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Abu Dhabi Invites IOCs To Prequalify – Partex’s 2% Stake Up For Grabs
...pability to bury 1mn tons/year of CO2 through injection by 2015. KNOC’s Exploration and Production Technology Institute is researching CO2 flooding with overseas laboratories. CNPC lacks proprietary technology, but has some experience from EOR pilot projects. It says in its annual report: “In 2011...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Kuwait’s Previous Parliament Reinstated, Shell And K-Dow Probes Continue
...lp develop northern Jurassic gas fields (MEES, 8 August 2011). The investigation, which continued under the following parliament, includes whether Shell has operational or management control over the planned 1bn cfd sour gas project in Umm Niga and Sabriyah gas fields, and if KOC followed its own pr...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Oman Anticipates More LNG Exports On Back Of BP Upstream Output
...oject starts ramping up end-2016/early 2017, Nick Wilson writes. In its 2011 annual report published in May, OLNG says although its exports by volume declined 2%, its revenue rose 26.47% compared to the year before from $3.13bn to $3.96bn due to a 31% rise in prices. OLNG’s sales are in Asia-Pa...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
South Sudan Makes Progress On Proposed Kenya Pipeline
...scuss ways in which the government could repay the firm for its work in the long run. Following the South’s secession from Sudan on 9 July 2011, the two sides have been locked in a dispute over a number of issues including the sharing of oil revenues, the position of the 1,800km border and the di...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
AMF Chief Tackles MENA Financial Reform, Arab Spring Fallout
...d-2010. The AMF is participating with other international financial institutions in the Deauville Partnership with the Arab Countries In Transition, which was launched in 2011 by the G8 forum of governments. This is to support democratic transition, strengthen governance, foster economic and social in...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Politics Poses Main Challenge To Lebanese Offshore Exploration
...tends to hold an offshore licensing round in 2011, yet there remain a number of important procedural steps that the government must address that could become subject to Lebanon’s unique political circumstances. Speaking at an energy conference in Nicosia on 23 June, Mr Sinoria referred to Lebanon’s hy...
Volume: 54Issue: 26Published at Mon, 27 Jun 2011 -
Fuel Shortages Hit the UAE, Threaten Power Supplies
...soline. Last year it began to phase out gasoline subsidies. In April, ENOC said it expected to spend $735mn in 2011 on fuel subsidies – 44% more than it spent in 2010. ENOC CEO Sa'id Khouri said last year that the company needs oil prices at about $40-45/B for it to break even on gasoline sales. In Ja...
Volume: 54Issue: 26Published at Mon, 27 Jun 2011 -
BP Aims For First Omani Tight Gas In September
...gas from the tests wells by the first quarter of 2011, ramping it up in phases to full scale production of 1bn cfd by 2013-14. However, BP decided that it was more economic to use an existing, smaller gas processing plant to keep within the $650mn it had budgeted for the appraisal stage of the pr...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
Oxy’s Oman EOR Project Costs Soar To $9Bn
...$9bn from the $2bn it said it would cost when it wrested Block 53 from Shell-led, state-controlled Petroleum Development Oman (PDO), Oman’s biggest producer, in 2005. Oxy’s original plan was to raise oil production to 150,000 b/d in 2011 from the 10,000 b/d the field was producing when the co...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
Verenex Energy’s Row With Libya’s NOC Blows Open
...nse. Nevertheless, Verenex’s Libyan acreage has considerable potential. The proposed development plan that the company submitted to NOC in November last year envisages bringing the discoveries made there on-stream by 2011 at an initial rate of 50,000 b/d of oil and 50mn cfd of gas. Separately, the co...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
Saudi Aramco Details Upstream Progress, Riyadh Updates On Security
...09; 1.2mn b/d of Arab Light from Khurais due by June 2009; and the 900,000 b/d offshore Manifa project due in September 2011. Khursaniyah “will come on-stream in August [2008],” Mr Nasser said. “We are hoping for the end of July, but even with this slight delay, for Khursaniyah we had put in a ve...
Volume: 51Issue: 26Published at Mon, 30 Jun 2008