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OPEC Output Edges Up In May
...oduction plateau from the previously agreed target of 12mn b/d by 2017 to 9mn b/d by 2018. And while talks continue on new lower plateau targets with ExxonMobil and BP on the 1.8mn b/d West Qurna-1 and 2.85mn b/d Rumaila field developments, negotiations with Shell over a new plateau target for the 1....
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
UAE’s Dana Gas Looks To Move On From Sukuk Troubles
...ior to the new maturity date of 31 October 2017 (MEES, 21 December 2012). The company eased its debt worries during the first quarter by selling about half of its 3% stake in Hungary’s MOL for $135mn. This left the company with a cash balance of $342m at the end of the quarter. Dana says it is...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Kuwait’s Oil Minister Under Political Pressure In Dow Ruling Fall-Out
...nd (IMF) said in a report in May that Kuwait will exhaust its foreign currency reserves by 2017 if it keeps on spending at the current rate. Mr Husain told state-owned news agency KUNA of the Dow deal investigation panel: “The panel will review the feasibility study of the project and the so...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Japan Pushes CCS To Secure Stakes In Abu Dhabi Offshore Concessions
...ploying enhanced oil recovery (EOR) technology onshore and offshore, including CO2, Mr Muhairi said. This could take 20-40 years to achieve he added. ADNOC’s stated goal is to boost its yearly average production capacity to 3.5mn b/d by 2017 and plateau it until 2030. MEES calculates it will be able to ac...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
DEPA Sees Role For Israel/Cyprus Gas Exports In EU Southern Corridor Plan
...alian supply route, ITGI’s competitors will not be able to secure the necessary environmental and third party access exemption permits in time to meet the final selection deadline of June 2013, or the timetable set for the construction and commissioning of the pipeline by 2017-18. Mr Sachinis also said th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012