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Jordan To Receive First LNG Cargo On 25 May
...0,000 m³. NEPCO is expected to import additional LNG volumes from alternative sources on the market. Jordan is understood to be looking for extra cargoes this summer, up to 3 between August and September. Beyond that, it is eying a short-term deal of 18 cargoes per year in 2016 and 2017. With si...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Egypt Seeks Funding For Coal Plant, Officially Inaugurates 2GW Of Capacity
...s 38 Suez (2016) 0.65 Oil 23.8 Damietta West* (2017) 0.25 Gas 29...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Companies Scale Back Libya Expectations
...o fields were expected to add 180,000-200,000 b/d by 2017 (MEES, 9 November 2012). ConocoPhillips drilled four appraisal wells in 2015, it said in its 2014 annual report (MEES 6 March). Hess has written off the $260mn cost of two successful deepwater exploration wells on its Area 54 exploration ac...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Chinese State Firm Secures Abu Dhabi Field Contract
...eld, which Adco says will add 20,000 b/d to onshore production capacity. The field, part of the South East cluster of onshore fields, is of strategic importance as Adco prepares to raise output capacity to 1.8mn b/d by 2017 from 1.6mn b/d currently. The Southeast Asset also includes the Asab, Sa...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Orpic Seals $0.9bn Financing For $7bn Projects Program
...pelines and terminal in the first half of 2017. OLC has arranged financing with Ahli Bank and Bahrain’s Ahli United Bank to cover 70% of the MSPP’s development cost. The MSPP project will transport oil products through a 290km pipeline system between the Sohar and Mina al-Fahal refineries and a pr...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Saudi Aramco Oil, Gas Reserves At All-Time High
...ightly behind schedule in mid-2016 rather than in 2015 as announced previously. There was no mention of Khurais, which is being expanded to produce 1.5mn b/d of Arabian Light by 2017 from 1.2mn b/d currently. The latter project appears to have been superseded by a revamp of the Dammam field, one of the ea...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Morocco’s $4.6bn LNG Scheme Continues To Drum Up Interest
...edstock. According to the roadmap, it will take 48 months to build the planned LNG regasification terminal (starting from October 2017), 36 months for the jetty and 36 months for new CCGTs. The roadmap does not say which plants will be included in the 2.7GW target. The ONEE, the national office for el...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Aramco Boosting Refining Capacity, Plans ‘Value-Maximizing’ Integration
...a short period. In 2014 Aramco also started building a 400,000 b/d refinery at Jazan. Commissioning is due to start in 2017, but this may slip if local security worsens. Satorp is “one of the largest, most complex refineries in the world,” capable of fully converting 400,000 b/d of Arabian Heavy cr...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Saudi Power Expansions: Not Only More Capacity, But More Efficient
...,700 b/d of Arabian Light crude oil. The upgrade involves the addition of four HRSGs and one steam turbine and is due for completion in early 2017. Amec Foster Wheeler says the upgrade will add 147MW of capacity “without increasing the fuel consumption.” Amec Foster Wheeler is also supplying six HRSGs fo...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Dark Horse GS Energy Makes It To Adco Finish Line
...w Adco concession in January, and Inpex, leaving 22% still open for foreign participation. The Abu Dhabi National oil Company (Adnoc) retains a 60% controlling stake in the restructured Adco, which manages 15 onshore fields currently producing 1.6mn b/d and due to rise to 1.8mn b/d by 2017. GS En...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Libya Could Run Out Of Cash Sooner Rather Than Later
...sses of $2.4bn a month. If the rate of decline continues, reserves would be exhausted by August 2017. But in the past two years, the depletion in reserves has been accelerating, meaning that Libya could run out of funds by early 2017, according to MEES calculations. The IMF, in its latest regional ec...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Iran Selects 49 Oil, Gas Projects Open For Foreign Investment
...ar in early 2014 to 330 bcm/year by 2017. The list, revealed on the ministry news service by Abdol-Mohammad Delparish, director of consolidated planning at the state-run National Iranian Oil Company (NIOC), comprises a host of projects that are at various stages of exploration and development. 28 of...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Oman Planning for Spot Power
...pire in 2017, with five more finishing by the end of 2020. While some PPAs will continue beyond the introduction of the spot market, the new rules will provide “an alternative way for producers to sell power to OPWP” (MEES, 7 February 2014). NERA has already advised the GCC Interconnection Au...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Qatar Seeks New IOC Partners To Develop Al-Shaheen Oilfield
...om al-Shaheen,” says Jakob Thomas, CEO of Maersk Oil, adding that the company had known that it would be challenged on terms and conditions in connection with the 2017 extension, and had been waiting for more information from QP on how they wished to proceed. That uncertainty was making it difficult fo...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Oman Eyes Liwa Close, Prepares Duqm
...rst phase due to start up in 2017. The purified terephthalic acid (PTA) plant will utilize paraxylene feedstock and will itself provide PTA feed for two linked 250,000 t/y polyethylene terephthalate (PET) plants. Ompet – a joint venture between state firm Oman Oil Company (OOC – 50%), Oman’s Ta...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Egypt: Solar Ambitions Soar, But Like Icarus?
...cently NREA awarded Spain’s Gamesa a €220mn turnkey contract to build a 220MW wind farm at Gulf of El-Zayt on the western Red Sea coast. This too was first proposed in 2010, but is now due to start up in 2017 (MEES, 24 April). EGYPT’S RECENT RENEWABLES DEALS (GW) Co...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iraq, KRG Oil Export Deal Holds Despite Discrepancies
...eld to 2017 or beyond. (MEES, 1 May). ...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iran Readies Upstream Opening In Anticipation Of Nuclear Deal
...to shut-in production. Raising gas production has also been high on the ministry’s to-do list, particularly since the current minister came back into the oil ministry fold. Iran has targeted a doubling of domestic gas output from around 165 bcm/year in early 2014, to 330 bcm/year by 2017 – fu...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Japan’s Inpex Adds Onshore Abu Dhabi Stake To UAE Portfolio
...curing a share in the 40-year license, Inpex joins France’s Total as the second foreign oil company to be awarded a stake in the restructured Adco concession, where output is set to rise to 1.8mn b/d by 2017. It also pipped its South Korean rivals to the post, though both GS Energy and Korea National Oil Co...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Eni Ramps Up Western Desert Output As Cairo Looks To Cut Through Red Tape
...st year, BP agreed to expedite development of WND with first gas by 2017, in return for a further hike in gas price beyond the $4.1/mn BTU that BP and its partner Dea (formerly RWE-Dea) originally secured (MEES, 15 March). The latest deal specifies output starting at 450mn cfd in 2017, rising to 80...
Volume: 58Issue: 18Published at Fri, 01 May 2015