- Sort by:
- Score
- Published ▼
-
Iran Plans Major Gas Storage Expansion To Face Winter Shortages
...feeding stranded provinces to become a strategic energy balancing tool. According to the report, the difference between summer and winter demand peaks jumped from 180mn m3/d (6.36bn cfd) in 2011/12 to 221mn m3/d (13bn cfd) in 2021/22. Moreover, steady growth means that consumption in summer is no...
Volume: 66Issue: 49Published at Fri, 08 Dec 2023 -
Libya Exploration Picks Up Steam As NOC Reiterates Ambitions
...Libya is persuading more and more of IOCs to return to exploration. The country’s rig count hit 18 for October, the highest level since the 2011 revolution (see chart). And recent weeks have seen a flurry of announcements from NOC that foreign oil and gas firms are planning on resuming dr...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Algeria: Key Southwest Gas Field Start-Ups Boost Exports To 7-Year High
...liant on gas for 99% of power generation. The gains in pipeline deliveries to key market Italy are more striking still, with 8M 2023 volumes of 15.47bcm (2.25bn cfd) the highest since 2011. And after April’s 11-year monthly high of 2.96mn cfd (MEES, 5 May), June, July and August were all the hi...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Cyprus’ Aphrodite: Development Talks Continue Amid Reserves Downgrade
...rnerstone of their energy strategy,” a MEES source says. Trouble has been brewing for some time between Nicosia and Chevron, which only entered the project in late 2020 after its takeover of compatriot Noble Energy, which discovered Aphrodite in 2011. Understandably the US major believed it could im...
Volume: 66Issue: 36Published at Fri, 08 Sep 2023 -
Libya Eyes 10,000 B/D 1H24 Output At North Hamada
...w a pipeline connection between Tahara and the parallel El Feel/Sharara to Zawiya/Mellitah trunk crude pipelines. Full development of the seven fields on Area 47’s Block 2 on which commerciality was declared in 2011 and 2014 is slated to produce 50,000-60,000 b/d liquids and 90mn cfd gas with ou...
Volume: 66Issue: 35Published at Fri, 01 Sep 2023 -
Egypt Drilling: Shell Kicks Off 9-Well Campaign As BP Readies Plans
...ell is setting its sights beyond Egypt for WDDM backfill options. Shell (35%) and partners Chevron (35%op) and Israel’s NewMed (30%) in May filed a development plan for Cyprus’ 2011 Aphrodite discovery which could see 650mn cfd production tied back to the WDDM offshore facilities (MEES, 2 June). Mi...
Volume: 66Issue: 33Published at Fri, 18 Aug 2023 -
Libya Exploration Looking Up As Eni & BP Lift Force Majeure
...menting the re-establishment of UK relations with the Gaddafi regime following a landmark visit by then PM Tony Blair to Tripoli (MEES, 4 June 2007). BP was slow to kick off exploration but was “hours away” from beginning a 17-well, $900mn commitment drilling program when the revolution began in February 2011...
Volume: 66Issue: 31Published at Fri, 04 Aug 2023 -
Cyprus & Israel Close In On Deals To Kickstart Aphrodite Development
...ergy way back in 2011, with Chevron taking over as operator with its $5bn purchase of Noble in 2020 (MEES, 9 October 2020). The initial A1 discovery well was drilled just 3km from the maritime border with Israel, leading to speculation that the reservoir extended into Israeli waters. Subsequent pr...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Iraq: Another New Gas-Focused Bid Round – Can It Attract Major Interest?
...cluding in Saudi Arabia). The structure includes two LR6 blocks on offer: North and South Rutbah. Elsewhere in Anbar, the Akashat block lies on the Syrian border. A 2011 map from Cambridge Carbonates shows indications of previous drilling activity near the block which is believed to have eight leads th...
Volume: 66Issue: 25Published at Fri, 23 Jun 2023 -
Chevron Submits Aphrodite Plan As Nicosia Attempts Strategy Shift
...e field, following its 2011 discovery, potentially more important will be a gas sales agreement with Egypt. While the Aphrodite partners will have one eye on exporting some volumes as LNG – the WDDM facilities land at Idku, at infrastructure adjacent to the 7.2mn t/y ELNG export terminal (also op...
