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Oman Taps Abu Dhabi For Wind Farm Cash
...wever, its earlier estimate that the development work would take 24 months suggests that start-up is unlikely before the second half of 2019 (MEES, 17 October 2014). Masdar’s partners in building the wind farm will be US conglomerate General Electric (GE) and Spanish engineering contractor TSK. GE wi...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Libya: Zueitina Crude Shipment Threatens To Be False Dawn
...ntain about 3,080,000 barrels of crude oil and 180,000 barrels of condensate,” added NOC. The Zueitina terminal, which has an export capacity of 250,000 b/d, was shut down in April 2014 and has operated for only brief periods since (most recently in October 2015 MEES, 6 November 2015). It has been cl...
Volume: 59Issue: 34Published at Fri, 26 Aug 2016 -
DNO Estimates KRG Receivables At $1bn
...ys. The company ended the first half of the year with a positive cash balance, largely as a result of equity financing and a $400mn bond issue in June this year. But it also chalked up a net loss of $114.1mn in the year to date. It reported a net loss of $226.1mn in 2014. DNO has not booked re...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
DNO Planning Output Boost Offshore Oman
...e/d) in 2Q 2015, down from 15,678 boe/d in 2014. Onshore Oman, DNO is identifying targets for an exploration well in 2016 after withdrawing from Blocks 30 and 31. In Tunisia, DNO next year plans to drill a fourth well on the offshore Sfax exploration permit. The first well on the block hit 1,...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Dragon Oil’s 1H14 Output Falters As Ambitions Soar
...fshore Cheleken contract in Turkmenistan, in which it holds a 100% stake, stood at 73,440 b/d for the six months to 30 June 2014, slightly down on the corresponding period last year (see table). June production rose to 76,100 b/d, but these numbers may be slightly misleading: in June 2013 for ex...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Oman Oil Names Former Oxy Executive As New CEO
...ins OOC with more than two decades of experience in the oil and gas sector, having previously worked for US independent Occidental (Oxy) and Oman’s Ministry of Oil and Gas. He served as President and General Manager of Oxy Oman between 2009 and 2014, before being promoted to Senior Vice President for Bu...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
SEC Head Resigns, Replacement To Come From Aramco
...ecutive of the state utility in October 2006, will step down from his post officially on 1 January 2014. SEC has already lined up his successor – Ziad bin Muhammad al-Shiha, currently Executive Director for Power Systems at state oil firm Saudi Aramco. Mr Barrak instigated a major expansion of ge...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013