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Majors Caught In Gulf Investment Dilemma
...8 25-30% in 182,000 b/d RasGas trains, 10% of 51,000 b/d Qatargas 1, 30% of 42,000 b/d Qatargas 2 Train 4, 18.75% of 42,000 b/d Qatargas 2 Train 5, 100% of 29,000 b/d Al-Khaleej 1, 80% of 60,000 b/d Al-Khaleej 2, 7% of 110,000 b/d Barzan on stream 2014-15 Sh...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Contractor Shortage Sets Back Libyan Production Ramp-Up
...se in Libyan output. Wintershall Woes Germany’s Wintershall – a subsidiary of chemicals giant BASF – says that raising production on its two Sirte basin blocks from 80,000 b/d to the pre-Revolution average of 100,000 b/d will likely take until 2014. The company had previously said th...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
UAE Gas Projects Advancing Towards Completion
...ortage of at least 2bn cfd of gas each summer. Al-Hosn, a joint venture (JV) between state-owned Abu Dhabi National Oil Company (ADNOC) 60% and US independent, Occidental Petroleum (Oxy) 40%, is set to complete the Shah ultra-sour gas field development in 4Q 2014 – producing 1bn cfd of wellhead ga...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Tullow Consolidates Mauritanian Position Ahead Of Key Drilling Campaign
...ead of a 2014 final investment decision on development of its 1.5tcf Banda gas field. Tullow is acquiring Malaysian firm Petronas’ operator’s stake in the C-6 block taking its share to 88%. This follows last year’s purchase of Australian independent Roc Oil’s minority stakes in C-6 and si...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
South Sudan Plots New Oil Concession Sales
...nk in order to kick-start construction on its side, without specifying amounts. 2014 A Pipedream? This, the minister said, left him optimistic that South Sudan may even be able to export its oil via Lamu before the end of next year. “The impression we are getting from the international co...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Jiddah South Contract Awarded To Mitsubishi
...ptember 2014 and March 2015. The plant will be the first heavy oil fired supercritical power plant in Saudi Arabia. The use of supercritical boilers – Mitsubishi says these units typically operate at a 250 atmospheres pressure and temperature of 600°C – enables operating efficiencies of 40%, compared with ar...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Egyptians Rush Into Dollars, Fearing Pound’s Collapse
...owth rate of 3.3% in fiscal 2013 and 2014, but stresses that this would be below that necessary to generate sufficient job opportunities for some 700,000 new entrants to the labor market each year. ...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Egypt Struggles With Gas Supply Challenge
...epwater (up to 2,300ms) project is now slated for the fourth quarter of 2016 at the earliest, a two-year delay from the target of 2014 when the project was approved in 2010 (MEES, 21 September 2012). Egyptian offshore gas fields typically suffer from rapid decline rates of around 10%/y so a co...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
BG Egypt Output Hit By WDDM Compression Failure
...ditionally plans to move forward with the next phase of WDDM development (Phase 9a) this year, subject to the consent of its partners, Malaysian state firm Petronas and Egyptian state firm EGPC. Some 12 development wells are planned for 2013 and a further six for 2014 to develop an additional 2 tcf of gas re...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Japanese, French, Move To Secure Abu Dhabi Concessions
...ve in November, BP announced it was selling North Sea interests to Abu Dhabi’s state-owned TAQA, boosting its chances of keeping its 9.5% stake in ADCO – ADNOC 60%, BP 9.5%, ExxonMobil 9.5%, Total 9.5%, Shell 9.5% and Partex 2% – when the consortium’s concession expires in January 2014. Paris and Lo...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Renewables To Spearhead Multi-Billion Dollar Moroccan Capacity Drive
...ogram 2011-20 (mw) Installed Capacity 2012-14 Additions 2014-20 Additions Project Capacity Project Capacity Pr...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
UAE’s Dragon Oil Hikes Crude Output
...ans to increase its Turkmenistan production to 100,000 b/d by 2015: the company is set to drill 13-15 additional wells in 2013 and a combined 40 wells in 2014 and 2015. The company’s share price is up 9% since the beginning of the year. Dragon and a consortium of companies that includes Ku...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
IMF Says Morocco’s 2012 Growth Slows To 3.2%
...ocks, in coordination with other macroeconomic and structural policies. Morocco: Selected Economic Indicators, 2010–18 2010 2011 2012 2013 2014...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
QP Considers Next Step For North Field
...en collected over a period of time once it has ramped up to full output. This could be in 2015 after a 2014 start up. The Minister of Energy and Industry, Muhammad al-Sada, has said the study will continue “however long it may take.” However, depending on the study’s results, the moratorium ma...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Iraqi Production Rise Hits Hiccup
...215 715 2013 2,855 195 150 580 3,780 880 2014 3,325 325 16...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Gulf Refiners Progressing Upgrading And Expansion Projects
...tended to meet domestic demand for cleaner fuels beginning in 2014. The company is also building a carbon black and delayed coker plant at Ruwais, with completion scheduled for December 2015 (MEES, 9 November 2012). Qatar’s Laffan Refinery Company is planning to double the capacity of its pl...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
SEC Revises IPP Program To Add Second Dhuba Plant, Adjust Timings
...eration stages 2013 Qurayyah IPP 3,927 Eastern Province Under construction 2014 Rabigh IPP2 1,800 140km north of...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
TAQA Secures Financing For Morocco Coal Plant Expansion
...th a combined capacity of 1.356gw. Two new units with a combined capacity of 700mw will be added, taking the plant’s total capacity to 2.056gw. The first of the new units is scheduled to be commissioned in December 2013 and the second in April 2014. TAQA said on 28 January that the expansion is now 80% co...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Omani Gas, Power Sector At The Crossroads
...e project will set a new price range the government is prepared to pay gas producers to attract upstream investment. It is due to start up in the first half of 2017 – further slippage on a project that was originally scheduled to produce 1bn cfd in 2014. Under the January 2007 deal, BP agreed to la...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
MENA Steps Up Desalination Capacity Expansion
...M joint venture with King ‘Abd al-‘Aziz City for Science and Technology (KACST). The plant is expected to provide up to 30,000 cmd of drinking water and is due online in 2014 as part of a national initiative to build several solar powered desalination plants. IDA says the largest thermal de...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013