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Delek & Mubadala Complete ‘Historic’ Tamar Deal
...nin and were found to be operating as monopoly by a late 2014 antitrust ruling (MEES, 2 January 2015). They remain the key partners at Leviathan with 45.34% and 39.66% respectively, whilst Chevron remains operator at Tamar with a 25% stake. “This step of the transfer of rights and the exit of De...
Volume: 64Issue: 49Published at Fri, 10 Dec 2021 -
Chevron’s Emerging Mena Portfolio
...tions.” While Chevron’s presence in Mena does indeed go back decades, recent years haven’t been bountiful. In 2014 the firm looked to the Middle East to play a pivotal role in planned upstream expansion, with a $3.2bn exploration and appraisal plan focusing on Iraqi Kurdistan, Morocco and Australia (MEES, 18...
Volume: 63Issue: 49Published at Fri, 04 Dec 2020 -
Adnoc Adds To Gulf LNG Bunkering Plans With Inpex Tie-Up
...thorities have previously considered adding LNG bunkering to their capabilities (MEES, 4 July 2014). As a major established hub, it makes sense to add a new string to Fujairah’s bow with LNG bunkering rather than seek to create an alternative location. Fujairah currently receives gas from Qatar via the Do...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Building On Resilience: QP Chief Talks Embargo & LNG Plans With MEES
...troleum’s operations. How have you mitigated the impact? A: When I was appointed as CEO three and a half years ago [MEES, 19 September 2014], I had a different vision for QP. We had to focus on our core businesses, and so I made sure that we consolidated our subsidiaries to become fully aligned. As you sa...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Shell Egypt Output At 15-Year High Ahead Of BG Takeover
...e Western Desert’s Northeast Abu al-Gharadig block located within Bapetco’s main license area (MEES, 19 December 2014). The gas price agreed with both firms is $5.45/mn BTU, but Shell is now believed to be asking for more. State firm EGAS pays a maximum of $5.88mn BTU for gas output but has so far on...
Volume: 58Issue: 49Published at Fri, 04 Dec 2015 -
Egypt Secures Funding For Further IOC Payments
...vember). Egypt first reduced a debt pile that had been growing steadily since the 2011 revolution with a $1.5bn tranche last December, and repaid a further $1.5bn in October. Throughout 2014, the government has also been able to promptly pay producers for current output, according to Petroleum Minister Sh...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
TAQA Secures $1.1Bn Deal For BP UK Assets
...a. The deal comes amid general recovery in relations between Abu Dhabi and BP as the major seeks to renew its stakes in historic upstream concessions, which expire in January 2014 (MEES, 16 November). “We think this acquisition is a great strategic fit for TAQA,” the company’s head Carl Sh...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012