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Qatar Forms $1Bn Power Fund, Buys Congo Stake
...oject with a 53.5% stake – Moho North is expected to come online in 2015 and ramp up to 140,000 b/d by 2017. Based on recent production numbers, QPI’s working interest in Total E&P Congo’s production will be about 16,000 b/d of crude and just under 5mn cfd of gas. Total operates 9 licenses in th...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
IEA: US Shale To Sideline OPEC Going Forward
...rgely unchanged from the previous MTOMR, with the 2017 estimate trimmed by just 95,000 b/d on account of marginally lower than expected 2013 demand and slightly weaker expectations of economic growth. Demand growth is projected to average 1.1mn b/d per year over the coming five years for a total in...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
IEA Sees Middle East Refiners Adding 2.5Mn B/D Of Capacity In 2013-18
...ant at Yanbu’, originally slated for 2014 completion, is now “scheduled for 2017-18.” Elsewhere, the region’s largest capacity addition will be in the UAE, where a new 420,000 b/d refinery at Ruwais is due online in 2015. “This high-conversion project,” says the report, “will process heavy re...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Jordan Testing Interest In Waste-To-Energy Projects
...ES, 11 January). Six companies have recently submitted bids to build a 500mw oil shale power plant, with construction to begin in 2014 for start-up by 2017. The Kuwait Fund for Arab Economic Development (KFAED) is providing $150mn funding for a 65mw wind farm in Ma’an governorate (MEES, 10 May), wh...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
QP’s Strategy As US Tilts To LNG Exports
...at the US will be exporting 40mn t/y to 60 mn t/y by around 2020. Qatar also faces challenges from Australia, which is expected to produce 86mn t/y by 2020 – allowing for slippage on the 61.8mn t/y under construction due onstream by 2017. After 2020, up to 80mn t/y of East African LNG could also st...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
...hylene capacity rising by 3.7% a year in the medium term, to 183.4mn tons/year in 2017 from 147.6mn t/y in 2011 (MEES, 2 November 2012). Despite the shifting market economics, Gulf petrochemicals companies are pressing ahead with expansions. Gulf Petrochemicals and Chemicals Association (GPCA) Se...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Oman Reviewing Electricity Policy, Targeting Efficiency
...expected to see tenders for a total 2.0-2.5gw of IPP capacity being launched by next year, with a view to start-up in 2017-18. ...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Turkey Awards $22Bn Contract For Sinop Nuclear Plants
...it due to begin operating in 2010. Rosatom is expected to begin construction work for Akkuyu-1 in mid-2015, while civil works on Sinop-1 are slated to start in 2017 (MEES, 26 April). The Sinop contract was signed in Ankara by Turkish Prime Minister Recep Tayyip Erdogan and his Ja...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Cairo Scrambles To Avert Gas Catastrophe
...veral rounds of shuttle diplomacy to enlist Qatari assistance. Rather than, as has been widely reported, Qatari LNG being imported into Egypt, the latest talks are aimed at getting Doha to cover the term contracts for shut-in ELNG output, MEES understands. In 2017-18, rising output from BG fi...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
SEC Awards PP13/14 Management Contract To WorleyParsons
...cle gas turbine (CCGT) power plants. The plants will each have 1.65gw generating capacity. Engineering, procurement and construction (EPC) contracts for PP13 and PP14 are expected to be tendered in 2014, with a view to start-up in 2017. WorleyParsons said the EPCM scope of work in...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Riyadh Sees Limited Demand Growth For Its Crude
...ich started up last month, is now running around 200,000 b/d, Mr Naimi said. “I think they will reach 500,000 by June or July,” he added. Manifa will reach 900,000 b/d by mid-2014. And by 2017, state-owned Saudi Aramco should add 550,000 b/d at its already producing Khurais and Shaybah fields (MEES, 15...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Turkmenistan Signs 30 BCM/Y Trans-Afghan Deals
...rm gas needs, which would grow from 166.2mn cmd today to 473mn cmd in 2017-18, when TAPI is intended to be commissioned. Indian energy analysts have estimated that the cost of Turkmen gas may be $4-5/mn BTU, which would be less expensive than Gulf LNG imports. A former senior Indian energy ex...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Tunisia: Oil Production Slump Exacerbates Budget Shortfall
...g (for Tunisia) new fields are on the horizon, but none of these appear large enough to compensate for decline. In addition to Zarat, which could produce “tens of thousands of boe/d by 2017-18,” PA Resources has a further significant discovery, Elyssa on the southern limit of the Zarat permit. Fi...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
IMF Joins Chorus Calling Kuwait’s Spending Unsustainable
...WAIT IMF Joins Chorus Calling Kuwait’s Spending Unsustainable The IMF has joined other critics of Kuwaiti government policy in suggesting the country’s spending is unsustainable. In its Article IV consultation it estimates “that government expenditure will exhaust all oil revenues by 2017” and fi...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Baghdad Kicks Off Production Target Talks
...favor of a major plateau reduction. Firstly, it has become increasingly clear that building the contracted 10mn b/d plus of new capacity, and more importantly the associated transportation and water injection infrastructure required by 2017, as stipulated in Iraq’s service contracts, is simply not vi...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Qatar To Invest Heavily In Crude Boost
...oduction sharing agreement (PSA), which expires in 2017. Doha, however, told Maersk to hold back on boosting capacity while it studied the reservoir to understand where it should plateau output to extend the field’s life. The reservoir has suffered from a pressure drop and sea water entering the reservoir, wh...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
IEA Warns Iraq Oil Failure Would Be ‘Very Bad News’ For Markets
...e wider energy industry it is Iraq’s final production level and its timing that is paramount. Iraq’s upstream bidding round contracts stipulate production plateaus that would give the country in excess of 12mn b/d by 2017, or 13mn b/d if the Kurdish region is included. But these targets are in...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Sudan To Hike Heglig Production, South Willing To Return To Talks
...ld a panel of top experts and officials involved in the structuring of Sudan’s mooted five-year political and economic plan to 2017. Following last week’s calls from the international community to put an end to the fighting and return to the negotiating table, South Sudan has made the first mo...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Iraq’s Upstream Oil Contracts, 2011 And Beyond
...atures 143bn barrels of proven oil reserves (plus an estimated 30bn barrels in Iraq’s Kurdistan region), a four-year oil production plan targeting 6.5mn b/d by the end of 2014, and a contracted daily capacity expansion plan of more than 12mn b/d by the year 2017. Figure 1: Geographic Di...
Volume: 54Issue: 22Published at Mon, 30 May 2011 -
Nabucco Announces Further One-Year Delay, Construction Now To Start In 2013
...s expected in the second half of 2011, for at least one year. He said that construction of the pipeline could start in 2013 with the aim of transporting its first gas volumes in 2017. Yet this may not be the last postponement for the project since Mr Mitschek observed that “the ‘open season’ pr...
Volume: 54Issue: 20Published at Mon, 16 May 2011