- Sort by:
- Score
- Published ▼
-
Kurdish Oil Output Edges Up But Cash Still Tight
....04mn, which would keep the company afloat but leaves it exposed should holders of $250mn in notes refuse to agree to a proposed change to the terms of the 13% bonds maturing in 2017. DEBTS STILL HIGH The company asked holders of the notes last week to agree to changes to the Trust Deed because it...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
His Mission Accomplished, Qatar’s Attiyah Bows Out
...e PSA with Maersk is set to expire in 2017. US firm Occidental Petroleum, has stabilized production at the 100,000 b/d Idd al-Shargi offshore field through extensive horizontal drilling and waterflooding. It is now waiting for the green light from QP to proceed with fifth phase development af...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Egypt Announces $43bn Powergen Plans As Part Of Epic Development Program
...D) offshore project. This will involve the development of 5 tcf of gas and 55mn barrels of condensate in the North Alexandria and West Mediterranean blocks. BP says production from WND is due to begin in 2017, with gas output expected to reach 1.2bn cfd, and with all produced gas being fed into Eg...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Bahrain’s 1.5GW Plans
...BAHRAIN Bahrain plans to add 1.5GW of generating capacity by end- 2017 in a second phase expansion of the Al Dur power and desalination plant on Bahrain’s east coast. Minister of Energy ‘Abd al-Husain Ali Mirza says that with demand growing by 5-6%/year more electricity generating ca...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Algeria, Poland To Share Shale Tips As Protests Continue
...rder (MEES, 13 March). The first exploration phase expected to last up to 2017, including the drilling of two wells and seismic acquisition. The UK’s BP, for its part, is currently conducting a desktop study in London. The lingering environmental protests are increasingly seen as a risk by foreign co...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Saudi Refinery Output Tops 2mn B/D For Eighth Straight Month
...ll take total Saudi refining capacity to 2.91mn b/d, after which the next major increment will be a 400,000 b/d Aramco-owned refinery at Jazan which is due for completion in 2017 and is expected to be fully online in 2018. FUEL OIL DEMAND AT HIGHEST EVER FOR JANUARY (‘000 B/D) PRODUCTS EX...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Iran Beats The Odds With 20% Gas Output Hike
...veloping Iran’s gas sector, and almost doubling the country’s output from around 165 bcm/year twelve months ago to 330 bcm/y by 2017. The plan, unveiled last year, has earmarked $21bn for new gas processing capacity, $34bn for upgrading domestic pipeline infrastructure, $3.5bn to extend the di...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
KRG Keeps The Faith With Baghdad But Cash Still Short
...a $250mn bond issue due to mature in 2017 to agree to certain amendments to the notes, as it anticipates a fall in the Book Equity Ratio as a result of the planned impairment charge for Akri Bijeel, which it no longer considers a core asset. The UK-listed company remains in negotiation with a number of...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
GE Hints At $2bn-Plus Egypt Megadeal
...geria deals as some of its largest ever contracts. The equipment supply part of the agreement covered six new combined cycle gas turbine plants, a new open cycle plant and two mobile power capacity projects, which will reach full capacity in 2017. Meanwhile, Sonelgaz (51%) and GE (49%) are bu...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Turkey: CCGT Boost Takes Capacity Above 68GW
...a 22.25GW capacity program being built or planned in Turkey. By 2017 Turkish capacity is expected to reach 72.29GW, through the completion of a further 4.13GW of gas-fired, hydropower, renewables and coal-fired plants. Beyond that, the Ministry of Energy is pushing a major nuclear development pr...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Qatar-Japan Consortium Targets Turkey Coal-Fired Power
...I is already building a 510MW coal-fired plant at Soma in western Turkey, which is scheduled to start up in 2017 (MEES, 21 March 2014). Turkey currently has 12.5GW of coal-fired capacity out of a total 67.6GW. Besides the Soma and Afsin-Elbistan projects, the Turkish government has also signed a pr...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Algeria Confronts Libya Spillover Threat
...ned Sonatrach taking up its mandatory 51% stake. The partners will assess the prospectivity of the block, with the first exploration phase expected to last up to 2017, including the drilling of two wells and seismic acquisition. The award also marked the return of Anglo-Dutch Shell into Algeria’s up...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
BP Stakes Out Key Role In Egypt’s Gas Renaissance – If The Price Is Right
...fore the end of April,” the statement said. WND FIELDS BP has aimed to save time and money at WND by taking advantage of Egypt’s existing infrastructure. It says that 2017 start-up will be possible by developing the Taurus and Libra fields subsea and tying them in offshore to the existing BG-op...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
OPEC Faces $750bn Losses From Market Share Strategy
...stained Price Defense Strategy Market Share Strategy 2015 2016 2017 2018 2019 2020 20...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
A Tale Of Two Libyas As Jihadists Step Up Oil Field Attacks
...ntract on the project. The two fields were expected to add 180,000-200,000 b/d by 2017 (MEES, 9 November 2012). According to ConocoPhillips, its 2015 drilling program in Libya “remains uncertain as a result of the ongoing civil unrest.” The company completed four appraisal wells in 2014, it says, bu...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oxy Angling For Adco Stake In Gulf Divestment U-Turn
...mediately, increasing to 180,000 b/d from 2017, when the 1.8mn b/d target is attained. All the legacy partners lost bookable reserves and production of roughly 150,000 b/d, which has been reflected in their 2014 results. Adnoc sweetened the terms on offer for the new concession, raising the per barrel pa...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oman May Cut Oil Investment If Oil Prices Remain Subdued
...owing domestic demand, until the planned 2017 start-up of the BP-operated 1bn cfd Khazzan tight gas project in Block 61. Both of these targets require a heavy reliance on key producer Petroleum Development Oman (PDO: Oman 60%, Shell 34%, Total 4%, Partex 2%), which delivered close to 70% of the su...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oman’s OPWP Seeks Salalah IWP Advisor, Progressing Other Projects
...ant at Sohar, which both lie on the northern Gulf of Oman coast. Earlier OPWP signed a build-own-operate agreement with a consortium led by Singapore’s Hyflux for a 200,000 cmd IWP to be built at Qurayyat, east of Muscat on the Gulf of Oman coast. Commercial operation is scheduled to begin by May 2017...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Jazan IGCC Comes Into Focus As Saudis Streamline Their Power Options
...exibility. Saudi Aramco has confirmed that the capacity of the integrated gasification combined cycle (IGCC) power plant being built at Jazan will be 4GW, with start-up in 2017-18. The plant is a key part, along with a 400,000 b/d capacity refinery, of a $20bn government program to develop one of the ki...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Saudi Arabia Takes Lesson From History
...ojects in its business plans to 2017, below current price levels for Brent crude, though above US marker WTI, which has recently traded at a discount of up to $10/B to Brent. ...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015