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Basra In Turmoil As Oil Services Firms Retreat Following Violence
...maila is being developed further by a consortium of BP and Chinese state firm CNPC, and was the first service-contract to be awarded by the Iraqi oil ministry in its first post-war bidding round in 2009. The contract calls for raising production to a plateau of 2.85mn b/d by 2017, but the Rumaila co...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Ups The Ante As Oil Acreage Race Heats Up
...ergy, while maintaining its role as a reliable supplier of hydrocarbons to the world. To that end it is spending $70bn to raise its oil production capacity to 3.5mn b/d by 2017. He did not provide a figure for current capacity, believed to be around 2.8-2.9mn b/d. “International oil and gas co...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Turns To CO2 To Enhance Oil Recovery
...dustry average, and demand for gas in domestic power generation will remain strong in spite of nuclear reactors that come online from 2017. This is in part due to the growth of the industrial sector, as further steel plants and aluminum smelters are either being built or are in the pipeline. These pr...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
ADNOC Creates New Crude Blend To Go On Sale From Next July
...ys. ADMA-OPCO is preparing to award contracts for full field development to produce 65,000 b/d by 2017. Total ADMA-OPCO production is set to rise slightly in 2014 to around 650,000 b/d with the the Nasr and Bunduq fields adding the 50,000 b/d increment over 2013. ADMA-OPCO targets total production of 76...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Bahrain: Question Mark Hangs Over Oil and Gas Projects
...ans amid financing concerns. It appears, however, that Bapco’s scaled-back plans face similar woes. Bapco said previously that it intends to expand the refinery in stages, with the first units coming online in 2017 and the last in 2020. It is now unclear if Bapco will meet this target. The ex...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Further Delay For Emirates LNG Import Plans
...irates LNG’s revised plans will almost certainly push completion back to 2016 or 2017. The UAE currently imports 2bn cfd of gas from Qatar via the Dolphin Energy pipeline (this could increase to up to 3.2bn cfd if Dolphin secures additional resources when it completes installation of additional pi...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
OPEC To Ride Out ‘Shale’ Storm And Reemerge Stronger
...s 2013 annual World Oil Outlook (WOO) released late last week, OPEC says it envisages the call on its crude to steadily decline year-on-year until 2017, at which point demand for its oil will hit 28.8mn b/d, some 1.5mn b/d down on current levels of 30.3mn b/d. This would represent just a 31% share of...
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