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Tunisia: Key Gas Project Faces Further Delays As Unrest Grows
...ndane – a lack of investment. This has been due both to instability since the January 2011 revolution – instability in terms of uncertain terms and conditions as well as physical unrest – and, since mid-2014, lower oil and gas prices. Precisely zero new exploration permits have been awarded since the start of...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Egypt Gas Boost Cuts Import Needs, But Self-Reliance Still A Distant Goal
...covery, with BP’s 1.5 tcf Atoll set to add a further 300mn cfd from mid 2018. But even with the Nooros and WND boost, Egyptian output is only back to early 2014 levels: it is still some 1bn cfd short of the near-6bn cfd average of 2011 and 2012 (see chart – the Nooros field which is in shallow water but dr...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Egypt’s Petchems Boosted By New Gas – But Demand Also Rising
...r power and heat generation averaged 3.01bn cfd in 2016, equivalent to 74% of the total average gas production of 4.06bn cfd. The percentage of Egypt’s gas burned for power and heat generation has been rising sharply in recent years, from 45% in 2011, and the situation is likely to get worse since ga...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Neptune Goes Galactic With $5bn Engie Deal
...ey submitted a development plan in 2009 but nothing appears to have happened since, save Australia’s Woodside selling its 45% stake to the Libyan Investment Authority in 2011, with Engie taking over as operator the same year. Engie has several exploration concessions in the region, including in...
Volume: 60Issue: 20Published at Fri, 19 May 2017