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Mubadala Restructures Energy Assets, Develops Thai Oil Field
...11 Mubadala Oil & Gas Buys a 20% stake in block 7, deepwater Tanzania, hoping to find gas. Tanzania is considering an LNG export plant. Mubadala plans to build an LNG import terminal by 2014. January 2012 Mubadala Oil & Ga...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Kuwait’s Economy Recovers, But Further Reforms Needed, Says IMF
...partly cover the actuarial deficit of the Public Pension Fund. In 2008-09, KD 5.5bn were transferred. KD 1.1bn are budgeted for each year from 2010-11 to 2014-15. 4 Excludes investment income and pension recapitalization, and after transfers for FGF. 5 Excludes debt of Kuwait's SWF re...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
EMAL Gets Approval For $4.5bn Expansion Project
...nually by the end of 2014, the company said on 24 July. The EMAL Phase II project will upgrade technology at its first-phase facility, which will boost production capacity by 50,000 tons/year to 800,000 t/y by the end of 2012. This will boost EMAL’s total production capacity to around 1.3mn tons by the en...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
KMG And Shell To Lead Kashagan Phase 2 Development
...nounced on 28 July that the tenders for the doubling of its throughput capacity to 2.7mn b/d will be completed before the end of the year. Some 1.05mn b/d of the additional capacity will be dedicated to the export of Kazakh oil. The expansion is expected to cost $4.5bn and to be completed by late 2014...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Shuweihat S3 Power Plant Attracts Bids From Five Consortia
...e third plant at the Shuweihat location on the coast of al-Gharbia, west of Ruwais, is scheduled to provide early power in summer 2013 and be fully operational before the 2014 summer peak loading period. ADWEA plans to announce the winning bid consortium, which will be a 40% joint venture partner, by...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Audax Announces Reserves Evaluation, Plans Appraisal Well At Offshore Dougga Field
...oject net present value at 10% discount rate for the most likely resource is $1.134bn, assuming product prices of $80/B of condensate and $9.9/mn cu ft of gas in 2014,” Audax said in a statement on 27 July. The company plans to send an invitation to potential bidders shortly, for the drilling of an ex...
Volume: 52Issue: 31Published at Mon, 03 Aug 2009