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Egypt Scrambles For Gas Supplies In Run-Up To Presidential Vote
...yptians, but unless they are curbed, the future president will struggle to grow the economy and keep energy supply in line with demand. Any leader that fails to deliver on economic growth and the supply of basic services will struggle to avert the popular discontent that swept Mr Mubarak from power in 2011....
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Saudi King Springs Surprise On Eve Of Obama Visit
...fluence and is able to sway decisions on output ceilings. However, it has acted unilaterally on several occasions to balance markets, in 2011 to make up for the loss of 1.5mn b/d of Libyan crude oil and then again in 2012, to replace the 1mn b/d decline in Iranian export volumes due to sanctions. Sa...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Algeria Returns To Expansionary Budget In 2014
...ALGERIA Algeria Returns To Expansionary Budget In 2014 Algeria has adopted an expansionary budget for 2014 after cutting 2013 budgeted spending. But the projected 2014 spend is still well down on the bumper 2011 spend, when Algiers attempted to stave off calls for po...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 101.28 99.30 99.25 100.68 94.81 97.54 105.73 98...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Libya Taps ‘Emergency’ Power Units
...stalled and commissioned, six weeks after sites were confirmed in December. Two further units are expected to be operational by the end of March. All are dual fuel turbines, able to run on natural gas or diesel. Before Libya’s 2011 overthrow of former dictator Mu’ammar al-Qadhafi, the country had in...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Abu Dhabi Restructures Energy Sector
...erations (ADCO), now administered by ADNOC, following the expiry of the concessions held by foreign partners. His predecessor, Yousuf bin ‘Umair, was chairman and CEO of ADNOC and was known to be close to Shaikh Khalifa. He retired in June 2011 and Mr Suwaidi was appointed Director General and took over Mr ‘Um...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Suez Canal Traffic Data, 2013
...Suez Canal Traffic Data, 2013 2013 Change vs 2012 2012 2011 2010 2009 2008 20...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
GCC Petchems: Innovation Needed
...rth $97.3bn, 2% of the global figure, but GCC producers spent a mere $380mn on R&D, “just 0.8% of global R&D spending,” the GPCA says. However this 2012 spend was 30% up on $266mn for 2011, while global petrochemicals R&D spending increased 10% year on year. GCC petrochemicals firms have st...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
OPEC Annual Data Special
...06 2007 2008 2009 2010 2011 2012 2013 Saudi Arabia 8.49 8.62 9....
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Iran Nuclear Talks Resume In Shadow Of Rising Crude Exports
...d condensate have been on a downward trajectory since early 2012. US sanctions targeting third-party imports of Iranian crude came into effect in late 2011 and EU sanctions from July 2012. For 2013, sales of Iranian crude oil and condensate averaged 1.12mn b/d, down 30% from 1.59mn b/d in 2012; and 56...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
RWE-Dea Sold To Russian Investor Group
...ncessions in Libya, which remain undeveloped (see table). Dea’s regional portfolio would have meshed well with Wintershall’s Libyan assets, which yielded 100,000 b/d before the 2011 civil war plunged the country’s oil sector into disarray. Wintershall, a subsidiary of German chemicals company BASF, is al...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 98.90 99.25 102.77 100.68 94.81 97.54 105.73 98...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Kurdish Oil Output Set To Rise But Exports Elusive
...tended well test in 2011-12, already has production facilities in place. Additional development wells at Sarqala, including the Hasira-1 well currently being tested, are expected to deliver additional volumes through planned expansions to initial production facilities that have a design capacity of up...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Cyprus Looks To Drilling Uptick To Boost LNG Plans
...public of Cyprus since Turkey’s 1974 invasion. Cyprus completed a first licensing round for exploration rights in August 2007 with one block – Block 12, at the far south of Cyprus’ Exclusive Economic Zone (EEZ) – awarded to Texas-based Noble Energy. The first exploratory well was drilled in September 2011...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Yemen: In With The Old, Out With The New
...leged to have been behind several attempts to bribe Yemeni officials to help it secure an extension to its contract on the prolific 35,000-40,000 b/d Block 14 license. Nexen denied the allegations and was ultimately unable to hold on to the block, losing operatorship to state-company PetroMasila in 2011 wh...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Iran, Oman Edge Closer To Gas Supply Deal
...ying: “contrary to other contracts, we have not agreed on a price.” History shows – especially in the case of Oman and Iran – that price can prove the thorniest of issues when negotiating such deals. The two sides came agonizingly close to striking a similar gas export agreement in 2011, only for ta...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Mideast Gas May Move To Europe If Russia Cuts Supply
...ti-government protesters have shut in oil and gas fields, resulting in the loss of Libyan gas flows through the subsea Greenstream pipeline, which have not been up to full volumes since the start of the uprising against Qadhafi in early 2011 (see graph 2). Turkey, particularly the western part of...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Qatar Faces Threat From US Shale – IMF
...ture fields, expected lower hydrocarbon prices, and growing nominal expenditures.” An easing of growth to around 6% for 2012 and 2013 from the stellar 13% increase posted in 2011 is largely the result of the long-standing and self-imposed moratorium on additional hydrocarbon production from the No...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Israel Attacks Gaza
...ccession as unrest spreads across the region in 2011. Parliament says that it will not hold the vote if the government expels Israel’s ambassador. ...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Domestic Upheavals Challenge Oil Industry In Iraq, Libya
...IRAQ/LIBYA Domestic Upheavals Challenge Oil Industry In Iraq, Libya Moves to less centralized structures, both planned and unplanned, in Iraq since the 2003 invasion and in Libya since Qadhafi’s 2011 ouster have left the oil industry in both countries in uncharted te...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014