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The UAE Gears Up For Second FSRU As Fujairah Terminal Looks Uncertain
...mestic gas production has failed to keep pace with local demand, the UAE has been forced to plug the gap with pipeline imports from Qatar via the Dolphin pipeline. Imports through the link were recorded at 18 bcm in 2014, while production stood at 57.8 bcm and consumption at 69.3 bcm. But the supply gap is...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Sipchem Plans Sukuk To Diversify Funding Sources
...rk is intended to increase the reliability and efficiency of the units. In 2014 Sipchem and fellow Saudi petchems middleweight Sahara Chemicals had planned a merger to bring “significant synergies” in operations and create a strong platform for growth. The companies abandoned the plan, citing pr...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
OPWP Pushing Spot Market Development, Eyes GCC Electricity Trading
...ility delivered a total 31.29TWh of electricity in 2015, an increase of 15.5% over the 27.10TWh supplied in 2014. At the same time, OPWP supplied 242mn m3 of desalinated water in 2015, which was 17.5% higher than the 206mn m3 delivered in 2014. Despite the double-digit rises in electricity and water de...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
UAE Tendering 1.15GW Of Solar, Dubai Receives Record Low Bid
...oject, a 100MW solar PV plant to be called Noor. Masdar had been lined up to develop the project, but the state renewables firm’s proposed price for supplied electricity was seen as a major sticking point (MEES, 31 January 2014). While both Dubai and Abu Dhabi are pursuing large scale solar projects, De...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Iraqi Crude Export Volumes Approach Record Highs
...e highest since November at 431,000 b/d. Meanwhile, levels of direct crude burn for electricity generation fell to the lowest level since March 2014. Moreover, the 109,000 b/d was just 2.5% of overall production last March, the lowest in percentage terms since May 2013. However, the average Q1 di...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Global Military Spending Up In 2015, Saudi Arabia In Third Position
...untry in the Middle East and North Africa region, according to a recent report by the Stockholm International Peace Research Institute, published in April. The kingdom’s $87.19bn expenditure in 2015 was almost four times that of the UAE, which ranked second in the region (based on 2014 figures), and mo...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Tamar Gas Gives Noble East Med Boost
...rkey, and progress here is slow. The field itself is 130km from shore in 1,700ms water depth. The original development plan, filed in December 2014, envisaged a 16.5 bcm/year (1.6bn cfd) floating production storage and offloading (FPSO) vessel to be tied-back to shore – exactly where was left un...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Service Firms Merger No Go
...November of 2014, to a low of just over $26 in February of this year, while the global rig count has gone to a 17-year low and you all know what has happened in North America, where each week we've seem to hit new historical lows,” he says. On 29 April the US rig count fell to just 420, as up...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Japan Takes In More Opec Crude And Condensate As Imports Rise In 1Q16 ('000 B/D)
...*ALL USA SINCE 2014. 2011 VOLUMES INCLUDE CANADA....
Volume: 59Issue: 18Published at Fri, 06 May 2016