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Libyan Federalists Offer Fresh Hope Over Eastern Oil Exports
...st, putting the government under additional pressure. Production, which by last July had recovered to around 1.4mn b/d after a near complete outage during the 2011 revolution, now languishes at just 150,000 b/d. Federalist militia control the Es Sider, Ras Lanuf and Zueitina terminals, which ha...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...T/Y, %) Qatar King, But Not For Long Supply will grow only marginally in 2014, though the two or three projects that IGU expects online this year represent the first significant boost in liquefaction capacity since 2011. Major boosts to global liquefaction capacity will come online in 2015, when new Au...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
KBR Wins Jebel Ali Splitters Upgrade FEED
...ntract, capacities of the new units or the project schedule. It recently said its refinery throughput was 28% higher in 2013 than in 2011, while revenues increased by 50% and profits by 39%. Yet losses on fuel sales within Dubai, because of subsidies, are forcing the company to seek better returns el...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Alstom Bags Eni Zubair Power Contract
...ant as well as supplying the four gas turbines. The company says the project is similar to one received in 2011 for a 728MW gas-fired plant in Mansuriya oil field, under development by private firm Kuwait Energy. Alstom has also rehabilitated an existing power plant at Zubair, raising capacity by 60MW to...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia Keeping Politics Out Of The Mix
...pense of falling imports of Mexican crude, which slumped in 2013 to 919,000 b/d from 1.2mn b/d in 2011, and from Venezuela, whose exports to the US fell to 797,000 b/d last year from 960,000 b/d in 2012. Canada remains the single largest exporter of crude oil south of its border and its share of the US...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Qatar Announces Record Budget But Curbs Expenditure Growth
...up by more than 20%, in preparation for the hosting of the 2022 World Cup. The new budget, which began on 1 April, is expected to carry on with the implementation of programs and strategic development projects envisaged in Qatar’s national strategy for 2011-16, and the realization of the ob...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 100.29 100.40 99.30 100.48 100.68 98.56 97.54 98...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Iran Targets New Buyers For Its Crude
...24 April, quoting official sources. This was down from the previous year’s figure of 18.1mn tons (362,000 b/d). This plunge, PTI said, meant Iran is now India’s sixth largest supplier of crude in 2012-13, behind Saudi Arabia, Iraq, Venezuela, Kuwait and the UAE. In 2011-12, Iran was the third la...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Shell’s ‘New Lenses’ Offer Kaleidoscopic Vision
...ansmission projects of the ‘Desertec’ variety (MEES, 14 November 2011) “given the difficulty of high-level international policy coordination”. Mix And Match Kaleidoscope This highlights one of the drawbacks of Shell’s approach. Of course it is understandable that for the sake of simplicity the ma...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Total Sees Partnerships, Technology, Exploration Driving Growth
...gionally and globally, in a bid to drive production from 2.3mn boe/d in 2012 to its targeted 3mn boe/d by 2017. The group’s expected Middle East production of around 550,000 boe/d this year is slightly down on 2011’s 570,000 boe/d. Privately officials concede that the region’s operating environment is cu...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Benchmark Crude Prices/Saudi Arabia Crude Production
...OIL PRICES Benchmark Crude Prices* 25-Apr 15- 19 Apr 08- 12 Apr 13-Mar 13-Feb Q1 2013 Q4 2012 2012 2011 WTI 93.64 87...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Egypt Rejoins MENA Nuclear Pursuit, Iran Plans Two New Bushehr Plants
...perimental reactor in Anshas.” The announcement revives a 2007 plan, postponed by the interim government following the February 2011 revolution. Egypt set up its Nuclear Power Plants Authority (NPPA) in 1976 and selected Dab’a, 250km west of Alexandria, as the site of its first nuclear plant. It al...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Iraqi Provincial Elections: Prelude To A New Balance Of Power
...ections, down from 72% in previous elections in 2009. The drop reflects growing disillusionment with the post-2003 political process. The April 2013 elections are the first to be held following the departure of US forces in late 2011. Iraqis typically vote on the basis of their sectarian or et...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
EU Eases Syria’s Oil Sanctions
...day eased certain EU sanctions against Syria, including the oil embargo, so as to help the civilian population and support the opposition.” EU sanctions were imposed in 2011 in response to the Asad regime’s crackdown on pro-democracy protests. Sanctions banned exports of key equipment and technology to...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
International Oil Market Developments
...vements, which led to the suspension or huge reduction of exports from countries such as Egypt, Syria, Yemen and even Tunisia. Moreover, conflict between Sudan and South Sudan led to suspension of the latter’s exports. • The tsunami, which hit Japan in March 2011 led to the shutdown of most Ja...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
BP And Eni Show Faith In Egypt’s Offshore
...000ms+ water depth. Contains Shell discovery 15 N. Burg El Arab Offshore 3,180 Pura Vida 2,755 Y 5 Edison (Sidi Abd El Rahman) Edison relinquished 2011 Source: EGAS, Egypt’s Oil Ministry. *Ar...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
South Sudan Oil Revenues Expected By August
...danese oil has crossed the border into Sudanese territory for the first time in more than a year. This coincided with a state visit by Sudanese President ‘Umar al-Bashir to the Southern Sudanese capital of Juba – the first such visit since the South broke away from Sudan in 2011. “The first ba...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Shale Revolution – Threat To Mideast NGL Exports?
...port Import Demand Output Export Import 2011 2,272.30 2,544.10 148.3 202.1 1,523.00 1,545.70 115.7 5.4 67 60.8 78...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Prices Fall On Economic Growth Concerns
...mbers will be watching the trajectory of Chinese purchases very closely in the next couple of months. Chinese Crude Imports From OPEC & MENA Countries ('000 b/d) Jan-Feb ‘13 Rank 2012 Rank 2011 Ra...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
...aybah. The expansion project at Khurais will be completed by 2016-17 and Shaybah by 2017. Saudi Aramco from 2004 to 2011 managed to deliver over 3mn b/d of gross additional crude production capacity (and more than 750,000 b/d of NGLs and significant gas volumes) in six major projects, of which only one, th...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013