Volume: 66Issue: 22Published at Fri, 02 Jun 2023 -
Cyprus’ Aphrodite: Chevron Spuds Crucial A3 Well
...Drilling has started at Cyprus’ 4.5tcf Aphrodite field. Will results from this second appraisal well finally see the field’s partners, led by US major Chevron, submit a development plan? To say that development has been slow at Cyprus’ 4.5tcf Aphrodite field, discovered in December 2011, wo...
Volume: 66Issue: 18Published at Fri, 05 May 2023 -
Cyprus’ Aphrodite: Operator Chevron Mulls Cut-Price Tie-Back To Egypt Subsea
...r the 2011 discovery which lies 160km offshore on the Cyprus/Israel maritime border in 1750ms water depth. A development plan approved by Nicosia in November 2019 as part of a renegotiated PSC (MEES, 8 November 2019), envisaged five production wells and output of 800mn cfd, with tie-back di...
Volume: 66Issue: 14Published at Fri, 07 Apr 2023 -
Iraq’s Akkas & Mansuriya Fields: Back On Offer
...arded in 2011 to a consortium led by Turkey’s TPAO (22.5%op) alongside Korea’s Kogas (15%), and Kuwait Energy (since taken over by Hong Kong-listed UEG, 22.5%) and state-owned Oil Exploration Company (OEC 25%). Following IS’ ouster, disagreement on commercial terms with operator TPAO pushed Baghdad to ta...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
‘It’s A Beautiful Asset’: Chevron Talks-Up East Med Expansion Plans
...rect Israel-Egypt pipeline, this one a 600mn cfd onshore route linking Israel’s southern gas network with the Egyptian Sinai via the border crossing of Nitzana. APHRODITE BECKONS As for the potential for long-stalled development of Cyprus’ 2011 Aphrodite discovery, all eyes are now on an...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Egypt Gas Output Slump Means Lower LNG Exports Despite Record Israeli Flows
...lumes of 1.27mn tons (0.56mn tons Idku, 0.71mn tons Damietta) are the highest for the first two months of the year since 2011 – spot LNG prices have eased considerably in recent months (see p20), reducing the LNG revenue bounty for Egypt’s stretched economy (MEES, 24 February). 1: EGYPT GAS OU...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Tunisia’s Upstream: On Its Last Legs?
...cord 98,900 b/d for 2022. With chronic instability since Tunisia’s 2011 revolution having led to an investment collapse the country has gone from domestic oil output almost meeting demand in 2010 to a record shortfall for 2022 when domestic output equated to just 36% of demand (see chart 1). It...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
TotalEnergies Charges Ahead To 2022 Mena Oil Output Record
...ain sailing. Key projects in Syria and Yemen have been offline since 2011 and 2015 respectively amid devastating conflicts there. Net gas output last year was barely half the record 1.46bn cfd set in 2011 (see chart 4). But this hasn’t prevented Total from seeking more projects in the region, al...
Volume: 66Issue: 07Published at Fri, 17 Feb 2023 -
Chevron Eying Egypt Tie-In For Cyprus’ Aphrodite
...tober 2020). The US major’s input, expertise and deep pockets could prove to be invaluable if Cyprus’ dreams of developing its first ever discovery, made in 2011, are to be realized. Of course, those dreams don’t all rest on Aphrodite’s shoulders now, with Italian firm Eni and US major ExxonMobil ma...
Volume: 66Issue: 07Published at Fri, 17 Feb 2023 -
Lebanon Gas: Key Officials Fly In, Highlighting Project’s Geopolitical Significance
...pply the domestic market. At approximately 70km offshore in 1,700ms water depth, the minimum reserves size needed to justify Qana development would surely be much lower than for Cyprus, where the 4.5tcf Aphrodite find (160km offshore, 1,700 meters depth) has remained undeveloped since its 2011 di...
Volume: 66Issue: 05Published at Fri, 03 Feb 2023