- Sort by:
- Score
- Published ▼
-
Oxy Hits Payday In Oman
...US independent Occidental (Oxy) is optimistic about the prospects at its Block 65 asset in northern Oman. Oxy was awarded Block 65 in Oman’s 2017 licensing round (MEES, 21 December 2018), with the asset lying in a crescent of acreage being developed by the firm running across the north of the su...
Volume: 66Issue: 32Published at Fri, 11 Aug 2023 -
Egypt Braces For Prolonged Power Cuts
...ypt’s Electricity Ministry. Fuel oil imports though increased before that, rising to 237,000 tons (1.57mn barrels) for the week beginning 17 July, the highest in Kpler data going back to 2017. This coincided with the beginning of the power cuts. Last year Egypt ramped-up fuel oil burn, as it ma...
Volume: 66Issue: 31Published at Fri, 04 Aug 2023 -
KRG Begins Baghdad Mandated Crude Supplies
...mplex in Erbil. The 60,000 b/d ‘Nineveh refinery’ portion of the refining complex is typically contracted by the ministry of oil to refine Kirkuk crude produced by North Oil Company (NOC), as part of an arrangement first agreed in 2017 (MEES, 24 February 2017). The remaining 90,000-100,000 b/d ‘KAR-1’ an...
Volume: 66Issue: 30Published at Fri, 28 Jul 2023 -
Al Zour Emerges As Qatar’s VLSFO Supplier Of Choice
...th the International Maritime Organization’s 2020 regulation.” Qatar had earlier been forced to quickly develop its bunkering capabilities following the start of the embargo imposed on it by neighboring states between June 2017 and January 2021, with Qatari vessels prohibited from calling at Fu...
Volume: 66Issue: 30Published at Fri, 28 Jul 2023 -
Egypt Blackouts Led By Heatwave, Gas Shortages
...capacity installed in 2018 key to transforming Egypt’s fortunes (MEES, 27 July 2018). These plants were brought online as Cairo’s own gas output was undergoing a resurgence thanks to the December 2017 start-up of the giant 21.5tcf Eni-operated Zohr gas field. Zohr supplies enabled Egypt to ha...
Volume: 66Issue: 30Published at Fri, 28 Jul 2023 -
Kuwait’s Four Year Government Program Gets Little Support
...d 2021/22 (to 31 March 2022), but since September 2017 the government has been unable to raise debt to finance these deficits as parliament has repeatedly blocked the passage of a debt law allowing state borrowing. MPs have largely cited their opposition to the law by saying that instead of bo...
Volume: 66Issue: 30Published at Fri, 28 Jul 2023 -
Egypt Gas Output Continues Decline As Minister Eyes Exploration Surge
...ought online in mid-2024 although MEES understands this will only offset natural declines from the project’s remaining gas fields, with output expected to remain at around 200mn cfd. BP’s WND has also been beset with issues since its Phase-1 Libra and Taurus fields started up in 2017, with both th...
Volume: 66Issue: 28Published at Fri, 14 Jul 2023 -
Kuwait Banks On Burgan Boost To Hit 3.2mn B/D
...test target is a downgrade from late-2021’s ambition of hitting 3.5mn b/d by 2025 (MEES, 29 October 2021). The bulk of Kuwait’s crude oil capacity comes from Kuwait Oil Company’s (KOC) operations. KOC capacity peaked at 3.15mn b/d in 2017/18, but slumped to just 2.629mn b/d by 2020/21 (MEES, 22 Oc...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
Oman Gas Reserves Upped 7% To 24tcf
...an’s 54,000 b/d Block 5 (MEES, 21 January). RECORD BREAKING GAS OUTPUT The latest reserves figure is only slightly below the record 25 TCF figure recorded for 2018 following discovery of BP’s giant Khazzan field on Block 61. Khazzan, which started up in 2017, is the centerpiece of Oman’s ga...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
Adnoc Awards Key Contracts For Handling Increased Gas Output
...nterpiece of Adnoc’s gas operations, and is central to its expansion plans. Adnoc Gas operates legacy facilities with 4.75bn cfd combined capacity, while the 1.34bn cfd Habshan 5 plant was inaugurated in 2017, bringing total capacity at the complex to 6.09bn cfd. Petrofac says that “comprising three gas co...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
Eni Looks To Neptune For Algeria Boost; Can It Get Past Mercury?
