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Iran’s Winter Gas Preparations Hit The Skids Amid Icy Snap
...ocessing plant which receives feedstock from Phases 22-24. As a result, NIGC had to shuffle around existing “Ukrainian-made turbines” for its winter preparations. Mapna was contracted to provide 16 such units – each 25MW in capacity – since at least 2017 but its line of MGT-30 turbines has suffered pr...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022 -
Malaysia’s Petronas Seeks To Kickstart UAE Unconventional Oil Development
...ES, 12 March 2021). UNCONVENTIONAL OIL’S SLOW START Unconventional hydrocarbon development is accelerating in the Middle East, but to-date the focus has been overwhelmingly on gas rather than oil. The catalyst was the Khazzan development in Oman’s Block 61 which started up in 2017. Bl...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
TotalEnergies Eyes QatarEnergy Partnership In Iraq
...om 2017 to 2020, indicated that moving Iraq’s gas capture projects ahead should take priority. No surprise there given that Iraqi oil ministers have for years stressed that tackling flaring is their top priority, albeit with scant progress to date. Iraq’s new cabinet, in its manifesto submitted to...
Volume: 65Issue: 44Published at Fri, 04 Nov 2022 -
Inpex Eyes Sale Of Stake In Iraq’s Eridu Discovery
...-1) to partner CNPC and fellow Chinese state firm CNOOC (MEES, 29 April). Instead, the stake is to be distributed between oil ministry subsidiary Basrah Oil Company and Indonesian NOC Pertamina (MEES, 29 July). Eridu was discovered in February 2017 and is being developed under an Exploration, De...
Volume: 65Issue: 44Published at Fri, 04 Nov 2022 -
Algeria Prepares Oil & Gas Bid Round
...asons (MEES, 20 October 2017). US firms such as ExxonMobil and Chevron have shown interest in recent years but nothing concrete has been signed so far. Occidental has also hinted at potential shale gas projects. “As a large American company with state-of-the-art shale capabilities we think we have a lo...
Volume: 65Issue: 44Published at Fri, 04 Nov 2022 -
Karish Start-Up Increases Israel Gas Competition
...mpany that was forced to sell a 50% stake in its Energean Israel operations to private equity firm Kerogen Capital for just $50mn in 2017 to help fund operations (MEES, 17 February 2017). ENERGEAN KEY ISRAEL OFFSHORE ACREAGE & ASSETS...
Volume: 65Issue: 43Published at Fri, 28 Oct 2022 -
Inpex Mulls Exit From Iraq’s Eridu
...ctor firm. The partners estimate the field has 7-12bn barrels of oil in place, of which more than 400mn is recoverable with estimated potential output of 250,000 b/d. Attempts to move the field to development have dragged since its discovery in February 2017, though the ministry confirmed late last ye...
Volume: 65Issue: 40Published at Fri, 07 Oct 2022 -
Oman Oil: Production Up, Exports Down
...NSTRAINED It is the sultanate’s success in developing gas plays in recent years that has resulted in soaring condensate output. The start-up of BP’s 1bn cfd Khazzan tight gas project in 2017 was a game-changing development and the second phase 500mn cfd Ghazeer play came online in October 2020 providing an...
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
Shamaran Secures Sarsang Stake As Total Exits Kurdistan
...rdistan for the second time – the Sarsang stake was acquired via its 2017 purchase of Denmark’s Maersk – was originally announced in July 2021 (MEES, 16 July 2021). Shamaran said at the time that “the Acquisition is highly accretive and transformative to Shamaran as it grows from a single asset company to...
