- Sort by:
- Score
- Published ▼
-
Egypt Pledges To Pay $1bn To International Oil & Gas Firms
...stallments until 2017, it said then. End-2013 filings by IOCs indicate that Egypt was true to its word. BP lopped $700mn from its dues on a year-on-year basis (MEES, 7 March), whilst six smaller IOCs cut receivables by a total of almost $500mn in the fourth quarter alone. Such figures likely un...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Algeria: Politics Unchanged, Oil & Gas ‘Must Do Better’
...tes will start coming onstream from 2017. “For the next few years, we assume things will be held pretty much steady at current levels,” says Mr Pollard. And steady production means falling exports given booming domestic demand – especially for gas, with Algeria bringing online a massive 12GW of gas-fi...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Tunisia: Oil Output Down On Political Delays
...bitious Zarat development plan targets initial output of 24,000 b/d oil from 2017 (with gas initially re-injected). PA’s financial worries only ended when deep-pocketed but controversial Geneva-based trading house Gunvor took a majority stake and pledged to extend financial backing. Gunvor is the ma...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Egypt To Slash Diesel Imports As ERC Work Starts
...d a 32,000 b/d distillate hydrotreater. Initial work will include piling, site preparation and soil remediation. ERC chief executive Thomas Thomason told reporters recently that the plant is expected to start up in early 2017. He notes that Egypt already produces enough fuel oil to meet domestic re...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Saudi Direct Crude Burn Plan Can Only Work Short-Term, Says FGE
...e last of these plants is due online in 2017 (MEES, 4 April). For 2013 as a whole Saudi Arabia burnt 483,000 b/d of crude and 311,000 b/d of fuel oil. With an additional five heavy fuel oil-fired plants totaling 14GW (as well as the 17GW of gas-fired plant) due online by 2018, the official Saudi ta...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Kuwait’s Unstable Politics Slow Oil Sector Advances
...preme Petroleum Council (SPC). Award is expected by October, Mr Hashim says. KOC expects to hit its first phase 60,000 b/d target by 2017; the second phase will take production to about 120,000 b/d by 2020. In the long term, KOC expects to be able to push Ratga production to 270,000 b/d by 2030, but th...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
No Quick Fix For Iraq’s Deteriorating Crude Quality
...ending processes were to blame. Mr ‘Abd al-Zahra, a deputy director general at Iraq’s state South Oil Company, said recently that the addition of new storage capacity at the Fao terminal in the northern Gulf would allow for eventual segregation of Basrah Light according to crude gravity. After 2017, Ir...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Cyprus: Bids In For Gas Import Tender
...d 30 June 2017, with DEFA thought to favor bids that stipulate an earlier start date. One of the bids came from Texas-based Noble Energy and Israeli firm Delek Group, partners in both Israel’s 19tcf Leviathan natural gas field and Cyprus’ own Aphrodite discovery. The others came from Dutch-owned oi...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Oman Hikes Desalination Plan In Line With Population Stats
...14, falling to 461,000 cmd in 2020. While Ghubrah is due to be decommissioned in 2018, OPWP plans to add 57,000 cmd of capacity at Barka-1 and extend the contract for the current 136,200 cmd and add the 200,000 cmd Qurayyat and 225,000 cmd Suwayq plants, due online in 2017 and 2018, respectively. Su...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Chevron Taps MENA For Output Boost
...REGIONAL Chevron Taps MENA For Output Boost Chevron is targeting a 25% increase in its oil and gas production by 2017 from about 2.6mn boe/d in 2013 with the Middle East expected to play a pivotal role in the expansion. The company intends to invest around $3.2bn in exploration an...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Shell’s Iraq Gas Project Inches Forward; First Majnoon Cargo Lifted
...mpany 25%. Under the 20-year technical service contract that expires in 2030, the consortium is to be paid $1.39/B to raise Majnoon output to 1.8mn b/d by 2017. Shell has not yet completed negotiations with the oil ministry on a lower plateau target, which the company believes should be set at 1m...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Abu Dhabi’s Oil Production Capacity Target Slips
...mpletion as scheduled in March 2017 and will round up ADMA-OPCO’s existing capacity expansion projects that will take overall capacity to 970,000 b/d by 2020, two years after the existing concession runs out. Further additions will come from the Upper Zakum offshore field, which is being expanded by an in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Oman Peak Demand To Double By 2020, Gas Burning Up 50%
...ll see gas burning rise by a comparatively modest 50% from 7.4 bcm in 2014 to 11.1b cm in 2020. As long as the country’s key upcoming upstream gas project, BP’s $16bn, 10 bcm/year Khazzan tight gas development, comes onstream as planned in 2017-18, power generation’s share of Oman’s gas output wi...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
OPWP Lines Up Qurayyat IWP
...OMAN OPWP Lines Up Qurayyat IWP Oman’s OPWP is to shortlist bidders to design, build and operate a 200,000 cmd desalination plant at Qurayyat, south of Muscat. It plans end-2014 award for March 2017 start-up with OPWP to purchase the plant’s potable water under a 20-year de...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Turkey: A Hub In The EU’s Future Gas Supply Architecture?
...verning the export of KRG gas to Turkey. The deal calls for an initial 4 bcm/year of natural gas exports from 2017, rising to 10 bcm/year by 2020 and the option of increasing to 20 bcm/year thereafter. Considering the major amount of natural gas reserves being discovered in the KRG, gas exports from th...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Kurdish Export Initiative Stalled By Pipeline Sabotage
...bruary, the highest in more than three decades. Lukoil is operator of the field with a 75% stake. The remaining 25% is held by NOC. Lukoil agreed to lower the production plateau target for West Qurna-2, originally set at 1.8mn b/d to be attained by 2017, to 1.2mn b/d while extending the duration of the 20...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...stralia and Papua New Guinea LNG volumes hit the waters. Qatar’s 77.2mn t/y of production represented about 33% of the global LNG trade in 2013; however, IGU says that Australian liquefaction capacity will surpass Qatari capacity by 2017. In addition to existing capacity, the seven projects currently un...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia In Power Generation Efficiency Drive
...O 2017 U/C PP13 1.65 Gas 2017 PP14 1.65 Gas 2017...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014