- Sort by:
- Score
- Published ▼
-
EU To Discuss Turkish Position On Cyprus Offshore At December Summit
...ly aircraft carrier to the east Mediterranean in November. Turkey’s Stalled EU Membership Turkey is an applicant for EU membership but has made little progress since accession talks opened in October 2005. In its Key Findings Of The 2011 Progress Report On Turkey, released on 12 October, the Eu...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
Satorp Paves Way For Saudi Project Sukuk Issuers With $1Bn Offering
...09. There were expectations that 2011 would be even better, but unless there is a sudden change and a flurry of paper comes to market in the remaining few months, this year is going to see a marked fall from 2010. Last year the issuance of notes and sukuk was up on 2009’s levels to about $32-34bn (ME...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Risk At Center Of Oil Industry Outlook
...veloping countries in the other. It’s a very mixed picture.” He said the OPEC Secretariat had received plans for around 120 development projects from members that could be started in 2011-15: “But there is lots of uncertainty. The most important point is that our countries have the reserves. And if th...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Turkey Allows Russian Gas Import Deal To Expire In Move To Open Up Market
....0 2008 37,793.0 36,024.00 443.0 2009 33,619.0 32,135.00 721.0 2010 32,466.0 31,462.00 660.0 2011* 25,045.0 24,583.00 475.0 * As of August 2011. Source: Botas. Tu...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Gulf Turns To Unconventional Gas To Ease Shortage
...formation Administration (EIA) did not include the Middle East in its 2011 global shale gas survey, stating that the region has plenty of gas. Conference speakers, however, said that unconventional gas is needed and could be produced at costs significantly lower than importing LNG. One estimate is that th...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Storm Clouds Gather Over Iraqi Oil Development
...erated electricity generation according to institute figures has actually decreased – an average of 4.7gw in June 2011 compared to 4.88gw in August 2009. This is systematic failure rather than that of any one individual and it is the system that needs reforming, argued 'Adnan al-Janabi, head of the pa...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Egypt’s Bid Round Surprises Industry
...nister. “ʹAbd Allah Ghurab is only a caretaker minister,” a government official tells MEES. The closing date for the round is 30 January 2012. The blocks were originally part of a 20-block bidding round scheduled for January 2011, which was cancelled due to the uprising. Most of the blocks have al...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
BP Reveals Fourth Pipeline Option For Shah Deniz 2 Gas
...offering a 55% stake to an international investor, will be completed within October 2011. In related news, Socar President Rovnag Abdullayev once again pressed Ankara to conclude their bilateral gas transit talks, saying that he hoped for the “successful completion of negotiations with Turkey, wh...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Iranian Crude Production Faces Continual Decline
...oduced a small amount of gas, temporarily, in an attempt to show that the sanctions have no effect, but the gas was not brought onshore, MEES understands. The official start-up date is early 2011, but later in 2011 is more probable, according to FACTS Global Energy. To Inject Or Not To Inject Ma...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
OPEC Keeps Steady Hand On Tiller Amid Uncertain Times
...cession. “The global system is under a big strain,” argues the delegate. “I think some people didn’t learn the lessons of 2008,” he adds. It is noteworthy that OPEC’s global economic growth forecasts at 3.9% for 2010 and 3.6% for 2011 are more conservative than the IMF, which is predicting growth of 4....
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Shell Commissions $18-19Bn Pearl GTL Plant In Qatar
...ofitable. Shell is commissioning the world’s largest gas-to-liquids (GTL) plant in Qatar, which will produce 140,000 b/d of GTL products and 120,000 b/d of natural gas liquids (NGLs) when it ramps up to full output in 2012. Shell expects to see gas and NGLs in its Pearl plant in early 2011 and to ship it...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Producing Countries Deliberate Higher Crude Prices For 2010 Budgets
.../B from this year’s $41/B, and is forecasting that Urals crude, its export grade, will reach $59/B in 2011 and $60/B in 2012. Nigeria has adopted $50/B, up from $45/B this year, and Finance Minister Mansur Muhtar has said he sees scope to hike this further if energy prices continue to remain hi...
Volume: 52Issue: 42Published at Mon, 19 Oct 2009 -
Ras Tanura Petrochemical Complex Expected To Cost $23-26Bn
...e London meeting the partners continued to thrash out all details of the agreements necessary to push ahead. However, with a project of this size, the lead times are long and the sponsors (advised by Royal Bank of Scotland and Riyad Bank) are not expected to seek financing until 2011. Before Ra...
Volume: 52Issue: 41Published at Mon, 12 Oct 2009 -
Pressure Mounting On Iran’s Energy Sector, Despite Closer Ties With China
...nsultant Mehdi Varzi. “Iran has had to go further and further east. So Chinese companies have come in, Russian companies have said they’re going to commit themselves. But the whole process is very belated… The Iran LNG project is supposed to come on-stream in 2011. I would say that it can only come on-st...
Volume: 52Issue: 40Published at Mon, 05 Oct 2009 -
Global LNG Glut Hides Mid-Term Supply Crunch As Producers Shun New Projects
...ch unfavorable market conditions. Simon Martelli reports from the 13th International Gas Summit in Paris. There are numerous LNG plants due to start up between now and 2011, in Qatar, Yemen, Algeria and elsewhere, with an aggregate capacity of more than 95mn tons/year. Some 50% of this will co...
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Kuwait Oil Sector Leadership Changes Aimed At Achieving Greater Upstream Efficiency
...oduction target of 50,000 b/d by 2011, 250,000 b/d by 2015 and 700,000-900,000 b/d by 2020. Discussions on the details of the project are continuing, with the hope that a final agreement can be reached by July 2008, KOC’s director of northern oilfield operations Khalid al-Sumaiti told a conference in th...
Volume: 50Issue: 44Published at Mon, 29 Oct 2007 -
Egypt Refinery At The Center Of Citadel Capital’s Energy Expansion
...d the two recently financed petrochemical ventures (MEES, 24 September). Held by Citadel, its co-investors and government-owned oil producer, the Egyptian General Petroleum Corporation (EGPC) through newly created Egyptian Refining Company (ERC), the refinery will start up in 2011 producing 2....
Volume: 50Issue: 44Published at Mon, 29 Oct 2007 -
Rising EPC Costs Heighten Gas Supply Concerns
...cause of the contracting situation,” the chairman of Qatargas Faisal al-Suwaidi told MEES on the sidelines of the Paris conference. “We’re studying the reserves. But the result of that will not come before 2010 or 2011. What I mean by thinking twice relates to the high prices in the contractors ma...
Volume: 50Issue: 43Published at Mon, 22 Oct 2007 -
North Africa Targets 1.3Mn B/D New Refining Capacity By 2012 Despite Cost Threats
...mpletion in 2011. Separately, a $1.5bn contract for the construction of a fluid catalytic cracking unit (FCC) and 100,000 b/d fuel oil processor at 'Ain al-Sukhna in the Gulf of Suez is due to be awarded next month. Libyan Refinery Plans Languish Two decades of economic sanctions took their toll on...
Volume: 50Issue: 40Published at Mon, 01 Oct 2007 -
Yemen Expedites Exploration Activity As Decline In Oil Production Continues
...d plans to drill 20-40 wells annually. During 2005 Nexen plans to invest $70mn to drill at least 20 wells and test deeper horizons where there has been recent success. It has the right to produce oil in Masila until 2011 and to negotiate a five-year extension. Nexen also has a controlling (87.5%) st...
Volume: 48Issue: 41Published at Mon, 10 Oct 2005