masdar is involved with France’s EdF in two of the largest regional solar projects: 2GW Al Dhafra in Abu Dhabi for start-up in 20...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Saudi Crude Exports At Ten Year Low
...e Mediterranean terminal of Sidi Kerir. Total Sumed flows to the Mediterranean have dwindled to four-year lows in recent months (MEES, 21 August), and Saudi Arabian volumes are no exception to this trend. At 595,000 b/d in Q3, Saudi exports through the Sumed pipeline were the lowest since 1Q 2017...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
The KRG’s $850mn Oil Arrears Problem
...vestor, but having just missed four months payments, the KRG doesn’t have much credibility. It’s a mess.” Erbil made a similar deal in 2017 with DNO and Genel (as well as the gas-focused Pearl Consortium) which saw the firms take the KRG’s 20% stake in Tawke along with monthly override payments. But, wi...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Turkey’s East Med Drilling Campaign: Politics By Other Means
...le in the wider region. The 2017 collapse of internationally-mediated talks in the Swiss resort of Crans Montana to unite ethnically divided Cyprus also provided a fig leaf for stepping up activity in Cyprus’ waters. LITTLE OFFSHORE EXPERIENCE Until its recent acquisitions of dr...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Apicorp Funding Dubai Solar
...abi’s Masdar and France’s EdF, are Abu Dhabi’s Union National Bank, Saudi-based Islamic Development Bank, Apicorp, France’s Natixis, Germany’s Siemens Financial Services, Korea Development Bank and Canada’s EDC (MEES, 16 June 2017). ...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Lebanon-Israel Talks
...d Russia’s Novatek still bid (and were awarded) Lebanon’s Block 9 in 2017 – though the French giant explicitly noted it wouldn’t drill within disputed waters (MEES, 16 February 2018). The first well is expected early next year following the consortium’s flop in Block 4 earlier this year (MEES, 1 Ma...
Volume: 63Issue: 40Published at Fri, 02 Oct 2020 -
Qatar Powergen Rebounds To New Peak
...ricultural sector, which Qatar has sought to build up in response to the ongoing economic embargo. Food security has long been an area of concern for the government and the embargo made it more acute. Government statistics show that agricultural output has increased significantly since 2017. STRATEGIC DE...
Volume: 63Issue: 40Published at Fri, 02 Oct 2020 -
EOG To Bring ‘Unconventional’ Know-How To Oman’s Upstream
...teral well. It says the Rhuddanian sand “is hydrocarbon bearing” in two of Block 36’s previously drilled wells – Al Hashman-1 and Burkanah-1. The Canadian firm flagged up further cause for optimism based on an analogous “discovery in a nearby block made in late 2017 and currently under development.” Th...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
UAE Nuke Plant Hits 50% Load
...it 2.” Barakah’s four units were intended to start up during 2017-20, but a fake safety certificates scandal in Korea halted Kepco’s work on the first plant to deploy the reactor used at Barakah, delaying operator training and thus operating license awards by three years. With nuclear state regulator FA...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
OPEC At 60: Much Achieved, More Still To Come
...not an exhaustive list, but underscores some of what has been accomplished through cooperation over the decades. The most recent demonstration has been through the Declaration of Cooperation (DoC) that helped restore balance, stability and confidence to the oil market in 2017-19, following the do...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Adnoc $1bn Sell-Off
...cember 2017 with a 10% flotation (MEES, 16 February 2018). Following this week’s placement, 20% of Adnoc Distribution is now listed on the Abu Dhabi stock exchange. Adnoc retains 80%. Adnoc CEO Sultan al-Jaber says the firm’s fuel sales subsidiary “has delivered solid business results and de...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
EOG Enters Omani Upstream
...Oman secured a notable new player in its upstream sector this week, with US firm EOG Resources signing an Exploration and Production Sharing Agreement (EPSA) for Block 36. EOG joins Canada’s Apex, which has been the sole player at the block since Norway’s DNO exited in 2017 after drilling a du...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Taqa Places Moroccan Bond
...al-fired power plant, with combined capacity of 1.356GW, for 17 years from 2017 to 2044 (MEES, 31 January). Taqa says bond placement provides “an opportunity to further optimize its capital structure” and that the PPA extension is “enhancing value by extending the company’s debt repayment profile.” Ta...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Morocco Renewables Plans Get Wind In Their Sails
...e blades for the turbines from its Tangier factory built in 2017. Siemens Gamesa has so far installed 856MW worth of wind capacity across eight separate projects in Morocco. It is also currently in the final stages of completing the MD2.5bn ($260mn), 180MW Midelt wind farm, which forms the first st...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Saudi Arabia: Oil Demand Up, Oil Exports Up
...ude burn figure was the highest since September 2017, when the kingdom burned 660,000 b/d of crude. As well as the more pronounced seasonality, more crude was also likely required to replace associated gas, production of which has fallen alongside crude oil. Meanwhile domestic consumption of fuel oi...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020