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  1. Qatar Faces Cost Blow-Out In Drive To Redevelop Bul Hanine

    ...r crude production. In the April report, QNB says that it expects oilfield redevelopment to only sustain current levels of crude output. Last year, however, QNB forecasted a growth in crude production to 800,000 b/d by 2017. The bank’s recent break with optimism is in stark contrast with earlier pr...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014

  2. Delek Raises Funds To Drive Offshore Israel Development

    ...oduction platform to the wellhead has a capacity of 12 bcm/y (1.16bn cfd). The third pipeline would likely cost $200-300mn and be completed by 2017, according to Israeli daily Globes. Moody’s rating agency gave the bond, issued on 28 April, a Baa3 rating (investment grade, though only just) lowest due to...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014

  3. Leviathan Eyes Cyprus Tender; Cyprus Eyes LNG

    ...ns of LNG. First gas is to be delivered between 1 January 2016 and 30 June 2017. The tender expressed no preference for pipeline or LNG delivery. With Cyprus having no current LNG import infrastructure, any offer involving LNG would have to factor in the cost of building such plant. MEES un...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014

  4. UAE Considers Long-Term Power Strategy

    ...lar plant in its solar park 50km south of Dubai city, due online in 2017. Small renewables units are ideal for single-site projects: Dubai’s International Humanitarian City complex is installing 5.6MW of rooftop solar capacity. Conventional projects are also planned. Abu Dhabi’s TAQA and the Fe...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014

  5. Saudi Arabia Sees No Need For OPEC Output Hike

    ...ghly ambitious 5.7mn b/d by 2017, up from 3.7-3.8mn b/d today (MEES, 18 April). OPEC’s production, according to MEES surveys of monthly output, rose above the OPEC-12 ceiling of 30mn b/d in February, but has since been below target, largely because of Iran and Libya. Yet Mr Naimi says the focus sh...

    Volume: 57
    Issue: 20
    Published at Fri, 16 May 2014