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BP To Sign Gas Deal With Oman By September
...gotiating price, how much gas the company can produce and over what period of time. The government has recently raised the cap it puts on what it pays producers to $3/mn BTU. Nonetheless BP is hoping to get $4-6/mn BTU for the 1bn cfd of gas it expects to produce by 2017 and a share of the 20...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Confusion Spreads Over Abu Dhabi Oil Fields Concession
...nce the process started and Abu Dhabi, which suffers from a severe gas shortage each summer, does not expect to get full gas output from Shah until 2015. Onshore oil projects also face delays. ADCO’s official target date has slipped from 1.8mn b/d production capacity in 2016 to 2017, partly du...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Kuwait: Oil Minister Reappointed, Refinery Plans Advance, Petrofac In Gas Talks
...ES. Earlier in the year KNPC was citing 2017 as the target for completion, although acting oil minister Hani Husain is understood to have recently said it will be ready by 2018-19. Kuwait aims to build a new 615,000 b/d refinery at al-Zour. In parallel it will develop the Clean Fuels Pr...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Investors Flock To $4bn Qatar Sukuk
...23 2 174.1 /155 3.24 3.241 November 2011 Bond Issue Jan 2017 2 225/184 3.18 3.125 Jan 20...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
New US Sanctions Hit Iran, Upstream Sector Already Stressed
...owing of the Pakistani problems – are not pushing the project and it is unlikely to be completed by 2017. Russia is in talks to provide technical and financial help to the $1.7bn project. The US is pressuring Pakistan to use the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline instead. ...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Gulf Keystone Expects Oil-In-Place Boost At Iraq’s Shaikan Field
...e ultimate development target is 400,000-500,000 b/d. One source tells MEES this is scheduled for 2017, which looks ambitious, but another source says 200,000 b/d is more likely by this date. However, all these targets are moot given that KRG production is currently held-in due to a dispute with Ba...
Volume: 55Issue: 28Published at Mon, 09 Jul 2012 -
Iraq Prepares To Launch GTL Project
...d-2013 for a 2017-18 start-up. Canadian upstream firm Talisman Energy and Sasol expect to complete a feasibility study into a 48,000 b/d or 96,000 b/d GTL plant in Alberta, Western Canada this summer. The FEED will finish 24 months later and then a final investment decision (FID) will be taken. Sa...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Iraqi Gas And Power Emerges As Critical Sector
...frastructure and drawing up priorities. Even with approval of the deal, treated gas supply of around 5bn cfd will only meet demand to around 2017-18, Mr Ghadhban concedes. He estimates cabinet approval should only take one-two weeks, although consultant Asri Mousa, one of the deal’s architects, believes it co...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Kuwait Jurassic Gas: Kharafi Seeks Finance, Shell Faces Second Probe
...wer plants during peak power demand. The fractionation train – the refinery’s fifth – will have a capacity of 105,000 b/d of LPG and condensate, and 800mn cfd of ethane and natural gas. It is scheduled for start-up in 2017. The fourth train, of the same size and configuration, will be built by 20...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011