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BP/Adnoc Deal For Israel’s NewMed Under Threat
...inked in 2014 between Woodside and NewMed (Delek Drilling at the time) for a 25% of Leviathan fell apart just hours before it was due to be inked due to reported clashes between the Australian firm’s hierarchy and Mr Tshuva (MEES, 23 May 2014). BP and Adnoc will not be expecting to take full co...
Volume: 66Issue: 40Published at Fri, 06 Oct 2023 -
Israel’s New Med: Leviathan Expansion ‘First Priority’
...sis this is a very viable option.” While FLNG is a relatively-new technology, increasing the risk of delays, Mr Abu says that the Leviathan partners are confident of the technology, having “started to analyze that in 2013, 2014.” This is a reference to talks the Leviathan partners held with Au...
Volume: 65Issue: 40Published at Fri, 07 Oct 2022 -
Shell Restarts LNG Exports From Gas-Strapped & Cash-Strapped Egypt
...ell, says ELNG exports all but ground to a halt in early 2014 with output from its offshore West Delta Deep Marine (WDDM) fields to the domestic market amid a growing gas shortage (MEES, 31 January 2014). This left a gaping hole in ELNG’s finances. Shell and its partners remain on the hook for $20...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Egypt Partners Up With Kuwait Energy For First Foreign Exploration Venture
...mand turn the country into a net energy importer from an energy exporter (see p7). The deal leaves Egypt with a 10% stake in the license in southern Iraq. KEC, which operates Block 9 with 60%, reported its second discovery on the asset in December 2014, this time in the Yamama formation which te...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Sabic Links Up With 40 Firms In Tech Initiative
...llows on from Sabic’s development of a global network of technology and innovation centers. In 2014, Sabic opened a similar center in South Korea focusing on electronics, electrical and lighting technologies. Sabic says it has oriented its business around seven core market segments: transportation, ag...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Keystone Bullish At Shaikan
...talling 4mn barrels of Shaikan crude has been sold to the international market since January 2014. Approximately 30% of Shaikan output is sold on the domestic market, which is providing steady revenues, it adds. GKP, which has not yet been paid for its international exports, is still negotiating with the KR...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
East Asian Firms Come Of Age In Middle East With Iraq Investment Drive
...ed another pipeline. Mega-projects at Rumaila, Zubair, and West Qurna-1 are also ramping up, and at the end of 2013 a 200,000 b/d phase 1 of the Lukoil-led West Qurna-2 will begin to start up. Potentially, West Qurna-2 could rise steadily through 2014 to hit 400,000 b/d – the field capacity will be th...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012