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ExxonMobil Mum On Abu Dhabi Onshore Plans
...re qualified to bid for the onshore license, where production is set to rise to 1.8mn b/d by 2017. ...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
BP Lays Out Eastern Shift In Global Gas Demand
...rket eastward. In fact, BP sees the US as a net gas exporter as early as 2017. Shale gas production will be one of the key global energy trends through 2035. In the US, shale gas production will likely more than double by 2035 – to 65bn cfd, which will account for 70% of total US gas production. Fo...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
UAE Plans For Long-Term Gas Imports With North American Investment
...rminal in Fujairah. This will be capable of handling 1.2bn cfd of gas from 2016 or 2017 (MEES, 15 November 2013). It already has a floating regasification unit at Jebel Ali in Dubai. “There is a logic to... diversifying the sources and to have a contribution from the US and Canada,” Mr Mazru’i says. “We...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Abu Dhabi Faces Power Crunch
...ruggle to meet demand in Abu Dhabi and the UAE’s Northern Emirates, when electricity usage spikes during the hot summer months that year. Nuclear Delay? Significant additions to power generation capacity will not materialize before 2017 at the earliest, when the first of four 1.4GW nuclear re...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Turkey Power Projects Pipeline Seeks To Maintain Fuel Balance
....92GW Additions By 2017 4.40GW Total 2017 62.32GW Source: MEES. *Capacity Expansion,** Possibly Rising To 7gw. † First Plant....
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Force Majeure A Reminder Of Risks For Energy Producers In Egypt
...vernment in December announced it would pay back $1.5bn of the roughly $6bn it owed international oil companies (IOCs) in unpaid receipts, vowing to repay a further $3bn in instalments by 2017. It has also pledged to improve the terms for offshore gas developments. In the final days of 2013, state-ow...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Qatar Expands Overseas Ambitions With Brazil Deepwater Deal
...ar and will ramp up to 140,000 b/d by 2017. Excitement Abroad, Dull At Home At home, Qatar does not appear set to end the moratorium on new developments at the North Field over the medium term. Its growth strategy now appears to have shifted abroad, where it will augment the success of its so...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Gas The Priority For Iran’s New Oil Team
...an’s oil production, which, given the age of many of its key fields, is reliant on ever-increasing volumes of re-injected natural gas to maintain output. Five By 2017 A more likely scenario envisages the five phases in question to be complete by mid to late 2017. Sour gas production from Ph...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Upper Zakum Extended, Terms Sweetened
...vember, ADNOC unveiled a plan to boost Upper Zakum production from current levels of about 585,000-590,000 b/d to 1mn b/d. Prior to the announcement, ZADCO had planned to push production to 750,000 b/d by 2017. It is unclear when the consortium expects to hit the 1mn b/d target; Inpex said in a statement th...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Aramco Awards Bring Forward Shaybah 1Mn B/D Target To 2016
...vest some of its $500mn fund for technology startups in the Boston area, Mr Falih says. Aramco: Key Crude Additions (‘000 B/D Capacity) Field Now By 2017 Shaybah 750 1,...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Kurdish Oil Heads North But Not Yet To Sea
...r substantial gas resources at Miran and Bina Bawi for the Turkish market.” The GSA concluded with Ankara in November 2013, calls for an initial 4 bcm/year of gas exports starting in 2017, rising to 10 bcm/y by 2020 and the option of increasing to 20 bcm/y thereafter, Genel says. It anticipates th...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Socar Turkey Picks FW For Aliaga PMC
...rm AMEC has already completed front-end engineering and design (FEED) for the plant. Foster Wheeler envisages 2017 start-up for the 200,000 b/d, $4.35bn plant, which will be able to process a range of crudes including Russian Urals, Azeri Light and Iraqi Kirkuk. Socar last year awarded the pl...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Jordan Pushes Shale And Wind In Quest For Diversity
...ocurement and construction (EPC) of the 540MW power plant for start-up in the second half of 2017. The ministry expects the plant to save JD350mn ($494mn)/year on importing of oil for power plants. Enefit says Switzerland-based Foster Wheeler will provide a circulating fluidized bed boiler island and Ge...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Egypt: Sisi In The Wings As Arab Spring Challenges Remain Center Stage
...s able to pay back $1.5bn of its debts to IOCs late last year, with the promise to pay a further $3bn in instalment by 2017. The prospect of higher remuneration for gas produced in high-cost offshore developments has meanwhile reinvigorated interest in Egyptian acreage. Unfortunately for the fu...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Iraq Expects West Qurna-2 Start-Up By End-February
...ft, said in a statement that a first line with capacity of 60,000 b/d would come onstream in the near future. Output is forecast to reach 170,000 b/d by 2017 and is expected to remain at this level for seven years, the company said. Any significant future increases in capacity will depend on the ti...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
IOCs Welcome New Egyptian Bid Round As Sign Of Progress
...fore Prime Minister Hazim al-Biblawi announced last month that $1.5bn of this debt would be repaid immediately, and a further $3bn would be paid in instalments by 2017. “They are trying to project the image that Egypt is a good place to invest,” said Joe Versfeld, regional exploration manager for US...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Petroceltic Focuses On North Africa As Investment And Production are Set To Slump
...r completion in 2017, “is substantially agreed and should be signed during Q1 2014,” the company said in a 7 January release. The Ain Tsila consortium – Petroceltic, Algeria’s state oil company Sonatrach and Italy’s Enel – are aiming to award the front end engineering and design (FEED) contract du...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Saudi Starts 4GW CCGT Plant, Further 30GW Planned By 2018
...2017 (MEES, 3 January). The plant will burn hydrocarbons but incorporate 20-30MW of solar capacity to reduce saturated steam production and increase fuel efficiency. SEC requested expressions of interest on 25 December for developing the Dhuba-1 IPP in the Tabuk region. The company says the pr...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Saudi Platform Sinks
...gher recovery rates of up to 70% from existing fields while adding some 550,000 b/d of new capacity from the Shaybah and Khurais fields by 2017, though overall capacity is set to remain at 12.5mn b/d as some older reservoirs are given a rest. Safaniyah, which was discovered in 1951 and entered into pr...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
MENA Power Survey - Regional Capacity Rises 4.4% to 350GW In 2013
...mpletion in 2015 (MEES, 22 February 2013). It started work on two 1.65GW CCGT plants, PP13 and PP14, due online in 2017 (MEES, 29 November 2013). It also awarded a second supercritical technology oil-fired plant, 2.64GW Shuqaiq, due online in 2017 (MEES, 16 August 2013). SEC also awarded the 2.1GW Ra...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014