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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