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Faltering Upstream Progress Undermines Libyan Output Targets
...,000 b/d development plan for some of the oil and gas finds it has made in Area 47 in the Ghadames Basin. Verenex says it could achieve first production by 2011, which makes it potentially one of the fastest field development projects on the table in Libya, and has said that future production sc...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
OPEC Slashes Demand Forecasts
...10 2011 2012 2015 2020 2025 2030 North America 23.7 23.4 23.4 23.5 23.6 23.4 23.1 22.8 Western Europe 14.8 14.6 14.6 14...
Volume: 52Issue: 28Published at Mon, 13 Jul 2009 -
Gulf Power/Water Privatization Continues, As Saudi Arabia Conducts Review
...ditional capacity to begin operating in summer 2011 and become fully operational in the summer of 2012, through two 650mw plants at Barka 2 and Sohar 2. At Al Ghubrah output will be increased under a development that splits the site into East and West locations....
Volume: 52Issue: 28Published at Mon, 13 Jul 2009 -
Verenex Energy’s Row With Libya’s NOC Blows Open
...nse. Nevertheless, Verenex’s Libyan acreage has considerable potential. The proposed development plan that the company submitted to NOC in November last year envisages bringing the discoveries made there on-stream by 2011 at an initial rate of 50,000 b/d of oil and 50mn cfd of gas. Separately, the co...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
KRG Operators Vying For Position After Oil Exports Start-Up
...ll also feed into the pipeline. Meanwhile, Genel is also building a 60,000 b/d refinery at Koya near Taq Taq and Miran. Some 40,000 b/d of processing capacity will be in place by 2011, with the remaining capacity online in 2012, Heritage said. The $510mn refinery is guaranteed a tolling fee of $15...
Volume: 52Issue: 24Published at Mon, 15 Jun 2009 -
Project Finance Deals Push Ahead Despite Reduced Funding
...prove and by 2011 banks’ balance sheets will be much stronger, allowing pricing to fall....
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
South Stream Gas Pipeline Plans Taking Shape, Eni Seeks Counterbalance To Gazprom
..., aren’t yet finished. The project’s pre-feasibility studies are expected in September,” he noted. Gazprom is pushing for the South Stream final investment decisions to be taken by all parties by early 2011, with a view to completing construction by 2015. The Russian firm has repeatedly said th...
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
Saudi Arabia Set For 1.55Mn B/D Capacity Surge
...have come on stream in September 2011, but MEES understands the development timetable has been extended 18 months, putting full Manifa commissioning well into 2013. Manifa output, which was earmarked to feed new high conversion refineries in the Kingdom, was to have offset declines. Saudi Ar...
Volume: 52Issue: 18Published at Mon, 04 May 2009 -
Overseas Operations Push SABIC Into The Red
...clical chemicals a smaller part of its portfolio longer term. SIP will also help on the marketing side when SABIC launches the polycarbonate resin produced by the Kayan venture in 2011. SABIC did buy at the top of the market and things started going south very quickly, but the problems are not sp...
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
Libya’s Gas Export Plans Hampered By Rising Local Demand, Lack Of Discoveries
...ound 70,000 b/d. The field is also producing 3mn cfd of associated gas, which will rise to 16mn cfd when it is fully developed by 2011 (MEES, 17 November 2008). Repsol Upstream’s Regional Executive Director of Europe, Asia and Africa Alvaro Racero told MEES that the produced gas will be burnt at th...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Refining At A Crossroads
...t this year is forecast to fall to around 320,000 b/d, before slipping under 250,000 b/d in 2010, and then climbing back to 250,000 b/d in 2011, suggests Mr Poegl. In the Middle East, gasoline consumption is expected to increase by 422,000 b/d or 2.8% per year from 2008 to 2020. If plans are re...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009 -
Oman Sidesteps Gas Crunch As Liquids Output Rises
...crement when it starts up in 2010. Expected start-up at Qarn Alam, one of the world’s biggest steam injection projects, has slipped into 2011. Around 40,000 b/d of new oil is targeted from the project, but phase one is likely to involve around half this amount, MEES understands. Omani firm Petrogas ha...
Volume: 52Issue: 13Published at Mon, 30 Mar 2009 -
Algeria To Spend $63Bn On Energy Projects Over The Next Five Years
...March at the cost of around $3bn, Dr Khelil said. Eni is developing the block, since acquiring the Canadian operator First Calgary Petroleum in September last year, and said at the time of the acquisition that production was due to begin in 2011. The contract for the Gassi Touil surface in...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
MENA Defense Spending Remained At High Levels In 2007, IISS Report Shows
...arches must be in coordination with the Iraqi government; US forces would withdraw from Iraqi cities and towns to specified bases by 30 June 2009; and that US forces will have to complete their final withdrawal from Iraq by 31 December 2011. Several factors contributed to the improving security co...
Volume: 52Issue: 11Published at Mon, 16 Mar 2009 -
Saudi Aramco Looks To Gulf Offshore For Gas Boost
...celerated”, allowing for some production to come on stream in October 2011, but the majority of the gas capacity is not likely to be on stream before 2012. According to last year’s Annual Review, Saudi Aramco’s total raw gas output will be boosted from 8bn cfd in 2007 to 13bn cfd by end-2011 (MEES, 2 Ju...
Volume: 52Issue: 10Published at Mon, 09 Mar 2009 -
Technip Wins Midor Coking Unit Contract, But Egypt’s New Refinery Plans Stall
...nuary). The new facilities at Musturud, which will produce 2.2mn tons/year of diesel and 700,000 t/y of high octane gasoline, were originally due on-stream in 2011, but this date is now expected to slip. For some years, Egypt has been seeking to exploit its strategic geographical location between Eu...
Volume: 52Issue: 07Published at Mon, 16 Feb 2009 -
Libya’s Exploration Drive Falters
...ogram to Libya’s National Oil Corporation (NOC) in November, which if approved, could bring some of these discoveries on-stream by 2011 at an initial rate of 50,000 b/d of oil and 50mn cfd of gas (MEES, 15 December 2008). But the block, which Verenex acquired in the first EPSA-4 bid round, is in the Gh...
Volume: 52Issue: 06Published at Mon, 09 Feb 2009 -
Delay Pays Dividends For Abu Dhabi’s SAS Development
...fshore Umm al-Lulu field, operated by ADMA-OPCO, or an expansion of around 50,000 b/d at ADCO’s Bab field, where capacity is currently around 320,000 b/d. The ExxonMobil-led project to expand capacity at the offshore Upper Zakum field from 550,000 b/d in 2006 to 750,000 b/d by 2011 has hit hurdles am...
Volume: 52Issue: 05Published at Mon, 02 Feb 2009 -
Saudi Arabia Further Revises Project Schedule
...nifa project has been more substantially delayed, with contractors asked to go away and come back with better offers. A 2011 start-up for this is now out of the question. Similarily Saudi Aramco has held up the award of some of the construction contracts for the 1.5bn cfd Karan offshore gas development in...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009 -
Construction Of Citadel’s Egypt Refinery Delayed By Financial Crisis
...ecifications. Previously, this residue had been sold as heavy fuel oil for use in Egypt’s power stations, but these have been converted to gas. With capacity to produce 2.2mn tons/year of diesel and 700,000 t/y of other products, the refinery was originally expected to start up in 2011 (MEES, 29 October 20...
Volume: 52Issue: 04Published at Mon, 26 Jan 2009