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Fresh Fighting Threatens Remaining South Sudan Oil Output
...minating relations between the two nations for the first 18-24 months of the South’s independence from Sudan in July 2011. Tensions eased towards the back end of 2013, only to resurface this year, following the rebel leader Riek Machar’s visit to Khartoum in July. Khartoum is yet to give any official re...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Eni Shows Its Faith In Egyptian Deepwater
...the North Port Fouad block last week (MEES, 19 September). These four blocks, together with the Shorouk block that Eni took in April last year, comprise the bulk of Shell’s former giant NEMED concession. Shell discovered gas here but quit in 2011 saying development was uneconomic. The fact th...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Saudi Arabia Defends Market Share With Asian Price Cut
...tween 2011 and 2013, they made up for the 1.6mn b/d supply shortfall, he adds, apparently referring to the loss of production from Libya and the continued absence from markets of Iranian crude, which is down by 1mn b/d from pre-sanctions level. But the situation has changed since then. Libyan oil pr...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Kuwait Seeks IOC Help To Hit Production Targets
...servoir at Burgan. A pilot program completed in 2011 yielded an encouraging boost in pressure and reduced water cut; during the first phase of development, KOC will inject 660,000 b/d of water as part of its plan to maintain production capacity at Burgan. Water injection will rise to 1mn b/d by 2020. KO...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Crisis-Proofing Middle East Oil Exporters’ Purchasing Power
...nance social welfare and infrastructure investment. The anxiety over popular discontent prompted the kingdom to increase social spending by $130bn following the ‘Arab Spring’ of 2011. Such expenses will only become more costly if alternative sources of revenue, such as manufacturing, tourism, and fi...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Benchmark Crude Prices
...13 2012 2011 WTI 92.53 93.54 92.44 95.95 102.36 103.00 98.56 98...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Obstacles For Qatari Crude Boost As QNB Sees 800,000 B/D By 2017
...oduce 889,000 b/d by the end of 2011, with production capacity reaching 1mn b/d. This was a downward revision from QNB’s position in 2009, when it said production would reach about 1.06mn b/d by the end of 2010. In 2004, when Qatar produced 755,000 b/d, QNB foresaw the country’s capacity in...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
IOCs Hold Steady Despite Yemen’s Political Crisis
...wn of the key 450MW gas-fired power station supplying large parts of Yemen’s Western districts, officials said, and came less than 24 hours after a similar attack on another part of the grid. Such attacks have become commonplace in Yemen, more so since the political crisis of 2011 which br...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Petro Rabigh Cracker: Limited Restart
...488.9mn ($130.4mn) for 2012 and SR65.9mn ($17.6mn) for 2011, when a “plant shutdown was experienced due to periodical test and inspection.” In related news, Petrochem reported to the Tadawul exchange on 24 September that its polymer plant was forced to shut down for 10-12 days due to a fault wi...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
MENA Generators Pushing Non-Conventional Power Projects
...its electricity from oil shale by the end of the decade (MEES, 28 November 2011). Jordan’s Petra-JNA news agency also said that the government has signed an MOU that day with China for the construction and operation of a 300MW wind farm by China’s CWE and Goldwind, without giving further details. Th...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Egypt Receives Gulf Aid But Qatar Backs Off
...fered Egypt following the 3 July coup (see table). Regional Aid To Egypt Since 2011 Revolution ($Bn)* Mursi Rule (2012-13) 12.75 Qatar 6** Saudi Ar...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
The US Shale Revolution In Numbers
...blication of the 2011 proved US reserve data and the latest production data (May 2013) by the US government’s Energy Information Administration (EIA) seems to reinforce initial excitement among industry representatives and investors. Oil reserves rose by 1.6bn barrels in 2009, and by another 2.6bn in 2010. In...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Benchmark Crude Prices
...12 2011 WTI 106.39 106.24 108.26 106.55 104.47 94.17 94.42 94.18 95...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Iraqi Electricity Industry Poised For 20,000MW Lift-Off
...nisters (MEES, 3 October 2011). Generation has risen this year slightly to 8,450mw, but high loss rates erode effectiveness to around 7,000mw. This is not much higher than the woeful levels Iraq has been stuck at for several years, and it includes around 1,600mw of imports. However, now re...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Egypt: Billion-Dollar Exploration ‘Commitments’ Fail To Disguise Delays
...2015 as the start of construction of the onshore gas treatment plant – which had been slated to begin in 2011 – was delayed as residents in the coastal town of Idku protested the plant’s proposed location. Construction is only now starting to move ahead. The WND project involves the development of di...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Chevron Neutral Zone Delay Jeopardizes Kuwait 2020 Crude Target
...sting $330mn in the first two years. The original projections were: a production capacity boost to 300,000 b/d; capital expenditure to start the project put at $10bn; and the FID in 2011. After more delays it is now planned for 2016. Full field development will include 10,800 wells, a 1.5mn b/d water tr...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Yemen Seeks Proposals For Offshore, Onshore Blocks
...l exploration had thus far been kept to a minimum, he told Yemen’s SABA news agency. Yemen has proven oil reserves of around 2.7bn barrels as of end-2011, according to BP’s 2012 Statistical Review of World Energy. Production in 2011 was estimated at only 228,000 b/d, down 24% from the previous ye...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
High Prices Alarm Gulf Members
...pply. In fact, Riyadh reported its production as falling from July’s 9.8mn b/d to a 9.75mn b/d in August, – MEES and tanker tracker assessments broadly back this trajectory. The August production level is the lowest reported since October 2011, and a Saudi uptick in September would be entirely expected gi...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Benchmark Crude Prices
...OIL PRICES Benchmark Crude Prices 20 Sep 10-14 Sep 3-7 Sep Aug July Q2 2012 Q1 2012 2011...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Cyprus Nears Exploration License Awards, Says Minister
...ture. The new awards are expected to invigorate the island’s nascent hydrocarbon sector, which got its start with Houston-based Noble Energy’s winning of Block 12 in 2008. It subsequently discovered 5-8 tcf (141-226 bcm) of natural gas in December 2011. New EU Gas Source According to Mr Sy...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012