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Morocco Inaugurates 160MW Solar Plant, Starts On Two More
...rmany’s KfW. The completion of Noor 1 takes Morocco’s installed generating capacity to 7.85GW. Morocco’s solar program is part of a government plan to reduce reliance on fossil fuel imports. However, it is also developing coal-fired plants with 320MW and 1.39GW capacity, due online in 2017 and 2018 (MEES, 16...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
Oilfield Services Firms Face More Cuts: Middle East Activity Remains Resilient
...Houston-based oilfield service giants Schlumberger, Halliburton and Baker Hughes are preparing for a further downturn in 2016, with thousands more redundancies planned although a recovery is slated for 2017. Despite seeing their profits plunge in 2015 on the back of oil prices that hit 11...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016 -
Kuwait Strikes Overly Optimistic Stance On PNZ
...uld be a boon for Kuwait, the Emir’s optimism appears misplaced. Even Chevron, which operates Saudi Arabia’s PNZ interests on behalf of Aramco, doesn’t expect production to resume until 2017 (MEES, 6 November 2015). While Saudi Arabia is prioritizing market share over revenue, it would only profit fr...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016 -
Gulf Keystone Cash Position Slowly Improves on KRG Payments
...April 2016, before its guaranteed and convertible notes mature in April 2017 and October 2017 respectively. Hungary’s MOL has officially confirmed the completion of the relinquishment of the Akri-Bijeel block in which it had an 80% stake, alongside Gulf Keystone’s 20%. MOL confirmed the fi...
Volume: 59Issue: 02Published at Fri, 15 Jan 2016 -
NOCs To Drive Gulf 2016 Output Gains Despite Further Belt Tightening
...l in power plants (MEES, 23 October). The UAE, meanwhile, plans to increase production capacity from current levels of 3.2mn b/d to 3.5mn b/d by 2017. Much of the planned increase is slated to come from offshore fields. The country’s offshore currently produces around 1.25mn b/d of the UAE’s 2....
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Oman To Invest Up To $4bn In E&P Despite Cash Shortage
...tput would come from. Going forward the firm’s key output boost will come from its 40% stake in the BP-operated $16bn, 1bn cfd Khazzan tight gas project which is due to come online in 2017. The UK firm said earlier this year it would boost the number of rigs it has operating at Khazzan from six to 11...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015 -
Oman Starts Qualification For Three New Desalination Plants
...line in 2017-19 and will take Oman’s desalination capacity under development to 970,000 m3/d. OPWP expects Oman’s peak water demand to rise from 934,000 m3/d in 2014 to 1.34mn m3/d in 2020. Oman’s current desalination capacity is 740,000 m3/d. OPWP has awarded Singapore’s Hyflux and local firm Mo...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015 -
BG Deal Brings Cyprus, Israel Gas A Step Closer To Egypt
...rket, rather than re-export as LNG, is concerned). This is especially the case given that, according to any conceivable timeframe, Zohr, slated for fast-track development with first gas in 2017, will come online years before Leviathan or Aphrodite (MEES, 23 October). Eni and Spanish firm Union Fe...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Apache Hits Egypt Output Record Despite Capex Cuts
...s output of 4.2bn cfd (see graph). Apache’s Egyptian gas output peaked at 918mn cfd in Q4 2013. Eni is Egypt’s top net gas producer with 650mn cfd, almost double Apache’s net 365mn cfd, and is set to surge ahead with the planned 2017 start-up of its giant 30 tcf Zohr discovery (MEES, 6 No...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
McDermott Sees Brownfield Shift In Gulf Contract Awards
...llhead jackets. Installation of two jackets in the Bul-Hanine field offshore east of Doha has been scheduled to be completed by December 2016 with the remaining two scheduled for completion in July 2017.” This month Qatari LNG producer RasGas awarded McDermott EPCI work on a flow assurance and looping pr...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
BG’s Egypt Decline Expected To Continue As Shell Takeover Nears
...rst ever cargo to Egypt during Q3. Egypt has now signed up to import a total of 167 cargoes until 2020 by which time it hopes to gain energy independence, following the discovery of the 30 tcf Zohr gas field by Italian firm Eni in August and UK firm BP’s West Nile Delta project coming online in 2017 (ME...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015 -
Total Turns The Screw On Spending In New Strategy For $60/B Oil
...t capex further to $20-21bn, before “returning to a sustainable level of $17-19bn from 2017.” Mr Pouyanné said that “in a commodity business like oil and gas, we have to be excellent at what we control. We cannot control the price of oil and gas, but we can control costs and allocation of ca...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Iran’s New Oil Investment Contract To Get First Unveiling In Tehran
...ominently on the list, many of which will be critical in the country’s plans to boost oil production capacity from around 3.5mn b/d currently, to 5.7mn b/d by 2017-18. Mr Zanganeh said this month that Iran’s production capacity will hit 4.2mn b/d by end-2016. “New contracts with foreign companies will be...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Kuwait Awards First Utility-Scale Solar Plant
...KUWAIT Kuwait Awards First Utility-Scale Solar Plant Kuwait has embarked on its first utility-scale solar power project, which it aims to connect to the grid by December 2017. Kuwait Institute for Scientific Research (KISR) has awarded Spain’s TSK a contract to build the 50MW Al-Sh...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Akri-Bijeel Plans Take A Mauling
...d-2015 and 50,000 b/d by 2017-18. Now it says output will be stuck at little more than 2,000 b/d. Akri-Bijeel’s “economically recoverable reserves” have been slashed to just 4mn barrels, a mere 0.5% of the 800mn barrels oil-in-place estimate contained in Mol’s development plan agreed last August (ME...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
KRG Scrabbles For Cash In Bid To Head Off Investment Hiatus
...neuver is rapidly diminishing. The firm has a $250mn bond due in 2017 and raised a further $40.7mn from a share placing in March this year. The positive side of the ledger is much more flimsy with the firm’s cash reserves halving from $127mn to $64mn over the three months to end-June. First half lo...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
Shell’s Cost Cutting Hits UAE Gas, Iraqi Oil
...vestment decision (FID) for the Bab sour gas project in Abu Dhabi until 2017 while stepping down from the competition for a slice of the UAE’s onshore oil concession, as part of a plan to cut costs and prioritize only the most affordable upstream projects. The moves confirm the ongoing trend of project ca...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Shell And BP Step Back From ADCO
...velopment of Adco’s cluster of 15 principal oil fields, which are expected to produce 1.8mn b/d by 2017. Earlier reports had suggested that Shell and BP were trying to negotiate better terms with Adnoc, but Mr Dudley’s remarks suggest that the state-owned UAE oil company was not in the mood to ba...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Sadara To Supply Juffali Plant With MDI
...ongside the Sadara petrochemicals complex. Juffali plans to start up a new plant in PlasChem in the first half of 2017. Sadara says the new Juffali facility will consist of several manufacturing plants producing specialty chemicals for use within the kingdom. Some units will be fed directly by Sadara, ot...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Companies Scale Back Libya Expectations
...o fields were expected to add 180,000-200,000 b/d by 2017 (MEES, 9 November 2012). ConocoPhillips drilled four appraisal wells in 2015, it said in its 2014 annual report (MEES 6 March). Hess has written off the $260mn cost of two successful deepwater exploration wells on its Area 54 exploration ac...
Volume: 58Issue: 21Published at Fri, 22 May 2015