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US Shale A Threat To Mideast Condensate, Despite Oil Price Slide
...pansion of the Panama Canal is finished. While plans call for completion of the expansion next year, Mr Troner says that, more realistically, it will be finished in 2016 or 2017, allowing liquid tankers of up to 160,000 DWT to pass. Qatar’s condensate exports, meanwhile, are set to dwindle the same ye...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Saudi Speciality Petchems Transformation Focuses On Aromatics
...14 Jazan* 830 2017 Produced by catalytic reforming of naphtha Benzene Satorp, Jubail 150 20...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Oman Turns To Wind To Cut Rural Generating Costs
...ights ranging from 120ms to 145ms and capacities of 2.0-3.2MW. The wind farm is expected to be developed by Masdar over 24 months, incorporating turbines from a leading global turbine maker and with local contractors having a “good share” of the project. Mr Magdheri anticipates start-up in early 2017...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Iraq’s New PM Acts To Root Out Corruption
...e third phase of production to take capacity to a plateau of 400,000 b/d by 2017 as per the amended TSC. The work will include a third production unit including four oil/gas separation plants, four storage tanks and water treatment facilities. PetroChina’s partners in the Halfaya development are Pe...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Abu Dhabi Boosts Offshore Output As Umm Lulu Comes Online
...m Lulu, 100,000 b/d is set to come from expansion of ADMA-OPCO’s Lower Zakum field and 170,000 b/d from the SARB and Nasr fields. ADMA-OPCO’s plans are part of ADNOC’s strategy to raise production capacity from around 3mn b/d to 3.5mn b/d, initially expected in 2017. Yet ADNOC’s target pr...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Iran Reveals Impact Of Bushehr Outages, UAE And Jordan Pass Nuclear Milestones
...anian contractors. The UAE’s nuclear program, meanwhile, appears to be on schedule to deliver one 1.4GW plant each year during 2017-20. Emirates Nuclear Energy Corporation (ENEC) says Korean contractor Kepco has poured first concrete for the reactor building of the Barakah-3 plant. Construction is ex...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
MOL Confident Of Future In Kurdistan
...tends to raise production from the block to an expected minimum 50,000 boe/d by 2017-18. Early production from Akri Bijeel began in March this year at a rate of 3,500 boe/d and Mr Dodds says it is expected to ramp up to 10,000 boe/d by the end of the year. The temporary facilities are to test zones wh...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
KUFPEC Plants First Gulf Flag In North American Shale
...rth American upstream chief says. KUFPEC says that the results of wells drilled by Chevron and other firms with acreage in Kaybob are “comparable to the best in the US Eagle Ford shale play.” Chevron and KUFPEC will conduct a full appraisal drilling program between this year and 2017, to be followed by...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
Egypt Enjoys Unexpected Bid Round Success
...nority partner RWE by 2017, and is active drilling in other offshore acreage. In addition to Eni, compatriot Edison also now holds three contiguous East Mediterranean deepwater exploration blocks. The Italian firm signed up for the North Port Fouad block with Irish independent Petroceltic in the la...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Payment Problems, And Solutions
...ll raise production by 160mn cfd and 5,600 b/d of condensate by 2017. Dana plans to drill 37 new wells and do work over at an equivalent number of existing wells. The investment drive will result in 8-9mn barrels of additional condensate, says the firm. Italy’s Edison has come to a similar ag...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Algeria Bid Round Flatters To Deceive
...erator at Timissit with a 30% stake, with Shell holding 19% and Algerian national oil company Sonatrach taking up its mandatory 51% stake. The consortium plans to drill two exploration wells and conduct seismic surveys until 2017. While the block is not thought to contain any shale deposits, it lies cl...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Gulf Refinery Expansions Mean 1mn B/D Products Exports From 2015
...an’s benchmark crude deteriorates (MEES, 6 June). Aramco’s 400,000 b/d Jazan refinery is scheduled for start-up in 2017, having been slowed by consideration of a plan to expand a proposed 2.4GW power plant that will be linked to the refinery. Eventually Aramco returned to the original 2.4GW ca...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Saudi Awards Khurais FEED
...erall oil production capacity from 10mn b/d to 12.5mn b/d currently. Saudi Aramco CEO Khalid al-Falih said last week that a further addition would come from the offshore Shaybah field to production of light crude oil by a further 250,000 b/d by 2016 or 2017. Shaybah can produce 750,000 b/d. No aw...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Oman To Take 40% Stake In Khazzan Tight Gas Deal
...oceedings. It has previously said it harbors hopes of exporting more LNG after the BP project hits full production. Delays in the project’s implementation however mean the company will have to hold back on making plans for this extra gas until 2015 at least; when plans for 2017-onwards production and de...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
QPI To Pull RWE Bid
...%, RWE 20%) deep-water concessions. The project is not scheduled to be online until the end of 2017, following several years of delays. The BP/RWE venture secured a rare pricing scheme from state firm, Egyptian General Petroleum Corporation (EGPC), that will allow for a $4.10/mn BT...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Iraq Concludes Oil Port Expansion, Zooms In On Asian Market
...rkovers have been completed on three wells to handle rising water levels. Production from the 4.1bn barrel field is currently estimated at around 120,000 b/d and is set to rise to 535,000 b/d by 2017. The operator has announced the start of second phase development, with the arrival of four new Chinese dr...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Glimmers Of Hope As Egypt Craves Stability
...lta, a project whose start-up date has been pushed back by three years to 2017. Egypt is also taking first steps towards developing unconventional reserves. US independent Apache is looking to move forward with exploration activity for tight gas in the Western Desert by drilling seven or eight te...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Saudi Arabia Looks To Hold Steady Around 10mn B/D Through Year-End
...aybah and Khurais fields by 2017. At current production, estimated by MEES at 10.11mn b/d in September, Saudi Arabia is left with close to 2.4mn b/d of spare production capacity. For Riyadh to maintain spare capacity at 2.5mn b/d for the medium term (including neutral zone production), would su...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Shuweihat S2 Inaugurated As Abu Dhabi Expects Demand Growth
...neration and is currently building four nuclear plants at Barakah with a combined generating capacity of 5.6GW. They are scheduled to be brought into operation during 2017-20 (MEES, 11 October). The emirate is also looking to build a 100MW waste-to-energy plant for start-up in 2016-17 (MEES, 27 Se...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Iraqi Deputy Prime Minister Warns On KRG Exports
...neration capacity. So far we have signed contracts for 20GW and more are in the pipeline. All these will be gas fired. Although our production of associated gas will increase by 2017-18, we will be needing all our gas for our domestic power plants. Beyond that date, there will be some surplus available fo...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013