Volume: 65Issue: 37Published at Fri, 16 Sep 2022 -
Iraq’s Output Hits Export Capacity Limits
...to a nominal 5.4mn b/d, in reality capacity is considerably lower due to storage constraints, inadequate pipeline capacity and insufficient pumping stations. A further 600,000 b/d-capacity terminal, Khor al-Amaya (KAAOT), has been offline since 2017 due to pipeline leaks. Perhaps wary of a re...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022 -
Kuwait Upstream Costs Soar
...ntre (GC-32) which was intended to offset declines elsewhere at the field. The 120,000 b/d facility was awarded to British firm Petrofac in March 2017 and was scheduled to come online in mid-2020. It has yet to be completed. UNCONVENTIONAL AND DIFFICULT The other major ju...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
Exxon Starts Cyprus Seismic, Eyes More Wells
...elded the giant 21.5tcf Zohr field on the other side of the Cyprus/Egypt maritime border. It was Total that confirmed that the ‘Zohr-like’ play extended into Cypriot waters, though its 2017 Onesiphoros well on Block 11 failed to find commercial quantities of gas (MEES, 15 September 2017). Once En...
Volume: 65Issue: 26Published at Fri, 01 Jul 2022 -
Oman’s New Energy Minister: Bumper Revenues, Longer-Term Challenges
...oofing the energy sector and broader economy. For Oman, gas is key to this ambition with the 2017 start-up of the Khazzan tight gas play unlocking a bonanza of increased production and development plans (MEES, 12 April 2019). Gas has long been touted as a ‘transition fuel’ and Oman is debottlenecking it...
Volume: 65Issue: 25Published at Fri, 24 Jun 2022 -
Kuwait Set For Virgin Offshore Well
...ng-delayed offshore exploration drilling program will be a major development for the emirate. Upstream activity outside of the PNZ is conducted by state firm Kuwait Oil Company (KOC), but capacity has dropped from 3.15mn b/d in 2017/18 to just 2.63mn b/d for 2020/21. KOC aims to increase this to 3....
Volume: 65Issue: 25Published at Fri, 24 Jun 2022 -
Oman LNG Bounces Back Following Maintenance Work
...mpletely changed the supply picture when it started up in 2017 (MEES, 29 September 2017). The 500mn cfd second phase Ghazeer came online in October 2020 (MEES, 16 October 2020), while the likes of Shell, Total and Eni have all taken up Khazzan-like acreage in recent years in a bid to replicate BP’s su...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
KRG Oil Sector In The Crosshairs As Baghdad Steps Up Legal Attacks
...ports around 100,000 b/d (MEES, 15 April) to Turkey’s Ceyhan Port via a KRG-controlled pipeline. Prior to being reclaimed by federal forces in 2017, the KRG took over most operations in Kirkuk for almost three years. On the dynamics of a potential arbitration between Baghdad and the IOCs, Shwan Zu...
Volume: 65Issue: 23Published at Fri, 10 Jun 2022 -
Tehran & Baku Agree To Double Gas Swap
...lume agreed upon last year (MEES, 3 December 2021). Mr Owji also claims that his country could even “easily” increase the amount swapped to “three or four times.” The original deal announced on 29 November 2021 ended a five-year hiatus in Iranian imports of Turkmen gas. Iran in early 2017 an...
Volume: 65Issue: 23Published at Fri, 10 Jun 2022 -
Mauritania Gas Development Gets European Supply Crunch Boost, But Exploration Canned
...e north is set to be relinquished on the expiry of its current exploration period at the end of next month. At least BP drilled an exploration well on C-12, 2017’s Lamantin-1 which unsuccessfully targeted oil. This is more than ExxonMobil did on its three ultra-deepwater blocks – C-14, C-17 an...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Iraq Crude Exports Push Against Capacity Constraints
...ins only in 2023 and 2025. The first gains are slated to come through the much-delayed Sealine 3 pipeline which is planned to add 600,000 b/d by connecting to ABOT, the non-operational SPM4 and the 600,000 b/d Khor al-Amaya (KAAOT) terminal which has been offline since 2017 due to pipeline leaks. Mr...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Oman Oil Output At Near-Record Highs As India Shipments Surge
...similarly low volumes in April. With Chinese spot crude buying having dropped off significantly over the last couple of months as Covid restrictions crimp demand, India has stepped up to fill the gap. Shipments to India doubled to 220,000 b/d in March, the highest figure since October 2017 th...
Volume: 65Issue: 18Published at Fri, 06 May 2022