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Mubadala Restructures Energy Assets, Develops Thai Oil Field
...11 Mubadala Oil & Gas Buys a 20% stake in block 7, deepwater Tanzania, hoping to find gas. Tanzania is considering an LNG export plant. Mubadala plans to build an LNG import terminal by 2014. January 2012 Mubadala Oil & Ga...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
IMF Sees Good Growth Prospects For Libya
...ices are projected to fall from $114.70/B in 2012 to $110/B in 2013 and $102.80/B in 2014. At the same time reconstruction expenditure and the release of pent-up private demand should facilitate an improvement in non-hydrocarbon sectors. But the IMF warns that risks to the outlook include continued po...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Apache Takes Long Term View On Egypt
...12 and 2013 (from 165,000 boe/d for 2011). Output is slated to rebound strongly in 2014 and 2015 boosted by a hike in Apache’s Western Desert gas output with the start of production from the Hydra field and (in 2014) a major compression project at Apache’s key Qasr field. Delayed permit approvals ha...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
TransGlobe Completes South Alamein Purchase, Looks To Bid Round Awards
...rther “drillable exploration prospects” on the concession, based on 3-D seismic. The block’s exploration phase has entered its final two-year extension and expires in April 2014. The South Alamein and South Mariut purchases, together with TransGlobe’s 50% of the nearby East Ghazalat concession, ha...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Jordan Outlines Guidelines For National Energy Strategy
...e first half of 2014 at the Red Sea port of 'Aqaba and to modernize the oil terminal at the port. Mr Batayna went on to say that with the erratic supply of Egyptian gas to Jordan via the Arab Gas Pipeline, the government has decided to lease a vessel to store LNG for use by power ge...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Kuwait’s Agility Wins $238Mn Gorgon Contract
...rvices for the project’s marine loading facility in Perth. In addition, the company won a two-year extension on an existing deal to provide both transportation and supply base services for the $36.8bn Gorgon project, scheduled for start-up in 2014. The extended term of the contract, according to Agility, wi...
Volume: 55Issue: 28Published at Mon, 09 Jul 2012 -
Abu Dhabi Raises Crude Production Capacity Target
...t their targets. The Supreme Petroleum Council is to decide the future of ADCO’s concessions, which cover the emirate’s major onshore producing fields and which are due to expire in January 2014. More than 10 firms have been invited to prequalify by mid-July (MEES, 25 June). This will be the co...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Power Failures Hit Kuwait
...neration capacity to 16gw by 2014-15, to 17-18gw by 2016 and to 27-30gw by 2030. Kuwait’s power demand is growing at approximately 7-10% per year. But Kuwait is short of gas and is importing LNG. It is studying with Japanese conglomerate Toyota Tsusho a proposal to build a $650mn, 1.25mw capacity In...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Fluor Clinches Dow/Saudi Aramco Jubail II Utilities Contract
...d the 1.3bn cfd Hasbah field – both due on stream in 2014. ...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Consortium Signs Agreement To Build Sur, Oman’s Largest IPP
...hwan Engineering Group company) signed an agreement on 13 July with Oman Power and Water Procurement Company (OPWP) to build the Sur independent power project (IPP). At 2.0gw when fully commissioned in 2014, it will be the sultanate’s largest IPP. The $1.5bn project attracted strong interest and in Ju...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Qatar’s $5Bn Barzan Project Financing Progresses
...pend on how competitive it is with the other sources of funding being tapped (MEES, 25 April). Barzan was originally planned for 2012 start‐up, but that date was put back to 2014. Barzan is a two‐train project and will initially produce 1.5bn cfd, although it can be expanded if needed. When in...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
UAE Hopes For $100Bn In Sustainable Energy Investment
...at it will invest $290mn via the DB Masdar Clean Tech Fund – founded with Deutsche Bank - in green projects around the world by 2014. It did not give details of specific projects, but said it had invested the fund’s first $60mn in China. “We are making a second investment this week. It could be be...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Azerbaijan’s Socar To Acquire Bigger Stake In Petkim Refinery Joint Venture
...at carries Azeri Light crude from the Caspian Sea for export. The refinery in Izmir Aliaga is expected to be supplied with Azeri crude shipped from the Ceyhan terminal. The new refinery is estimated to cost $4bn and come into operation in 2014. It will be located next to Petkim’s existing pe...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Qatargas Seals 20-Year LNG Supply Deal With Argentina’s ENARSA
...e delivery of 5mn tons/year of LNG. This would be delivered to ENARSA’s Southern Cone LNG hub – an offshore LNG floating storage and regasification unit – for a period of 20 years. This deal, starting in 2014, is Qatargas’s first long term supply agreement with a South American country, and is ex...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Eni Discusses Upstream Expansion In Azerbaijan
...ilure to clear the Burun acquisition with Asghabat before completing the deal. Eni also expects its gas availability to increase through its equity in Petronas offshore fields, where total gas production is intended to reach 8-10 bcm/y by 2014-15. However, there are doubts over the economics of the CNG ex...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Vitol To Build New Oil Terminal In Cyprus
...elling its electricity generation by 2014, and has already compiled a shortlist of potential LNG providers. Meanwhile, the island’s electricity authority is currently seeking partners for the development, financing and operation of an LNG storage and regasification terminal – also at Vasilikos – expected to...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
ERC’s $2.35Bn Musturud Refinery Project Financing Nears Completion
...ntractors are Japan’s Mitsui and Korea’s GS Engineering, and the expansion and upgrading is being implemented as a lump sum turnkey (LSTK) contract. Completion is planned for 2014. Construction is scheduled to begin shortly after financial close, although some long lead time items have already been ordered....
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
BP Sells Off Egyptian Assets To Apache To Help Fund Oil Spill Clean Up
...rst gas anticipated for late 2014. Other BP projects in Egypt include the Pharaonic Petroleum Company (PhPC) joint venture with the Egyptian Natural Gas Holding Company (EGAS), which operates gas assets in the Nile Delta, and the Gulf of Suez Petroleum Company, a joint venture with EGPC. Its also su...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
IMF Expects Kuwait’s Economy To Rebound In 2010
...scal year ending March 31, eg 2007 refers to fiscal year 2007-08. 3. In 2006-07 KD2bn was transferred to partly cover the actuarial deficit of the Public Pension Fund. In 2008-09, KD5.5bn was transferred. KD1.1bn is budgeted for each year from 2010-11 to 2014-15. 4. Excludes investment income and pe...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Oman To Request Proposals For New IPP At Sur
...wer ahead of summer peak demand in 2013, with full commissioning of the facility slated to coincide with summer peak demand in 2014. The site is ready for construction, with access to the sea and with gas available via an existing pipeline that feeds a nearby LNG plant, the company said. OPWP had or...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010