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US LNG To Challenge Qatar In Key Asian Markets
...A). This could mean additional competition for sales to Qatar’s key Asian customers Japan, China and India, as well as Europe from 2017, when Freeport hopes to begin exports. Of LNG importers only South Korea and Singapore currently have FTAs with the US. Freeport will be able to export a total of 1....
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Oman Takes Its Place In Gulf Refining Expansion
...gineering and design (FEED) for a $6bn, 230,000 b/d refinery at Duqm. DRPIC has received both technical and commercial bids for the FEED, expected to take 14 months. Delays in awarding the design work are expected to push the refinery’s target start-up date back from 2017 to 2018. Once completed, DRPIC ai...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Hydrocarbons Remain Key To MENA Power Expansion
...nagement contract for PP13 and PP14 to Australia’s WorleyParsons. SEC plans to award engineering, procurement and construction (EPC) contracts for the plants in 2014 with a view to 2017 start-up (MEES, 3 May). In September, Korea’s Hyundai awarded France’s Alstom a €170mn contract for four 720MW steam tu...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Egypt’s Gas Crunch: Is A Quick Fix Possible?
...me online in late 2017 at the earliest following repeated delays. “The new oil minister is trying to stimulate investment and [gas] supply, particularly from the Mediterranean. They have some deepwater and shallow water discoveries, [but] it’s pretty much stranded at the moment because of the gas pr...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
China Consolidates Its Position In The Iraqi Oil Sector
...conclusive. CNPC’s third success is Halfaya, where it is the operator with a 37.5% interest along with Total and Petronas (18.75% each). The field, with proven reserves of 4.94bn barrels, is expected to reach a plateau of 535,000 b/d in 2017 sustainable for 13 years. First phase development to a capacity of 10...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
North African Oil Benefits From New EBRD Focus
...nisia through the takeover of Canada’s Winstar, and net production is a modest 1,660 boe/d. Four of the fields are fully owned by Serinus, one is majority owned by state oil company ETAP. A development program spanning to 2017 is expected to boost output to at least 3,020 boe/d according to the co...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Egypt Plans Nuclear Tender, UAE Progresses First Reactor
...clear plants over 2017-20 is a key component of an “energy portfolio that guarantees security of supply and dependable electricity,” UAE Minister of Energy Suhail al-Mazrouei says. Speaking on 11 November at an Emirates Nuclear Energy Corporation (ENEC) conference, Mr Mazru’i predicted UAE electricity de...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Gulf Producers Face Increased Competition In Asia Condensate Markets
...e gap. East of Suez Segregated Condensate Supply Outlook - Base Case (MN B/D) 2012 2013 2014 2015 2016 2017 2018 20...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Basra In Turmoil As Oil Services Firms Retreat Following Violence
...maila is being developed further by a consortium of BP and Chinese state firm CNPC, and was the first service-contract to be awarded by the Iraqi oil ministry in its first post-war bidding round in 2009. The contract calls for raising production to a plateau of 2.85mn b/d by 2017, but the Rumaila co...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Ups The Ante As Oil Acreage Race Heats Up
...ergy, while maintaining its role as a reliable supplier of hydrocarbons to the world. To that end it is spending $70bn to raise its oil production capacity to 3.5mn b/d by 2017. He did not provide a figure for current capacity, believed to be around 2.8-2.9mn b/d. “International oil and gas co...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Turns To CO2 To Enhance Oil Recovery
...dustry average, and demand for gas in domestic power generation will remain strong in spite of nuclear reactors that come online from 2017. This is in part due to the growth of the industrial sector, as further steel plants and aluminum smelters are either being built or are in the pipeline. These pr...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
ADNOC Creates New Crude Blend To Go On Sale From Next July
...ys. ADMA-OPCO is preparing to award contracts for full field development to produce 65,000 b/d by 2017. Total ADMA-OPCO production is set to rise slightly in 2014 to around 650,000 b/d with the the Nasr and Bunduq fields adding the 50,000 b/d increment over 2013. ADMA-OPCO targets total production of 76...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Bahrain: Question Mark Hangs Over Oil and Gas Projects
...ans amid financing concerns. It appears, however, that Bapco’s scaled-back plans face similar woes. Bapco said previously that it intends to expand the refinery in stages, with the first units coming online in 2017 and the last in 2020. It is now unclear if Bapco will meet this target. The ex...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Further Delay For Emirates LNG Import Plans
...irates LNG’s revised plans will almost certainly push completion back to 2016 or 2017. The UAE currently imports 2bn cfd of gas from Qatar via the Dolphin Energy pipeline (this could increase to up to 3.2bn cfd if Dolphin secures additional resources when it completes installation of additional pi...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
OPEC To Ride Out ‘Shale’ Storm And Reemerge Stronger
...s 2013 annual World Oil Outlook (WOO) released late last week, OPEC says it envisages the call on its crude to steadily decline year-on-year until 2017, at which point demand for its oil will hit 28.8mn b/d, some 1.5mn b/d down on current levels of 30.3mn b/d. This would represent just a 31% share of...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Moves Towards Integration Of State Oil Firms
...actors, which will come online from 2017, and by tapping its sour gas reserves. The Shah gas project – a joint venture between ADNOC and US firm Occidental – will deliver 500mn cfd of usable gas once it comes online in 2014. A stake in a second sour gas project at the Bab oilfield was awarded to Shell ea...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Baghdad Caught in North-South Pincer As Basra Oil Heartland Seeks Autonomy
...x major oil fields in the south, within and around Basra province, that are being developed by foreign oil companies and where the bulk of additional crude oil is expected to be produced as Iraq ramps up to a targeted 9mn b/d of capacity by 2017 from around 3.3mn b/d. Call For Recogniton Ba...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Egypt Touts Block Awards But IOC Debts Mount
...periencing chronic delays. Originally slated for start-up in 2014, the 1bn cfd project will now likely come online in 2017. It is a delay that gas hungry Egypt can ill afford, and the government’s eagerness for future supply provides a powerful rationale for not letting payments to BP slip further....
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Algeria Completes 1.2GW Plant, Building 11.2GW New Capacity
...andards. GE sees Algeria’s peak demand rising by 14% a year, from 12GW now to 20GW by 2017. Mr Yousfi’s sense of urgency in tackling the capacity requirement was reflected by the recent securing of deals for six 1.4GW CCGT plants simultaneously. Further ahead, he has also announced a plan to build a 1GW nu...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
ADIPEC Absentees Raise ADCO Questions
...rait of Hormuz. Regardless of when the concession renewal process is completed, ADCO says it intends to raise production capacity to 1.8mn b/d by 2017. ADCO General Manager ‘Abd al-Mun’im al-Kindi said on 29 October that the plans were on track and part of ADNOC’s overall program to raise total pr...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013