- Sort by:
- Score
- Published ▼
-
KRG Investors Maneuver Ahead Of Hoped-For Oil Breakthrough
...w wells. The UK-based independent aims to drill three appraisal wells and one exploration well through to early 2011. Sources say Korea’s state-owned KNOC has also discovered gas, but testing has not been completed. And UK independent Sterling Energy tested for gas at its first well, but had to stop dr...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
Egyptian Refinery Takes Top Spot In African Project Financing
...lyethylene, methanol and ammonium nitrate projects (MEES, 1 March). The ammonium nitrate project is expected to secure financing this year, with the other two looking to approach lenders in 2011 or 2012. While they will focus on export markets, the sponsor hopes that they will ultimately provide feedstock for fu...
Volume: 53Issue: 33Published at Mon, 16 Aug 2010 -
FDI Flows Can Boost International Economic Recovery, Says UNCTAD
...rld Investment Report 2010. Global FDI inflows declined by 16% in 2008, and fell a further 37% to $1,114bn in 2009, while outflows declined by 43% to $1,101bn. However, the study highlights a promising outlook: flows worldwide are expected to recover slightly in 2010, with a stronger recovery in 2011 an...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Fujairah’s Safe Haven Port Grows As An Energy Hub
...rmuz. The Abu Dhabi Crude Oil Pipeline (ADCOP) will start operating in the first quarter of 2011. By exporting its oil at a point outside the Strait of Hormuz, Abu Dhabi will reduce journey time of getting oil to markets, avoid the heavy insurance shipping premiums for tankers using the strait during ti...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Global LNG Market Shows Unexpected Resilience As Qatar Restarts Plants
...the first quarter of 2011. The shutdowns and idling carriers also stoked concerns that Qatar might be deliberately holding back supply – some traders thought the carriers may be full, as Qatar stored LNG waiting for winter demand in the northern hemisphere to drive up prices. Others thought Doha ma...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Aliyev Outlines Azerbaijan’s Gas And Oil Export Prospects
...2011. Q: One of the most interesting aspects of your strategy is the possibility to export 1-1.5 bcm/y to Syria through a 3 bcm/y Turkish-Syrian gas interconnector, which would be ready by 2011-12. How is this plan developing? A: This is indeed an interesting proposal from the part of the Sy...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
Tighter Sanctions Aimed At Iran’s Energy Sector
...ould add almost 29,000 b/d to gasoline production by 2011. By 2012, it estimates an 80,000 b/d crude distillation capacity boost to the 168,000 b/d Arak refinery, as well as Residue Fluidized Catalytic Converter (RFCC), Continuous Catalytic Reformer (CCR) and hydrotreater capacity additions. And both Ba...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
MEES Agenda: Strong Crude Price Boosts 2010 Budgets, Encourages Higher 2011 Estimates
...Middle East Economic Survey VOL. LIII No 27 5-Jul-2010 Strong Crude Price Boosts 2010 Budgets, Encourages Higher 2011 Estimates With the first half of the year over, most oil producing co...
Volume: 53Issue: 27Published at Mon, 05 Jul 2010 -
BP Aims For First Omani Tight Gas In September
...gas from the tests wells by the first quarter of 2011, ramping it up in phases to full scale production of 1bn cfd by 2013-14. However, BP decided that it was more economic to use an existing, smaller gas processing plant to keep within the $650mn it had budgeted for the appraisal stage of the pr...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
Oxy’s Oman EOR Project Costs Soar To $9Bn
...$9bn from the $2bn it said it would cost when it wrested Block 53 from Shell-led, state-controlled Petroleum Development Oman (PDO), Oman’s biggest producer, in 2005. Oxy’s original plan was to raise oil production to 150,000 b/d in 2011 from the 10,000 b/d the field was producing when the co...
Volume: 53Issue: 26Published at Mon, 28 Jun 2010 -
Domestic Demand Challenge Highlighted By Saudi Aramco Report
...view noted. Saudi Aramco is not pushing ahead with any further capacity rise beyond its current 12mn b/d – total Saudi capacity, including the Neutral Zone is 12.5mn b/d. It is implementing the 900,000 b/d offshore Manifa project, albeit with a radically revised timeline. Originally scheduled for 2011...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
IEA Sounds Alarm Over $557Bn Energy Subsidy Spend
...at lower subsidies would depress local demand growth, which would make more oil available for export, which in turn means more revenues,” Dr Birol said. Phasing out subsidies in 2011-20, as agreed last year by the G20, would cut primary global energy demand by 5.8% by 2020 and shave 6.5mn b/d off 20...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
OPEC Sees Market Riven With Uncertainties, Output Held Steady In May
...water, in the wake of the oil spill at the BP-operated Macondo well. “The announced drilling ban of 27 May 2010 has changed the picture of the forecast, with expectations of stronger effect on 2011 supply than 2010,” the report said. Washington’s regulatory response to the Macondo spill is se...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Middle East Poised For Multi-Billion Barrel Heavy Oil Expansion
...gent basis. And through this mechanism, which we started in 2006, we got an extraordinary budget of $200mn; we were able to add 500mn cfd to the gas availability in Bahrain, which should come on stream in 2011,” he said. But this 500mn cfd will largely be used to offset declines, until the Awali as...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Cash Shortage Delays Iran Gas Pipeline, Pakistan Pursuing LNG Imports
...going ahead with liquefied natural gas (LNG) imports and is in talks with Qatar, which is diverting LNG into the Asia-Pacific market during the global gas glut. However, Pakistan’s first planned LNG terminal, which was due to open in Karachi by the end of 2011, has been delayed by the Supreme Co...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Active MENA Project Finance Sector Grapples With Funding Challenges
...rel Breda, GDF Suez’s Head of Acquisitions, Investments and Financial Advisory, MENA and India. “They do not reflect the cost of funding, but instead the limited number of banks in the market,” he said. While he sees some improvement, he predicts that in 2011 market conditions will be similar. “On th...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
SEC Mulls Issuing International Paper After Sukuk Success
...id. He suggests that the company will issue more Sukuk (all three are of the al-Istithmar type) in the Kingdom if needed, and while he does not expect to tap the market again this year, a 2011 foray is a possibility. Tenors in the Saudi market are not usually long, so it was a challenge to go out to se...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
Independents Growing In Importance For Gulf Oil And Gas Developments
...s long-standing target of 50,000 boed output and proven and probable reserves equivalent to 300mn boe by year end. To achieve this it would have to buy producing assets. At the same time, efforts to be listed in London and Kuwait have been put back to the start of 2011. Some industry analysts doubt th...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
BP Wins ‘Game-Changing’ Terms For Nile Delta Offshore Block
...cilities project, by the year-end and Phase 8, which will involve drilling 10 wells, by the end of 2011. Each phase is expected to cost $1bn. The last two will not increase production, but will maintain the output level. Mr Sufi told MEES that BG will finish two more wells on the El-Manzala and El-Burg co...
Volume: 53Issue: 21Published at Mon, 24 May 2010 -
BP And BG Ready To Declare Commerciality On Critical Omani Gas Projects
...ant. It expects to produce 200mn cfd from its Khazzan and Makarem fields in 2011. BG has a simpler project – handling only one fairly uniform reservoir – although being tight gas means it needs a lot of wells. BG will recover much less gas than BP, which is developing 20-30 tcf of gas in place. BP ex...
Volume: 53Issue: 21Published at Mon, 24 May 2010