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Kurds Warn Over Oil Payment, Kirkuk Field Rehabilitation
...ocks to ExxonMobil (MEES, 21 November 2011). Citing Article 112 of the constitution, the KRG demanded both the governorate of Kirkuk and the KRG “be present with the federal government in any discussions and agree over the Baba structure’s development.” Kurdish Peshmerga forces control parts of...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Libya Stalemate On Exploration Restart
...-'Abdaly, Chairman of NOC’s Jowfe Oil Technology spoke of the efforts to get the Oasis (Waha) export terminal of Sider back on-stream late last year (MEES, 26 December, 2011). With some of the war’s most intense fighting nearby, the terminal suffered “complete destruction of the metering system…the he...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
SEC Sees Orders Of $18Bn For Debut International Sukuk
...ternational paper last year when it mandated HSBC and Deutsche Bank to organize its first dollar-denominated sukuk issue. At the time bond specialists had suggested that it would probably take until early 2012 to prepare the issue for market (MEES, 6 June 2011). The sukuk were issued under regulation ‘S’ wh...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Greece-Cyprus-Israel Energy MOU Postponed Indefinitely
...s capacity as the foreign minister of the Constantine Mitsotakis government in 1990, visited Israel in December 2011 and reconfirmed his support for Mr Papandreou’s policy. Following a meeting with Israeli Prime Minister Benjamin Netanyahu, Mr Samaras, whose party Nea Demokratia is leading the polls ah...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
IOCs Offer Abu Dhabi CO2 Technology To Secure Oil Fields
...rub out residual oil that has migrated through rock on its way to a reservoir during the reservoir’s formation, making more oil recoverable. In the pilot scheme there was no scaling, which would have indicated dissolving of the carboniferous rocks. The 60 t/d (1.2mn cfd) pilot started in 2009 and by 2011...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Egypt’s Ghurab Prepares For Oil Industry Restart
...e becoming an ever more critical issue. “This financial year [1 July 2010-30 June 2011] we estimate we will spend £E82bn ($13.6bn) in subsidies,” the senior Egyptian oil source says. “We can’t afford that. We can deal with £E50bn…no more,” he adds. The finance ministry “just says ‘you sort it ou...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
Halliburton Announces Manifa Development Acceleration
...e to come on stream in 2011, but as costs escalated and projections on the call on Saudi crude were drastically reduced in the wake of the global financial crisis, the project was delayed. Saudi Aramco’s Annual Review 2009 stated that Manifa would come on stream in 2013 at 500,000 b/d, with the fu...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
LNG-Powered Vessels – A Potential Game Changer In Shipping
...wered vessels in operation – mainly smaller vessels in Norway. By the end of 2011 the first ocean-going LNG powered chemical tanker will begin operations. Large container vessels and cruise ships are expected to follow. The growth in international gas-fuelled shipping is held up by the lack of in...
Volume: 54Issue: 14Published at Mon, 04 Apr 2011 -
‘Cancun Declaration’ Looks To Intensify Producer/Consumer Dialogue
...equently. The charter should be approved at a ministerial meeting which is scheduled to take place in Riyadh by March 2011. Delegates met in a “completely different energy landscape” from the last meeting in Rome two years ago. The oil market turmoil of 2008 has been the catalyst for driving this ex...
Volume: 53Issue: 14Published at Mon, 05 Apr 2010 -
Libya’s Gas Export Plans Hampered By Rising Local Demand, Lack Of Discoveries
...ound 70,000 b/d. The field is also producing 3mn cfd of associated gas, which will rise to 16mn cfd when it is fully developed by 2011 (MEES, 17 November 2008). Repsol Upstream’s Regional Executive Director of Europe, Asia and Africa Alvaro Racero told MEES that the produced gas will be burnt at th...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Refining At A Crossroads
...t this year is forecast to fall to around 320,000 b/d, before slipping under 250,000 b/d in 2010, and then climbing back to 250,000 b/d in 2011, suggests Mr Poegl. In the Middle East, gasoline consumption is expected to increase by 422,000 b/d or 2.8% per year from 2008 to 2020. If plans are re...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
GCC Downstream Drive Ploughs On
...s for power generation and petrochemicals for its Yanbu΄ project, has yet to receive a gas allocation, MEES understands. And the need for gas could delay the project further. With 48-month construction contracts, the projects will likely start up 2012-13, compared to original 2011 target. The Saudi Oi...
Volume: 51Issue: 14Published at Mon, 07 Apr 2008