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Thailand LNG Imports: Qatar Threatened By Malaysia, USA
...-year. But Qatar has rapidly been losing market share. From 60% in 2017, Qatar’s share fell to 46% in 2018, 38% in 2019 and 31% in 1H 2020. And it was just 23.4% for Q2, the second lowest quarterly figure since 2013. *Also for only the second time in seven years, Qatar lost top supplier sp...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iran: Local Firm To Develop Yaran Field Iran: Local Firm To Develop Yaran Field On Iraq Border On Iraq Border
...ES, 15 July 2016), but subsequent sanctions from the Trump Administration warded off foreign interest and forced the cancellation of already penned agreements – most notably Total’s (and CNPC’s) $4.8bn South Pars phase-11 deal (MEES, 7 July 2017). IRANIAN EFFORT For years, Yaran has be...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Israel’s Delek Drilling Eyes $2.5bn Leviathan RBL Facility
...ble and Delek have struggled to overcome geopolitical headwinds to fulfill the field’s full potential. It took seven years from 2010 discovery before FID was finally taken in 2017. And this was for a greatly scaled back 12bcm/y (1.2bn cfd) development, little more than a third of planned 3.2bn cfd ou...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Aramco Shakes Up Downstream Operations
...cal industry and the grid (MEES, 3 July). Aramco has announced a plan to seek a license to sell electricity directly (MEES, 20 October 2017). ...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Tunisian PM Resigns
...ly blocked the main oil pumping station at Kamour, threatening output losses from the south. The protestors say the government must live up to a 2017 agreement which promised investment and jobs in the region’s oil industry (MEES, 26 June). ...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Qatar Crude Exports Remain Firm As Neighbors Make Deep Cuts
...ws. That Qatar has been under an embargo from Saudi Arabia, UAE and Bahrain since June 2017 is an added dimension that won’t be lost on any of its neighbors (MEES, 9 June 2017). The friction between Qatar and Opec’s dominant forces undoubtedly played a key role in Qatar’s 2018 decision to quit Opec (ME...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Tethys Oil Expands In Oman With Extra Southern Block
...opted a similar strategy with blocks 49 and 56. Tethys acquired a 100% interest EPSA for Block 49 as part of Oman’s 2017 bid round, launching a 3D seismic campaign a year later (MEES, 14 December 2018). Per its Q1 report, Tethys says there have been no changes to 2020 plans to commence drilling – the 4,...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Israel Gas Market: Competition Heats Up, Litigation Abounds
...21 to sell the remainder of its current 22% stake (MEES, 30 June 2017). At Leviathan they have 39.66% and 45.34% respectively (see charts). This gives Noble, and especially Delek, a strong incentive to favor sales of gas from Leviathan over Tamar. Noble and Delek collectively have 47% of Tamar, ri...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Taiwan Crude Imports: Total & Mideast Volumes Stay Low
...cluded 236,000 b/d from Saudi Arabia, just above the quarterly low set in 2017. Saudi 1H 2020 volumes of 266,000 b/d were down 10% year-on-year despite record monthly arrivals of 475,000 b/d in February. Given the size of the overall fall in volumes, supplier countries chalking up sizable gains this ye...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Saudi Plans World-Beating $5bn ‘Green Hydrogen’ Project For Neom Future City
...abia’s now-Crown Prince Muhammad bin Salman to great fanfare in 2017 with a $500bn price tag (MEES, 27 October 2017). Whether it ever comes close to achieving its grandiose aims is unclear, but there is at least now movement towards developing innovative industries at the site. No-one can accuse Neom of...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Iran Exports: Gas & Petchems Become Key Revenue Streams As Crude Falters
...Since 2018, Iran’s economy has suffered as US sanctions caused Iranian crude and condensate exports to collapse. Oil and gas revenues brought in just $8.9bn for the last Iranian calendar year (March 2019-2020), versus $27.8bn in 2017-2018 – the last year before the renewed sanctions took ef...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Adnoc Shuts Onshore Bab Field For Maintenance
...the latest 370,000 b/d figure indicates that it was running around 50,000 b/d below capacity prior to shut-down. Adnoc is working to expand capacity at Bab from 420,000 b/d to 450,000 b/d under a contract awarded in 2017 to CPECC, the engineering subsidiary of Chinese state firm CNPC (MEES, 17 No...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Oman LNG Exports Dip In 1H 2020 Ahead Of Capacity Expansion
...rean buyers holding the rest). Production jumped from 8.60mn tons in 2017 to 10.4mn tons in 2018 – matching nameplate capacity – and last year the firm’s three LNG trains produced a record 10.7mn tons. “We reaped the rewards from investments in rejuvenation, debottlenecking, and the power project,” oi...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Energean Retains East Med Focus In Cut-Price, Cut-Scope Edison Deal
...9bcm/y Reggane, which started up in December 2017 (MEES, 22 December 2017), and Norwegian North Sea discoveries – were ones for the future, Abu Qir is in steep decline. Abu Qir output (100% Edison) was 45,500 boe/d (225mn cfd gas and 5,500 b/d condensate) for 2019. This is well down from 270mn cfd in 2017...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Aramco Committed To Crude-to-Chemicals But Delays Development Decision
...chnologies with a cracker (MEES, 1 December 2017). CRUDE OIL TO CHEMICALS CONCEPT SOURCE: MEES. ...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Egypt’s Economy & Energy Sector Reel From Covid-19
...rch alone, and a further $3bn in April and $1bn in May, to end the first five months at just $36.0bn, down almost $10bn on the start of the year and the lowest figure since 2017 (MEES, 12 June). The end-May figure would have been lower were it not for the mid-month receipt of $2.77bn in emergency IM...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Saudi Sees Rare Trade Deficit As Oil Earnings Collapse
...venues therefore dropping steeply to $3.5bn, their lowest level since September 2017, oil’s share of the mix remained high at 64.7%. RECORD HIGHS, RECORD LOWS April was in some ways a triumphant month for Saudi Arabia. As the previous-Opec+ production restrictions disintegrated, state en...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
US Oil Stocks* Hit All-Time High As Demand Collapses
...JUNE) AND MAY DIFFER. SLIGHTLY FROM THE YET-TO-BE-PUBLISHED OFFICIAL END-MONTH FIGURES. **26 JUNE CRUDE STOCKS ARE JUST BEHIND MARCH 2017 (538.6MN BARRELS) AS THE HIGHEST END-MONTH FIGURE ON RECORD BUT 19 JUNE SET A WEEKLY RECORD OF 540.7MN BARRELS. SOURCE: EIA, MEES. SEE ANALYSIS, P11. ...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Algeria Oil & Gas: Searching for Stability
...lding sway in the sector. For example, Chakib Khelil was unquestionably the oil supremo when he was energy minister from 1999 to 2010. But the Sonatrach CEO was the man to call when the industrious Abdelmoumen Ould Kaddour headed the state-oil giant between 2017-2019 (MEES, 26 April 2019). Sonatrach is...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Saudi Arabia Gas: New Facilities, Greater Flexibility
...ming years, with work underway to add substantial gains through a mix of associated and non-associated gas processing capacity. First up is the Hawiyah Gas Plant Expansion Project. Contracts were awarded in 2017 to add 1.07bn cfd processing capacity, which will bring capacity up to 3.86bn cfd by Ju...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020