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Cyprus: Aphrodite First Gas Slated For 2025
...December 2011 (MEES, 12 December 2011), but despite initial optimism it has failed to ignite a wave of industry for Nicosia. Instead, development has been stymied by the field’s location – 160km offshore in 1,750ms of water, straddling the maritime border with Israel – and low demand in Cyprus’ sm...
Volume: 62Issue: 17Published at Fri, 26 Apr 2019 -
Abu Dhabi’s Taqa: Upstream Down Despite Price Recovery, Power Steady
...83bn in 2018, having peaked at $7.57bn in 2012. Last year power and water provided 53.0% of Taqa’s income, and upstream operations contributed 31.3%. This marks a near-reversal from 2011 when upstream’s peak contribution was 44.8% and power and water accounted for 30.2%. Taqa’s results also separate ou...
Volume: 62Issue: 17Published at Fri, 26 Apr 2019 -
Israel: Energean Bags More Reserves, But More Needed
...cm/y processing capacity and 800,000 barrels of oil storage, “leaving a further 3.4bcm/y of spare capacity for additional sales of discovered gas at Karish and the tie back of future discoveries,” Energean says. Karish and the 2011 Tanin discovery were purchased in 2016 for $148mn (plus a share of fu...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Sudan’s Bashir ousted
...rocities committed in Darfur. This is hardly the change that the Sudanese protesters have been clamoring for. Mr Bashir was also the last president to govern a united Sudan, after the south, along with the majority of the country’s oil production, became independent in 2011. Sudan produces around 95...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Tunisia Fuel Hikes Increase Pressure On Government
...rch). Economic malaise has been the norm since the 2011 revolution overthrew dictator Zine al-Abidine Ben Ali (MEES, 16 November 2018). In the years since, inflationary pressures have wreaked havoc with peoples’ purchasing power and the unemployment rate at over 15% has barely moved in the last six ye...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Battle For Tripoli Rages On
...far, no disruption has been reported. GREATEST THREAT In a meeting with GNA prime minister Fayez Sarraj, NOC head Mustafa Sanalla said oil and gas exports face their greatest threat since 2011. He also told the Financial Times on 11 April: “Unless the problem is solved very quickly, I am...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
UAE’s Mubadala Sells Cepsa Stake To Investor Carlyle
...id €3.97bn for the remaining 52.95% in 2011. IPIC was then merged into Mubadala in 2017 (MEES, 24 February 2017). This left Cepsa sitting alongside a host of other energy-focussed Mubadala investments, including its subsidiary Mubadala Petroleum. Holding two wholly-owned energy entities with se...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Egypt ‘Zohrs’ Past Libya As Eni’s Top Gas Producer
...e lowest figure since the Revolutionary year of 2011 (MEES, 11 January). Eni has plans to boost its gas production offshore Libya through the development of peripheral fields (MEES, 29 March). But overall Eni expects its Libya output to fall over the coming years (MEES, 13 April 2018) as the fi...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Israel-Egypt Gas ‘By End-Q2’: Is This Realistic?
...URCE: NOBLE ENERGY, DELEK GROUP, MEES. ARBITRATION HURDLE The start of Israel-Egypt gas shipments also requires the resolution of a long-running legal dispute over Cairo halting of gas flows via the EMG to Israel in 2011 (MEES, 11 December 2015). In 2015, the Geneva-based International Ch...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Libya: Key BP/Eni And Total Deals Yet To Materialize
...,000 km2 acreage – ‘Area A’ and ‘Area B’ in the Ghadames Basin bordering Tunisia and Algeria and a huge offshore block in the Sirte Basin – in 2007 committing to spend at least $900mn and drill 17 wells (MEES, 4 June 2007). But just as BP was to commence offshore and onshore drilling in February 2011...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019