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Contractor Shortage Sets Back Libyan Production Ramp-Up
...the centerpiece of Tripoli’s plans to increase output to 2.2mn b/d by 2017. However, when asked about the company’s future in Libya in the Q&A session following the company’s 6 February results presentation – and whether it was looking to sell its stake – Marathon CFO Janet Clark sounded si...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Vive La Difference! IEA, OPEC Split On Supply, Price Views
...the medium-term, some $10/B higher than last year. While for its medium-term update the IEA has lowered its oil price assumption for 2017 by some $11/B compared to June 2011 (based on the prevailing oil futures prices). Longer-term, the discrepancies are still more marked. According to th...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Jacobs Snags Luberef Contract, Maintenance Curbs Refinery Runs
...ptember, which will be the first of four new refineries due on-stream by 2017 with a combined throughput capacity of 400,000 b/d (MEES, 21 September 2012). In Libya operator Lerco has declared force majeure at the 220,000 b/d capacity Ras Lanuf refinery until 7 March, according to Reuters. An 18 Fe...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Jiddah South Contract Awarded To Mitsubishi
...14 1,760 2014 2017 Al-Raies-1 1,800 2014 2017 Isolated Areas 60 2014 20...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Egypt Struggles With Gas Supply Challenge
...lumes, or if one or more than one winner were likely, Egypt is thought to be looking to secure 2mn t/y. Deliveries could be made to either the Mediterranean or Red Sea coast, according to the tender conditions. It is envisaged imports will be until 2017-18 when Cairo hopes BP’s WND will be hitting full vo...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
BG Egypt Output Hit By WDDM Compression Failure
...d-2015, and all future receivables would be current by 2017. However achieving this is reliant on a positive outcome to ongoing negotiations with EGPC, as well as on future production hitting target levels, BG cautions. BG’s other key Egyptian asset, the Rosetta field “has been producing to pl...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Japanese, French, Move To Secure Abu Dhabi Concessions
...18 NA 0 (start up in 2016) 100 by 2017-18 Umm al-Anbar Adoc JX Nippon 31.5, Cosmo Oil 63.0, TEPCO 1.8, Chubu 1.8, Kansai 1.8 2042 15...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
LNG: Qatar’s Russian Strategy – Compete Or Collaborate?
...kyo, compared to almost 3 weeks’ from Qatar. This is scheduled for first phase completion by 2017-20. Gazprom may subsequently increase its capacity to 25mn t/y, but has not provided a specific timetable (MEES, 21 September 2012). Russia may also compete with Qatar in Europe if it goes ahead wi...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
IMF Says Morocco’s 2012 Growth Slows To 3.2%
...14 2015 2016 2017 2018 Output and Prices (Annual % Change) Real GDP 3.6 5.0 3.2 4....
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
QP Considers Next Step For North Field
...her developments. The gas allocation to ExxonMobil’s cancelled Palm GTL plant has been allocated to the company’s Barzan project, with its ethane feedstock supplying QP/QAPCO’s $5bn petrochemical joint venture, which is in FEED stage, set to come on stream in 2017. Development Options Do...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Iraqi Production Rise Hits Hiccup
...685 525 200 640 6,050 1,050 2017 5,740 585 220 655 7,200 1,...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Eni Starts MLE Production Amid Expanded Corruption Probe
...ourde Nouss – are both gas whilst IOC-operated projects (all gas-focused) in the works have suffered years of delays and are not slated to come onstream before 2016 or 2017 at the earliest, even before the potential for further delays related to post-In Amenas security reassessments. So...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Oman Plans 2013 Tender For Duqm Liquids Terminal
...bruary, an official at the Port of Duqm Company (PDC) which operates and manages the port, said the tender for the new oil terminal at the Duqm Special Economic Zone (SEZ) would be floated before the end of the year, and that they hope for it to be operational by 2017. “We are now working on the fo...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Gulf Refiners Progressing Upgrading And Expansion Projects
...an Planning to raise capacity by 82,000 b/d to 197,000 b/d by mid-2016 DRPIC (OOC/IPIC) Duqm, Oman New 230,000 b/d plant due on-stream 2017 KNPC Al-Zour, Kuwait New 61...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
SEC Revises IPP Program To Add Second Dhuba Plant, Adjust Timings
...r a 1.81gw plant with a completion schedule of 2017, rather than 2016 as shown in the revised program. SEC said at the time that it would begin negotiations with the ACWA led group for a build-own-operate (BOO) development with a view to reaching financial close by the end of March 2013. IP...
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