- Sort by:
- Score
- Published ▼
-
Gulf Monarchies Look To Score In Soft Power Premier League
...ampions League performance under Abu Dhabi ownership is the semis in 2015-16. At least this is one stage better than the Qatar Investment Authority (QIA) has managed to achieve since paying $100mn in 2011 for French Ligue-1 club Paris St Germain (PSG). QIA subsidiary Qatar Sports Investments (QSI) has si...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Jordan’s Nepco: An End To Operating Losses?
...ars of 2011-14 when Nepco racked up a cumulative $5.4bn in operating losses (see chart 2). Like many Mena countries, Jordan heavily subsidizes electricity consumption. But unlike most of its neighbors, Jordan’s dearth of domestic energy supplies (Jordan imports some 94% of its energy) means that Nepco pa...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Egypt’s Offshore Delta Output: Nooros Boost, Rapid Decline
...ing finalized by BP and Eni.” The plan is for the field to be developed as a tie-in to the existing Ha’py infrastructure and to “build on BP’s success in the Atoll project” where the firm produces 300mn cfd. The 2011 Salmon discovery, also on the North el Burg offshore license, is “currently under ev...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Tunisia Struggles To Halt Oil And Gas Decline
...ocessing facilities that serve its Cercina, El Hajeb/Guebibba, Rhemoura and Gremda/El Ain concessions, bought from OMV in 2018. Output was 3,900 b/d for Q1, down from 2018’s 4,100 b/d. Mr Feriani hailed the fact that the number of exploration permits granted has reached 30 for the first time since 2011...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Cyprus Says Drill Plans Unchanged
...used us to think a little bit more about the geological concept. It’s led us to think about other development opportunities in Block 10 (MEES, 15 March).” It’s unclear where the minister envisages well number eight. US firm Noble Energy plans an appraisal well at the 4.2tcf 2011 Aphrodite di...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Egypt: Record Gas Output, Exports At Seven-Year High
...pped 1bn cfd for the first time since December 2011. They have likely risen further since, with Egypt’s gas consumption typically bottoming out in March. Though rising domestic demand as summer approaches would normally crimp volumes available for export, continued production gains are of course a co...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Energean Taps Cyprus For Israel Gas Exports
...ospects for Cyprus’ own 4.2tcf 2011 Aphrodite discovery. And Energean will struggle to meet even a modest sales commitment (especially from 2021) based on current reserves and development plans. The recent ‘Karish North’ discovery takes total recoverable reserves to around 3tcf (MEES, 19 April). Ho...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Shell’s Oman GTL Proposal: What’s Changed This Time Around?
...G) are aimed at developing the Gulf’s third gas-to-liquids (GTL) project, a surprising prospect given that the cost of Shell’s Pearl GTL plant in Qatar trebled from $6bn to $18.5bn between 2006 go-ahead and 2011 completion. Shell and Total are holding talks with MOG for a proposed $19bn in...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Iraq Edges Closer To Crucial Seawater Megaproject Deal
...eded for firms to hit their production plateau targets (PPT). In 2010 the oil ministry tapped ExxonMobil’s expertise for a multi-billion dollar Common Seawater Supply Project (CSSP), but the project subsequently fell prey to changing terms, failed negotiations, scandal as Exxon entered the KRG in 2011 (ME...
Volume: 62Issue: 19Published at Fri, 10 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 -
IOCs Face Mixed Picture In The Mena Upstream
...reseeable future. On the gas side of the equation, Total’s regional bets have not fared so well. Output edged up in 2018 to 810mn cfd thanks to the start-up of Algeria’s Timimoun project (see chart 2), but is well down on 2011’s peak of 1.46mn b/d. Wars in Syria and Yemen took their toll on Total’s po...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Tensions Flare As Turkey Drills Off Cyprus
...ach any sort of compromise, with the most recent summit in Switzerland in 2017, the last concerted efforts, failing to reach any sort of deal. Turkey has warned Cyprus about its own drilling activities to the south of the island and has been threatening since 2011, when Noble Energy discovered the 4....
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Iran Threat To Nuke Deal As Exports, Revenues Face Collapse
...ES, 30 November 2011), has been ramping up throughputs and is set to hit full capacity later this month, Reuters reports. But the fact that official Chinese data show overall record crude imports for April despite a heavy maintenance schedule, suggests that at least some of the bumper Iranian vo...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Syria: Oil Products Shortage Heightens Damascus ‘Post-War’ Challenges
...tbreak of war in 2011, and even with hostilities now at a relatively low ebb, economic hardships are continuing to take a massive toll. In particular, a shortage of oil products –gasoline, diesel, LPG and fuel oil – has triggered a nationwide crisis and the government in Damascus is scrambling to save fa...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
Sabic Boosts Transparency Ahead Of Aramco Takeover
...17 slump (see chart). Historical Sabic data does not break out fertilizers and metals before 2015. While total Sabic output reached a record 75.3mn tons in 2018, annual total production had hovered around the 70mn tons level during 2011-17 after regular annual growth previously. Last year Sa...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
Cyprus: Aphrodite First Gas Slated For 2025
...December 2011 (MEES, 12 December 2011), but despite initial optimism it has failed to ignite a wave of industry for Nicosia. Instead, development has been stymied by the field’s location – 160km offshore in 1,750ms of water, straddling the maritime border with Israel – and low demand in Cyprus’ sm...
Volume: 62Issue: 17Published at Fri, 26 Apr 2019 -
Abu Dhabi’s Taqa: Upstream Down Despite Price Recovery, Power Steady
...83bn in 2018, having peaked at $7.57bn in 2012. Last year power and water provided 53.0% of Taqa’s income, and upstream operations contributed 31.3%. This marks a near-reversal from 2011 when upstream’s peak contribution was 44.8% and power and water accounted for 30.2%. Taqa’s results also separate ou...
Volume: 62Issue: 17Published at Fri, 26 Apr 2019 -
Israel: Energean Bags More Reserves, But More Needed
...cm/y processing capacity and 800,000 barrels of oil storage, “leaving a further 3.4bcm/y of spare capacity for additional sales of discovered gas at Karish and the tie back of future discoveries,” Energean says. Karish and the 2011 Tanin discovery were purchased in 2016 for $148mn (plus a share of fu...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Sudan’s Bashir ousted
...rocities committed in Darfur. This is hardly the change that the Sudanese protesters have been clamoring for. Mr Bashir was also the last president to govern a united Sudan, after the south, along with the majority of the country’s oil production, became independent in 2011. Sudan produces around 95...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Tunisia Fuel Hikes Increase Pressure On Government
...rch). Economic malaise has been the norm since the 2011 revolution overthrew dictator Zine al-Abidine Ben Ali (MEES, 16 November 2018). In the years since, inflationary pressures have wreaked havoc with peoples’ purchasing power and the unemployment rate at over 15% has barely moved in the last six ye...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019