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Abu Dhabi’s Oil Field CCS Projects Face More Delays
...servoir’s formation. ADCO – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – has a concession to manage most of Abu Dhabi’s onshore oil fields, which expires in January 2014. Abu Dhabi is asking majors to pitch for concessions without knowing the results of pilot sc...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Korea To Finalize Abu Dhabi Fields Deal, China Eyes Japan’s Concessions
...likely that ADNOC’s onshore oil fields concession will be broken up when it ends in January 2014, because it is too close to the renewal date. The Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – wh...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
ACWA To Develop World’s Biggest IPP For SEC
...ne 2014. The $2.85bn project will see 77% funded via debt, split equally between dollars and riyals, said ACWA. The dollar facilities will include tranches funded or covered by export credit agencies (ECAs) US ExIm, Eulerhermes and Kexim. Participating international banks include HSBC, KfW, St...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Bankers Shrug Off Downturn To Finance Qatar’s $10Bn Barzan Gas/NGL Project
...w pricing Saudi’s Satorp secured last year. Barzan will boost the country’s already climbing NGL output – which will include 500,000 b/d of condensate and 10.7mn tons/year of LPG by the end of 2011. It will start up in 2014 and ramp up to 100,000 b/d of condensate. The $7.2bn debt financing fo...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Gulf Condensate And Naphtha Exports To Increase
...ia-Pacific needs more petrochemical feedstock. Qatar’s marketing will be the largest single factor in medium term condensate sales, when it reaches full production and export capacity by 2014. “Qatar produces less segregated condensate than Saudi Arabia, but has overtaken Russia and Algeria as th...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Cyprus Government Says Drilling In Block 12 Will Proceed Despite Turkish Objections
...tural gas to the island by pipeline sometime in 2014, either from the Israeli Leviathan gas field or any discovery made in Block 12. The two companies have also proposed that a multi-faceted LNG facility be constructed on the island’s southern coast near the main power generation facility at Vasilikos (ME...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
ESAI Charts Return Of Libyan Crude To Market
...13 or early 2014. “There are some fields which have limited or no damage and should be able to return to production relatively quickly,” ESAI said. “There are other fields with substantial damage, and there are still fields and pipelines that need to be cleared of mines.” Noting that the Na...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Marafiq Awards Doosan $80Mn Contract To Build Desalination Plant
...at completion is scheduled for March 2014. In February the Saudi Saline Water Conversion Corporation (SWCC) awarded a $124mn contract to Doosan to co‐build a similar plant in the Yanbu' region (MEES, 14 February)....
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Kuwait Increases LNG Imports And Fuel Oil Exports
...the sales gas pool. Kuwait is turning increasingly to enhanced oil recovery, which is energy intensive. Chevron expects to take its final investment decision in 2014 on going ahead with its high energy use heavy oil steam injection project in the NZ. A green light may trigger more LNG im...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Cyprus Energy Department Urges Gas Search, Turkey Threatens Intervention
...ock 12, with gas being transported to the island by pipeline; transporting gas to Cyprus from Israel’s offshore Leviathan field by pipeline; and transporting gas to the island from both sources (MEES, 22 August, 4 July). “The Americans want to bring us natural gas by 2014 and are asking for co...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Kuwait’s Real GDP Will Grow By 5.6% In 2011-12, Says QNB Capital
...rther non-oil expansion, resulting in 1% GDP growth to $167bn, it added. A new development plan is attempting to push ahead with $110bn of projects until 2014; half of it is intended to be financed by the private sector. The state has pledged to guarantee KD10bn ($36.49bn) of bank loans to pr...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Kuwait Looks To FID On Australia LNG Project By Year-End
...wait Foreign Petroleum Exploration Company (Kufpec) and its partners a step closer to taking the final investment decision (FID) on the 15mn tons/year project. Kufpec (7%) and its partners – operator Chevron (73.6%), Shell (6.4%) and Apache (13%) – aim to start production at a rate of 8.9mn t/y in 2014...
Volume: 54Issue: 36Published at Mon, 05 Sep 2011 -
Region Needs $70Bn Investment Over 10 Years To Avoid Power Crisis
...ar (MEES, 9 August). Abu Dhabi is investing $20bn in four nuclear reactors with a capacity of 1.4gw each to come on line by 2017-20. There is no new planned major source of non-associated gas coming available before 2014, leaving the country’s gas output dependent on crude oil, whose production is cu...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
EU Facilitates Azeri-Turkmen Talks On Kyapaz/Serdar To Boost Nabucco
...mpressed natural gas (CNG) project, which could bring to Baku up to 4-5 bcm/year of gas by 2014-15, would have to be politically acceptable to Moscow before its implementation is seriously considered by Turkmen authorities. It is thought that the cost of shipping CNG between Azerbaijan and Turkmenistan co...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Ukraine Says LNG Project With Kazakhstan Postponed, Outlines Gas Production Plan
...fore 2014-15. On 15 June Ukraine’s Minister of Energy and Fuel Yuriy Boyko told News Azerbaijan that Kiev “is counting on 5 bcm/year of gas in the first stage and another 5 bcm/y in the second, for a total of 10 bcm/y of gas.” He added that building its own LNG facility near Odessa would cost Ukraine $1b...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Multi-Billion Dollar Financing Proposal Boosts Nabucco Project
...bcm/y of Shah Deniz Stage 2 natural gas, which is expected to become available as early as 2014-15. Furthermore, Nabucco intends to transport gas from Iraqi Kurdistan, where Nabucco consortium leader OMV and partner MOL of Hungary hold shares in the Khor Mor and Chemchemal gas fields as partners in...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
KNPC Awards Acid Gas Removal Plant Contract To Tecnimont
...nstruction of an acid gas removal plant to Italy’s Tecnimont on 6 September. The project will be executed on a lump sum turnkey basis for $406mn, KUNA reported. Completion is expected by 2014. The contract foresees the provision of engineering, procurement, construction and commissioning (EPCC) services for ne...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Egypt’s 2010-11 Budget To Pursue Growth Path
...ven the containment of the world financial crisis, his ministry envisages a reduction in the debt/GDP ratio to 55-60% by 2014-15 from 65.8% at end-December 2009 and the fall in the budget deficit/GDP ratio to 3.5% by 2014-15. This would require the adoption of fiscal measures and laws by parliament to br...
Volume: 53Issue: 36Published at Mon, 06 Sep 2010 -
Delek And Avner Oil Look To Cyprus Waters After Tamar Gas Discovery
...2012. But due to its location, in depths of more than 15,000ft in 5,500ft (1,677ms) of water, some observers believe that 2014-15 is the most likely start-up date (MEES, 22 June). Noble said a contract has been awarded to shoot 1,200 square miles of 3D seismic on its acreage in Israel in 2H09, an...
Volume: 52Issue: 39Published at Mon, 28 Sep 2009 -
Banks Upbeat On Project Finance As Mega-Deals Target Year-End Close
...e refinery is state-of the-art and when it comes on line at the end of 2013, or early 2014, it will be the Middle East’s most advanced. While not quite at the level of the Reliance Jamnagar refinery in India, which was commissioned at the end of 2008, Jubail is “top drawer stuff,” commented Pr...
Volume: 52Issue: 38Published at Mon, 21 Sep 2009