- Sort by:
- Score
- Published ▼
-
Abu Dhabi Invites IOCs To Prequalify – Partex’s 2% Stake Up For Grabs
...pability to bury 1mn tons/year of CO2 through injection by 2015. KNOC’s Exploration and Production Technology Institute is researching CO2 flooding with overseas laboratories. CNPC lacks proprietary technology, but has some experience from EOR pilot projects. It says in its annual report: “In 2011...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Kuwait’s Previous Parliament Reinstated, Shell And K-Dow Probes Continue
...lp develop northern Jurassic gas fields (MEES, 8 August 2011). The investigation, which continued under the following parliament, includes whether Shell has operational or management control over the planned 1bn cfd sour gas project in Umm Niga and Sabriyah gas fields, and if KOC followed its own pr...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Oman Anticipates More LNG Exports On Back Of BP Upstream Output
...oject starts ramping up end-2016/early 2017, Nick Wilson writes. In its 2011 annual report published in May, OLNG says although its exports by volume declined 2%, its revenue rose 26.47% compared to the year before from $3.13bn to $3.96bn due to a 31% rise in prices. OLNG’s sales are in Asia-Pa...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
South Sudan Makes Progress On Proposed Kenya Pipeline
...scuss ways in which the government could repay the firm for its work in the long run. Following the South’s secession from Sudan on 9 July 2011, the two sides have been locked in a dispute over a number of issues including the sharing of oil revenues, the position of the 1,800km border and the di...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
AMF Chief Tackles MENA Financial Reform, Arab Spring Fallout
...d-2010. The AMF is participating with other international financial institutions in the Deauville Partnership with the Arab Countries In Transition, which was launched in 2011 by the G8 forum of governments. This is to support democratic transition, strengthen governance, foster economic and social in...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
CGES Says Saudi Arabia Has ‘Free Hand’ Over Output After OPEC Meeting
...e 18 June Monthly Oil Report, CGES says oil prices have fallen by almost 25% from their recent mid-March peak of nearly $128/B and slipped below $100/B at the beginning of June for the first time since February 2011. “What happens to oil prices over the next six months,” says the report, “is largely in...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Crude Oil Formulas/Posted Prices ($/B)
...L PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Nigeria (Dated Brent + / - Adjustment Factor; $/B) 2012 2011 Jul Ju...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
ERC’s Musturud Refinery Project Secures Funding Despite Political Turmoil
...nsions. The project was kept on ‘life support’ through the 2011 tumult because its economics are compelling. The Egyptian authorities have acknowledged that it will help alleviate the country’s growing products shortage. On announcing the deal’s completion, ERC parent, private equity company Citadel Ca...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Egyptian Equities Tumble To Five-Month Low On Rising Political Tensions
...nual rate to 8.3%, down from 8.78% in the previous month. Preliminary data, said the CBE, showed that real GDP climbed 5.2% in the third quarter (fiscal 2011-12 began on 1 July 2011) following “feeble” growth of 0.35% in the first two quarters. During the first three quarters GDP was up 1.8% on the ba...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
BP Starts Drilling Of First Risha Gas Well
...ccessful 5,000 sq km seismic acquisition program in 2011,” BP said adding that the survey was one of the largest ever acquired in the Middle East. The well in the Risha concession, located 360km east of 'Amman near the Jordanian-Iraqi border, is expected to take three to four months to complete and a nu...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Kuwait’s Al-Zour Refinery ‘Progressing’, Says Minister
...troleum Company (KNPC) expecting to relaunch the tender after getting the green light from both the country’s Supreme Petroleum Council (SPC) and Kuwait’s Ministry of Oil (MEES, 7 November 2011). “There were some concerns from parliament [in the past], but these concerns were not about the re...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
IMF Says Kuwait’s 2012 Economic Outlook Positive Despite Political Instability
...WAIT IMF Says Kuwait’s 2012 Economic Outlook Positive Despite Political Instability Kuwait’s real GDP growth in 2011 is estimated at around 8.4%, supported by a 15% increase in oil production, the IMF said in its Article IV consultation with Kuwait, published on 15 June. Higher oil revenues re...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
BP And AGOCO Seek Contractors For Libyan Work
...lf of Sirte will follow the start of onshore drilling, likely in 2013. Offshore drilling had also been planned for the first half of 2011. AA notice posted on the website of Libya’s National Oil Corporation (NOC) on 16 June called for contractors “to register their interest for the pr...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
US Energy Strategy At A Glance
...dependence from imported foreign oil, considered a US energy policy priority, may not happen any time soon. President Obama’s own projection is a one-third reduction in crude oil imports by 2025 (Washington Post, 30 March 2011). However, due to energy savings and increases in domestic production, most in...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
OPEC Rolls Over Output Target Amid Mounting Economic Gloom
...77mn b/d the last 11 months, compared to 8.8mn b/d for the previous 11-month period. OPEC Crude Oil Production May 2011 – May 2012 (MEES Estimates – '000 B/D) 2012 2011 Ma...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
‘Revolutionary’ Economies Face Financing Woes
...2011-12 have come as an additional blow — contractions in many of their key export markets (not to mention source of remittances and tourists), would have been testing even without the Arab Spring’s upheavals. The World Bank, in its latest Global Economic Prospects, predicts that Eg...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Libya Eyes Capacity Surge To Beyond 2Mn B/D
...nths of approval, one source says. Ministry Moves Prior to the outbreak of the revolution in February 2011, Libya had no oil ministry, with Shukri Ghanem, former chairman of state-owned NOC, acting as de facto minister. But Mr Ben Yezza, since his appointment in November, has built a new oi...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Iran Condensate Severely Discounted, Gulf Producers Face Changing Market
...ltiple market impacts, yet the immediate impact on condensate will be a substantial rise in export avails, with supply growing as both trains build to full commercial GTL output. Pearl condensate sales, derived from the Shell gas needed to feed the GTL complex, began in May 2011. Qatar Petroleum’s in...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
BP Sees OPEC Oil Smoothing Market In ‘Year Of Disruptions’
...PPLY DEMAND BP Sees OPEC Oil Smoothing Market In ‘Year Of Disruptions’ BP’s Statistical Review Of World Energy 2012 describes 2011 as “a year of disruptions,” in which political upheaval and natural disasters translated into huge and unpredictable disruptions in the global energy system. Ye...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
OPEC Keeps Steady Hand Despite Worsening Indicators
...rmer some 9.1mn barrels higher than at the same time last year. Demand for OPEC crude is still projected to be around 100,000 b/d down on last year at 29.94mn b/d. OPEC’s Summarized Oil Supply/Demand Balance For 2011 (Mn B/D) 20...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012