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Majors Caught In Gulf Investment Dilemma
...8 25-30% in 182,000 b/d RasGas trains, 10% of 51,000 b/d Qatargas 1, 30% of 42,000 b/d Qatargas 2 Train 4, 18.75% of 42,000 b/d Qatargas 2 Train 5, 100% of 29,000 b/d Al-Khaleej 1, 80% of 60,000 b/d Al-Khaleej 2, 7% of 110,000 b/d Barzan on stream 2014-15 Sh...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Contractor Shortage Sets Back Libyan Production Ramp-Up
...se in Libyan output. Wintershall Woes Germany’s Wintershall – a subsidiary of chemicals giant BASF – says that raising production on its two Sirte basin blocks from 80,000 b/d to the pre-Revolution average of 100,000 b/d will likely take until 2014. The company had previously said th...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
UAE Gas Projects Advancing Towards Completion
...ortage of at least 2bn cfd of gas each summer. Al-Hosn, a joint venture (JV) between state-owned Abu Dhabi National Oil Company (ADNOC) 60% and US independent, Occidental Petroleum (Oxy) 40%, is set to complete the Shah ultra-sour gas field development in 4Q 2014 – producing 1bn cfd of wellhead ga...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Tullow Consolidates Mauritanian Position Ahead Of Key Drilling Campaign
...ead of a 2014 final investment decision on development of its 1.5tcf Banda gas field. Tullow is acquiring Malaysian firm Petronas’ operator’s stake in the C-6 block taking its share to 88%. This follows last year’s purchase of Australian independent Roc Oil’s minority stakes in C-6 and si...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
South Sudan Plots New Oil Concession Sales
...nk in order to kick-start construction on its side, without specifying amounts. 2014 A Pipedream? This, the minister said, left him optimistic that South Sudan may even be able to export its oil via Lamu before the end of next year. “The impression we are getting from the international co...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Jiddah South Contract Awarded To Mitsubishi
...ptember 2014 and March 2015. The plant will be the first heavy oil fired supercritical power plant in Saudi Arabia. The use of supercritical boilers – Mitsubishi says these units typically operate at a 250 atmospheres pressure and temperature of 600°C – enables operating efficiencies of 40%, compared with ar...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Egyptians Rush Into Dollars, Fearing Pound’s Collapse
...owth rate of 3.3% in fiscal 2013 and 2014, but stresses that this would be below that necessary to generate sufficient job opportunities for some 700,000 new entrants to the labor market each year. ...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013