- Sort by:
- Score
- Published ▼
-
Abu Dhabi Oil Shakeup Continues With Offshore Consolidation
...alan fields which produce around 20,000 b/d. Cosmo expects first oil from Adoc’s Hail field in the first half of 2017, with full production projected to be 20,000 b/d. Another 10,000 b/d is provided from the Total-operated Abu al-Bukhoosh field, and around 7,000 b/d from the Bunduq field. These are tr...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Iraq’s Falling Crude Burn Bolsters Exports
...Iraqi exports have remained largely static this year, but are set to increase in the fourth quarter as seasonal crude burn falls. With increased gas supplies freeing up more crude for export, Iraq’s 2017 export target looks eminently achievable. Iraq’s draft budget for 2017 envisions ex...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
More Delays, Cost Hike At Saudi Petro Rabigh JV
...The Petro Rabigh joint venture of state oil giant Saudi Aramco and Japan’s Sumitomo has acknowledged that construction of its Rabigh 2 expansion project will not be completed until the second quarter of 2017 with the anticipated total development cost now 10% higher than the previous fi...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Saudi Electricity Seeks Outside Funds For 5.4GW Capacity Hike
...l 0.16 2016 Shuqaiq (SEC) Oil 2.64 2017 PP13 (SEC) Ga...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Shell Restarts LNG Exports From Gas-Strapped & Cash-Strapped Egypt
...port tender is to be launched before the end of the year, with the bulk to be delivered in 2017 and 2018. Cairo’s desire for relaxed payment terms has meant that most of its import cargoes have come from traders at a premium to prevailing market rates for mid-to-long term deals from suppliers. Eg...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
IMF Praises Iran’s Planned Reforms, But Implementation Is Questionable
...The IMF says Iran’s economic reforms are on the right track. But Tehran has a fight on its hands to implement the reform plans before the 2017 presidential elections. The IMF concluded its second visit to Iran since May this week – and only its second since the 1979 revolution – and is...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Latest IMF Data: Iraq Was The Key MENA Loser From The 2015 Oil Price Collapse...
...RECAST) 2017 GDP GROWTH PROJECTIONS (% By DATE OF FORECAST) SOURCE: IMF WORLD ECONOMIC OUTLOOKS FOR RESPECTIVE DATES. OCT ‘16 REPORT PRESUMES $43/B FOR 2016 AND $51/B FOR 2017 (AVERAGE OF BRENT/WTI/DUBAI)....
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Russian Oil Output Breaks 11mn B/D In September, On Track For Annual Record
...nvinced that Opec producers will follow through on last week’s output deal. The country will continue to use a $40/B Urals crude price assumption in its 2017-19 budget planning. The rise in Brent to $50/B after the 28 September Opec announcement may just be a blip he told an investment forum in Sochi, Ru...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Kuwait Nears Sale Of European Refinery, Targets Asian Downstream
...er 900,000 b/d was refined at home. While the sale of the Rotterdam refinery would reduce its sales into Europe, KPI is a partner in the Nhgi Son refinery in Vietnam, due onstream in 2017 and requiring 200,000 b/d of crude. The company is also pursuing refining projects in Indonesia and China. AS...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Saudi Electricity Demand To Rise 32% By 2020, Says ECRA
...wec Exp (Rawec) Oil 0.16 2016 Shuqaiq (SEC) Oil 2.64 2017 PP13 (SEC) Gas 1....
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Egypt Enjoys Unexpected Bid Round Success
...nority partner RWE by 2017, and is active drilling in other offshore acreage. In addition to Eni, compatriot Edison also now holds three contiguous East Mediterranean deepwater exploration blocks. The Italian firm signed up for the North Port Fouad block with Irish independent Petroceltic in the la...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Payment Problems, And Solutions
...ll raise production by 160mn cfd and 5,600 b/d of condensate by 2017. Dana plans to drill 37 new wells and do work over at an equivalent number of existing wells. The investment drive will result in 8-9mn barrels of additional condensate, says the firm. Italy’s Edison has come to a similar ag...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Algeria Bid Round Flatters To Deceive
...erator at Timissit with a 30% stake, with Shell holding 19% and Algerian national oil company Sonatrach taking up its mandatory 51% stake. The consortium plans to drill two exploration wells and conduct seismic surveys until 2017. While the block is not thought to contain any shale deposits, it lies cl...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Gulf Refinery Expansions Mean 1mn B/D Products Exports From 2015
...an’s benchmark crude deteriorates (MEES, 6 June). Aramco’s 400,000 b/d Jazan refinery is scheduled for start-up in 2017, having been slowed by consideration of a plan to expand a proposed 2.4GW power plant that will be linked to the refinery. Eventually Aramco returned to the original 2.4GW ca...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Dubai Refinery Doubts Amid Gulf Capacity Surge
...16 start-up Saudi Aramco Jazan, S Arabia New 400,000 b/d plant due onstream 2017 OOC/IPIC (DRPIC) Duqm, Oman New 230,000 b/d plant due onstream 2017 Sa...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Morocco’s ONEE Announces 2013-17 Electricity Plan
...Morocco’s Office National de l’Electricité et de l’Eau Potable (ONEE) will spend MD112.3bn ($13.5bn) improving Morocco’s security of electricity supply over 2013-17. ONEE plans to raise Morocco’s generating capacity by almost 70% by 2017 (to 11.28GW). Of the 4.59GW of new generating capacity to...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Egypt Lines Up Power Loans
...ectricity Production Company. It will comprise three 650MW gas-fired generating units and will be able to burn heavy fuel oil during gas shortages. Egypt’s generating capacity is 24GW, and the government said in 2010 it needed to add 10.45GW of capacity by 2017. More recently the government has announced pl...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
OPEC Relaxed On Supply, Prices
...fected. Angola and Nigeria and now they found another market and they are very happy. Libya and Algeria have not been affected because of the sweet oil that is being produced by the US.” While it is true that demand for OPEC crude is likely to remain flat at 30mn b/d until 2017, there is no th...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Foreign Investors Look For Streamlined Algerian Oil Bureaucracy As Shell Exits
...and-off over the price Sonatrach will pay for the gas; Total hopes – especially in light of the revisions to Algeria’s oil law – that the terms will reflect the difficulty of developing what it considers to be ‘unconventional’ deposits. Total has put back estimated first production to 2017...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Thailand’s PTT, PetroVietnam and China’s CNOOC Expand In Algeria
....25% 2.9 3tcf reserves. Development approved late 2011 Q3 2017 'Ain Tsila Petroceltic 37%op, Sonatrach 51%, ENEL 12% 30 3....
Volume: 55Issue: 40Published at Fri, 28 Sep 2012