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GTL Costs Under The Microscope As Qatar Inaugurates $18.5Bn Pearl Plant
...id in its June financial report that Oryx will debottleneck to boost capacity 10% by 2014. The increase is a scale-down from previous plans to add a further three trains, taking total capacity to 100,000 b/d. ‘Huge Capex Costs’ Furthermore, MEES learns that the costs for building such a plant ha...
Volume: 54Issue: 48Published at Mon, 28 Nov 2011 -
Gulf Sukuk Issuers Brave Volatile Markets
...ll be much better, he warned. With the amount of debt maturing in the Gulf set to spike in 2012-14, Gulf bond issuers are facing rising refinancing risks, cautioned Standard & Poor’s Rating Services (MEES, 21 November). Bonds and sukuk worth $25bn will mature in 2012, rising to $35bn in 2014, ac...
Volume: 54Issue: 48Published at Mon, 28 Nov 2011 -
LNG Producers Face Market Challenges, Qatar Mulls Russian Partnership
...til the North Field study is completed in 2014. Data from the RasGas-managed Barzan project’s production wells will help finalize QP’s study into the North Field reservoir’s structure and depletion rate. RasGas manages the 1.4bn cfd sales gas Barzan development within the North Field for the do...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
OPEC Highlights Economic Uncertainty
...ilization rates and likely lead to a period of depressed margins and relatively poor economics for the refining sector,” the WOO predicts. OPEC’s World Oil Outlook In Figures (Mn B/D) 2010 2011 2012 2013 2014 2015 2020 20...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011 -
MENA Turns To Solar Power For EOR As Well As National Grids
...the Neutral Zone, whose production is shared 50:50 by Kuwait and Saudi Arabia. Chevron says it could increase production by an additional 500,000 b/d. A final investment decision on the full field steam injection program is scheduled for late 2014, with first injection scheduled for late 2017. So...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Turkmenistan Tilts Towards West, Considers Rapprochement With Azerbaijan
...PC and Turkmengaz, once the 1,000km, 30 bcm/year capacity East-West pipeline is com-pleted in 2014. On top of that, the former head of Turkmengaz noted, “as early as 2011, Turkmenistan needs a market for gas produced by the Malaysian Petronas company on an offshore block at a rate of 5 bcm/y.” Me...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
Iran Wants To Renegotiate Offshore Gas Treaty With Qatar
...ing back the gas that has migrated.” Qatar has a moratorium on further new development projects before 2014, when it will complete its study into the field’s depletion. But QP engineers complain that to calculate the rate they need meaningful figures from Iran about its extraction plans, but ar...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
North Africa’s Investment Star Wanes
...heduled to come on stream in the second quarter of 2014 at a targetted capital investment of $920mn. Total is struggling to keep costs to below $1bn, MEES understands. Low gas prices have pushed Algeria into stopping spot gas sales (MEES, 11 October). A number of foreign operators had output slashed ea...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Abu Dhabi Plans Artificial Islands To Boost Oil Output By 470,000 B/D
...kum expires in 2026, and ZADCO’s operating concession for offshore fields Umm al-Dalkh and Satah expires in 2018. While ExxonMobil is happy with its ZADCO partners, it is not however content with its position in ADNOC’s onshore oil company ADCO, whose agreement expires in 2014. ExxonMobil has a 9....
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
OPEC Sees Future Riven With Uncertainty Despite Tentative Economic Recovery
...dium term demand projections from last year’s WOO, but higher projections for non-OPEC supply means the call on OPEC crude remains constrained until 2014, the report highlights. The WOO’s reference case now predicts demand growth of 1mn b/d this year, more than double that expected in last ye...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Egypt Poised To Hit GDP Growth Target, But Long Term Challenges Linger
...onomy,” he said, noting expectations of improved capital inflows from Europe and the US in 2011, once the liquidity issue is resolved. Furthermore, the Ministry of Finance plans to reduce the overall fiscal deficit to 7.7% in 2010-11, gradually cutting it to 3.5% of GDP by 2014-15. This is optimistic, gi...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Sanctions Slow Iran’s Condensate Export Growth
...scounted price to Iran.” Iran Base-Case Condensate Supply Outlook (‘000 B/D) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Current Pr...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Looming Gas Glut And Upstream Constraints Hamper North African Export Plans
...a conference in Cagliari last week that the project was now expected to start up in 2014, with delays caused by the authorization process taking longer than planned. When the intergovernmental agreement between the two countries was signed two years ago, the project’s envisaged start up date was Ma...
Volume: 52Issue: 48Published at Mon, 30 Nov 2009 -
Regional Implications For BG’s Renegotiated Gas Price In Oman
...an.” By 2014 steam for the operation will be supplied by a cogeneration unit and like Qarn Alam, the Amal project aims to minimize the natural gas burned to create steam by capturing the waste heat from the power plant turbines. The peak production from the two fields is expected to be three times th...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
North Africa Embraces Renewable Energy
...geria has abundant gas reserves. But domestic consumption is expected to double over the next 10 years, from around 27 bcm/year now, with a significant proportion of this extra demand coming from new power plants, while exports are due to rise by nearly 40% by 2014 (MEES, 19 October, 8 June). Co...
Volume: 52Issue: 46Published at Mon, 16 Nov 2009 -
Tunisia Touts Export Potential, As Gas Projects Unfold
...15% on 2007, and compared with annual production of around 3 bcm. Furthermore, as ETAP’s Mr Becheikh himself said, Tunisia aims to cover 60% of its energy consumption with natural gas by 2014, compared with 40% in 2007 and just 5% in 1980. But exploration activity has produced good results si...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
Tough Investment Climate Darkens North African Upstream Prospects
...pected on-stream in 2014, will feed into the planned pipeline connecting all the tight gas fields in the remote southwest to Algeria’s main gas hub at Hassi R’Mel. Another important gas development that has suffered unforeseen delays is the installation of a low-pressure compression project at the Ti...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Sonatrach’s Refining Plans Show Signs Of Progress, Even As Timing Slips
...ded that he expected the EPC tender to be held in July or August of next year. Official reports published in July quoted the minister saying he expected the Tiaret refinery to be commissioned in 2014, representing a year’s slippage. One Step Forward, One Step Sideways There are signs of pr...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Libya’s Oil Development Plans Gather Pace, IOCs Outline EOR Projects
...ha Sirte 350,000 600,000 2014 Verenex* Area 47 Ghadames n/a 50,000 2011 To...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Turkey Seeks To Attract Private Investors To Southeastern Anatolia
...be completed in 2014. A hydroelectric generation facility at the dam will have a 1,200mw capacity that will produce 3.8mn khw annually. The dam will create a lake that will hold 11bn cu ms of water. However, there is strong opposition from European NGOs that are pressing the EU to hold back fi...
Volume: 50Issue: 47Published at Mon, 19 Nov 2007