- Sort by:
- Score
- Published ▼
-
Iran Beats The Odds With 20% Gas Output Hike
...2014 2020+ 2.00 77 15,16 94 2011 2015-16 1.80 80 17,18 88...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Kuwait To Invite IOCs To Bid On Expansion Projects
...rst phase, rising to 270,000 b/d by 2020 and to 270,000 b/d by 2030. Kuwait, which has managed to raise its non-associated gas production since 2011, is targeting a doubling of its gas production capacity to 3bn cfd by 2030, largely from its northern gas fields. But as with most of its major ca...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
US Production Hits Record 9.4mn B/D In February After Record 2014
...13 2014 ‘000 b/d % 2013 2012 2011 2010 2009 2008 Feb-15* Ja...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
OPEC On Autopilot Till June
...tiyah, who served from 1992 to 2011, says there is a solution so long as non-OPEC producers do not just sit back and allow OPEC members to take on the full load of a cut. They must not only join in a production cut, but also comply with any such pledge, he adds. Mr Naimi and the UAE Energy Minister Su...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Libya: Talks Postponed As Jihadists Step Up Oil Field Attacks
...rst, in February 2011, just before the country fell into civil war, was a success. Three more wells were drilled in 2013 with one success. The October 2013 well on Block NC-115 which tested the Waha prospect encountered “very promising flow rates” of 39°API crude. Of the three 2014 wells, OMV an...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Algeria Confronts Libya Spillover Threat
...li, in 2013. For him, Algiers’ analysis of the situation in Libya has been proved right: back in 2011 it had warned leading members of the NATO-led coalition of the dire consequences of the manner in which they were intervening in Libya. Relations with Tunisia which is equally exposed to the de...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
BP Stakes Out Key Role In Egypt’s Gas Renaissance – If The Price Is Right
...rth of the city of Damietta and 45km to the north west of the Eni-operated Temsah offshore facilities. The North Damietta offshore block lies north of the BP-operated Ras El Bar and Eni operated Temsah and North Port Said blocks, which collectively produced around 1.1bn cfd for 2013. Meanwhile, BP in 2011...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
OPEC Faces $750bn Losses From Market Share Strategy
...nisters could do both simultaneously. Many outside observers and analysts (including ourselves) expected OPEC to pursue its price defense strategy by reducing its ceiling of 30mn b/d, in place since 2011. A cut to something nearer 28.4mn b/d, OPEC’s own projected global requirement for OPEC crude oil in...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Kurdish Oil Output Set To Rise But Exports Elusive
...tended well test in 2011-12, already has production facilities in place. Additional development wells at Sarqala, including the Hasira-1 well currently being tested, are expected to deliver additional volumes through planned expansions to initial production facilities that have a design capacity of up...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Cyprus Looks To Drilling Uptick To Boost LNG Plans
...public of Cyprus since Turkey’s 1974 invasion. Cyprus completed a first licensing round for exploration rights in August 2007 with one block – Block 12, at the far south of Cyprus’ Exclusive Economic Zone (EEZ) – awarded to Texas-based Noble Energy. The first exploratory well was drilled in September 2011...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Yemen: In With The Old, Out With The New
...leged to have been behind several attempts to bribe Yemeni officials to help it secure an extension to its contract on the prolific 35,000-40,000 b/d Block 14 license. Nexen denied the allegations and was ultimately unable to hold on to the block, losing operatorship to state-company PetroMasila in 2011 wh...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Iran, Oman Edge Closer To Gas Supply Deal
...ying: “contrary to other contracts, we have not agreed on a price.” History shows – especially in the case of Oman and Iran – that price can prove the thorniest of issues when negotiating such deals. The two sides came agonizingly close to striking a similar gas export agreement in 2011, only for ta...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Mideast Gas May Move To Europe If Russia Cuts Supply
...ti-government protesters have shut in oil and gas fields, resulting in the loss of Libyan gas flows through the subsea Greenstream pipeline, which have not been up to full volumes since the start of the uprising against Qadhafi in early 2011 (see graph 2). Turkey, particularly the western part of...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Qatar Faces Threat From US Shale – IMF
...ture fields, expected lower hydrocarbon prices, and growing nominal expenditures.” An easing of growth to around 6% for 2012 and 2013 from the stellar 13% increase posted in 2011 is largely the result of the long-standing and self-imposed moratorium on additional hydrocarbon production from the No...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Israel Attacks Gaza
...ccession as unrest spreads across the region in 2011. Parliament says that it will not hold the vote if the government expels Israel’s ambassador. ...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Domestic Upheavals Challenge Oil Industry In Iraq, Libya
...IRAQ/LIBYA Domestic Upheavals Challenge Oil Industry In Iraq, Libya Moves to less centralized structures, both planned and unplanned, in Iraq since the 2003 invasion and in Libya since Qadhafi’s 2011 ouster have left the oil industry in both countries in uncharted te...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
MEES Analysis: Gulf NOCs Go Global; Refining Leads The way
...ternational downstream, but it does not have as robust an international downstream strategy as Saudi Arabia. Abu Dhabi-owned International Petroleum Investment Company (IPIC) has long held equity in Spain’s Cepsa, and completed a takeover of the company in 2011. Cepsa has about 660,000 b/d of refining ca...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Hit By Subsidies At Home, ENOC Looks Abroad
...ofitability,” says ENOC chief executive Said Khury. “However, as a responsible government entity, we focused on optimizing resource use and maximizing productivity through strategic initiatives, which enhanced our performance.” He says revenues grew by 50% from 2011 to 2013, while profits rose by 39%, without re...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Kuwait Set To Double Budget Surplus
...riod (see table). Oil Dependence Kuwait is reliant on oil export revenue to finance 93% of the current budget, though this is down from 94.5% for 2011-12. Kuwait’s official budget for 2013-14, based on a highly conservative oil price of $70/B, contains a deficit of KD7.43bn. Kuwait budgets fo...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Iraqi Domestic Gas Pricing: Is Reform Needed?
...IRAQ Iraqi Domestic Gas Pricing: Is Reform Needed? By- Ali Merza* According to Iraq’s Integrated National Energy Strategy (INES), published last year, which projects total energy investment of $540bn (in 2011 dollars) in 2013-30, $95bn, or 18%, is earmarked for natural ga...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014