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Qatar Petroleum Moves To Take Full Ownership Of LNG Facilities
...ctor in recent years, especially following Mr Kaabi’s appointment as Managing Director and CEO in 2014 (MEES, 19 September 2014). The state firm has taken a firm stance with IOCs, opting to either tighten contractual terms or take over concessions entirely upon expiry. When Total’s PSA for the 25...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Long Delayed Barzan Gas Project Starts Up
...ExxonMobil confirmed in its recently released 2020 Annual Report that “The Barzan project started up in 2020.” Qatar's $10.3bn, 1.4bn cfd Barzan project (QP 93%, Exxon 7%) development has been a lengthy saga, with start-up ultimately coming six years after its initially planned 2014 date (ME...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Gaza Gas: Still Under Water
...t alone any revenue from any additional gas sales (MEES, 30 May 2014). But today, amidst a seemingly endless security crisis, development at Gaza Marine is a political risk that trumps a crack at a relatively modest upside. GAZA MARINE FIELD, SURROUNDING GAS INFRASTRUCTURE TALKS WI...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Petrofac Becomes Yet More Dominant In Kuwait
...d-2020. GC-32 will “have the capacity to produce around 120,000 b/d of oil per day together with associated water, gas and condensate” according to Petrofac. The initial Feed contract was completed in December 2014 by Amec Foster Wheeler, but Kuwait delayed putting the key EPC contract to tender. Ac...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Hungary’s Mol - Mena Profile: No More Chasing Barrels
...Hungarian integrated oil firm Mol has had to reshape its upstream operations in light of the 2014 oil price crash. Upstream Executive Vice-President Dr Berislav Gaso tells MEES how it has slashed production costs and that despite setbacks, Mol still sees the Middle East as important. Hu...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Oman Output Set To Keep Edging Up
...come a frequent buyer. EXPORT REVENUE SINKS Tumbling oil prices mean that revenues fell by more than 40% last year according to the National Centre for Statistics and Information (NCSI). Oil and gas sales generated OR13.4bn ($34.7bn) in 2014, but just OR7.8bn ($20.15bn) last year. Non-oil revenue fe...
Volume: 59Issue: 13Published at Fri, 01 Apr 2016 -
Eni Follows BP, Chevron, QP In Looking To Strike Big On Morocco’s ‘Atlantic Margin’
...ock’s prospects may be substantive. Australian LNG-focused Woodside took a 25% stake last year – the firm’s sole interest in the MENA region alongside a 100% share in the Rabat Ultra Deep ‘reconnaissance permit’ yet further offshore (MEES, 28 November 2014). Stakes are now Eni 40% operator, Woodside 25...
Volume: 59Issue: 13Published at Fri, 01 Apr 2016 -
Chazen Elaborates As Oxy’s Middle East Asset Sale Falls Apart
...ll, Mr Chazen said that he expected the asset sale to be finalized in the first quarter of 2014; however, this proved impossible, thrown off by the complications of the deal. In a nod to the earlier troubles in executing the deal, Mr Chazen said this week: “At their [the NOCs] suggestion, we’ll pr...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
‘New Eni’ Reduces North African Exposure
...0 600 >90% CAFC Gas* Algeria 13-Mar 5 * 70 >90% Wafa Compression Libya 2014 60 37 460 47...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013