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Qatar’s Energy Minister Pledges To Reverse Production Decline
...d been delayed as an overheated construction market pushed its price tag up to $6bn. But the multi-billion dollar price tag for Bul Hanine redevelopment indicates how seriously Qatar is taking the output decline. Dr Sada became minister in January 2011, when previous energy minister 'Abd Al...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Successful Licensing Round Launches Cyprus Hydrocarbon Push
...ccess in the Levant Basin in recent years, including a discovery of 5-8 tcf of natural gas in Cyprus’ Block 12 in December 2011. Asked why it chose not to participate, Noble told MEES in a statement that its decision “is based on a determination to concentrate Noble’s human and financial capital on the ap...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Sadara Seeks Funding Amid Saudi Liquidity, International Lender Uncertainty
...e approach to ECAs just after the final investment decision was announced on 25 July last year (MEES, 8 August 2011). It was only once meetings were wrapped up with the ECAs – they finished in April – that banks were officially approached. Saudi institutional lenders, the Public Investment Fund (PI...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Yemen LNG Pipeline Hit Again As Hadi Steps Up AQAP Offensive
...e key pipeline, which to this day has not yet been repaired (MEES, 24 October 2011). International oil companies (IOCs) meanwhile are remaining very cautious with regard to their short term plans in Yemen, with most admitting a return of foreign staff to the Gulf state is still far off. “Th...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Tunisia: Oil Production Slump Exacerbates Budget Shortfall
...TUNISIA Tunisia: Oil Production Slump Exacerbates Budget Shortfall Tunisia, the country that started 2011’s Arab Spring, was much less rocked by violence than neighboring Libya and nearby Egypt. But economic and political turbulence combined with a (largely unrelated) slide in cr...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Ankara Assumes Critical Regional Energy Role
...ake in the OMV-operated Bina Bawi block for $175mn. Bina Bawi has run into problems on wells since striking oil in 2010. A second well was abandoned in late 2011, while a third found hydrocarbons, but failed to reach target depth. But partners have confidence in the block and are eyeing an, albeit de...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Qatar Sees World Cup As Catalyst For $200Bn Development Outlay
...uivalent units (TEU) of volume per year in addition to 2mn tons of general cargo. In March 2011, the first major construction contract was awarded to China Harbor Engineering Company for $880m in marine works. By 2025, when fully operational, the second to fifth phases of the new port would each in...
Volume: 54Issue: 21Published at Mon, 23 May 2011 -
High-Level Political Intervention Defuses Basra Oil Protests
...mmercial discoveries permitting, it could be in a position to start production in early 2012, MEES understands. ShaMaran is acquiring seismic data on its Arbat block, with a view to starting drilling late 2011/early 2012....
Volume: 54Issue: 21Published at Mon, 23 May 2011 -
Energy Decisions Loom For Cyprus As Island Seeks To Make Best Of All Options
...ter the results of Noble Energy’s initial drilling in Block 12 are known, but throughout the early months of 2011, a number of oil companies have visited the Ministry of Commerce, Industry and Tourism and the Department of Energy in Nicosia, to inquire about the island’s offshore prospects. Only Block 12...
Volume: 54Issue: 21Published at Mon, 23 May 2011 -
BP Wins ‘Game-Changing’ Terms For Nile Delta Offshore Block
...cilities project, by the year-end and Phase 8, which will involve drilling 10 wells, by the end of 2011. Each phase is expected to cost $1bn. The last two will not increase production, but will maintain the output level. Mr Sufi told MEES that BG will finish two more wells on the El-Manzala and El-Burg co...
Volume: 53Issue: 21Published at Mon, 24 May 2010 -
BP And BG Ready To Declare Commerciality On Critical Omani Gas Projects
...ant. It expects to produce 200mn cfd from its Khazzan and Makarem fields in 2011. BG has a simpler project – handling only one fairly uniform reservoir – although being tight gas means it needs a lot of wells. BG will recover much less gas than BP, which is developing 20-30 tcf of gas in place. BP ex...
Volume: 53Issue: 21Published at Mon, 24 May 2010 -
CIS Development Hinges On Security And Cooperation
...tlined Phase 1 development plans. A final investment decision (FID) is due to be made on offshore and gas export facilities in March 2011, and another FID is due the following December concerning the LNG plant. The drivers in this project, Mr Madeo said, are the schedule, capital and operating ex...
Volume: 53Issue: 21Published at Mon, 24 May 2010 -
MENA Petrochemicals Producers See Ambitious Expansion Plans Held Back By Rising Costs
...ES, 5 March 2007). EMethanex, Damietta EMethanex 60%; Egyptian government 33%; Apicorp 7% 1mn t/y methanol capacity due 2010, additional 260,000 t/y due 2011. Financing closed (MEES, 11 June 2007). Sidi Kerir PE, Bu...
Volume: 51Issue: 21Published at Mon, 26 May 2008 -
Qatar Cautious On GTL Development Timings As EPC Costs Soar 40-50%
...d. An EPC is scheduled to be awarded in 2Q 2007 with commercial start-up set for 1Q 2011....
Volume: 48Issue: 21Published at Mon, 23 May 2005