- Sort by:
- Score
- Published ▼
-
Oman: Blocks 3 & 4 Finish 2019 In Style
...ocks’ partners, it has to be noted that this comes while Omani output was capped at 970,000 b/d under the Opec+ agreement. Under the initial round of cuts in 2017-18, the blocks’ output was capped at 41,000 b/d (MEES, 20 January 2017), and while the cap was increased minimally in 2019, it is hard to see ho...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Lebanon’s Gas Hopes Kicked Further Down The Road
...other extended political vacuum, the likes of which have had devastating consequences in recent years. Dysfunctional politics was a key reason why the country’s inaugural bid round-launched to considerable IOC fanfare in 2013 (MEES, 17 May 2013) – didn’t see contracts awarded until late 2017 (see ti...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Oilfield Services Firms Boosted By Rising Middle East Revenues
...llion dollar awards for work in expanding capacity offshore Saudi Arabia (MEES, 12 July 2019). SERVICES FIRMS REVENUE ($BN): BIG THREE SEE COMBINED REVENUES EDGE UP TO 5-YEAR HIGH $80BN IN 2019 *GE SUBSIDIARY SINCE JULY 2017. SOURCE: COMPANY FILINGS, MEES. MENA BRIGHTSPOT Si...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Suez Canal Rides Us Shale Boom With 2019 Traffic & Revenue Records
...rminal of Ain Sukhna in 2019 (see p6). Southbound oil products shipments of 1.33mn b/d were up on 2018’s 1.28mn b/d and second only to 2017’s all-time high of 1.38mn b/d. Southbound products volume includes a record 94,000 b/d of LPG, with Q4 seeing a quarterly record of 126,000 b/d. But the st...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Saudi Arabia Key Oil Data ('000 B/D): Saudi Crude And Products Exports Fell 1mn B/D Annual In 2019
...CHANGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL FIGURES ARE PERCENTAGES. *EXCLUDES FIELD LPG (650-700,000 B/D). **NAPHTHA REFINERY OUTPUT INCLUDED IN 'OTHER PRODUCTS TO DEC 2017 (479,000 B/D FOR 2017). ^PRESUMES ALL FUEL OIL CONSUMPTION IS BURNT IN POWER PLANTS. SOURCE: JO...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Turkey Planning More Drilling Off Southern Cyprus
...ports, and the government spokesman, implied that Ankara had used nefarious tactics to obtain the data, going as far as also claiming that Eni had colluded with Turkey. Ultimately, the data had been published in 2017 on a government website, then subsequently removed. ...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Qatar Awards First Utility-Scale Solar Project
...0MW (MEES, 29 September 2017), then 700MW (MEES, 10 January), before Doha settled on its current configuration. Qatar did not initially reveal a levelized cost of electricity (LCOE) for Al Kharsaah – a value thought not to reflect true solar project costs (MEES, 22 November 2019) – saying instead the pr...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Mena Cross-Border Power Grid Links: More Theory Than Practice
...ectricity between GCC countries as well as enabling alternative supplies to reduce power outages. But volumes remain puny. GCC countries see use of the grid as an emergency backstop more than a routine occurrence: non-emergency transfers only accounted for more than 50% of transfers for the first time in 2017...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Egypt Tests Sudan Grid Link As Saudi Plans Stall
...velopment as part of Crown Prince Muhammad bin Salman’s ‘Neom’ project (MEES, 27 October 2017). Saudi Arabia was expected to launch an adjusted tender for its side of the link last year, according to local media reports in March 2019, but this has not yet occurred. Of Egypt’s current cross-border li...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Egypt Gas Back On The Rise
...e global market amid suppressed prices (MEES, 20 December 2019). The lion’s share of output comes from the Mediterranean, where output rose to 4.281bn cfd for November. At 64.3% of overall output, this was the highest since March 2014, and nearly double the January 2017 nadir of 37%. The key co...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Borealis To Buy Nova Out Of US Petchems JV
...hylene to feed an existing 400,000 t/y polyethylene plant 120km westward at Bayport and a new 625,000 t/y PE plant alongside the cracker. The cracker is scheduled for start-up in late 2020 (MEES, 31 March 2017). ...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
KRG: Key Firms DNO & Genel Expect Lower Output in 2020
...ck to around 500,000 b/d. But it isn’t always plain sailing. Whilst the region’s first new field startup since 2017 may be just months away, two of the region’s biggest foreign players appear set for output to dip over 2020. Operations reports from Norway’s DNO and Anglo-Turkish firm Genel, which pa...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Chevron To Bag Egypt West Med Blocks As Bidding Canned
...reage. In its 2017-18 annual report, Egypt’s state gas firm EGAS flagged up that the objective of the western Mediterranean offshore region was “to attract major international companies to operate in the region such as ExxonMobil, Statoil [now Equinor] and Chevron.” Two out of three ain’t bad, and begs th...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Crescent Petroleum Focused On Iraq Expansion, Keeps One Eye On Diversification
...escent-KRG relationship has been turbulent, with a long running legal dispute only resolved in late-2017 (MEES, 1 September 2017). Still, Crescent is not deterred. “Even though there are risks, we have been through a lot – whether it is the rise of ISIS, or local issues that all got resolved – and so we...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Egypt’s Cheiron Tipped For Dana Assets
...oject is West El Burullus in the Mediterranean which it purchased from France’s Engie in 2017 (MEES, 19 April 2017). The block contains “two gas and condensate discoveries [which] are currently being developed with an expected first gas delivery in 2020,” the firm says. Output of around 100mn cfd will be...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Israel Scores Gas Diplomacy Breakthrough As Leviathan-Egypt Flows Begin
...is marked the start of Israel-Jordan gas deliveries indicate just how successful Jordan has been at avoiding publicity for the modest imports that began back in 2017. Those initial volumes were of gas from the Tamar field to Jordan’s Arab Potash plant on the Dead Sea. GEOPOLITICAL WIN-WI...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Leviathan Reserves Get ‘Contingent’ Boost
...reserves is the same as for 2P. But the difference is the lack of an approved economic development plan for the “contingent” volumes. Leviathan development only moved forward in early 2017 on the basis of a scaled-back version of what had been dubbed ‘Phase 1’ development: with just four pr...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Korea 2019 Crude Imports: Gulf Down As Usa Soars
...th 387,000 b/d as recently as 2017, have been zero every month since May when US sanctions ‘waivers’ expired (MEES, 28 June). *The Saudi slump in volumes comes despite Aramco last year taking 17% in Hyundai Oilbank, which operates the 650,000 b/d Daesan refinery south of Seoul (MEES, 20 De...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Kuwait Budgets For Mega Deficit In 2020-21
...curate, then it will run up a cumulative $144bn deficit over the seven years to March 2021. Its last budget surplus was $16.5bn in 2013-14. This is particularly problematic as the government has been unable to issue new debt since October 2017 due to legislative gridlock holding up the passage of a ne...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Qatar Inks Major LNG Contract With Kuwait
...awater were rejuvenated in the first half of 2019 (MEES, 10 May 2019). However, the projects have again been cancelled, with Kuwait Authority for Partnership Projects (KAPP) telling MEES it hopes they will be retendered soon. KUWAIT LNG IMPORTS (MN T/Y) HAVE DIPPED FROM THEIR 2017 HIGH, WHILE QATAR'S MA...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020