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Tunisia Struggles To Keep Oil & Gas Output Up
...wn from 201mn cfd in 2010. With the concessions only accounting for a tiny fraction of Shell’s global output, the firm has long been looking to concentrate its efforts elsewhere. It was looking to quit Tunisia as far back as 2017, though back then it was looking to at least make some cash from a sa...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
Algeria Blocks Total-Oxy-Anadarko Deal
...adarko Africa’ price tag, save for a clear indication that Mozambique accounted for the lion’s share. Total had already acquired 12.25% of the blocks in question (404a and 208) when it bought Maersk’s upstream assets in 2017 (MEES, 27 August 2017). The deal to take Occidental’s operating stakes of 24...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Oman Carves Up South In Bid To Attract Investment
...st year’s bid round (MEES, 9 November). Nearby Block 71 contains the (less than 10°API) Habhab heavy oil field whose recoverable reserves are technically classified as bitumen and thus need extensive EOR techniques to be profitable. PDO tendered the project in 2017 but little has subsequently come of it...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Adnoc Adds To Gulf LNG Bunkering Plans With Inpex Tie-Up
...e third instance of a Gulf State announcing LNG bunkering plans. Qatar was the first mover, signing an agreement with Shell to develop LNG bunkering infrastructure “at strategic shipping locations around the globe,” although this would most likely be outside Qatar (MEES, 16 June 2017). QP CEO Sa...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Eni Cuts Zohr Stake: BP First Taker, Rosneft Next?
...gned with BP, the UK firm has an option to buy a further 5% stake under the same terms “before the end of 2017,” ie Zohr’s planned start-up date. BP is Eni’s habitual partner in the Egyptian Mediterranean. The firms have a 50:50 split of the three key offshore Mediterranean blocks – El Temsah, Ras El...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Turkey Bags More CCGT Funding, Russia Pledges Gas
...the plant in 2017 (MEES, 7 November). EBRD says it will provide a loan of $250mn, comprising $200mn from its own account and $50mn syndicated to Banque Saudi Fransi. The latter is also providing parallel financing of $100mn under a murabaha Islamic financial instrument, says EBRD. The Wo...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Alstom, Bemco Target Region With Saudi Generators Plant
...r 2017....
Volume: 56Issue: 49Published at Fri, 06 Dec 2013