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Hamad Bin Jasim Returns With $1.6bn Heritage Oil Takeover
...nths until reaching six active rigs in 2017, Heritage says. The block has 1.1bn barrels of remaining 2P reserves, of which Heritage’s net share is 277mn barrels, the firm says, adding that the block also contains 2.5 tcf of undeveloped gas, as well as “deeper exploration potential.” Production at OM...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
QP’s Strategy As US Tilts To LNG Exports
...at the US will be exporting 40mn t/y to 60 mn t/y by around 2020. Qatar also faces challenges from Australia, which is expected to produce 86mn t/y by 2020 – allowing for slippage on the 61.8mn t/y under construction due onstream by 2017. After 2020, up to 80mn t/y of East African LNG could also st...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
...hylene capacity rising by 3.7% a year in the medium term, to 183.4mn tons/year in 2017 from 147.6mn t/y in 2011 (MEES, 2 November 2012). Despite the shifting market economics, Gulf petrochemicals companies are pressing ahead with expansions. Gulf Petrochemicals and Chemicals Association (GPCA) Se...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Oman Reviewing Electricity Policy, Targeting Efficiency
...expected to see tenders for a total 2.0-2.5gw of IPP capacity being launched by next year, with a view to start-up in 2017-18. ...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Turkey Awards $22Bn Contract For Sinop Nuclear Plants
...it due to begin operating in 2010. Rosatom is expected to begin construction work for Akkuyu-1 in mid-2015, while civil works on Sinop-1 are slated to start in 2017 (MEES, 26 April). The Sinop contract was signed in Ankara by Turkish Prime Minister Recep Tayyip Erdogan and his Ja...
Volume: 56Issue: 19Published at Fri, 10 May 2013