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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