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Exxon Spuds Cyprus Well
...vuşoğlu said he had received assurances from Washington and Doha that any potential drilling would only take place in areas not claimed by Turkey. Glaucus, with an initial reserves estimate of 5-8tcf (MEES, 1 March 2019) was the third gas discovery to be made off Cyprus following 2011’s 4.1tcf Ap...
Volume: 64Issue: 51/52Published at Fri, 24 Dec 2021 -
Tunisia Lays Out Roadmap
...me day that marked the beginning of the Tunisian Revolution which ousted former ruler Zine El Abidine Ben Ali one month later in January 2011. A roadmap had been a key demand of many political and civil society organizations since the president’s move to suspend parliament and assume executive po...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
BP’s Egypt Raven Outages Dampen Late Year LNG Export Hopes
...ll in LNG exports. With December’s exports now set to be lower still, exports for 2021 as a whole are now set to fall short of 2011’s 6.90mn tons, though at 5.97mn tons for 11M21 volumes are already well ahead of 2012’s 5.33mn tons for a 10-year high (see chart). Spluttering exports earlier th...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Libya’s Road To 2mn b/d: Stability Is Key
...y topic dominated discussions above all others: the need for stability. “If stability can be granted, I think Libya can move ahead very quick,” says Wanis Elruemi, country manager for Eni which is Libya’s top foreign producer. The fall of Muammar Gaddafi in 2011 and the subsequent fr...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Shell Return To Libya?
...sets in Libya and quit its exploration acreage in 2012 citing “disappointing” results from an “extensive seismic and drilling campaign” (MEES, 4 June 2012). It was drilling its fifth exploration well out of a planned 18 when revolution hit in early 2011. Shell did however make a point of stressing that th...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Israel Gas Output Record As Pipeline Delay Stymies Planned 2022 Egypt Export Boost
...e first time the potential pipeline tie-in route for development of Cyprus’ 4.1tcf 2011 Aphrodite discovery (Chevron 35%op, Shell 35%, Delek 30%). This shows the potential Aphrodite pipeline skirting Israel’s exclusive economic zone before tying in to the prospective pipeline connecting Le...
Volume: 64Issue: 47Published at Fri, 26 Nov 2021 -
Kuwait’s Oil Sector Faces More Turbulence With Shake-Up Proposal
...me since any oil minister enjoyed such a tenure. Since 2011, Kuwait has had nine oil ministers. If the minister also ran KPC, such turnover would be highly disruptive. With the government resigning earlier this month (MEES, 12 November) and Sheikh Sabah Al-Khaled Al-Sabah tasked on 24 November wi...
Volume: 64Issue: 47Published at Fri, 26 Nov 2021 -
Heightened Political Tensions Threaten Libya’s Oil Ambitions
...gures. At stake is the stability of a country which has been enveloped in almost constant chaos since the 2011 revolution. For the oil sector, a return to political division, or even war, would crush hopes of boosting oil production. GADDAFI’S RETURN Saif al-Islam Gaddafi, the son of former ru...
Volume: 64Issue: 46Published at Fri, 19 Nov 2021 -
Libya In Race Against Time To Boost Output
...ve to exploit what we have quickly and develop our country and Africa,” he told this week’s Africa Energy Week conference in Cape Town. Libya’s near-constant instability since the overthrow of Muammar Gaddafi in 2011 has hampered efforts to rebuild the lifeline oil sector. Production is currently 1....
Volume: 64Issue: 45Published at Fri, 12 Nov 2021 -
Egypt LNG Exports Rebound To 12-Year High
...peat of October volumes for the last two months of 2021 would leave this year neck-and-neck with 2011’s 6.9mn tons (see chart 2). This is a swift turnaround from just two months ago when Egas had informed Shell and Eni that gas shortages could lead to reduced exports over the coming months (MEES, 17...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Algeria-Morocco-Spain: Key Gas Pipeline Stops Flowing
...LIVERED 85BCM OF GAS TO SPAIN SINCE 2010, AROUND HALF OF ALL ALGERIA-SPAIN GAS SHIPMENTS OVER THIS PERIOD (BCM) MEDGAZ STARTS UP IN 2011. SOURCE: ENAGAS, CORES, KPLER, MEES. THE GME PIPELINE: A SEVERED LINK BETWEEN ALGERIA, MOROCCO AND SPAIN 2: ALGERIA-TO-SPAIN PIPED GA...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Kais Saied’s Tunisia: Where Is It Headed?
...ndemic (MEES, 24 July 2020). Finances appear to be on the verge of collapse. Public debt has soared since the 2011 revolution (see chart 1), but Tunisia has little to show for it (MEES, 18 December 2020). Interest payments alone will eat up some 11% of projected government revenues this year, ac...
Volume: 64Issue: 43Published at Fri, 29 Oct 2021 -
Russia’s Tatneft Returns To Libya
...Tatneft is drilling an appraisal well it was forced to abandon in 2011. The firm also has development plans for existing discoveries, but will the country’s current calm last? Russian oil firm Tatneft has finally restarted drilling operations in Libya, more than a decade after fleeing the co...
Volume: 64Issue: 42Published at Fri, 22 Oct 2021 -
Riyadh, Cairo Sign $1.8bn Power Connection Deals
...ows have fallen well below their 2011-12 peak. Electricity sent to Jordan was down 12% year on year at 278GWh for 2019-20, an implied average flow of just 32MW, while that received from Jordan was up 36% to 95GWh, according to the latest stats from Egypt’s Electricity Holding Company (EEHC). Flows to Li...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Petrofac Hopes To Turn Page After UK Bribery Conviction
...UK-based services firm Petrofac is hoping to put a scandal-riven few years behind it after a UK court on 4 October found it guilty on seven counts of bribery involving payments of $44mn to secure $3.5bn of contracts in Gulf countries between 2011 and 2017. In a case brought by the UK’s Se...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Egypt LNG: Exporting, For Now
...ace for cargoes to be produced in Q4 2021 and onwards.” Since Damietta restarted in February the facility has shipped 1.84mn tons of LNG (MEES, 26 February). This is the highest figure since 2011, the year before the plant was mothballed. Meanwhile, Idku has six remaining ‘commitment’ cargoes se...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Libya’s Zueitina Restarts Zella Field
...pacity of nearly 60,000 b/d before the 2011 revolution but this has dwindled to well under 20,000 b/d. Zueitina is also working to restart its Sabah, Fedah, Hakim fields located on Block NC-74. The restart of shut-in fields is key to Libya’s long term output goals (MEES, 11 June). But funding issues an...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
Libya’s Oil Exports: What’s At Stake?
...utdowns have always remained a threat since the collapse of the Gaddafi regime in 2011. Production has been affected by armed groups seeking political leverage, local grievances and problems related to the industry’s decrepit infrastructure. Funding issues and weak security have also prevented much-needed up...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Italy 1h 2021 Crude Imports: Libya Resurgent
...the years prior to Libya’s 2011 revolution Libya was habitually number one, including a whopping 527,000 b/d for 2007 (see chart). *For 1H 2021 Libya was number two, some 60,000 b/d behind Azerbaijan, though for Q2 Azerbaijan with 208,000 b/d was only fractionally ahead. Iraq was number th...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Libya’s NOC Advances Go-It-Alone 16,000 b/d Erawin Development
...forts to boost output from 1.3mn b/d to 2.1mn b/d (MEES, 11 June). Political instability, a lack of funding and weak security continue to present huge risks (see p14). Ten years of near-continuous chaos since Libya’s 2011 revolution, have deterred NOC’s key foreign upstream partners from sa...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021