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MENA Turns To Solar Power For EOR As Well As National Grids
...the Neutral Zone, whose production is shared 50:50 by Kuwait and Saudi Arabia. Chevron says it could increase production by an additional 500,000 b/d. A final investment decision on the full field steam injection program is scheduled for late 2014, with first injection scheduled for late 2017. So...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Turkey, Azerbaijan Sign Landmark Transit Agreement
...peline, a tariff tender for the transit of the 10 bcm/y of SD2 production that will become available by 2017-18, all welcomed the decision. It is seen as the final step before the full implementation of Europe’s Southern Gas Corridor strategy that aims to limit the EU’s dependence on Russian gas. The pa...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
Greece Links DEPA Sale To ITGI, Nabucco’s Viability Questioned
...lgaria starts up. “TGI is ready to transport gas to Europe and the Balkan States from 2012-13, so it will be ready for transportation of Shah Deniz gas in 2017.” The Greek Minister also underlined that ITGI will not face any problems with its financing, a worry that has been exacerbated due to Gr...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
ADMA-OPCO Awards Nasr Field FEED Contract To Fluor
...bsea pipelines and an export pipeline to Das Island. Last year ADMA-OPCO announced that it planned to spend at least $10bn developing two offshore fields –Umm Lulu and Nasr – to boost the firm’s crude output 60% by 2017. A first phase development would have a 50,000 b/d oil production capacity, wi...
Volume: 54Issue: 43Published at Mon, 24 Oct 2011 -
Risk At Center Of Oil Industry Outlook
...emselves. Some of the equipment is over 50 years old. This should have been the priority, not increasing production capacity.” He said that contracts in place in Iraq were intended to raise total production capacity to 13.2mn b/d by 2017, “but none of the institutions now accept this plan. The Ministry of...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Turkey Allows Russian Gas Import Deal To Expire In Move To Open Up Market
...ojects have submitted bids for Stage 2 gas from the offshore Shah Deniz gas field, due to come on-stream in 2017 (MEES, September 26). Production of Shah Deniz 2 gas is set at 16 bcm/y, of which Turkey has already been allocated 6 bcm/y. Turkey’s Natural Gas Sale And Purchase Agreements Ag...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Nabucco Schedule Slips Again, Kazakhstan Declines Trans-Caspian Offer
...peline would be ready to start shipping Azeri gas from Shah Deniz Phase 2 in 2018 rather than the earlier scheduled start-up of 2017. This means that the construction start-up date for the 31 bcm/y capacity, $14bn project may be pushed back to 2014. Mr Roiss is currently touring Central Asian ca...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
DP World Revenues Cushioned By Emerging Market Operations, Says Moody’s
...grading the rating on the $1.5bn Sukuk issued by DP World Sukuk Ltd, which is due in 2017 (MEES, 18 April). With a healthy cash balance of $4.1bn as of June 2011, relative to moderate debt maturities to 2017, the ratings agency suggests the group is in good health: “DP World remains well positioned de...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Gulf Turns To Unconventional Gas To Ease Shortage
...e Middle East and North Africa have 2,548 trillion cu ft of shale gas and 823 tcf of tight sandstone gas in place. Bahrain will face a peak gas demand deficit by 2015 and an average annual deficit by 2017, according to a presentation by 'Abd al-Abi Mukhtar, Manager of Deep Gas Exploration for st...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Qatar Faces Challenge of Complex, Changing European Gas Market
...lling LNG at prices lower than Qatar’s. A lowering of costs in Asia-Pacific when Australia becomes the world’s leading supplier of LNG may drive Qatar LNG increasingly into the European market. Price is likely to face further competition when Canadian and US Pacific Coast LNG terminals open in 2017...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Dubai Plans Major Solar Power Plant
...bai government has previously said it expects to start its first nuclear power plant in 2017 – with local authorities expressing their hope that nuclear energy would eventually supply up to 25% of the countries demand for power. “The strategy of Dubai has looked at an array of alternatives and we ar...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
MENA Energy Investment: Broken Momentum, Mixed Outlook
...ficially inaugurated in August 2010 (to be only partially operational a year later), Abu Dhabi’s first such plant is not expected before 2017. 5. A Aissaoui, ‘MENA Natural Gas: A Paradox of Scarcity Amidst Plenty’ (MEES, 27 December 2010). 6. $90/B reflects increasing costs of production from en...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Bankers Shrug Off Downturn To Finance Qatar’s $10Bn Barzan Gas/NGL Project
...not covered by OPEC quotas. Qatar Base-Case Condensate Supply Outlook (Mn B/D) Source Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 20...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
NOC Poised To Launch 300,000 B/D Kirkuk Rescue Plan
...ntracts for the expected 110,000 b/d Najma field and the 120,000 b/d Qayara field. These are not scheduled to reach plateau output until 2017. Both projects are progressing slowly, MEES understands. NOC currently flares around 100mn cfd of its 300mn cfd gas production. But this is to be radically re...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Sohar Aluminium To Assist OPWP To Meet Peak Power Demand
...ojected to increase from 1.924gw in 2011 to 3.464gw by 2017, an average growth rate of about 9% per year(MEES, 16 May). Currently, Oman’s net power generation capacity is 3.8gw and is fully contracted to OPWP under long-term power and water purchase agreements....
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Iraqi Hydrocarbon Tensions Ratchet Up
...e summer, while the LNG market is a winter market,” notes the source. But there is no unanimity as far as supply projections are concerned. Former ministry gas expert Asri Mousa at the July London conference gave a 2017 production figure of 7.5bn cfd. And the source estimates by that time there wi...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
BP Eyes Expansion Of 1Bn CFD Oman Gas Project
...ll-head gas, some of which will be used for power generation at the site, over one-two years. It will remain on plateau at 1bn cfd for a minimum of 10 years. The project will probably start with around 40 wells in 2016, increasing to 60 during 2017, and add 20-25 additional wells each year for 10...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
From Glass Box To Smoke-Filled Room: How Rumaila Contract Was Renegotiated
...tural resources. The issue is especially pertinent, as the total Iraqi production according to the contracts awarded in the two auctions of 2009 is projected to be over 12mn b/d by 2017, up from around 2.5mn b/d today. If this were achieved, it would crash the oil price, and Iraqis would get less in...
Volume: 54Issue: 36Published at Mon, 05 Sep 2011 -
Kurdish Upstream Sector Hots Up
...rise to 125,000 b/d by 2017. * KNOC has 15% stake, but operatorship is unknown except for Hawler (Norbest)....
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Gulf LNG Producers Facing Greater Competition From Australia In Asia-Pacific
...troChina) 2012 2016+ Train 2 4.0 2017+ Gorgon Chevron Train 4 5 Chevron 50%, ExxonMobil 25%, Shell 25...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011