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Abu Dhabi Rejects ADCO Extension Request
...r a new ADCO shareholding structure by the concession’s official 13 January 2014 expiry. This will leave ADNOC operating the fields until the SPC makes the decision. Current ADCO partners are ADNOC 60%, Total, BP, Shell and ExxonMobil 9.5% each and Portugal’s Partex 2%. This would be a re...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Yemen LNG Sees Upturn In 2013 Fortunes
...creased revenues for San’a going forward; from 2014 there will be “no [price] ceiling” on sales contracts and “by 2015 most of the loans and the banks will be paid for…[LNG exports] will provide a significant portion of the state’s revenues.” Possible Expansion With Yemen having recently put 20...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
IEA: US Shale To Sideline OPEC Going Forward
...erging and developing economies exceed that in the advanced economies for the first time, the IEA says. Chinese demand growth meanwhile is set to slow from 2014 onwards as the country’s government tries to shift the focus of its economic policy from one of aggressive growth to one emphasizing more ba...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
IEA Sees Middle East Refiners Adding 2.5Mn B/D Of Capacity In 2013-18
...ant at Yanbu’, originally slated for 2014 completion, is now “scheduled for 2017-18.” Elsewhere, the region’s largest capacity addition will be in the UAE, where a new 420,000 b/d refinery at Ruwais is due online in 2015. “This high-conversion project,” says the report, “will process heavy re...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Qatar Awards Condensate Splitter Project To Chiyoda/CTCI
...pected to be commissioned in the second quarter of 2014. This will have capacity to process all the light gasoil from both LR1 and LR2 into ultra-low-sulfur diesel. Detailed engineering work for LR2 began in April. The front end engineering design (FEED) for LR2 was carried out by France’s Te...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Jordan Testing Interest In Waste-To-Energy Projects
...ES, 11 January). Six companies have recently submitted bids to build a 500mw oil shale power plant, with construction to begin in 2014 for start-up by 2017. The Kuwait Fund for Arab Economic Development (KFAED) is providing $150mn funding for a 65mw wind farm in Ma’an governorate (MEES, 10 May), wh...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Calls Mount To Change Saudi Subsidies
...oducts importer (MEES, 3 May). This fuel is purchased at market price internationally, yet it is then sold in the domestic market at the subsidized level. An end to transportation fuel imports should come with the start-up of two key refineries in 2014. French major Total will sell its own sh...
Volume: 56Issue: 20Published at Fri, 17 May 2013