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Saudi Aramco Oil, Gas Reserves At All-Time High
...ightly behind schedule in mid-2016 rather than in 2015 as announced previously. There was no mention of Khurais, which is being expanded to produce 1.5mn b/d of Arabian Light by 2017 from 1.2mn b/d currently. The latter project appears to have been superseded by a revamp of the Dammam field, one of the ea...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Morocco’s $4.6bn LNG Scheme Continues To Drum Up Interest
...edstock. According to the roadmap, it will take 48 months to build the planned LNG regasification terminal (starting from October 2017), 36 months for the jetty and 36 months for new CCGTs. The roadmap does not say which plants will be included in the 2.7GW target. The ONEE, the national office for el...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Aramco Boosting Refining Capacity, Plans ‘Value-Maximizing’ Integration
...a short period. In 2014 Aramco also started building a 400,000 b/d refinery at Jazan. Commissioning is due to start in 2017, but this may slip if local security worsens. Satorp is “one of the largest, most complex refineries in the world,” capable of fully converting 400,000 b/d of Arabian Heavy cr...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Saudi Power Expansions: Not Only More Capacity, But More Efficient
...,700 b/d of Arabian Light crude oil. The upgrade involves the addition of four HRSGs and one steam turbine and is due for completion in early 2017. Amec Foster Wheeler says the upgrade will add 147MW of capacity “without increasing the fuel consumption.” Amec Foster Wheeler is also supplying six HRSGs fo...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Dark Horse GS Energy Makes It To Adco Finish Line
...w Adco concession in January, and Inpex, leaving 22% still open for foreign participation. The Abu Dhabi National oil Company (Adnoc) retains a 60% controlling stake in the restructured Adco, which manages 15 onshore fields currently producing 1.6mn b/d and due to rise to 1.8mn b/d by 2017. GS En...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Libya Could Run Out Of Cash Sooner Rather Than Later
...sses of $2.4bn a month. If the rate of decline continues, reserves would be exhausted by August 2017. But in the past two years, the depletion in reserves has been accelerating, meaning that Libya could run out of funds by early 2017, according to MEES calculations. The IMF, in its latest regional ec...
Volume: 58Issue: 20Published at Fri, 15 May 2015