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IEA Chief Warns Against Aggressive Capex Cuts
...stream spending would be unprecedented. BP CAPEX CUTS Oil and gas majors have reported further cuts. BP, reporting its Q3 results on 26 October, said it has reduced its full-year capex for the third time this year. BP expects annual capital spending to remain at $17-19bn until 2017, well down on it...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
Qatar Out To Woo LNG Customers In Face Of Increased Competition
...cording to analysts from Energy Aspects. The London-based group expects Japanese LNG imports to fall by 2.7mn tons in 2015, mostly due to milder weather, before falling by another 1.1mn tons in 2016 and by 1.9mn tons in 2017. INDIA… POLAND… Meanwhile, India has been taking less contracted LNG from Qa...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
Khafji Remains Offline As Neutral Zone Squabble Escalates
...at Chevron will move forward with its planned $5bn, 80,000 b/d first phase of its steam injection program at Wafra. As it stands, the project has already faced several years of delay and a final investment decision isn’t expected until 2017. Costs have also ballooned, which may force the project to be...
Volume: 57Issue: 44Published at Fri, 31 Oct 2014 -
ADIPEC Absentees Raise ADCO Questions
...rait of Hormuz. Regardless of when the concession renewal process is completed, ADCO says it intends to raise production capacity to 1.8mn b/d by 2017. ADCO General Manager ‘Abd al-Mun’im al-Kindi said on 29 October that the plans were on track and part of ADNOC’s overall program to raise total pr...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Kuwait Tenders Heavy Oil Project
...rst phase of the development. KOC is targeting 60,000 b/d of 12-16°API crude production by 2017 with a second phase expected to target 120,000 b/d by 2020. The company expects a third development phase to allow the company to hit 270,000 b/d by 2030. Originally, the project was scheduled to pr...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Regional Alliances Leave Juba In Two Minds Over Planned Oil Pipeline
...establish an exit route for their oil from 2017 – when the two countries are expected to begin producing. Kenya and Uganda were scheduled to jointly float a tender for the design of the oil pipeline at the conclusion of the Kigali meeting. Irish independent Tullow Oil recently confirmed the pr...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Gulf Petchem Firms Eye Additions To Busy Projects Schedule
...16 EPR, TPO, MMA, PMMA, LDPE/EVA, polyols, SAP, nylon 6 SABIC/Celanese Jubail, S Arabia 2016 50,000 t/y polyacetal QP/Shell Ras Laffan, Qatar 2017...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Jordan Picks Rosatom For Reactor As MENA Nuclear Impetus Builds
...heduled for 2020, Sinop-1 for 2023. UAE 5.6GW 4 Two 1.4GW plants under construction at Barakah. One plant due online each year during 2017-20. Source: MEES....
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Legal And Operational Challenges Complicate RWE Dea Sale
...ouliline and Sali fields, said Mr Schlichter, with the award anticipated next year. First gas is slated for 2017. RWE Dea holds a 19.5% stake in the concession. Egypt: The Cornerstone The IOC is an active producer in Egypt, the cornerstone of its presence in North Africa. Gas production in the Di...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
South Sudan Orders Oil Production Restart
...l Output Through 2017 In its Medium-Term Oil Market Report 2012 meanwhile, the International Energy Agency (IEA) said it did not expect to see any significant increase in either country’s production over the coming five years, despite best efforts by both the Sudanese and Southern Sudanese go...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Qatar Faces LNG Market Challenges
...e Sabine Pass project, and the next project that is likely to go ahead probably won’t read final investment decision (FID) until 2Q13, or even 2014; putting them in the 2017-18 time frame,” Mr Flower says. But if Japan starts importing US LNG at Henry Hub prices, some feel this may re...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Middle East Refinery Capacity To Surge, Says IEA
...owing regional oil product demand,” Toril Bosoni, refining analyst for IEA’s monthly Oil Market Report, told MEES. The IEA sees Middle East oil demand growing by 1.7mn b/d from 2011 to 2017 or an average annual growth rate of 3.4% – the highest in the world. With forecast additions to Middle East re...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Iraq Wakes Up From Power Shortage Nightmare
...the Kurdistan Regional Government (KRG) into a 1,500mw Combined Cycle power station by 2015. Even after the mega-deal purchases, Iraq plans to spend around $4.5bn/year, or some $27bn, up to 2017, on its electricity sector (see table). This 2012-17 spend will break down as follows: $14bn fo...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Woodside Keen On Leviathan Partnership, Pelagic Prepares Aphrodite-2 Well
...cility located in Cyprus – but will need a strategic partner experienced in LNG to carry the project through. Currently, the target date for Leviathan production start-up is a tentative 2017. But exports from Leviathan and other Israeli fields will depend on whether the Israeli government’s export policy fo...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Turkey, Azerbaijan Sign Landmark Transit Agreement
...peline, a tariff tender for the transit of the 10 bcm/y of SD2 production that will become available by 2017-18, all welcomed the decision. It is seen as the final step before the full implementation of Europe’s Southern Gas Corridor strategy that aims to limit the EU’s dependence on Russian gas. The pa...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
Greece Links DEPA Sale To ITGI, Nabucco’s Viability Questioned
...lgaria starts up. “TGI is ready to transport gas to Europe and the Balkan States from 2012-13, so it will be ready for transportation of Shah Deniz gas in 2017.” The Greek Minister also underlined that ITGI will not face any problems with its financing, a worry that has been exacerbated due to Gr...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
Sanctions Slow Iran’s Condensate Export Growth
...scounted price to Iran.” Iran Base-Case Condensate Supply Outlook (‘000 B/D) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Current Pr...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Saudi Cabinet Approves Plans For Russia Nuclear Pact
...rm Atomstroyexport is currently in the second bidding round for the contract to build Jordan’s first nuclear reactor – planned for 2017 – using its AES-92 VVER-1000 technology. An early agreement with Saudi Arabia could see Russian reactor models get more weighted consideration from the au...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010