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Qatar Tiptoes Into North American Upstream
...ns/year, is a joint venture between QP (70%) and ExxonMobil (30%). Among other projects, ExxonMobil has a 7% stake in QP’s 1.4bn cfd Barzan gas project, which is set to come online in 2014. In a joint statement, Centrica and QPI said that CQ Energy Canada Partnership (Centrica 60%, QPI 40...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Oil Exporters/Importers Performance Gap Shrinking, Says IMF
...lf Cooperation Council (GCC) countries. The report says additional oil supplies from Iraq and Libya are expected to more than offset a decline in oil exports from Iran in 2013, while lower net demand for Saudi crude exports could result in marginally lower production. Looking ahead at 2014, ov...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Cyprus Bail-Out Terms Signal Huge Policy Shift For Eurozone Bank Resolution
...idelines set in Frankfurt. The Eurogroup hopes that the SSM will begin operations in 2014. Furthermore, transactions - account opening and money transfers - will in future be subject to much greater scrutiny, removing one of the competitive advantages which Cyprus held over most Eurozone countries, where su...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Egypt: Fraying At The Seams
...andard $2.65/mn BTU state firm EGPC pays foreign operators. BG in February sanctioned the latest phase, ‘9b,’ of its giant West Delta Deep Marine project, which it hopes will boost output from 2014, having said that go-ahead was linked to receiving guarantees from EGPC on LNG export volumes. Of...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
DNO, Genel See Iraq Crude Boost
...heme operating in the first half of 2014. Over the same period we will be evaluating and drilling a number of other prospects we have in the Chia Surkh license,” he said. The Chia Surkh license is operated and held 60% by Genel Energy. The remaining 40% is held equally between Petoil Inc and th...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Basra-‘Aqaba 1Mn B/D Pipeline Project Advances
...fshore Single Point Mooring Buoys (SPMs) to boost southern export capacity to 6.6mn b/d will be in place by end 2014, pledged Thamir al-Ghadhban, head of the Iraqi Prime Minister’s Advisory Commission (MEES, 29 March). Two SPMs were installed by last March, but only one has been able to load at any one ti...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Lebanon Starts Up Power Barge, Awards Contract For New Plants
...ectricity, respectively. Being built by Danish contractor Burmeister and Wain at an estimated cost of €270mn, they are scheduled to be handed over to EDL in 2014. Initially run on diesel fuel, they will be convertible to gas-fired operation when Lebanon has gas supply infrastructure working as planned. ...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Kufpec Looks to Asia-Pacific To Boost Output
....4%) as well as the 2014 start of the 10,500 b/d Balnaves development (Kufpec 35%) in Australia. Yemen, Pakistan Make Up 60% Of Kufpec Production Yemen and Pakistan production accounts for about 60% of total Kufpec production. MEES reported on 29 March that Kufpec was among nine co...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Shell Set For Major Fujairah Storage Lease
...veloped into a top global bunkering, storage and trade center and is of comparable importance and size to Singapore and Rotterdam. Expansion Plans It is expected to expand further: liquid fuel storage capacity is expected to double to over 10mn cu ms by the end of 2014, from nearly 5mn cu ms...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
SEC To Sign Rabigh-2 Power Plant Deal, Concludes $2Bn Sukuk
...ovince Under construction 2014 Rabigh IPP2 1,800 140km north of Jiddah Pre financial close stage 2016 Dhuba IPP1 550 North West Red Sea Coast Planning stage 2016 Dhuba IPP2 1,...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
China & GCC Widen Energy Ties
...ey had gathered in New York for a UN General Assembly meeting. Outgoing Prime Minister of China, Wen Jiabao, visited Abu Dhabi in January 2012 as Chinese oil companies were chasing onshore concessions ahead of their January 2014 expiration. As Vice President in 2008, Mr Xi held extensive me...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Iran’s Economy Facing a Challenging Year
...deed seem to indicate that the new Persian year (March 2013-March 2014) is likely to witness—apart from unforeseen political crises related to the June 2013 presidential election or other events - a combination of anemic growth, double-digit inflation, near record unemployment, multiple exchange ra...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Kuwait, Oman And Qatar Push Refinery And Condensate Splitter Projects
...sref) 400,000 End 2014 UAE Ruwais 400,000 2013 10bn New refinery at sa...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
TransGlobe Targets Egyptian Growth Despite Delayed Payments
...ly 2011, first oil expected mid-2012 (800-1,200 b/d). Exploration permit expires June 2014. **South Alamein W Desert 50% (op)**, El Paso 50% 0 0 0** 20...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Turkey And India Eyeing Qatari LNG
...r year to India in 2004, and a further 3.7 bcm/y beginning in January 2010. India is also set to purchase around 2 bcm/y of LNG from the $36.8bn Australian Gorgon project, beginning in 2014. Turkey And India LNG Imports In 2010 Turkey In...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Abu Dhabi Burns More Crude And Gasoil To Meet Power Challenge
...ES at the Sour Oil and Gas Advanced Technology conference on 25-29 March. It will ramp up in 2015 to 500mn cfd of sales gas instead of the targeted 2014. Some estimates have shown Bab and offshore Hail each potentially providing 400-600mn cfd of sales gas, but Habshan 5 is not designed to handle the am...
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
Oman Relies On PDO And BP To Meet Gas Challenge
...shore tight gas field, which it took over from BG in 2010. OOC will also take over Ras al-Khaimah Petroleum’s West Bukha offshore field in the Strait of Hormuz, bringing 45mn cfd of gas onshore to Oman instead of the UAE – its current destination – when its gas processing plant starts producing by 2014 (ME...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Iran And Oman Developing Hormuz Gas Projects
...l Company’s (OOC’s) upstream subsidiary Oman Oil Company Exploration and Production (OOCEP) is building a 120mw power plant on the Musandam peninsula, which juts into the Strait of Hormuz. The plant – scheduled to be operational in 2014 – will use feedstock from the field, which currently goes to Ra...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Dow Seeks Local Partner For New Coatings Plant
...nstructed in Jubail Industrial City, to be operational in 2014. It will be located next to the $20bn Sadara 3mn tons/year integrated petrochemical project which is being implemented by Dow and Saudi Aramco (MEES, 2 April). The spokesperson said that at this stage it is too early to say conclusively whether an...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
IOCs Offer Abu Dhabi CO2 Technology To Secure Oil Fields
...xonMobil (9.5% each) and Portugal’s Partex (2%) – expires in January 2014, and its international oil company (IOC) shareholders are nervous that its fields might be awarded to newcomers. In January, at Masdar’s World Future Energy Summit, ADNOC’s chief 'Abd Allah Nasir al-Suwaidi made a statement that was wi...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012