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Egypt Bid Round Yields First Results
...s awarded Canadian independent TransGlobe the North West Sitra concession, the company announced, with US firm Apache reportedly also winning the rights to two blocks. “It is anticipated that the ratification approval process of the new concession could be completed by late 2014,” TransGlobe said in...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Sonatrach Discoveries
...ALGERIA Sonatrach Discoveries Algerian state oil and gas giant Sonatrach says it made 18 “hydrocarbon discoveries” during the first eight months of 2014, including 13 during the first six months. Of these 13, seven were largely oil and six gas. The bulk of finds were in...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Leviathan Development Gathers Pace As Partners Sign Third Sales Deal
...serves, 6.6tcf Is Earmarked For Phase 1 Development. ^Tender Closes November 2014. Tamar: 2bn Cfd By 2017 At Tamar, Noble’s other key Israeli offshore field, Noble says it will double capacity to 2bn cfd by the end of 2017. Indeed debottlenecking recently raised Tamar’s capacity by 10% to 1.1bn cf...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Oman Taps Shell For 30,000 b/d Crude Output Boost
...id at last week’s launch of the annual Oil and Gas Year Oman 2014 energy report. “We need to understand the time-frame [and] cost. It is not going to be cheap, and will be dominated by a lot of drilling activities.” The undersecretary put current PDO crude output at 570,000 b/d – level with its av...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Imports of Iranian Oil Stay High Ahead Of September Talks
...e first seven months of 2014 versus the same period last year, as Indian refiners managed to overcome most of the sanctions-related insurance and re-insurance issues they faced in 2013. State-refiner Mangalore Refinery and Petrochemical Ltd (MRPL) and Essar Oil are currently the only two regular In...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Gulf Refinery Data Reflects Saudi Capacity Ramp-Up, Impact Of Iraq Turmoil
...tivity as Jihadist attacks halt operations in some areas. Data for the 12 months to June 2014 show Gulf refinery throughputs averaged 6.3mn b/d, while Saudi throughput appears to be settling above the 2mn b/d mark with a record 2.14mn b/d processed in May. Saudi Arabia’s refinery throughputs dipped fr...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Turkey Completes 900MW Gas Plant As Part Of Ambitious Capacity Expansion
...nd capacity grew by 15% in the first half of 2014 alone. Wind start-ups in the first half of 2014 came at 87 sites around the country, the ministry says; construction is under way at 39 more. While many of Turkey’s current wind projects are relatively large-scale – the biggest to date is 143MW Ba...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
OPEC Output Continues Rise As African Volumes Recover
...rlier forecasts of 30.7mn and 30.5mn b/d for the third and fourth quarters of 2014 respectively. For 2015, the world demand for OPEC crude is forecast at 29.9mn b/d, down from 30mn b/d for full-year 2014. Libya: Rebound Continues Last month saw the return of 100,000 b/d of Libyan crude to ma...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Algeria Budgets For Higher Spending In 2015
...onomic action” program. GDP growth for 2014 is expected to come at around 4.5%. At the cabinet meeting President Abdelaziz Bouteflika said that the state’s efforts to boost growth through government spending should be supported by a stronger contribution to the productive sectors, as well as to the di...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Syria Eyes Iran For More Aid
...ria’s oil production from government controlled fields has fallen in the first half of 2014 to around 4.4% of its pre-war level of 385,000 b/d. IS alone is reported to control up to 60% of Syria’s oil output from the captured fields; although, whilst IS is producing and exporting crude (and selling vo...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
IMF Releases $217Mn For Tunisia
...ansition with the advent of elections in the last quarter of 2014,” but he warns the economic situation remains difficult, with timid growth, high unemployment, and rising external imbalances which are piling pressure on the exchange rate and reserves. “Program implementation is strong” with “all qu...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
The Elusive Costs And Benefits Of Saudization
...atistics and Information (CDSI, August 2014) puts Saudi Arabia’s total residents at 30 million at the end of 2013, 20.3 million of whom are Saudi citizens. These numbers indicate an expat community of 9.7 million, a figure far below that which could be inferred from MoL data on non-Saudi workers. This in...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
United States Crude Oil Imports, 1h 2014 (‘000 B/D)
...United States Crude Oil Imports, 1h 2014 (‘000 B/D) 1H14 Vs 2013 1H14 Vs 20...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 4-Sep 25 - 29 Aug 18 - 22 Aug Aug-14 Jul-14 Q2 2014 Q1 2014 20...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014