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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 -
Turkey Hikes Generation Capacity By 12%, Eyes Coal Expansion
...05 2006 2007 2008 2009 2010 2011 2012 2013 Thermal 23.0 24.1 26...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Abu Dhabi Power Capacity Hits 13.9GW
...07 2008 2009 2010 2011 2012 2013 Power Capacity (GW) 5.53 7.17 7.88 8....
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
OPEC Output Up In June Despite Iraqi Outages
...vised 29.94mn b/d in May (see table). This pushed output above the group’s nominal 30mn b/d target, which has been in place since December 2011. At their latest meeting in Vienna last month, OPEC ministers decided to maintain this target for the remainder of the year. This is despite the fact that th...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Libyan Operators Wait For Output Surge
...ened up the pipeline to the Mellitah terminal; Sharara production is exported from nearby Zawiya. Before the revolution that toppled veteran despot Mu’ammar al-Qadhafi in 2011, Libya was producing 1.6mn b/d. The hasty shut down of fields and pipelines during the fighting led to fears that it would ta...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Saudi Arabia Denies Funding Isis
...ceived new support from Iran in the form of elite al-Quds brigade forces helping to fight the Sunni insurgency. Prince Muqrin bin ‘Abd al-‘Aziz, the former Saudi intelligence chief named recently as the future King of Saudi Arabia to succeed Crown Prince Salman, back in 2011 warned Washington at a me...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Gulfsands Struggling To Regroup More Than Two Years After Losing Syria Assets
...rce majeure at its Syria operations, Gulfsands’ only producing asset, in December 2011. Gulfsands’ working interest from its Syria operations totaled about 8,500 b/d in 2011, down from 10,300 b/d in 2010. In a corporate update issued at the end of June, Gulfsands suggests that it remains ho...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Production Restarts At DNO Yemen Blocks
...en the growing strength of local workers’ unions in Yemen’s oil and gas sector. In the wake of the 2011 Arab Spring, oil workers have increasingly turned to strike action over the last three years to demand better rights for themselves. Among the companies most recently affected by this is No...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
IFC Invests In ACWA Power To Support MENA Renewables
...one of the world’s largest owners and operators of desalination plants, “have attracted the interest of the IFC.” The IFC began working with ACWA in 2011 in Jordan, where it has 51% of generator CEGCO, and is considering investing with ACWA in Morocco’s 160MW Noor-1 solar project, where co...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 102.93 104.61 106.06 105.13 101.90 103.00 98.56 98.03 94...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014