- Sort by:
- Score
- Published ▼
-
Egypt Awards 650MW Dual Fuel Power Plant, Suggesting Gas Supply Worries
...cent years caused gas output to bottom out at 3.89bn cfd in early 2016. Egypt has since improved terms for gas producers and new fields have been started up, bringing output to 5.22bn cfd in May, the highest since October 2013 (see p4). Egypt’s gas demand will be around 6bn cfd for 2017 rising to 7b...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Opec Crude Production Hits 2017 High
...d Nigeria drove a huge 270,000 b/d growth in Opec production last month, and the group’s 32.63mn b/d output was the highest yet this year. This is 710,000 b/d above the group’s target production Output in the first half of 2017 has averaged 32.36mn b/d. While this is 670,000 b/d below the six-mo...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Qatar Steps Up Gas Politics With Calculated Expansion
...tar’s heels in the coming years. In fact, Australia is on course to overtake Qatar as the global leader as early as next year. With the start-up of Gorgon LNG’s Train 3 earlier this year, and the imminent start-up of the delayed Wheatstone LNG, Australia is to exit 2017 with 74mn t/y capacity. In th...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Iran Aims For Total Reboot Of Oil And Gas Sector
...March 2016. The field – originally developed as two separate north and south portions – currently produces 115,000 b/d will be the first Iran offers under a tender. The tender has been delayed and is now planned to take place in late 2017 (MEES, 23 June). Mr Zanganeh also said this week that ta...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Total Talks Crackers On Both Sides Of Gulf
...ere should be further gains in 2017 as the Wasit processing plant is now at full capacity after starting up last year (MEES, 20 May 2016). PROJECTS HISTORY If the two petrochemicals projects go ahead, it could be the first time Total has been actively involved in project developments in both co...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Saudi’s Economy Gets Boost From MSCI Announcement
...SE in September 2017. The addition to MSCI’s EM watch list marks a significant achievement in Saudi’s journey to liberalize its capital markets which started in earnest in May 2015. The country’s main stock benchmark, the Tadawul All Share Index (TASI), gained 5.5% the day after the announcement, th...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Japanese Crude Imports From Saudi Arabia (‘000 B/D)
...SAUDI ARABIA FOCUSED ON ITS #1 MARKET IN JAN-MAY 2017. VOLUMES ROSE SHARPLY EVEN AS OVERALL JAPANESE IMPORTS FELL INCREASED VOLUMES HAVE FOCUSED ON HIGHER-VALUE LIGHT GRADES, OUTPUT WHICH WAS BOOSTED WITH LAST YEAR’S RAMP-UP AT THE SHAYBAH FIELD HAVING PEAKED IN EA...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Panama Expansion Puts East Asia In Reach Of Nascent US LNG Exports
...G cargo in February with the start-up of shipments from the first two 4.5mn tons/year trains at the Sabine Pass facility in Louisiana. And volumes from the US Gulf will soon become a flood, with over 14mn t/y more capacity (equivalent to 19bcm/year or 1.8bn cfd of gas) set to start up in 2017 to be fo...
Volume: 59Issue: 27Published at Fri, 08 Jul 2016 -
Saudi Electricity Taps China For $1.5bn, Takes Expansion Funding To $33bn
...ant, due online in 2017, which is being built by Korea’s Hyundai Heavy Industries, incorporating turbines and generators from Japan’s Mitsubishi Heavy Industries (MEES, 11 December 2015). ICBC’s loan is not linked to a specific project, and is likely an opportunistic investment by China at a time wh...
Volume: 59Issue: 27Published at Fri, 08 Jul 2016 -
Abu Dhabi Banking Giants In $29bn Merger
...spectively. The expected “effective merger date” is Q1 2017 and the combined bank will retain NBAD’s legal registration and the brand name “National Bank of Abu Dhabi.” FGB’s shares will be delisted on the effective merger date. Shaikh Tahnun bin Zayid Al Nahyan, currently FGB chairman, and brother of the UAE pr...
Volume: 59Issue: 27Published at Fri, 08 Jul 2016 -
Iran: Payments Start Flowing But Fear Factor Remains
...rt of OFAC to be crystal clear about this because they want to keep a little bit of uncertainty and therefore leverage in the system. I think it is unlikely we’ll see normal trade with Iran restored in 2016 – I think it’s more likely to be 2017. It’s all driven by what the US does and says on fi...
Volume: 59Issue: 27Published at Fri, 08 Jul 2016 -
Kuwait Eyes Short Term $17bn Debt Market Boost; Longer-Term Reform Is Needed
...uculent parliament. And with elections due by July 2017, MPs will be especially wary of supporting measures that could hit citizens in the pocket when they return from summer recess in October. Kuwait plans to tap the debt market to the tune of KD5bn ($16.7bn at KD1=$3.33) from domestic and in...
Volume: 59Issue: 27Published at Fri, 08 Jul 2016 -
Egypt Hopes To Attract IOCs To Its Western Mediterranean Waters
...yptian gas is set to remain on a downward trajectory until late 2017 when the BP/Dea $12bn West Nile Delta (WND) project is set to start up (MEES, 27 March). Output is slated to ramp up to 1.2bn cfd by 2018, the equivalent of more than a quarter of current output. Egypt is looking to plug the gap be...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Iraqi Oil Exports Set New Record In June; Southern Volumes Top 3Mn B/D
...thin a month and ultimately reach its plateau target of 1.2mn b/d early in the next decade, slightly behind the original timeline. Also expected to rise is production from Gazprom’s Badra oil field after initial delays. Operator Gazprom Neft says output is expected to rise to 170,000 b/d by 2017. The co...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Egypt Adds To Solar Plans, Looks To Fund Massive Power Expansion
...Fuel Mahmoudya (2015) 0.33 Gas Siemens (turbines, 2017-20) 2.00 Wind Damietta West* (2015) 0.25 Ga...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Turkey Orders 1.6GW Of Turbines For Gas-Fired And Wind Projects
...2017. The turnkey engineering, procurement and construction (EPC) contractor is local firm Gama Power Systems. Siemens will deliver two generating units, each rated at 600MW and comprising a gas turbine, steam turbine, generator and control systems. Siemens will also supply a gas turbine, st...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Iran’s Oil Production Boost Scenarios In A Post-Sanctions Era
...the south using EOR/IOR operations. 2 - Produce new resources of crude oil from heavy oilfields located west of the Karun River, otherwise known as the ‘West Karun’ oilfields (North and South Azadegan, Yadavaran, Jofayr, Sohrab, Susangerd, Yaran). NIOC announced that by 2017-18 its oil pr...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Egypt’s LNG Imports Face Delays
...d minority partner RWE-Dea. Wnd Boost After experiencing some delays, the project is now on track for coming online in 2017, Egypt’s Petroleum Minister Sharif Isma’il told the press last week. Talks for a comprehensive final agreement on the project are ongoing, according to Mr Molla. “We...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
BG Signs Deal To Pipe Israeli Gas To Egyptian LNG Plant
...s over a 20-year period once Leviathan begins production. The Leviathan partners, Houston-based Noble (operator with 39.66%) and Israeli firms Delek (45.34%) and Ratio Oil (15%), are looking to finalize a development plan this year with a view to produce first gas from late 2017, although MEES views su...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Will Fujairah Get With The LNG Bunkering Trend?
...vestment Company (IPIC) and state-owned Mubadala, plan to build a 1.2bn cfd LNG import facility at Fujairah by 2016 or 2017 (MEES, 15 November 2013). Environmental Regulations Behind the burgeoning market in LNG bunkering is more stringent regulation of maritime emissions (MEES, 20 June). Within Em...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014