1. Oman Eyes $110Bn Upstream Investment

    ...d will gradually ramp up to 40,000 b/d. Harweel, which came on stream in the second quarter of this year, is producing 25,000 b/d and ramping up. At more than 70,000 b/d, Marmul achieved in 2011 its highest production in its 30-year history. While these projects suffered start-up delays, PDO was ab...

    Volume: 55
    Issue: 36
    Published at Mon, 03 Sep 2012
  2. Saudi Aramco ‘Restores’ Order After Virus. RasGas Also Hit

    ...itical production and exploration systems as “isolated networks”. Nevertheless, 30,000 impacted workstations (Saudi Aramco’s 2011 Annual Report gives a total staffing of 56,066) is no minor issue for a company whose operational integrity is so central to both Saudi Arabia’s and the global economy’s we...

    Volume: 55
    Issue: 36
    Published at Mon, 03 Sep 2012
  3. Iraqi Output Set For Fresh Records But Challenges Pile Up

    ...479 0.413 1.892 3.390 0.963 4.353 52.238 75.63 2011 Avg 1.711 0.455 2....

    Volume: 55
    Issue: 36
    Published at Mon, 03 Sep 2012
  4. Saudi LPG Prices Raised For September Deliveries

    ...tane Change Propane Butane Change Propane Butane 2010 1 Jan 740.00 735.00 2011...

    Volume: 55
    Issue: 36
    Published at Mon, 03 Sep 2012
  5. Algeria Details Power Generation Capacity Expansion Plans

    ...me period. The expansion plans follow a recent series of outages as peak summer demand hit new records.   Demand hit a record 10.06gw on 4 August, more than 14% over the 2011 maximum. However, supply was unable to keep pace, forcing Sonelgaz to instigate a series of rolling power cuts with co...

    Volume: 55
    Issue: 36
    Published at Mon, 03 Sep 2012
  6. Kuwait Realizes $47Bn Budget Surplus

    ...er. Public expenditure meanwhile was around KD17bn ($60.2bn), some 12.4% below the KD19.4bn ($69.7bn) initially projected by the 2011-12 budget (MEES, 26 March).    “It is a record surplus. Ninety-five per cent or thereabouts of revenues come from oil, and oil prices have been very well supported ab...

    Volume: 55
    Issue: 36
    Published at Mon, 03 Sep 2012
  7. Kufpec Expands Australian Presence With Offshore Oil Concession Award

    ...2011, and four assets that are still in the development stage. It also holds a 7% stake in the $29bn Chevron-operated Wheatstone LNG project in Western Australia, which in May this year reached a deal to sell upwards of 80% of its output to Japan’s Tohoku Electric Power Company. First gas, ac...

    Volume: 55
    Issue: 36
    Published at Mon, 03 Sep 2012