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Mauritania’s Banda Integrated Gas Project Progresses
...ergy needs. UK based Tullow took Banda in 2011 from Malaysia’s Petronas and announced commerciality a year later (MEES, 22 February 2013) before having to cut back on investments when prices began to drop in 2014. Development plans only recovered recently when Banda and the nearby 0.9tcf Tevet fi...
Volume: 68Issue: 46Published at Fri, 14 Nov 2025 -
Adnoc Gas Strategy Surges Forward
...s strategy aimed at achieving self-sufficiency for the UAE by 2030 (MEES, 9 November 2018) there are already clear signs of progress. The UAE’s net gas imports fell to 11.9bcm (1.15bn cfd) for 2018, the lowest since 2014, as output climbed faster than demand. Adnoc’s stated project targets are ea...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Oman Offshore Ambitions Creep Forward
...rway’s DNO and Korea’s LG International allowed the contract to expire in January (MEES, 4 January). OOCEP subsidiary Musandam Oil and Gas Company has since taken over. The two Bukha fields, within Oman’s only offshore producing license, produced a modest 15,700 barrels of oil equivalent per day in 2014...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Oxy Set To Quit Iraq’s Zubair After Payment Frustration
...,000 b/d for 2014 is 7.5% of its regional total of 173,000 b/d. The other assets Oxy would most likely be looking to offload are in Libya and Yemen, but the high levels of political risk – Libya’s Zueitina export terminal is again closed, while Oxy evacuated its staff from Yemen in January – mean that fi...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
KRG Exports: Have They Peaked?
...0 b/d) 2014 1Q15 2Q15 3Q15 15-Jul 15-Aug 15-Sep 15-Oct Exported to Ceyhan (Pipeline) 12...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Kuwait’s Equate Seeks $6bn For MEGlobal Buy
...tention to “reconfigure and reduce its equity base” in its Kuwaiti ventures, PIC said that part of Dow’s stakes in the joint ventures could be sold on the Kuwaiti stock exchange through an initial public offering (IPO) for Kuwaiti citizens (MEES, 21 November 2014). The company has not said since whether an...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Iran Signs Basra Gas Supply Deal
...eatly reduced crude export revenues, which MEES estimates are on track to total just $49bn this year – despite the hike in volumes – down 42% from 2014’s $84bn. NIGC chief Hamid Reza Araqi told Shana that the proposed pipeline will be supplied with gas from Iran’s IGAT-6 trunkline, which carries So...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Cash-Strapped Iraq Turns To IMF
...n-oil primary deficit by 4% of non-oil GDP between 2014 and 2016,” IMF mission chief Christian Josz says. The SMP includes measures to strengthen public financial management while countering money laundering and the financing of terrorism, as well as financial sector stability, Mr Josz says. The SM...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Adipec Delegates Push For Gas To Be ‘Part Of The Solution On Emissions’
...ter the completion of a pilot scheme, the UAE is forging ahead with plans to inject up to 800,000 tons/year of CO2 recovered from the Emirates Steel plant into Adnoc oil fields (MEES, 14 November 2014). The CEO of the Abu Dhabi Company for Onshore Operations (Adco), Mr ‘Abd al-Mun’im al-Kindi, told de...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
IEA Rolls Up Sleeves In Run-Up To Climate Conference
...bsidies were around $490bn in 2014, but would have been around $610bn without reforms enacted since 2009,” the IEA says. On the flip side, a prolonged period of lower oil prices could also discourage $800bn of energy efficiency investments between now and 2040. “In a world where the oil price is $50/B fo...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
BP Still Hopeful Of Kirkuk Deal
...Kirkuk, parts of which fell under KRG control after Iraqi troops withdrew rather than fight the advancing militants of the Islamic State of Iraq and Greater Syria (ISIS) – otherwise known as Islamic State (IS) – in the summer of 2014. It is, however, conducting work through contractors under a me...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Genel Energy Steps On Kurdish Natural Gas
...oduction is expected in 2016 and gas for export scheduled to start in the first half of 2018, though the KRG has an option to request gas for domestic use in 2016. The agreement will allow Genel to honor its September 2014 gas sales agreement with Turkey for 10Bcm/year of Kurdish gas. Genel will be en...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Baghdad, KRG Take First Step Toward Deal
...aq’s revenues and to 17% of refining volumes for domestic consumption, it says. This is only a fraction of the KRG’s annual entitlement from the 2014 federal budget, which was never passed. Under an informal agreement between Erbil and Baghdad, the KRG was to receive 17% of federal revenues but the KR...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Oman Output Boost Plans Intact Despite Oil Price Slide
...eraged 947,900 b/d – largely in line with the 950,000 b/d average output target for 2014 it announced in March this year (MEES, 7 March). “There is no intention to phase out or delay any projects, and expenditure will continue as planned,” Finance Ministry Undersecretary, and former Undersecretary to...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
MENA Active Drilling Rigs, October 2014.*
...MENA Active Drilling Rigs, October 2014.* October Br...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Says Oil Price Will Not Impact Expansion
...ergy. Emirates LNG ‘’We expect to develop new gas fields and launch new projects to import LNG. These projects include the awarding of a contract for the Emirates LNG project in Fujairah by the end of 2014 or early 2015,” he told national news agency WAM in an interview on 9 November. The pr...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Keeps Oil Majors Guessing On Onshore Renewal
...pan’s Jan-Sep 2014 Oil Imports (‘000 B/D) Japan Oil Imports From Abu Dhabi (‘000 B/D) Japan too has a strong hand. The UAE is the second largest exporter of crude to Japan after Saudi Arabia (see below and p26) and Japan already has upstream stakes in the UAE, both of them in of...
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