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Shell Completes The Set For Qatar’s NFE Expansion
...Qatar rounded off partner selection for its $28.75bn 32mn t/y North Field East (NFE) LNG expansion project on 5 July by bringing Shell into the fold. Qatar’s LNG expansion has been hotly anticipated ever since it was first unveiled in 2017 (MEES, 7 April 2017), but amid a global energy crunch it...
Volume: 65Issue: 27Published at Fri, 08 Jul 2022 -
Mauritania’s Tortue Delayed To 2H 2023 Amid 15% Cost Hike
...llow majors TotalEnergies, Exxon and Shell snagged swathes of Mauritania acreage in 2017 and 2018, they to date have drilled just one well between them – TotalEnergies’ August 2019 ‘Richat’ dry well on block C-9. TotalEnergies has since relinquished both this block and two others leaving it with just tw...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Energean Retains East Med Focus In Cut-Price, Cut-Scope Edison Deal
...9bcm/y Reggane, which started up in December 2017 (MEES, 22 December 2017), and Norwegian North Sea discoveries – were ones for the future, Abu Qir is in steep decline. Abu Qir output (100% Edison) was 45,500 boe/d (225mn cfd gas and 5,500 b/d condensate) for 2019. This is well down from 270mn cfd in 2017...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Energean Hits East Med Major League With Cut-Price Edison Purchase
...e in Egypt and Algeria. It operates the 270mn cfd Abu Qir field off Alexandria, and has 11.25% of the 280mn cfd Repsol-operated Reggane North development in southwest Algeria which started up in late 2017 (MEES, 22 December 2017). Both dwarf Energean’s current production of just 4,100 b/d, all fr...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
Tunisia: Petrofac Quits, DNO Cuts Its Losses
...nority shares in fields off Nigeria and Gabon with net 2017 output of just 300 b/d. Not only is Panoro not paying, DNO will effectively cover Panoro for $12mn of exploration commitments on the Sfax offshore permit, which Panoro sees as the most promising and where DNO has a 87.5% operator’s stake. DN...
Volume: 61Issue: 27Published at Fri, 06 Jul 2018 -
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 -
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