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IEA Slashes Non-OPEC Supply Growth projections
....54mn b/d in 2017 and 32.12mn b/d in 2020. Overall, the IEA expects the ‘Call on OPEC’ to increase 2.68mn b/d between 2014 and 2020. And with total capacity in the group’s 12 members rising 1.22mn b/d over this period, “barring any disruption, the group’s spare production capacity is expected to remain am...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Abu Dhabi Plays High Stakes Oil Game
...noc) to help evaluate the Hail Dalmah and Ghasha fields in a program that will run until 2017. Houston-based Oxy will have a 30% stake in a joint venture with Adnoc to evaluate development prospects for the two fields by running 3D seismic surveys, drill appraisal wells and conduct engineering studies fo...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Cost Blow-Out For NZ Steam Injection Project
...ck a final investment decision (FID) until the start of 2017 at the earliest. Therefore, Mr Shammari said that the first phase of the EOR scheme would likely start up in 2020 (MEES, 2 August 2013). Typically, it takes about 12 months for injected steam to begin boosting production. Ba...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Cyprus Peace Hopes See East Med Gas Export Options Multiply
...th it the need for bigger markets such as Turkey. While the 10 tcf Tamar field is being ramped up, Noble and its Israeli partners Delek Group, Avner and Ratio Oil await government approval for development of the aptly named 19 tcf Leviathan field. Drilling is slated to begin by 2015, and first gas by 2017...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Oman Products Pipeline Plans
...ys for supply of products to distributors. The terminal and pipeline to Sohar refinery are scheduled to become operational in the first half of 2017. The pipelines will be reversible, with a computer-controlled buffering system to separate product streams. Orpic CEO Musab al-Mahruqi says: “As a mu...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Algeria Plans 3Mn T/Y Skikda Petchems Plant
...vive Algeria’s petchems sector” – from the nearby refinery (MEES, 6 December 2013). Besides replacing Skikda’s petrochemicals plant, Mr Yousfi is also considering building a regional petrochemicals hub at Biskra, to be centered around a 100,000 b/d refinery, which is scheduled for 2017 start-up. Th...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Algerian Electricity: Ambitious Plans Vs Tricky Reality
...ALGERIA Algerian Electricity: Ambitious Plans Vs Tricky Reality Noureddine Boutarfa, CEO of Algerian state utility Sonelgaz says it will bring 18GW of generating capacity online by 2017. Yet, speaking on state radio this week, he also said increased electricity and gas pr...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Egypt Struggles With Gas Supply Challenge
...lumes, or if one or more than one winner were likely, Egypt is thought to be looking to secure 2mn t/y. Deliveries could be made to either the Mediterranean or Red Sea coast, according to the tender conditions. It is envisaged imports will be until 2017-18 when Cairo hopes BP’s WND will be hitting full vo...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
BG Egypt Output Hit By WDDM Compression Failure
...d-2015, and all future receivables would be current by 2017. However achieving this is reliant on a positive outcome to ongoing negotiations with EGPC, as well as on future production hitting target levels, BG cautions. BG’s other key Egyptian asset, the Rosetta field “has been producing to pl...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Japanese, French, Move To Secure Abu Dhabi Concessions
...18 NA 0 (start up in 2016) 100 by 2017-18 Umm al-Anbar Adoc JX Nippon 31.5, Cosmo Oil 63.0, TEPCO 1.8, Chubu 1.8, Kansai 1.8 2042 15...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
LNG: Qatar’s Russian Strategy – Compete Or Collaborate?
...kyo, compared to almost 3 weeks’ from Qatar. This is scheduled for first phase completion by 2017-20. Gazprom may subsequently increase its capacity to 25mn t/y, but has not provided a specific timetable (MEES, 21 September 2012). Russia may also compete with Qatar in Europe if it goes ahead wi...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
IMF Says Morocco’s 2012 Growth Slows To 3.2%
...14 2015 2016 2017 2018 Output and Prices (Annual % Change) Real GDP 3.6 5.0 3.2 4....
Volume: 56Issue: 07Published at Fri, 15 Feb 2013