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Israel: Lots Of Gas But Where’s The Market?
...nceptual development plan released in March says it has completed the engineering feasibility study and is targeting FID by the end of 2017. “Base case is a gas FPSO with gas pipeline to shore and offshore liquids offloading. Energean’s intent is to execute the project via an established deepwater co...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Gas Ousting Coal
...%. ISRAEL ELECTRIC CO^ FUEL MIX (%) 2017 FORECAST PRESUMES 20% PLANNED RISE IN GAS USE IS HIT WHILST OIL BURNING IS ENDED. ^IEC ACCOUNTS FOR 72% OF ISRAELI GENERATION CAPACITY. SMALLER GENERATORS ARE SOMEWHAT MORE RELIANT ON COAL. SOURCE: IEC, MEES CALCULATIONS....
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Oman LNG Records Rare Output Rise, But Revenue Falls Regardless
...cent levels. Any continued recovery, and there has been in the first two months of 2017, is likely to be relatively modest. Slow demand growth and the onset of fresh supplies from competitors such as Australia will extend the current supply glut for the next few years. EXPORT DESTINATIONS IN...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Oman, Kuwait Sign Multi-Billion Refinery Deal
...ll be awarded in the next two months and that the foundation stone for the project will be laid at the end of 2017. UK’s Amec Foster Wheeler completed front end engineering design for Duqm refinery recently, while DRPIC has completed prequalification and invited bids for the EPC work. Mr Zedjali sa...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Record US Oil Trade Belies Protectionist Rhetoric
....30mn b/d were only just below the four-year high of 10.34mn b/d set in Q3 last year. All this means that gross US oil trade – imports plus exports – hit a massive record of 16.24mn b/d. The equivalent a full 17% of the world’s oil output in the first three months of 2017 was either imported to or exported fr...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
BP Poised For Strong Year In Mena
...BP had a mixed 2016 in Mena with liquids output edging up while high natural decline rates at its Egyptian gas assets saw overall gas output fall. But with key startups set for the second half of the year and BP’s return to Abu Dhabi’s onshore, 2017 is set to be a major year. Recent years ha...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Shifting Sands: Saudi Arabia’s PIF’s Changing Strategy
...o months of 2017. As the world’s biggest energy user, China is growing more reliant on crude imports. Economic growth has spurred higher demand, and falling domestic production has exacerbated the need for imports. The IEA projects demand to grow 340,000 b/d in 2017, in line with last year’s gr...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017