- Sort by:
- Score
- Published ▼
-
Qatar Launches $1bn LNG Boil-Off Facility
...erations at JBOG date back to October 2014, with jetty boil-off gas recovered from over 500 ships since then. Emissions were not helped by the previously-routine flaring of boil-off gas at Ras Laffan. More common global practice has long been to either use boil-off gas for power generation, or to re-li...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Oman Eyes Liwa Close, Prepares Duqm
...ckages: cracker; polymer units; NGL extraction plant; and 300km NGL pipeline. CB&I is supplying process technology for the 800,000 t/y cracker, the NGL extraction unit and the MTBE unit (MEES, 18 July 2014). It is also among bidders, with consortium partners Saipem of Italy and CTCI of Taiwan, for the cr...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Grace Catalyzes UAE
...ptember 2014). The FCC catalysts plant was originally scheduled for start-up in 2015 (MEES, 24 May 2013). Among delaying factors has been Grace’s major reorganization in 2014 “under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the District of Delaware to resolve thousands of as...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Egypt Adds Power Ship To Short-Term Plan, Lines Up Loans For EEHC
...at declining natural gas production in Egypt has meant that many power plants have suffered fuel shortages since 2013. Cairo is currently planning how to prevent power blackouts during peak summer demand. Generating capacity is 31.45GW, but peak demand reached 28.25GW in summer 2014. Peak demand co...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
OPEC Output At Highest Level Since Late-2012
...nds yet another signal that Riyadh – and by association Opec – is sticking firmly to what many saw as a controversial November 2014 decision not to cut production, even though global oil prices were on a sharp downward trajectory. Just weeks after the decision, Saudi Oil Minister Ali Naimi told ME...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Zanganeh: six months for full Iran return to markets
...vels at the start of 2015, before recovering somewhat in recent weeks. Front month Brent futures were trading at around $66/B, down over 40% on their June 2014 peak of $115/B, as MEES went to press. With Saudi Arabia currently showing little willingness to reduce output, and Iraq forging ahead with it...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iran 1Q15 Oil Shipments Take India Hit
...ld intakes from Iran to approximately 2013 levels, 2014 saw Indian imports increase a massive 45% year-on-year, theoretically making it the biggest ‘violator’ of US sanctions among Iran’s remaining five regular customers: China, India, Japan, South Korea and Turkey. This move saw Indian imports fr...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iraq, KRG Oil Export Deal Holds Despite Discrepancies
...tential earnings from oil exports that generate nearly all of the state’s revenues. The Iraqi oil ministry has admitted to difficulties in paying the companies, which it says were owed $9bn in arrears for 2014. It owes an additional $18bn this year to pay the international oil companies (IOCs), of which it...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
DNO Losses Mount On Scant KRG Revenue; More Firms Look To Quit
...erating loss of $69.2mn and says it has cut its capex budget to $100mn for 2015, roughly a third of 2014’s figure. A third of the budget allocated for this year has been spent but DNO is targeting savings of $20mn by cutting costs starting middle of the year, Mr Mossavar-Rahmani said in presenting pr...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iraq Seeks IMF Help
...rears for 2014, and for 2015 an additional $18bn are needed to pay these IOCs (MEES, 24 April). This is happening at a time when Iraq’s international reserves are being run down as oil revenue falls due to low oil prices and the cost of fighting the Islamic State (IS) insurgency mounts. Iraq has an...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Saudi Oil Leadership Changes Raise More Questions Than Answers
...oducers, he has said. He must, however, be concerned that a further recovery in oil prices, which are still far below the 2014 high of $115/B, will scupper his policy before it has had a chance to succeed. It’s a tricky balancing act for the minister, who has proven himself adept at managing the often st...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Saudi Reserves Down $50Bn Amid Bonus Payouts
...esent low levels in the mid-term. Total Saudi reserves, $732bn at the end of 2014, rose slightly to $734bn a month later before falling to $714bn at end-February and $698bn in March, according to SAMA’s Monthly Statistical Bulletin for March 2015. Reserves peaked in September 2014 at $746bn. Af...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Benchmark Crude Prices ($/B)
... 7-May 27 Apr-1 May 20-24 Apr Apr-15 Mar-15 Q1 2015 Q4 2014 2014 20...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iran Readies Upstream Opening In Anticipation Of Nuclear Deal
...an’s oil ministry is bent on raising crude oil output back to pre-sanctions levels of around 3.7mn b/d from just 2.8mn b/d in 2014, and in turn reclaiming Iran’s spot at Opec’s second largest producer – a title it lost to Iraq in 2012, after sanctions on Iran’s crude exports were implemented, forcing it...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Japan’s Inpex Adds Onshore Abu Dhabi Stake To UAE Portfolio
...hind Saudi Arabia as a supplier to the land of the rising sun. All but 20,000 b/d of this (Dubai crude) comes from Abu Dhabi, with Murban (320,000 b/d) the largest single grade for 2014, though Murban was just edged out by the new DAS blend, formed from the comingling of former Umm Shaif and Lower Za...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Eni Ramps Up Western Desert Output As Cairo Looks To Cut Through Red Tape
...phisticated drilling techniques including hydraulic fracturing (MEES, 30 January). On 9 January, Eni announced it had been awarded the South-West Melehia block in the Western Desert, following the EGPC 2013 bid round (MEES, 3 January 2014). The field borders the firm’s Melehia block to the southwest and US...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Petroceltic Upbeat On Ain Tsila As Sonatrach Calls For Cost Cuts
...rst 12 drilling locations – all in the northern part of the field – already selected and approved. The agreement with Sinopec follows the front-end engineering and design (FEED) award to Chicago Bridge and Iron of the US in September 2014. The next key step in the project’s implementation will be...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Italy Ups Algerian Gas Imports As Lower Oil Prices Feed Through Into Contracts
...ALGERIA Italy Ups Algerian Gas Imports As Lower Oil Prices Feed Through Into Contracts Exports of Algerian gas to Italy averaged 22.6mn m³/day for April (800mn cfd), twice 4Q 2014 levels. Volumes are set to keep increasing this summer, as the impact of lower crude prices gradually fi...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Jihadists Take Iraq’s Baiji Refinery; Shell Delays Majnoon
...ll come much later than expected. IS began an assault on Baiji on 29 April, pounding the refinery with mortars, rockets and rocket-propelled grenades, as it made yet another concerted effort to capture the 360,000 b/d refinery, which has been in the Jihadists’ sights since their June 2014 in...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Iraq’s Battered Refining Sector Gets Rare Boost From Basra Upgrade Award
...ocessing around 400,000 b/d since Islamic State (IS) fighters first seized control of the Baiji refinery in June 2014, and news it has allegedly fallen under the Jihadist group’s control again this week could mean it will be out of action now indefinitely (see page 8). The refinery has been severely da...
Volume: 58Issue: 18Published at Fri, 01 May 2015