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Chevron’s Neutral Zone Steam Injection Pushed to 2020
...gin in the 1Q16, he adds. This would push back a final investment decision (FID) until the start of 2017 at the earliest. The project has slipped by at least three years (MEES, 25 October 2010). Mr Shammari says Chevron will inject its first steam as part of the main phase of its steam in...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Germany’s RWE Faces Challenging Sale Of North African Assets
...60%, RWE 40%) and West Mediterranean (BP 80%, RWE 20%) deep water concessions. RWE is committed to spending $3.6bn. But the project has been subject to chronic delays. RWE’s latest presentation material indicates that start-up will not be before the end of 2017. Instead of moving forward with the pr...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Twilight Looms For OPEC’s Golden Age
...ll narrow dangerously; the country could slip into a budget deficit by 2017, according to the latest IMF projections (see graph 3). Saudi officials argue that trends will not continue. New efficiency standards are being rolled out and Riyadh is actively pursuing solar development. A National Energy Ef...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Kuwait JV Awards Foster Wheeler Vietnam Refinery PMC
...nstruction contractor (EPC) consortium through to the completion of performance testing.” Foster Wheeler carried out front end engineering for the project under a contract awarded in July 2008. Total investment will be $9bn with commercial operations due to begin in 2017, Foster Wheeler says. The plant will ha...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Algeria: 8.4GW Boost
...ccessful bidders bring the gas turbines online in open cycle mode before summer 2015, with the installation of heat recovery steam generators to enable combined cycle operation to be completed by summer 2017. Mr Boutarfa – currently under investigation with 15 other Sonelgaz managers for alleged co...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
UAE Growth To Slow-IMF
...ll on 30 July. However oil GDP growth is expected to recover to 3.1% in 2015 before falling to around 1.8% in 2017-18, according to projections made earlier by the IMF (MEES, 28 June). Mega-Project Risk Looking ahead, Mr Finger points to a number of risks to future growth. Fi...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013