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CNPC Kicks Off Halfaya Phase 2
...oject, the 535,000 b/d Halfaya development and partner with BP on the giant 2.85mn b/d Rumaila development - are spearheading the capacity drive.On 14 April, CNPC announced it had started construction of a 100,000 b/d, 60 well phase 2 for Halfaya. This is due to come on stream in “the second quarter of 2014...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
... SAUDI ARABIA Aramco Starts Up 900,000 b/d Manifa Field State-owned Saudi Aramco has started production at its Manifa oil field three months ahead of schedule, it announced on 15 April. It will ramp up production to 500,000 b/d by July and 900,000 b/d by end 2014...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Gulf States Reveal Shale Gas Ambitions
...ploration the Zagros region of western Iran before the end of the current Iranian year (20 March 2013 – 20 March 2014). Oman First Past The Finish Line? Of the Gulf countries though, Oman is likely to be the first to tap such unconventional deposits. The country has for some years now been st...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Qatar Tiptoes Into North American Upstream
...ns/year, is a joint venture between QP (70%) and ExxonMobil (30%). Among other projects, ExxonMobil has a 7% stake in QP’s 1.4bn cfd Barzan gas project, which is set to come online in 2014. In a joint statement, Centrica and QPI said that CQ Energy Canada Partnership (Centrica 60%, QPI 40...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Oil Exporters/Importers Performance Gap Shrinking, Says IMF
...lf Cooperation Council (GCC) countries. The report says additional oil supplies from Iraq and Libya are expected to more than offset a decline in oil exports from Iran in 2013, while lower net demand for Saudi crude exports could result in marginally lower production. Looking ahead at 2014, ov...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Cyprus Bail-Out Terms Signal Huge Policy Shift For Eurozone Bank Resolution
...idelines set in Frankfurt. The Eurogroup hopes that the SSM will begin operations in 2014. Furthermore, transactions - account opening and money transfers - will in future be subject to much greater scrutiny, removing one of the competitive advantages which Cyprus held over most Eurozone countries, where su...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013