- Sort by:
- Score
- Published ▼
-
Noble Energy Leases New Drillship For East Mediterranean
...r the well is 7,400ms (MEES, 7 May). “High well pressure and the mechanical limits of the wellbore design resulted in the suspension of drilling operations before the primary objective was reached,” Noble said at the time. In November 2011, DMSE entered a heads of agreement with the pa...
Volume: 55Issue: 41Published at Fri, 05 Oct 2012 -
SEC Awards PP12 Gas Turbines Contract To GE
...neration. GE has been developing fuel flexibility technologies to enable combined cycle gas turbines – which are significantly more efficient than conventional oil-fired steam boiler technology – to be fuelled by HFO. In 2011 the company commissioned a 310mw combined cycle power plant in Sri Lanka, which op...
Volume: 55Issue: 41Published at Fri, 05 Oct 2012 -
Marafiq Extends Jacobs’ Project Management Contract
...nbu’ 2 was originally intended to be an IWPP project, but because of problems raising finance under this model, Marafiq opted for an engineering, procurement and construction (EPC) contract format (MEES, 13 July 2009). The Yanbu’ 2 PMC contract was awarded to Jacobs in September 2011 and the EP...
Volume: 55Issue: 41Published at Fri, 05 Oct 2012 -
Donors Pledge Further $1.5Bn Aid To Yemen
...gion. Population % With Completed Secondary Education (2010) Source: UNDP Human Development Report 2011. Where Does It All Go? With the aid secured, humanitarian agencies have come out in force, calling for increased transparency in allocation, warning not en...
Volume: 55Issue: 41Published at Fri, 05 Oct 2012 -
Gulf Turns To Unconventional Gas To Ease Shortage
...formation Administration (EIA) did not include the Middle East in its 2011 global shale gas survey, stating that the region has plenty of gas. Conference speakers, however, said that unconventional gas is needed and could be produced at costs significantly lower than importing LNG. One estimate is that th...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Oil Prices Rally As Europe Moves To Stem Economic Slide
...ntiment is notoriously fickle and, more fundamentally, we believe that too much damage has already been done to business and consumer confidence; this should feed through to the real economy.” He said Société Générale sees a price of $98/B for Brent and $73/B for WTI in the fourth quarter of 2011 and fi...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
OPEC Supply Steady As Challenging Fundamentals Threaten Oil Market Status Quo
...oduction September 2010 – September 2011 (MEES Estimates – ‘000 B/D) 2011 2010 Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Sep Al...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Japanese Crude Oil Imports Remain At 3.5Mn B/D During August
...onomy, Trade and Industry (METI) on 30 September. Year-on-year imports declined by 2.51% from 3.594mn b/d in August 2010. Monthly crude oil imports from the Middle East fell to 2.902mn b/d, down by 8.01% from 3.155mn b/d in July 2011 and down by 4.83% from 3.049mn b/d in August 2011. Saudi Arabia re...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Saudi Crude Prices Increased For Asia, Reduced For US And Europe
...13/B in early September. The formulas for November 2011 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW Europe, and B/L date to the Far East – are as follows ($/B): US (Pr...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 41 10-Oct-2011 Crude Oil Formulas/Posted Prices ($/B) Oman ($/B) 2011 2010 Nov Oct Sep Aug Jul Jun May Apr Mar Fe...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Egypt’s Finance Minister Calls For Austerity
...Middle East Economic Survey VOL. LIV No 41 10-Oct-2011 EGYPT Egypt’s Finance Minister Calls For Austerity Egypt’s Deputy Prime Minister and Finance Minister Hazim al-Biblawi has called on all government entities to abide by their projected allocations in the 2011-12 budget an...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Audit Court Criticizes Ahmadinejad’s Energy Policies
...e oil industry’s production has been reduced... The reduction has accelerated during the first three months of 2011,” Mr Katouzian was quoted as saying. The report was also critical of the overall handling of the economy by the president....
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Five Consortia Bidding To Develop Kuwait’s First IWPP
...st add power capacity of 10gw, from the current 11.3gw, according to National Bank of Kuwait (NBK) figures. Kuwait’s water capacity is 390mn g/d and it needs to hike this to 760mn g/d by 2020 (MEES, 14 February 2011). The tender for the Al-Zour North 1 IWPP was issued earlier this year after 16 in...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
HSBC And Emirates NBD Lend $200Mn For DEWA IPP
...e fact that talks to reschedule Dubai’s debt were ongoing at the time (MEES, 26 April 2010). These talks subsequently reached a successful outcome (MEES, 28 March 2011). The UAE is one of the world’s highest per capita consumers of water and electricity and hence is seeking to secure its long te...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Political Comment (10 October 2011)
...Middle East Economic Survey VOL. LIV No 41 10-Oct-2011 Political Comment (10 October 2011) Russia and China have vetoed a Security Council resolution that could have led to eventual sanctions on Syria. International pressure has forced the Bahraini authorities to rethink the co...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Russian JVC To Explore Turkmen Offshore Block 21
...rly 2011, according to a Gazprom corporate journal of 4 October. Itera Chairman Igor Makarov reportedly said: “This year we will draw up the block’s geochemical scheme and start 2D and 3D seismic exploration work, which we will finish in 2011. All the work will be organized on the lines of an open in...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
IMF Completes Iraq Review, Makes $741Mn Available For Disbursement
...rcumstances. The fund-supported program has provided a valuable anchor for economic policy during a period of high vulnerability. In the first half of 2010, oil revenues remained strong, inflation continued to be subdued, and the budget recorded a surplus. For 2010 as a whole and 2011, based on co...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Egypt To Resume Agreed Gas Supply To Jordan
...rdanian officials are due to meet in the near future to discuss natural gas supplies in 2011 and the possibility of concluding a supplementary agreement for the extra gas that Jordan wishes to import from Egypt. Jordan was expecting to sign such a deal in July (MEES, 26 July). ...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
Dolphin Energy Announces Maintenance Program For February
...tural gas to the UAE via a pipeline from Qatar, announced that it will undertake a planned maintenance program at a number of onshore and offshore facilities in February 2011. Extensive inspection and maintenance work on Trains 1 and 2 of the Stream 2 facilities located at Ras Laffan and on one pr...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
IMF Sees Oil Price Rebound Leading MENA Growth In 2010-11
...d importers in the MENA region in ways that should see them experience robust growth in 2010 and 2011, the IMF said in its World Economic Outlook for October. The IMF projects a 4.1% average growth rate for the region as a whole this year, with an increase to 5.1% in 2011. Oil exporters, buoyed by...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010