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Shell’s Incoming CEO Set To Oversee Streamlined Mena Growth
...adership of CEO Ben van Beurden, who has been at the helm of the major since 2014. Rather than turning its back on the region, Shell has instead focused its efforts on a small number of core countries and is now turning its focus onto regional expansion. Incoming chief executive Wael Sawan takes over th...
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
Abu Dhabi Plots $3bn Windfall From Cepsa IPO: What’s For Sale?
...SUMED DOWNWARD SLIDE AFTER BRIEF 2014 BOOST FROM SE ASIA ENTRY *WORKING INTEREST BASIS. SOURCE: CEPSA, PARTNER COMPANIES, MEES ESTIMATES AND CALCULATIONS. CEPSA NET PROFIT BY SEGMENT (€MN): REFINING REMAINS THE KEY MONEY-SPINNER... ...DESPITE UPSTREAM HAVING BEEN THE KE...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
Rosneft Plans Key Gas Pipeline To Unlock Kurdish Exports to Turkey
...xt two years? Previous plans have stalled. Under a 2013 Gas Sales Agreement the KRG agreed to export 4bcm/y to Turkey by this year, rising to 10bcm/y by 2020, and eventually up to 20bcm/y (MEES, 11 April 2014). Development of key gas fields has slipped due to a number of reasons, chief among them pa...
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
Tunisia: Output Slides, Firms Look For The Door Amid Instability
...stream output worldwide. In 2015 this produced 26.1mn cfd, 11% of Tunisian output. Though the field has been repeatedly shut-in due to local protests since 2012 (MEES, 23 May 2014), these have increased in duration and intensity since the start of 2016. Output has been “shut-in for most of the year to...
Volume: 59Issue: 38Published at Fri, 23 Sep 2016 -
Aramco Makes Nasser Permanent Chief, Holds To Integration Strategy
...amco’s oil and gas reserves are at an all-time high. Eight new fields discovered in 2014 increased the kingdom’s total oil and condensate reserves by 900mn barrels to 261.1bn barrels and its gas reserves by 5.6 tcf to 294 tcf (MEES, 13 March 2014). In many ways Mr Nasser inherits a company whose ou...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Aramco Lines Up Fadhili Gas Plant Deals
...amco’s 2014 annual report says that “in its early phase, the Fadhili gas plant will process 2.5bn cfd from onshore and offshore fields and is on track to come on-stream by 2019.” The company adds that drilling of wells to supply the plant began in 2014, while the final project proposal was issued earlier th...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Morocco’s Sole Refiner Seeks $1bn To Restart
...hammedia refinery from 120,000 b/d to 200,000 b/d in 2012, but has since not processed more than 167,000 b/d on a monthly basis and hit a recent low of 58,000 b/d in January. Morocco already imports products, with consumption averaging 250,000 b/d in 2014 (MEES, 14 August). MOROCCO MONTHLY REFINERY RU...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Kuwait Awards First Utility-Scale Solar Plant
...ficiency of the plant’s steam turbine. Kuwait’s total installed generating capacity amounted to almost 15GW at the end of 2014, according to MEES estimates. The ministry and PTB currently have six power plants at varying stage of development, with a combined capacity of 6.8GW (MEES, 30 May 2014)....
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Qatar Petroleum Looks To The Future After Board Shake Up
...-well program that was expected to be completed by the end of 2014. Mr Kaabi will also be tasked with addressing rising costs associated with field redevelopment. The estimated costs of redeveloping QP’s offshore Bul Hanine field doubled to $11bn, according to a QP announcement earlier this year. Th...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Company Profile: Petroceltic Plots Big League Transformation
...off Stevenson, a veteran of Australian firm BHP’s Ohanet project in Algeria, as Project Director in January. Algiers approved Petroceltic’s development plan in late 2012. The next key project event will be the award of the front end engineering and design (FEED) contracts, anticipated in early 2014...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013