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IEA Climate Change Goals Put Spotlight On Mideast Subsidies
...adually reduce fuel subsidies (MEES, 9 January). The UAE is leading regional moves into solar (MEES, 10 April) and is targeting electrical sector efficiency (MEES, 6 February), and this week announced plans for a review of gasoline subsidies. The government raised gasoline prices twice before 2011, bu...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Gas Faces Long-Term Uncertainty On Cheap Coal And Renewables
...pan, the world’s largest LNG importing country, is set to taper off as nuclear plants are expected to come back online after the 2011 Fukushima accident. Meanwhile, EU countries and the US have experienced plummeting renewable energy costs, denting gas demand. The recent collapse in oil and gas pr...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Total Sees Sunshine Amid Gulf Turbulence-Interview With CEO Patrick Pouyanne
...0 B/D) Gas (MN CFD) 2011 2012 2013 2014 2011 2012 2013 20...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Algeria Ploughs On With Failed Policies
...nister, in 2011. But in recent months it has been little mentioned. The goal is “still on the agenda,” said Mr Demmak, although he admitted that “nothing major” has been done so far in terms of infrastructure development. Renewables are “part of the solution” to tackling the issue of providing clean an...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Egypt Doubles Down On Attempts To Reverse Gas Slump
...e BG-operated WDDM project more than accounts for the remainder. Output from the BP/Eni fields is down by a total of 524mn cfd since 2011, with BG output down 440mn cfd over the same period, some 83% of the overall 1.15bn cfd fall in Egypt’s output since 2011. Eni has been keen to talk up its De...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Wintershall Exits Qatar Gas Block
...st. It comes as the German oil and gas company is struggling to maintain its output in Libya, where it produced up to 100,000 b/d of crude oil before the February 2011 revolution. Output has been erratic since and Wintershall has said that it does not see a return to pre-crisis production levels this ye...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Saudi Aramco Oil, Gas Reserves At All-Time High
...DICATED) 2014 vs2013 2005 2006 2007 2008 2009 2010 2011 2012 20...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Iran Selects 49 Oil, Gas Projects Open For Foreign Investment
...id at the Energy Security Summit 2015 in Berlin this week: “Iran cannot have the third or fourth largest oil reserves and export as much as [mid-sized producer] Azerbaijan.” With crude production and export levels at just 75% and 40% of what they were in 2011, before the latest round of US and EU-le...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iran Readies Upstream Opening In Anticipation Of Nuclear Deal
...st 34% of what was envisaged as part of Iran’s fifth development plan (January 2011-March 2015). Already starved of investment from abroad, what little funds NIOC and the ministry does have for investment is being regularly raided by the government in order to pay out monthly cash handouts to the Ir...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Eni Ramps Up Western Desert Output As Cairo Looks To Cut Through Red Tape
...lehia, Ras Qattara, Raml and West Razzak, the Melehia permit, 300km west of Alexandria, accounts for over 75% of total output, some 54,000 b/d. The field’s output has ramped up rapidly since mid-2012 when Eni first tapped the fields deep formations (MEES, 28 May 2012). Back in 2011-12 Agiba produced 40...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Repsol, Gdf Suez, Enel Strike Gas At Sud-Est Illizi Block
...ock on the Libyan side of the border (NC-210) in the Ghadames Basin. They submitted a development plan in 2009 but nothing appears to have happened since, save Australia’s Woodside selling its 45% stake to the Libyan Investment Authority in 2011, with GDF Suez taking over as operator the same year. Ga...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Kuwait Finds New Oil At Home As It Goes Shopping In Tunisia
...ture upstream assets, successful exploration acreage as well as mid- and downstream assets. ENI TUNISIA OUTPUT 2009 2010 2011 2012 2013 20...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Egypt Cancels Summer In Bid To Avoid Power Cuts
...b-15 Jan-15 Dec-14 J-F-15 vsJ-F-14 vs2014 2014 2013 2012 2011 2010 20...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
PDO Accepts Oman Oil Ministry Challenge To Drive Push To 1mn b/d
...ar between 2011 and 2014. Speaking at an industry event late last August, MOG undersecretary Salim al-‘Oufi asked “what would it take” for the company to boost its crude oil production beyond its then 570,000 b/d level to 600,000 b/d. “We need to understand the timeframe [and] cost,” he sa...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Qatari LNG Faces Up To Uncertain Global Climate
...r gas-fired power generation. South Korean demand for LNG rose significantly in 2013 due to the shutdown of several nuclear plants following the nuclear fake certificates scandal. Meanwhile, all of Japan’s nukes have remained out of action since the Fukushima nuclear accident in 2011. China, wh...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
End Of The Road For Cyprus ‘Gas Hub’ Dreams
...und a population high on gas. Aphrodite gas to be precise. A month earlier, on 28 December 2011, US firm Noble Energy had announced that it had struck gas with the first ever well drilled offshore Cyprus, on Block 12. In something of a reversal of the normal procedure, the island’s politicians had al...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Sudan’s Oil Plans Set To Fall Victim To Reality
...st to former civil war foe South Sudan, when it broke away in 2011. On South Sudan’s secession in July 2011, Sudan conceded not only its crown as Africa’s biggest country, but also around three-quarters of its then 470,000 b/d oil production to the south – dealing a huge blow to its heavily oil-de...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Egypt: Apache Oil Output Rises As Gas Shortages Intensify
...TPUT 2009 2010 2011 2012 2013 2014 Gross: Oil (‘000 b/d) 162.0 189.3 217.2 21...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Egypt Lays More Foundations For Gas Output Growth
...rking intensively on the further development of this project,” Mr Ecke says. Mr Ecke has extensive knowledge of Egypt and was Dea Egypt’s general manager between 2009 and 2011, and the firm’s exploration manager between 2001 and 2005. LetterOne (L1), an international investment vehicle headed up by Ru...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
EGYPT KEY TO KUWAIT ENERGY’S FORTUNES
...EGYPT EGYPT KEY TO KUWAIT ENERGY’S FORTUNES Another firm which has seen production increase substantially in Egypt is independent Kuwait Energy Company (KEC), with output from its Egyptian assets more than doubling since 2011 (see graph). The majority of that output comes from the Ea...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015