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Oman/Japan LNG Deals
...an’s energy ministry signed an MoU with Japanese state energy body Jogmec to deepen energy sector cooperation. The MoU adds “collaboration towards commercial and technical issues relating to clean energy” to a previous oil and gas-focused 2014 MoU. In expanding the scope of cooperation, Jogmec notes th...
Volume: 66Issue: 01Published at Fri, 06 Jan 2023 -
Apache Looks To Egypt Growth Following Contract Modernization
...ases out to 20 years (see map). The deal marks the culmination of two years of negotiations which were precipitated when it became clear to Apache that the fall in oil prices – precipitously in 2H 2014 and modestly in 2019 – had rendered new investment, especially in the more mature, eastern po...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022 -
Apache’s PSC Terms: Why Modernize?
...oduction. Until 2014 “rising oil prices masked eroding underlying economics,” Apache says. But with oil prices slumping from 2H 2014, “leakage points” were exposed. “Many concessions were in backlog and not recovering their historical costs. Concessions with less attractive fiscal terms were di...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022 -
Qatar Petroleum Presses Ahead With Shakeup
...7bn thanks to the startup of the 146,000 b/d Ras Laffan 2 condensate splitter. If it wasn’t for technical problems forcing a temporary shutdown at Ras Laffan 1 in April, the revenue gains would have been higher. November’s $630mn products’ revenue was the highest since July 2014. IOCS IN QATAR’S CR...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Iran Greenlights 29 Firms For Upstream Tenders
...0,000 b/d under a third phase. The Chinese incumbents have an advantage due to their knowledge of the fields, but both have previously been warned by Iran that they risked losing them due to poor performance – and CNPC was booted out of South Azadegan in 2014. Even when Oil Minister Bijan Zanganeh said in...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Israel: Leviathan Development Set For Further Delays Following Anti-Trust U-Turn
...fshore Israel, to keep hold of both the giant 22 tcf Leviathan field and the 10 tcf Tamar field. Anti-trust Commissioner David Gilo labelled the firms, which operate all of Israel’s major offshore discoveries (see table), a cartel. This reverses a March 2014 ruling stating Noble and Delek could keep ho...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
QP Petchem Flotation
...ke place from 31 December 2013 to 21 January 2014. Qatar’s first IPO since 2010 is open to Qatari nationals only, and will comprise 27.725% of the company’s shares. (For political reasons Doha is keen to share its energy wealth among citizens.) QP said the shares are priced at QR10.2 ($2.80), in...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Anti-Maliki Protests Roil Investment Climate
...nstitutionally it is the President who can initiate a vote of no-confidence in the government. Iraq will not hold parliamentary elections until 2014, but a heavy defeat for Mr Maliki in provincial elections next year could potentially provide a platform for opponents to make another attempt to un...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013