...ance that average 2024 Touat output will fall well short of the 400mn cfd target plateau figure. Neptune’s core assets were acquired in the $3.9bn purchase of the upstream assets of Engie (formerly Gaz de France, GdF) in 2017 (MEES, 19 May 2017). As part of the deal Engie retained 30% of Touat (ve...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Mauritania: Shell Q4 Wildcat
...two years, indicating the potential for additional wells on its Mauritania acreage or elsewhere. Mauritanian officials say the well will target oil as well as gas, with Block C10 surrounding Mauritania’s to-date only commercial oil discovery, the Chinguetti field which produced from 2006 to 2017...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Japan Crude Imports: Record Mideast Market Share
...untries supplied 96.3% of Japan’s crude and condensate imports, putting this year on track to top last year’s record figure of 94.1% (see chart). *Saudi Arabia alone supplied 40.6%, up not only on 2022’s 38.0% but on the record 40.1% set in 2017, whilst the UAE’s 38.4% is also a re...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Saudi-China Conference Highlights Growing Ties
...e US as the world’s largest importer with 8.40mn b/d in 2017, with volumes soaring further to a record 10.86mn b/d in 2020 as it gorged on cheap oil amid the pandemic. Chinese imports have since dropped but still averaged 10.2mn b/d last year. This has been mirrored in the two countries’ re...
Volume: 66Issue: 24Published at Fri, 16 Jun 2023 -
Iraq Restarts 3mn Barrel Nasiriya Storage Project
...P first began work on the project back in 2015, targeting 2019 start-up. However as with many projects in Iraq it has been subject to lengthy delays (MEES, 27 January 2017). CPP resumed work on 30 May. NNOCD is designed to store crude oil from CNPC’s 140,000 b/d capacity Ahdab and Gazprom Neft’s 80...
Volume: 66Issue: 23Published at Fri, 09 Jun 2023 -
Qatar Q1 Export Flows Normalize As LNG Spot Markets Cool
...gan supplying Bangladesh in 2018 under a 15 year contract to 2033 which was signed in 2017 (MEES, 30 June 2017). This follows previous deals for NFE volumes from 2026, including a 15-year 2mn t/y agreement in November with ConocoPhillips to supply Germany (MEES, 2 December 2022), and a massive 4m...
Volume: 66Issue: 22Published at Fri, 02 Jun 2023 -
Offshore Med & Nile Delta Blues Continue For Egypt Gas Output
...shore Nile Delta, is in even worse shape. Q1’s output of 510mn cfd marked a seven-year low, whilst losses of 3% versus Q4 marked the sixth consecutive quarter on quarter fall to leave output 62% below Q3 2017’s peak 1.36bn cfd (see chart 1). WHAT GOES UP… Back in 2017 the key Ni...
Volume: 66Issue: 21Published at Fri, 26 May 2023 -
Kurdistan’s Khor Mor Gas Expansion Back On Track
...8mn), up from $59mn in the same period last year (see chart 2). This is by far the biggest figure since 2Q 2017’s $707mn, following which an agreement was reached with the KRG in August 2021 to write them off in return for a cash payment and the licenses to two additional exploration blocks (MEES, 1 Se...
Volume: 66Issue: 20Published at Fri, 19 May 2023 -
Kuwait Targets 2030 For Delivery Of $19bn In Megaprojects
...rth Kuwait, mostly from the Raudhatain and Sabriya fields (see map, p3), had hit 600,000 b/d by end 2022, up 37,000 b/d on the 563,000 b/d figure at the end of 2020-21 but still below 2019-20’s 635,000 b/d and the 2017-18 peak of 760,000 b/d. 2022’s gains may well be thanks to the ramp-up of op...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Shell & BP Advance Egypt Drilling As Chevron & Exxon Make Deepwater Splash
...igocene finds in Egypt’s Mediterranean include Eni’s Temsah, where output peaked at 1bn cfd in 2012 but has singe fallen to negligible levels with decommissioning work ongoing. The Miocene, meanwhile, offered up BP’s Atoll field, which came online in late 2017 and produces around 400mn cfd. Shell and pa...
Volume: 66Issue: 19Published at Fri, 12 May 2023