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Russia Consolidates Its Position In Iraq Upstream Petroleum
...rward to early 2013, with 60,000 b/d expected by mid year, and 120,000 b/d by the beginning of 2014”.15 As long as the stalemate and differences between the federal government and KRG remain (and the resolutions appears to be remote for the time being), the problem with ExxonMobil is not re...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Libyan Upstream Activity Picks Up
...ould add substantial oil and gas production increments from late 2014 (see Table 1). Eni, through its Mellitah Oil joint venture with Libya’s National Oil Corporation (NOC), plans to move two key projects to construction next year. Both are heavily reliant on existing infrastructure, making ra...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Oil Roils Kurdish Politics
...r late 2013, but realistically this is unlikely to be completed before 2014 (MEES, 28 May). In the meantime, Turkish firms continue to consolidate their position the region. On 6 August Genel Energy announced it was boosting its 23% stake in the OMV-operated Bina Bawi block to 44%, with $240mn ac...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Jordan’s Energy Ministry Shortlists Companies For AOT Project
...mmenting on Jordan’s long term energy strategy, Minister of Energy and Mineral Resources 'Alai al-Batayna said that among the first priorities his country will need to raise its storage capacity for crude oil and petroleum products to 100,000 tons (around 750,000 barrels) by the first half of 2014 and to mo...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Abu Dhabi Moves Ahead With Nuclear Program
...rporation (KEPCO). ENEC’s CEO Muhammad al-Hammadi said: “These contracts will provide ENEC with long term security of supply, high quality fuel and favorable pricing and commercial terms.” Abu Dhabi is struggling to develop its gas reserves and plans to import 1.2bn cfd of LNG by 2014-15 (MEES, 26 Ma...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Petroceltic And Sonatrach Agree To Develop 'Ain Tsila For 2017 Start-Up
...ndensate and LPG production will be around 15,000 b/d each. Development work is expected to commence in 2014 following the completion of front end engineering next year. The Irish independent plans to divest a further tranche of its 56.625% working interest in order to help fund development. So...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Power Failures Hit Kuwait
...neration capacity to 16gw by 2014-15, 17-18gw by 2016 and 27-30gw by 2030. Kuwait’s power demand is growing at approximately 7-10% per year. But Kuwait is short of gas and is importing LNG. It is studying with Japanese conglomerate Toyota Tsusho the construction of a $650mn, 1.25mw integrated solar co...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Algerian Gas Set For Boost From 3.7 BCM/Y Petroceltic Development
...gineering and design (FEED) is slated for 2013 with construction set to begin in 2014. Second Farm-Out Planned Petroceltic plans to sell a further stake in the project in order to fund its share of $1.5bn expected capital expenditure to first gas, a massive amount for a company whose market ca...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
Kuwaiti Tanker Fleet Set For Nine-Vessel Expansion In 2014-15
...WAIT Kuwaiti Tanker Fleet Set For Nine-Vessel Expansion In 2014-15 State-owned Kuwait Oil Tanker Company (KOTC) is expecting the delivery of nine new tankers from South Korean firms by mid-2015 as part of a $1.75bn fleet expansion announced earlier this year, the company’s newly appointed ch...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
BP To Sign Gas Deal With Oman By September
...celerate Phase 2 to produce another 1bn cfd (MEES 16 April). Oman LNG, the country’s primary LNG producer – whose shareholders include Shell and Total – hopes to export more LNG after BP’s project hits full production. Oman LNG will have a clearer idea by 2014 on demand levels and possible ex...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Mubadala Restructures Energy Assets, Develops Thai Oil Field
...11 Mubadala Oil & Gas Buys a 20% stake in block 7, deepwater Tanzania, hoping to find gas. Tanzania is considering an LNG export plant. Mubadala plans to build an LNG import terminal by 2014. January 2012 Mubadala Oil & Ga...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Confusion Spreads Over Abu Dhabi Oil Fields Concession
...shore fields and expires in January 2014. State-owned Abu Dhabi National Oil Company (ADNOC) invited selected firms to apply for prequalification by July 15, but BP has not yet been invited (MEES, 9 July). Nick Wilson writes. ““They did not receive an invitation. They were not on the list,” AD...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
IMF Sees Good Growth Prospects For Libya
...ices are projected to fall from $114.70/B in 2012 to $110/B in 2013 and $102.80/B in 2014. At the same time reconstruction expenditure and the release of pent-up private demand should facilitate an improvement in non-hydrocarbon sectors. But the IMF warns that risks to the outlook include continued po...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
New US Sanctions Hit Iran, Upstream Sector Already Stressed
...e project, tells MEES that when Pakistan invited contractors to bid for EPC work it told them to provide the finance themselves. “There isn’t that kind of money available in Pakistan and sanctions aren’t helping, so it won’t be completed in 2014,” he says. MEES learns that Iranian engineers – kn...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Apache Takes Long Term View On Egypt
...12 and 2013 (from 165,000 boe/d for 2011). Output is slated to rebound strongly in 2014 and 2015 boosted by a hike in Apache’s Western Desert gas output with the start of production from the Hydra field and (in 2014) a major compression project at Apache’s key Qasr field. Delayed permit approvals ha...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
TransGlobe Completes South Alamein Purchase, Looks To Bid Round Awards
...rther “drillable exploration prospects” on the concession, based on 3-D seismic. The block’s exploration phase has entered its final two-year extension and expires in April 2014. The South Alamein and South Mariut purchases, together with TransGlobe’s 50% of the nearby East Ghazalat concession, ha...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Jordan Outlines Guidelines For National Energy Strategy
...e first half of 2014 at the Red Sea port of 'Aqaba and to modernize the oil terminal at the port. Mr Batayna went on to say that with the erratic supply of Egyptian gas to Jordan via the Arab Gas Pipeline, the government has decided to lease a vessel to store LNG for use by power ge...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
BP Not Yet Invited To Bid For Major Fields, Abu Dhabi Eyes Crude Boost
...E BP Not Yet Invited To Bid For Major Fields, Abu Dhabi Eyes Crude Boost BP has not yet been invited to prequalify to bid for Abu Dhabi’s major onshore oil fields that are run under the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession, which expires in January 2014. BP is a cu...
Volume: 55Issue: 28Published at Mon, 09 Jul 2012 -
Kuwait’s Agility Wins $238Mn Gorgon Contract
...rvices for the project’s marine loading facility in Perth. In addition, the company won a two-year extension on an existing deal to provide both transportation and supply base services for the $36.8bn Gorgon project, scheduled for start-up in 2014. The extended term of the contract, according to Agility, wi...
Volume: 55Issue: 28Published at Mon, 09 Jul 2012 -
Iraq Prepares To Launch GTL Project
...int venture between state-owned Qatar Petroleum (51%) and Sasol (49%) – has because of problems with its slurry bed and air separation units produced at a maximum of about 90% of its capacity. Sasol aims to debottleneck the plant to reach design capacity by 2014, and also plans to add further trains, ta...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012