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UAE Gas Growth Outlook Revised Up Sharply
...st, with its abundance of low-cost energy resources certainly has a strong business case to attract AI data centers, and the UAE has made no secret of its plans to capitalize on this. It appointed a minister of state for artificial intelligence in 2017, launching the UAE strategy for AI in the same ye...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Genel Considers Impairment At Iraqi Kurdistan’s Sarta As Latest Well Flops
...aqi Kurdistan marked a major milestone for the region as the first new field to enter production since 2017 (MEES, 27 November 2020). But more than two years later production has dwindled from initial levels and work on appraising new areas has flopped, leading operator Genel to this week announce an im...
Volume: 65Issue: 50Published at Fri, 16 Dec 2022 -
Qatarenergy Egypt Entry Could Be Prelude To Further Energy Partnerships
...verage our joint expertise,” Shell Egypt country manager Khaled Kacem says. GEOPOLITICAL SHIFT QE’s upstream entry is of geopolitical significance in that Egypt under President Sisi was an enthusiastic backer of the Saudi and UAE-led embargo of Qatar from mid-2017 (MEES, 9 June 2017...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
Egypt: Key Eni Wildcat
...pears to have bumped drilling of a fourth development well at the Atoll field from 1Q 2020: the Maersk Discoverer is currently in place. ‘Phase-1’ Atoll output began in December 2017 with the latest well slated to hike production from 300 to 400mn cfd (MEES, 30 August). Following Atoll, the rig will mo...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
China’s Zhenhua Acquires Abu Dhabi Concession
...ncession. Adnoc Onshore immediately becomes the crown jewels of Zhenhua’s portfolio, through its North Petroleum International subsidiary (also known as Zhenhua Oil). None of the parties involved have stated how much Zhenhua paid for the asset, but when CEFC secured its 4% stake in February 2017 it paid $88...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
QP Enters Mozambique
...ternational footprint. QP has secured a swathe of international assets over the past two years under Mr Kaabi’s plans to transform the firm beyond all recognition (MEES, 8 December 2017). The bulk of QP’s moves have been in the Americas, in particular Brazil and Mexico (MEES, 5 October). But the firm is...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
KRG: IOCs Nervously Eye Calendar As Payment Wait Drags On
...r the next round. As MEES went to press the next batch of payments had yet to be received, elevating concerns over the KRG’s ability to maintain a regular schedule. In 2017, the KRG has actually improved its record of paying companies. The interval for 2017 payments averaged 31.7 days whereas fo...
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Should I Stay Or Should I Go? Majors In The KRG
...nada’s Western Zagros as operator of the Garmian block in southwestern Kurdistan in May. Both partners have 40%. • Production comes from the Sarqala field, which is producing around 5,500 b/d of light oil from one well. Spudding of a second well has been pushed back from H1 2017 to Q3 2017, bu...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
Oman To Invest Up To $4bn In E&P Despite Cash Shortage
...tput would come from. Going forward the firm’s key output boost will come from its 40% stake in the BP-operated $16bn, 1bn cfd Khazzan tight gas project which is due to come online in 2017. The UK firm said earlier this year it would boost the number of rigs it has operating at Khazzan from six to 11...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015 -
Oman Starts Qualification For Three New Desalination Plants
...line in 2017-19 and will take Oman’s desalination capacity under development to 970,000 m3/d. OPWP expects Oman’s peak water demand to rise from 934,000 m3/d in 2014 to 1.34mn m3/d in 2020. Oman’s current desalination capacity is 740,000 m3/d. OPWP has awarded Singapore’s Hyflux and local firm Mo...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015 -
Eni Rocked By Algeria Corruption Probe
...June 2011). The Iraqi part of the investigations relates to Eni’s contract to spend $18bn raising production at the giant Zubair field from the current 270,000 b/d to 1.2mn b/d by 2017 (though there is likely to be some slippage on both volumes and date). Eni has maintained a code of si...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012