- Sort by:
- Score
- Published ▼
-
KRG Goes Fishing For New Investors, But Will They Bite?
...sily within the 31,000-35,000 b/d target range. The firm is considering boosting capacity to 55,000 b/d, which it estimates will cost around $17mn more over two years than maintaining current capacity, and eventually 110,000 b/d. But CEO Jon Ferrier tells MEES that his number one priority for 2017 is to...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
KRG Gas Export Plans Fade Away
...y, but progress is painfully slow. Even if a sales agreement is reached in Q1 2017, WesternZagros CEO Simon Hatfield doesn’t expect first gas until the second half of 2019. The KRG had indicated that gas from here and Repsol’s neighboring Topkhana field was earmarked for export to Turkey, but Mr Ha...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Kuwait Targets Heavy Oil Reserves With Eye On Future
...88mn b/d, all of which was produced by KOC. The company claims capacity has risen to just over 3mn b/d and is targeting 3.15mn b/d by March 2017 – it previously aimed to hit this mark at the start of 2015. KOC reports its production capacity breakdown as: South and East Kuwait 1.7mn b/d, North Kuwait 78...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
US Hikes 2017 Output Forecast As Firms Prepare To Raise Spending
...tlook for 2017 US crude output was looking bleak midway through 2016 as oil majors and oilfield services firms cut back on spending. But with oil prices now above the $50/B mark, the EIA has raised its forecasts for next year’s output. The US government agency’s latest Short Term Energy Outlook, re...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Iran Inks Petchems Investment Deals With Japan & China, Shell Adds Upstream MoU
...anian year in March 2017 through short-term usance and medium-terms contracts. NPC investment director Hossein Alimorad says the company is talking with two German companies to open credit lines amounting to €12bn ($13bn), with Japanese firms for a total of €10bn ($11bn) including the Marubeni and It...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Egypt Sparks Up First Megaproject But Scales Back Expansion Plans
...mbined cycle gas turbine (CCGT) plant being built by Egypt’s Elsewedy 115km south of Cairo at Beni Suef. The plant’s generating units will be connected to the grid over the period 2017-20. The Beni Suef plant will comprise eight 600MW generating units, each made up of a 400MW gas turbine/generator an...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Opec Hits New Record Output as Attention Switches to Non-Opec
...d preliminary data indicates November output including NGLs reached 12.3mn b/d (see p6). Brazil is also set to ramp up production further and hit a quarterly record of 2.63mn b/d in Q3, although output slipped slightly in October. The IEA projects liquids output growth to continue in 2017, ri...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Qatar Wealth Fund QIA And Glencore In $11.3bn Rosneft Deal
...0,000 b/d in the Middle East, from fields in the UAE, Qatar, Oman, Iraq and Yemen. Next year Total will take over as operator of Qatar’s most important oilfield, 300,000 b/d al-Shaheen, when Danish operator Maersk’s license expires in July 2017. QIA was also a shareholder in Shell – itself a major in...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
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 -
Iran’s 2017-18 Budget Projects Higher Oil Revenue But Taxing Times Ahead
...Iran’s oil and gas revenue is projected to rise in real terms by 37% to $33bn in the 2017-18 draft budget from $25bn in the current year, President Hassan Rohani announced this week in his budget statement to parliament. The surge in revenue is due to a combination of rising oil exports fo...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016