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Egypt Scrambles For Gas Supplies In Run-Up To Presidential Vote
...yptians, but unless they are curbed, the future president will struggle to grow the economy and keep energy supply in line with demand. Any leader that fails to deliver on economic growth and the supply of basic services will struggle to avert the popular discontent that swept Mr Mubarak from power in 2011....
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Abu Dhabi Restructures Energy Sector
...erations (ADCO), now administered by ADNOC, following the expiry of the concessions held by foreign partners. His predecessor, Yousuf bin ‘Umair, was chairman and CEO of ADNOC and was known to be close to Shaikh Khalifa. He retired in June 2011 and Mr Suwaidi was appointed Director General and took over Mr ‘Um...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Kurdish Oil Output Set To Rise But Exports Elusive
...tended well test in 2011-12, already has production facilities in place. Additional development wells at Sarqala, including the Hasira-1 well currently being tested, are expected to deliver additional volumes through planned expansions to initial production facilities that have a design capacity of up...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Cyprus Looks To Drilling Uptick To Boost LNG Plans
...public of Cyprus since Turkey’s 1974 invasion. Cyprus completed a first licensing round for exploration rights in August 2007 with one block – Block 12, at the far south of Cyprus’ Exclusive Economic Zone (EEZ) – awarded to Texas-based Noble Energy. The first exploratory well was drilled in September 2011...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Yemen: In With The Old, Out With The New
...leged to have been behind several attempts to bribe Yemeni officials to help it secure an extension to its contract on the prolific 35,000-40,000 b/d Block 14 license. Nexen denied the allegations and was ultimately unable to hold on to the block, losing operatorship to state-company PetroMasila in 2011 wh...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Oman Targeting Steady Crude Output Through 2018
...around 23,000 b/d, up from 18,700 b/d in 2011. Petrogas operates the Rima cluster of fields in the sultanate’s east, at which it has boosted output from 2,200 b/d in 2006 to 14,300 b/d in 2012. Output at Rima has since dropped to 11,000 b/d since as a result of “natural decline.” Medco’s co...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Iran Plays Hardball On Turkey Gas Price
...rkey has since early 2012 been pushing for a revision in the price it pays for gas imports from Iran, going so far as to open an arbitration case against the Islamic Republic earlier this month. As well as the price issue, Ankara is citing unreliable gas supplies during winter 2011-12, and more re...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Iraq Set To Launch Gas Bidding As Eni Slams Terms
...siriya integrated project (see above). Indeed, none of the big oil majors which snapped up the oil TSCs in 2009 and 2010 showed much appetite to bid aggressively for the 12 gas blocks offered in 2011, of which three lie in the Anbar area that is now the scene of a showdown between the Iraqi army and al...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Jordan Takes Plunge With Israel Gas Deal
...umped dramatically after 2011 and the loss of substantial volumes of Iraqi crude oil that was supplied at preferential prices by the ousted regime of Saddam Husain. Even the 10,000 b/d that Iraq shipped to Jordan by tanker trucks has dried up since November because of the ongoing fighting in Anbar pr...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Egypt Boosts Gas Offering As Receivables Fall
...yrouz 5 Offshore N Sinai 2,280 9 1618 Y 2011 (N El Fayrouz) Tharwa N Port Fuad 7 Offshore Me...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Libya: Political Process Still Holds Hope
...stricted the pipeline flow from two key oil and gas fields earlier this month. Formed out of the rebel units that ended Qadhafi’s rule in the 2011 revolution, the militia stand unopposed. The country’s army remains weak, and international efforts to grow its numbers by training soldiers are unfinished. Th...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Cyprus Peace Hopes See East Med Gas Export Options Multiply
...stabilized as a result, Israel and Turkey have common security concerns. With Egypt suffering from periodic political convulsions since the outbreak of the Arab Spring in 2011, the wider region remains unstable. Better relations between the two key US allies in the region have long been on Washington’s wish li...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Egypt Signs Gas PSAs
...th IOCs. But the PSAs were only formalized after lengthy bureaucratic delays: Petroceltic, which signed up for the El Qa’a Plain block with UK-based Dana Petroleum, was awarded the block in the 2011 bid round. Egypt’s Petroleum Minister Sharif Isma’il, has worked hard to reduce the contracts ba...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Saudi Arabia Advances Carbon Capture Project
...en reluctant to tamper with the energy subsidy and raise prices to both industrial and private consumers, even as it has in the past two years increased spending on infrastructure and social programs, in part as insurance from the ‘plague’ of the Arab revolution that started in 2011. Imf: Sa...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Iran: French Avant-Garde Leads IOC Rush To Return
...timates, stood at around 2.75mn b/d last month, down by more than 800,000 b/d on its 2011 average of 3.59mn b/d. Crude exports averaged just over 1.1mn b/d in 2013, representing a 54% drop in shipments relative to 2011. But with the apparent thawing of relations between Iran and the West since Pr...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Egypt Heads For Gas Deficit
...nce the Arab Spring in 2011, allowing for a simmering energy crisis to come to a boil. With three governments in just over three years, a lack of continuity in and concentration on energy policy has failed to address gas price reform and ensure payment to producers – leaving investment far below the le...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Exxon Shrugs Off West Qurna-1 Cut
...Cs’ unattractive terms, which do not allow IOCs to book reserves, led ExxonMobil to ignore Baghdad’s threats of expulsion and sign production-sharing contracts for six KRG exploration blocks in 2011. ExxonMobil has managed to retain its WQ-1 operatorship, having reduced its stake from 60% to 25%, wh...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Iraq, KRG Narrow Differences In Oil Row But Final Accord Elusive
...ditional $2bn to the KRG, rather less than the $9bn that Erbil says is owed by Baghdad for oil sales between 2011 and 2013, when the KRG halted exports of some 150,000 b/d because of the row over non-payment to foreign contractors. But he reiterated the Iraqi government’s position that no oil could be ex...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Bid Round Puts Algeria’s New Hydrocarbon Law To The Test
...ALGERIA Bid Round Puts Algeria’s New Hydrocarbon Law To The Test Algeria launched its first bid round since 2011 this week, seeking to stem declining output with improved terms. But it will have to banish the ghosts of In Amenas. Algeria launched a long-anticipated bid round this we...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Gas The Priority For Iran’s New Oil Team
...14 2020+ 1.8 77 14 50 2014 2020+ 1.8 77 15,16 90 2011...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014