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BP Back On At Kirkuk
...vember 2013), but northern Iraq exploded with violence soon thereafter. Kurdish forces took the Kirkuk oil fields in June 2014 when Iraqi fighters retreated ahead of Islamic State (IS). Kurdish forces held off IS and began production from the fields about 280,000 b/d from the Kirkuk field’s Avana Dome an...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Gemsa Up For Circle As Egypt Minnow Shakeout Continues
...sets assumed for zero payment by activist investor Worldview Capital (MEES, 8 April 2016). Like Circle, Petroceltic was partly undone by a reserves-backed lending facility: the collapse in oil prices from the second half of 2014 left a loan (from HSBC in the case of Petroceltic) worth more than the re...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Genel Highlights Kurdistan’s Declining Crude Production
...e becoming increasingly evident. Hardest hit is the Genel-operated Taq Taq. Genel figures show that production averaged 116,000 b/d in 2015, but has fallen back to 83,000 b/d in January so far, a 28% fall that pushes it below 2014 output figures. At the DNO-operated Tawke, in which Genel ha...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Saudi Petchem Profits Hit By Crude Slump; Feedstock Price Hikes Add To Stress
...34.25bn for 2014. The total value of the 14 companies, measured in terms of market capitalization, fell by 20.5% between end-2014 and end-2015. The decline follows the slide in crude oil prices since mid-2014. Global benchmark crudes are currently trading at around 75% below their mid-2014 le...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Qatar Shelves $6.5bn Al-Karaana Project, QP Rethinking Ethane Usage
...10 Q-Chem II HDPE 350 2010 Linear α-Olefins 345 Total 2014 15...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Oman Puts Oil Assets On The Block Amid Budget Squeeze
...0,000 t/y of HDPE, 215,000 t/y of polypropylene and 40,000 t/y of MTBE. Orpic’s expansion of Sohar is already under way following the award of a $2.1bn engineering, procurement and construction contract (MEES, 6 June 2014). Orpic is also building a 93,000 b/d products pipeline network linking the re...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Oman Adding Musandam Gas-Fired Capacity
...veloping Musandam. MPC will deliver electricity to Oman’s Rural Areas Electrical Company (Raeco) under a 15-year power purchase agreement. MPC was established in 2014 by Oman Oil and Korea’s LG. It will burn gas supplied by Oman Oil’s adjacent Musandam Gas Processing Plant. Raeco oversees a total 29...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015