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Benchmark Crude Prices ($/B)
...Benchmark Crude Prices ($/B) 13-Nov 3-7 Nov 27-31 Oct Oct-14 Sep-14 Q3 2014 Q2 2014 20...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Abu Dhabi Ups The Ante As Oil Acreage Race Heats Up
...Abu al-Bukhoosh – which is a small field, but for the last 30-40 years – we have been trying technologies, employing technologies which we are going to be able to transfer to the other fields. This will allow us to maximize recovery from the other fields. In the beginning of 2014, Total will be...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Turns To CO2 To Enhance Oil Recovery
...dan 0.3 Lebanon 4.9 S Sudan <0.05 Source: World Bank, 2014 World Development Report (WDR) except *US DoE. The 2014 WDR lists data for 135 countries of which the UAE is highest. All data for 2009....
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
ADNOC Creates New Crude Blend To Go On Sale From Next July
...UAE ADNOC Creates New Crude Blend To Go On Sale From Next July Abu Dhabi National Oil Company (ADNOC) is combining its Umm Shaif and Lower Zakum streams to create a new ‘Das Crude,’ with sales of the new blend to start from July 2014, company officials said on 12 No...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Bahrain: Question Mark Hangs Over Oil and Gas Projects
...ES learns that Oxy, which operates Bahrain’s deep gas project, has run into trouble. An official told MEES that costs are expected to run “very high,” which could prompt Oxy to postpone plans to drill a $90mn test well in July 2014. Oxy will have to sell future gas production into Bahrain’s domestic ma...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Morocco Spuds First Ever Deepwater Well
...Morocco Spuds First Ever Deepwater Well Morocco has barely registered in recent years’ MENA drilling statistics. But that is about to change. Some 31 exploration wells – including seven offshore – are slated to be drilled by the end of 2014 according to state oil firm ONHYM. Two have al...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
OPEC To Ride Out ‘Shale’ Storm And Reemerge Stronger
...12 2013 2014 2015 2016 2017 2018 2020 2025 2030 2035 US & Ca...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Moves Towards Integration Of State Oil Firms
...actors, which will come online from 2017, and by tapping its sour gas reserves. The Shah gas project – a joint venture between ADNOC and US firm Occidental – will deliver 500mn cfd of usable gas once it comes online in 2014. A stake in a second sour gas project at the Bab oilfield was awarded to Shell ea...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Egypt Targets Lower Energy Subsidies
...lal, speaking to London-based daily Asharq al-Awsat on 9 November, stressed that cuts to energy subsidies – which total a whopping E£130bn ($18.8bn) in the budget for the current year ending June 2014 – will be introduced gradually over a number of years to avoid a shock to consumers. Food subsidies (E£30...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
IMF Downgrades MENA Growth Projections To 2.3% For 2013
...ypt,” which weigh on confidence in the region’s oil importing countries. (For details of IMF separate growth forecasts for oil exporters and importers see MEES, 11 October.) Real GDP growth is expected to pick up in 2014 to 3.6% as global conditions improve and oil production recovers. The IMF also sa...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Ankara Poised To Unleash KRG Upstream Investment
...condly to be absorbed into the Iraqi military, the Czech planes, which are lighter fighters, ideal for use in the KRG, could be operational by early 2014, one security analyst tells MEES. Iraq’s oil industry take-off, which at long last is promising to deliver a measure of prosperity and se...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Shale Revolution, Slowing Demand Growth Cut Into Call On OPEC
...b/d 2011 2012 2013 2014 2015 2016 2020 2025 2030 2035 OECD Am...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Takreer Awards Carbon Black/Coker Plant As Ruwais Expansion Takes Shape
...at, the CBDC plant. The expansion plant will have the capacity to process 417,000 b/d of ADNOC’s Murban crude. Construction is under way with a view to completion in February 2014. Takreer says the objective of the CBDC plant is to add value by upgrading bunker fuel and propane. This will in...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Fractious Politics, Oil Revenue Conflict Embroil Iraq
...i’a leader Muqtada al-Sadr. This conflict is expected to escalate ahead of the local elections scheduled in late April 2013, and parliamentary elections which are widely expected to be held in late 2013/early 2014. Oil Revenue Sharing Problems Among the many divisive issues in Iraq, is th...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
OPEC Highlights Economic Uncertainty
...ilization rates and likely lead to a period of depressed margins and relatively poor economics for the refining sector,” the WOO predicts. OPEC’s World Oil Outlook In Figures (Mn B/D) 2010 2011 2012 2013 2014 2015 2020 20...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
EBRD Joins World Bank’s Gas Flaring Program For FSU
...rget before 2014 while Gazprom Neft has estimated that it would not be able to collect more than 60% of its associated gas production. ...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
VTTI Awards Oil Terminal Construction Contract To J&P
...siliko that should come into operation in 2014 with a capacity to process 1 bcm/year (MEES, 30 August, 16 November 2009, 4 May 2009)....
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Groundstar Transfer Of Kom Ombo Interest Approved
...eir agreement in June, with Aegean agreeing to drill at least four exploration wells by 2014 at a cost of $30mn (MEES, 14 June). The first is set to commence drilling by the end of November. Sino Tharwa Drilling Company has been awarded the drilling contract for four wells, two of which are optional. ...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
SEC Invites Bids For Qurayah Power Project
...erations on 1 June 2014. Qurayah IPP1 is expected to cost $1.8bn, 'Amir al-Swaha, SEC’s Head of Independent Power Producer (IPP) projects, was quoted as saying by Reuters, which added that the plant would use 300mn cfd of gas to generate electricity. The plant had previously been expected to use heavy fu...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
SWCC Awards $4.2Bn Contracts For Ras Al-Zour Project
...uminum complex when completed in 2014 (MEES, 19 July). The Ras al-Zour complex was originally planned to be built and run by a private sector consortium led by Sumitomo Corporation. However, the scheme was re-launched under the auspices of SWCC (MEES, 29 June 2009)....
Volume: 53Issue: 46Published at Mon, 15 Nov 2010