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Adnoc Integrating Petchems At Ruwais
...Abu Dhabi state firm Adnoc’s refining focus in 2019 will be on returning to service a residue fluid catalytic cracker (RFCC) at its 417,000 b/d Ruwais West refinery. The RFCC was damaged in a fire in early 2017 and is being rebuilt by Korea’s GS Engineering & Construction (MEES, 7 July 2017...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Kuwait: Politics Is Back
...mber of sitting MPs who were handed jail sentences in absentia in November 2017. Two, Waleed al-Tabatabaei and Jamaan al-Harbash, were members of the current parliament, but MPs voted in favor of them retaining their seats. Kuwait’s constitutional court this week ruled that vote unconstitutional, ef...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Adnoc Brings OMV Onboard Sour Gas Project
...rough its LNG facilities in 2017, while 16.4bcm of natural gas was imported from Qatar through the Dolphin pipeline. Imports have continued despite the UAE’s 18-month embargo of Qatar. OMV BOLSTERS UAE PRESENCE This is OMV’s second major upstream advance in Abu Dhabi of 2018. The firm was aw...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
China’s Zhenhua Acquires Abu Dhabi Concession
...ncession. Adnoc Onshore immediately becomes the crown jewels of Zhenhua’s portfolio, through its North Petroleum International subsidiary (also known as Zhenhua Oil). None of the parties involved have stated how much Zhenhua paid for the asset, but when CEFC secured its 4% stake in February 2017 it paid $88...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
QP Enters Mozambique
...ternational footprint. QP has secured a swathe of international assets over the past two years under Mr Kaabi’s plans to transform the firm beyond all recognition (MEES, 8 December 2017). The bulk of QP’s moves have been in the Americas, in particular Brazil and Mexico (MEES, 5 October). But the firm is...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
Oman Carves Up South In Bid To Attract Investment
...st year’s bid round (MEES, 9 November). Nearby Block 71 contains the (less than 10°API) Habhab heavy oil field whose recoverable reserves are technically classified as bitumen and thus need extensive EOR techniques to be profitable. PDO tendered the project in 2017 but little has subsequently come of it...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Adnoc Adds To Gulf LNG Bunkering Plans With Inpex Tie-Up
...e third instance of a Gulf State announcing LNG bunkering plans. Qatar was the first mover, signing an agreement with Shell to develop LNG bunkering infrastructure “at strategic shipping locations around the globe,” although this would most likely be outside Qatar (MEES, 16 June 2017). QP CEO Sa...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Israel Bidding: Larger Blocks, More Interest?
...st two bids for six blocks, all located in the country’s northern offshore near existing discoveries (MEES, 24 November 2017). This time the Energy Ministry is grouping the 19 blocks on offer (eight of which were offered in the previous round) into five ‘zones’ – essentially meaning that five la...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Oman To Offer Blocks In 2019 Bid Round
...r the 2019 bid round, despite the relatively strong performances of the last two bid rounds held in 2016 and 2017. The 2016 round saw all four assets on offer eventually awarded—including offshore Block 52 to Eni and Block 30 to Oxy. The 2017 bid round has proven equally successful as well. Oxy took bl...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
Oxy Gambles On Oman Replacing Qatar Volumes
...rection, volumes are set to increase in the coming years. Indeed, as with BP, Occidental has flagged up its renewed interest in Oman as being in part driven by a desire to roll out techniques honed in the Permian (MEES, 17 November 2017). OCCIDENTAL MENA CRUDE OUTPUT (‘000 B/D) OC...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Eni Grows North African Presence
...geria (MEES, 3 March 2017). If drilling does go ahead, (both firms still to secure necessary exploration permits) it will be the first time offshore drilling has taken place in Algeria for 44 years, and will provide a much needed boost to the country’s upstream sector. Under the stewardship of So...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
RAK Back In Tanzania
...ch problems ought to be in the past. Indeed, progress had already been made and China’s BGP International began to conduct a $32mn 2D seismic survey at the block in October 2017. BGP is a subsidiary of state giant CNPC. Zanzibar’s environment minister said the onshore portion would last one mo...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Services Firms: Mideast Growth Picks Up, But US Slows
...“more of a pause than a long-term structural issue.” The latest dip in US shale activity comes on the back of massive growth that saw the company’s North America revenues leap 37% to $9.2bn for the first nine months of 2018 (just shy of the 2017 annual total) as US crude output soared to top 11...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Upstream Costs: Can Services Firms Get Majors To Split The ‘Rent’?
...13 and $175bn in 2014, the five supermajors’ collective capex had fallen to just $97bn for 2017, with only a slight uptick planned for this year (MEES, 9 February). Key oilfield services firms have felt the heat. Collective profits for the biggest two, Schlumberger and Halliburton, collapsed fr...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Qatar Petroleum To Replace Oxy At Key Offshore Field
...SPLACED Oxy had appeared outwardly confident that it would remain QP’s partner at the field. Oxy frequently cites Qatar as central to its portfolio. CEO Vicki Hollub told a May 2017 earnings call that Oxy had “confidence that we’d be able to extend that contract…we believe that with the success our teams ar...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Total Signs Up For Algeria Expansion
...laise affecting Algeria’s gas sector. Despite the start-up of a key Repsol-led field (2.9bcm/year Reggane North), sales gas volumes edged down to 94.5bcm for 2017 (MEES, 7 September). Delays elsewhere mean output may decline this year despite the February start-up of the 1.8bcm/y Timimoun field: first ga...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Qatar Drilling Tender Imminent
...ss as an export terminal. The timeline has slipped slightly as Mr Kaabi told MEES in December 2017 that “all the bids are in now and we are evaluating these. By the first or second quarter next year we will decide with our partners what we want to do” (MEES, 8 December 2017...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
DNO All In On Iraqi Kurdistan As Output Soars
...ne 2017 start up. With DNO riding high on production gains and higher oil prices, the company is also poised to begin drilling at Baeshiqa (DNO 32% op, ExxonMobil 32%, Turkish Energy Company 16%, KRG 20%). The firm finalized its acquisition of its 32% stake from ExxonMobil in April (MEES, 4 May). Th...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Saudi Solar Plans: Crashing Like Icarus?
...y). This in turn marked a scaling back of government atomic and renewables agency Kacare’s 2013 plan for 54GW of renewables capacity by 2030. The megaplan was also in stark contrast to Saudi renewables progress to date: total renewables capacity amounted to 92MW as of the end of 2017, according to Ab...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Chinese Takeover For Cash-Strapped Kuwait Energy
...l of the firm’s 62,300 boe/d net production in 2017 (primarily gas). The firm also closed its $192mn purchase of OMV’s Pakistan assets in June this year adding a further 42mn cfd and 550 b/d to its net production. KEC’s portfolio consists of 10 assets. Four producing oil blocks in Egypt account fo...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018