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A Tale Of Two Libyas As Jihadists Step Up Oil Field Attacks
...ntract on the project. The two fields were expected to add 180,000-200,000 b/d by 2017 (MEES, 9 November 2012). According to ConocoPhillips, its 2015 drilling program in Libya “remains uncertain as a result of the ongoing civil unrest.” The company completed four appraisal wells in 2014, it says, bu...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oxy Angling For Adco Stake In Gulf Divestment U-Turn
...mediately, increasing to 180,000 b/d from 2017, when the 1.8mn b/d target is attained. All the legacy partners lost bookable reserves and production of roughly 150,000 b/d, which has been reflected in their 2014 results. Adnoc sweetened the terms on offer for the new concession, raising the per barrel pa...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oman May Cut Oil Investment If Oil Prices Remain Subdued
...owing domestic demand, until the planned 2017 start-up of the BP-operated 1bn cfd Khazzan tight gas project in Block 61. Both of these targets require a heavy reliance on key producer Petroleum Development Oman (PDO: Oman 60%, Shell 34%, Total 4%, Partex 2%), which delivered close to 70% of the su...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oman’s OPWP Seeks Salalah IWP Advisor, Progressing Other Projects
...ant at Sohar, which both lie on the northern Gulf of Oman coast. Earlier OPWP signed a build-own-operate agreement with a consortium led by Singapore’s Hyflux for a 200,000 cmd IWP to be built at Qurayyat, east of Muscat on the Gulf of Oman coast. Commercial operation is scheduled to begin by May 2017...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Jazan IGCC Comes Into Focus As Saudis Streamline Their Power Options
...exibility. Saudi Aramco has confirmed that the capacity of the integrated gasification combined cycle (IGCC) power plant being built at Jazan will be 4GW, with start-up in 2017-18. The plant is a key part, along with a 400,000 b/d capacity refinery, of a $20bn government program to develop one of the ki...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Saudi Arabia Takes Lesson From History
...ojects in its business plans to 2017, below current price levels for Brent crude, though above US marker WTI, which has recently traded at a discount of up to $10/B to Brent. ...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
For KRG All Roads Lead To Turkey
...ate banks are also expected to finance a proposed gas pipeline from the Kurdistan region, says Mehmet Sepil, President of Anglo-Turkish Genel Energy, which will supply the gas from its Miran and Bina Bawi gas developments in Iraqi Kurdistan starting in 2017. SOFT TURKISH LOANS Mr Sepil said on...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Dea Looks To Expand With $10Bn War Chest
...5mn cfd 56mn cfd $585mn 2017 Libya: NC193,195 100% n/a 30,000 b/d 30,000 b/d $500mn 20...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
BP Still Owed $2.3Bn In Egypt
...ak production,” BP North Africa President Hesham Mekawi says. All gas will be delivered to the domestic market. Under amendments to the development agreement, approved by the Egyptian cabinet on 18 December, BP agreed to expedite development with first gas by 2017 in return for a further hike in ga...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
More LNG Import Deals?
...EGYPT MORE LNG IMPORT DEALS? Egyptian Oil Minister Sharif Isma’il says that there is a “very high possibility” that Egypt will agree additional LNG import deals with Shell and Total to cover the period 2017-20. Egypt recently signed five LNG import deals, including with BP, totalling ar...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Jordan Advances Gas Strategy With Shell LNG Supply Deal
...peline plans currently stand, a 2.5mn b/d line will connect Basra oil to Haditha. A 1,000 km, 1mn b/d line will then connect Haditha to ‘Aqaba, with first oil through the pipeline expected by end of 2017 or beginning of 2018 (MEES, 28 February). Iraqi Crude Supplied To Jordan By Truck (‘000 B/D)...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Egypt Eyes Iraqi Gas
...e transit of 1mn b/d of crude, whilst a parallel gas pipeline would carry 138mn cfd (MEES, 28 February). Both are slated for completion in 2017 or early 2018. Once an exporter of gas to Jordan, Syria and Israel, Egypt is now struggling to meet its domestic demand, and is forecasted to slump in...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
KRG Boosts Oil Sector Integration With Bazian Refinery Expansion
...mplete the Bazian CDU and utilities by the fourth quarter of 2016 and the upgrading units by the fourth quarter of 2017, with a view to commercial operations by the start of 2018. To coincide with the refinery expansion, Qaiwan also plans to build a 120km, 18-inch pipeline with capacity to carry 12...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Algeria Confirms Six CCGT Awards, Plans New Solar, Mobile Units
...e plants will begin operating in open-cycle mode in 2015 and in combined-cycle mode in 2017 (MEES, 20 December 2013). Samsung C&T says its EPC contract is valued at $1.37bn, while plant capacities will be 1.45GW at Mostaganem and 1.163GW at Naama. Earlier Duro Felguera announced that Djelfa ca...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Oman LNG Exit May Leave Qatar As Sole Exporter
...pacity – just enough to meet term contracts. It hopes BP’s tight gas project coming on stream in 2017 will temporarily ease the crisis. Abu Dhabi could end LNG production in March 2019 when a contract expires to sell 4.7mn t/y to Japan’s Tokyo Electric Power Company (TEPCO). By then, the two 1m...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
QP And Shell Award MEG Plant FEED Contract To Fluor
...ggest they are looking to a 2017 start-up. Qatar’s Minister of Energy and Industry Muhammad al-Sada said: “The Al-Karaana petrochemicals complex has been envisioned to further boost Qatar’s rapidly growing stature in the global petrochemicals industry.” MEG Market Global demand for MEG was es...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Kuwait’s Jurassic Gas Project Hits More Problems
...ird said the 530,000 b/d plan can be expanded to 615,000 b/d if Kuwait’s heavy oil projects are successful. Mr Rashdi hopes to commission the 615,000 b/d version in 2017. However, the project – first planned in the early 1990s – was blocked by parliament’s objection in 2009. Its contract award was su...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Edison And DEPA Persist With ITGI, Pursue Other Supply Options
...seidon partners, Italy’s Edison and Greek state utility DEPA, could take their final investment decision by mid-2013, whereas the preferred TAP project aims to become operational in 2017. “If Shah Deniz expects to ship gas to the European Union by 2018 then a final investment decision (FID) will have to be...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Baghdad Eyes $500Bn Energy Spend To 2030
...enarios – with the figures referring to nominal 2017 production targets. The study is being coordinated by the office of Thamir Ghadhban, head of the Iraqi Prime Minister’s Advisory Commission. Originally it was to have been completed by the end of the first quarter, but the intrinsic complexity of...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
TAQA Taps Malaysia Investors Via $215Mn Ringgit Issue
...nditions, said the spokesperson. In December TAQA issued Regulation S/144a bonds, which allow them to be sold into Europe and the US respectively. The issue includes $750mn of bonds due in March 2017 at 4.125% and $750mn due in December 2021 at 5.875%....
Volume: 55Issue: 10Published at Mon, 05 Mar 2012