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OPEC Highlights Economic Uncertainty
...vestment risk. Accordingly, the 2011 WOO has added an Accelerated Transportation Technology and Policy (ATTP) scenario in addition to the Reference, Low Economic Growth and High Economic Growth scenarios included in last year’s forecast. OPEC sees more damage to the projected demand for its crude fr...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
IEA World Energy Outlook Warns Of Unsustainable Energy Future
...the Middle East and North Africa and a sharp rebound in energy demand in 2010, which pushed CO2 emissions to a record high, highlight the urgency and the scale of the challenge.” Central to the 2011 edition of the WEO is the New Policies scenario, which assumes that recent government co...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
Oman To Lift Crude Output 80,000 b/d By End-2012
...dependent Occidental Petroleum aims to increase production of 10-12° API crude by 46,000 b/d from Mukhaizna field, ramping up next year and into 2012. In the third quarter of 2011, a consortium led by Lebanese independent CC Energy Development (CCED) expects to bring on stream 30,000 b/d of 30° API crude fr...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
GCC Keeps Wary Eye On ‘Currency War’
...the end of 2011, said John Sfakianakis, Chief Economist at Banque Saudi Fransi in Credit Agricole’s 8 November Emerging Market Focus (BSF is part of the Credit Agricole Group). Inflation in the kingdom is now the region’s steepest, the report said, but pointed out that this results more fr...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Regional Implications For BG’s Renegotiated Gas Price In Oman
...cautiously optimistic, but there will be more clarity in 2011 and 2012, when BG and BP have confirmed their positions,” he said. On the LNG side, BP’s contract to lift 800,000 tons/year expires at the end of 2009, and this will free up more gas for domestic use, and take idle LNG capacity fr...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
North Africa Embraces Renewable Energy
...0mw in Egypt, with another 120mw of capacity under construction. The Egyptian Wind Energy Association estimates that the country will be have the capacity to generate 1.05gw from wind power by 2011. But even if these projects are realized, in the short term wind power will contribute just a small fr...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
Libya’s Oil Development Plans Gather Pace, IOCs Outline EOR Projects
...ha Sirte 350,000 600,000 2014 Verenex* Area 47 Ghadames n/a 50,000 2011 To...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Costs Slide Prompts Wave Of Project Delays
...0,000 b/d offshore Manifa increment, which is due to begin starting up at the end of 2011. Manifa, the last of the mega-projects in Saudi Aramco’s current upstream expansion drive, is being widely touted as the most expensive increment in the company’s history, with current projections overshadowing th...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Saudi Aramco To Double Khursaniyah Gas Plant Capacity To Handle Offshore Karan Field Gas
...e end of this decade will tap some of the kingdom’s heavier crude reserves,” he said, referring to the Manifa increment due on-stream in 2011. He said the slate of crude increment projects would enable Saudi Aramco to maintain spare capacity of at least 1.5-2mn b/d above and beyond forecast pr...
Volume: 49Issue: 46Published at Mon, 13 Nov 2006