Chevron invests in Israeli gas boost
Chevron has taken the final investment decision (FID) on the second phase of the Tamar field, offshore Isreal.
Pipelines
Local sales, cost cutting and patience: Kurdistan producers hang on
“We continue to see progress,” said Genel CFO Luke Clements. “It’s painfully slow. But it’s not like we’re close and then it all blows up. It’s just small steps, but with good progress.”
Stay away from KRG producers, analyst warns investors
“We have cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales,” said Weir.
Saipem completes Saudi gas pipeline work
Saipem won the work in 2018, as one of a batch of contracts worth $800 million.
Disentangling Kurdistan’s exports challenge
Local sales are “negative for Kurdistan, in that there is no new investment in these circumstances. I don’t expect anyone to drill, to increase production beyond March 2023 rates [prior to the pipeline closure]."
Israel gas flows to Egypt set to return to pre-war level
Israel’s natural gas flows to Egypt are expected to almost double and reach pre-war levels early next week, according to a person familiar with Egyptian imports, after a major offshore field resumed output on easing safety concerns.
Dana Gas stays gas focused while navigating pipeline politics
Dana has said its gas fields in Kurdistan “could be the biggest gas fields in the whole of Iraq”.
Coretrax secures multi-year contract to boost production for Middle East operator
Aberdeenshire oil field equipment supplier Coretrax has secured a multi-year contract with a Middle East operator to deliver production enhancement across a multi-well campaign.
Tanker reroutes from Egypt amid Israeli gas squeeze
Ajayi noted Egypt relied on gas imports from Israel for domestic demand. “As such the North African nation will have less gas available for LNG exports due to the shutdown of the EMG pipeline.”
Egypt weighs impact of Israel gas field halt on LNG exports
The stoppage at Tamar could result in lower shipments to buyers in Europe, who are increasingly reliant on alternatives to Russian pipeline flows, especially during the winter heating season.
RAKGAS strikes pipeline, storage deals for gas security
RAKGAS will also build a new pipeline, from the Taweelah-Fujairah Pipeline to Ras Al Khaimah (RAK), connecting to the Sajaa gas storage in Sharjah.
Kurdistan producers warn no quick restart to Iraq-Turkey pipeline
Members of the producer group would not be in a position to produce oil for export until it is clear how they will be paid, it said.
Kurdistan producers face problems beyond pipe stoppage
APIKUR reported that its members had cut spending by around $400mn in 2023, with plans for 2024 in doubt.
Adnoc Gas awards $600mn Habshan pipeline work
The company said that more than 70% of contract value would go back into the UAE, under its in-country value (ICV) programme.
Chevron takes FID on Leviathan expansion
It will increase the throughput of gas from 1.2 billion cubic feet per day to nearly 1.4 bcf per day, or from 12 billion cubic metres per year to 14 bcm. The new gathering pipeline should reach first gas in the second half of 2025.
Israel approves Gaza gas field development
Talks were reportedly under way on the Gaza Marine development plan last year. The Washington Post said development work would cost around $1.4 billion. The report said development would take just over a year from a final agreement.
Saipem wins FEED, EPCI work on Sakarya pipe
Saipem’s Castorone vessel will carry out the offshore operations, starting in the summer of 2024. The company previously worked on the first phase of the Sakarya field, which began producing in April.
Gulf Keystone halves capex on Kurdistan export woes
The region owes Gulf Keystone $102mn, for supplies from October 2022 to January 2023. Kurdistan paid $66mn for August and September 2022 sales.
TotalEnergies brings in QatarEnergy to unlock Iraq deal
Plans took a long time to progress because of a difference of opinions over terms and shareholding. Iraq had pushed for a higher stake in the project. Initially, its interest was to be held by the Iraq National Oil Co. (INOC), this was abolished in September 2022.
Kurdistan operators confirm shutdown on Iraq-Turkey ruling
Iraq’s Ministry of Oil has said it would discuss how to export “Iraqi oil through the Turkish port of Ceyhan” with the authorities in Kurdistan and Turkey.
Adnoc Gas opens book to public, aims to raise $2 billion
The offer runs until March 1. It covers around 4% of the shares in the company. It will raise $1.9 to 2 billion. The price values Adnoc Gas at $47 to 50.8bn.
NewMed invests in plan for Israeli LNG exports
The Israeli company has also talked about building a third gathering line at Leviathan, with a final investment decision (FID) due early this year.
Chevron dishes out pipe work for Tamar growth
Pipeline installation work at Chevron’s Tamar gas field will get under way in 2024.
The East Med’s export problem
“It’s a matter of cost,” DNV’s Mediterranean manager Andrea Spessa said. “This pipeline is the best solution to transport energy from one country to another in this range.”
Deadly Turkish earthquake disrupts oil exports
The BTC pipeline carries about 1 million bpd, of which 400,000 bpd comes from Kurdistan.