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GCC States Double Down On Gas Development
...M) 2007 2008 2009 2010 2011 2012 2013 20...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Delayed Projects To Shave Cumulative 80bcm From Algeria’s Gas Output By 2020
...nouncement that a consortium of the state company with Thai and Chinese counterparts PTT (24.5%) and CNOOC (24.5%) had confirmed the potential of the Hassi Bir Rekaiz block in the southeast, on which exploration has been ongoing since 2011 (MEES, 17 February). Against the background of bid round fa...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Iran Takes Major Step Towards New Contracts. But Will IOCs Bite?
...th Iranian crude. More significant however, is French supermajor Total’s signing of an MoU in March to produce a development plan of the 42bn barrel South Azadegan field (shared with Iraq, where it is known as Majnoon). Chinese state-firm CNPC was awarded the field under a buyback contract in 2011...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Shell Calls Time On Saudi Gas Project
...udi Aramco’s upstream monopoly. Dangerous Times Given the collective political trauma that has descended on the Middle East since 2011’s ‘Arab Spring’ revolutions, domestic security concerns have taken priority over economics and Riyadh has made it clear that it has no intention of raising en...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Iran To Sideline Sinopec At Yadavaran
...arded the $2.5bn contract in March 2011 to develop the field in two phases: Phase-1 targeted 320,000 b/d and 197mn cfd by mid-2014 and Phase-2, 600,000 b/d by 2017. But in February, Iran said CNPC had only drilled seven of the 185 wells it had planned at the field. Current production at South Az...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Blast Shuts Egypt-Jordan Pipeline
...oups. It was not clear who was responsible for the sixteenth attack on the pipeline since the overthrow of Mubarak in January 2011, albeit the first since last July. Sinai Islamist groups have recently targeted the Egyptian army, raising speculation that the attacks were a reaction to the ou...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Iran Condemns Mounting Western Oil Sanctions
...om using oil as a political weapon; so the West should have done the same, he says. “Unfortunately, political interference in the Middle East has brought instability to the region… Since 2011, unilateral sanctions have been placed on Iran by Europe and the US,” the minister said, according to...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013