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Algeria Facing Gas Supply Squeeze As Export Projects Unfold
...rgets. The LNG projects that Dr Feghouli was referring to are the 4.5mn tons/year plant at Skikda, being built by US firm KBR, and a 4.7mn t/y plant at Arzew, for which a joint venture between Italy’s Snamprogetti and Japan’s Chiyoda won the contract last July. They are due for completion in November 2011...
Volume: 52Issue: 02Published at Mon, 12 Jan 2009 -
IEA Medium-Term Outlook Trimmed To Reflect Economic Slowdown
...els and other products will rise, but the former will post a faster pace of growth (+3.1% per year) than the latter (+2.8% per year).” IEA World Oil Supply And Demand Outlook 2008-13 (Mn B/D) 2008 2009 2010 2011 2012 20...
Volume: 51Issue: 50Published at Mon, 15 Dec 2008 -
Yemen Considering Ways To Boost Exploration And Offset Declining Oil Production From Mature Fields
...udying the possibility of a pilot project using Enhanced Oil Recovery (EOR) technology next year. However, Nexen’s PSA expires in 2011 and, although the company is interested in extending the agreement, the government has not indicated yet whether it is ready to do so. Hence the likelihood of the de...
Volume: 51Issue: 48Published at Mon, 01 Dec 2008 -
Algeria Seeks International Partnerships To Confront Upstream Challenges
...ream in 2011-12, and which will produce 85% crude and 15% condensate. As the largest international oil producer in Algeria, Anadarko has suffered heavy financial losses from the windfall tax, and El-Merk’s development was delayed by three to four years. But MEES learns that the EPC bids for El-Merk ar...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Bureaucracy Hampers Iraqi Oil Rehabilitation Efforts
...SIGIR, Baghdad’s 2009-11 Strategic Plan is based on export prices of $80/B for 2009, $85/B for 2010, and $90/B for 2011, further underlining the damage posed by both falling pricing and declining production capacity in the south. The report also illustrated continued difficulties the Mi...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Libya’s Oil Development Plans Gather Pace, IOCs Outline EOR Projects
...ha Sirte 350,000 600,000 2014 Verenex* Area 47 Ghadames n/a 50,000 2011 To...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Costs Slide Prompts Wave Of Project Delays
...0,000 b/d offshore Manifa increment, which is due to begin starting up at the end of 2011. Manifa, the last of the mega-projects in Saudi Aramco’s current upstream expansion drive, is being widely touted as the most expensive increment in the company’s history, with current projections overshadowing th...
Volume: 51Issue: 46Published at Mon, 17 Nov 2008 -
Global LNG Glut Hides Mid-Term Supply Crunch As Producers Shun New Projects
...ch unfavorable market conditions. Simon Martelli reports from the 13th International Gas Summit in Paris. There are numerous LNG plants due to start up between now and 2011, in Qatar, Yemen, Algeria and elsewhere, with an aggregate capacity of more than 95mn tons/year. Some 50% of this will co...
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
EGAS Launches New Bid Round As Ministry Finalizes Gas Price Amendments
...cole McMahon. EGAS is hoping it will boost interest in the bidding round. The company’s chairman Mahmoud Latif said in March that the surge in local demand calls for a hike in Egypt’s gas production to 10bn cfd by 2011, from around 6bn cfd now. This will require as much foreign investment as can be mu...
Volume: 51Issue: 39Published at Mon, 29 Sep 2008 -
Europe Strengthens Energy Links With Africa, Despite Security Challenges
...rm is developing, and which are now expected to come on-stream in 2011, lie just next to Eni’s existing assets. FCP said earlier this year that the block’s gas processing plant would have an initial planned capacity of 260mn cfd of gas and 20,000 b/d of liquids (MEES, 31 March). Over the last ye...
Volume: 51Issue: 38Published at Mon, 22 Sep 2008 -
Egyptian Gas Plans Unfold, Despite Growing Concerns Over Domestic Supplies
...ound 2tcf of gas and 180mn barrels of condensate, according to EGAS, although its appraisal is ongoing. BG, Egypt’s largest foreign gas producer, also has a $3bn investment program up to 2011, mostly targeting the development of its two producing offshore concessions in the Mediterranean deep wa...
Volume: 51Issue: 35Published at Mon, 01 Sep 2008 -
Iraq’s TSA Contracts Postponed Awaiting Cabinet Approval, KRG Projects Progressing
...lumes of 3.5 bcm/year are expected to flow from 2011, possibly increasing to more than 10 bcm/y. “The Inci Gaz companies plan to make the necessary infrastructure investments to transport and supply the natural gas to the Turkish market and potential foreign consumers,” a statement said. “Now Eu...
Volume: 51Issue: 34Published at Mon, 25 Aug 2008 -
Sudan Appoints Abyei Administration Amid Tentative Signs Of Political Progress
...ntrol Risks Group Wolfram Lacher. “But it does represent a positive development, and suggests that cooperation between both sides is improving.” Presidential and parliamentary elections, to be held between January and April of next year, leading to the referendum on southern independence in 2011, ar...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
Greece Emerges As Major Gas Player With Participation In South Stream Pipeline
...ropean market. On 16 April Iraq’s Oil Minister Husain al-Shahristani promised to export at least 5 bcm/y of gas to the European market by 2011, according to a statement issued by Mr Piebalgs’ office. Dr Shahristani did not specify the routing through which exports would reach Europe or the pr...
Volume: 51Issue: 33Published at Mon, 18 Aug 2008 -
MENA LNG Production Limited By Rising Local Demand And Ageing Facilities
...mpletion until 2011 and 2012 respectively (MEES, 4 August). LNG Plants Competing For Gas A relative newcomer to the LNG industry, Egypt made a dramatic entrance with the commissioning in 2005 of two 3.6mn t/y trains at Idku and one 5mn t/y train at Damietta. The Egyptian LNG (ELNG) trains at Idku, jo...
Volume: 51Issue: 32Published at Mon, 11 Aug 2008 -
Global Refining Capacity Expected To Expand To 2013
...10 1 160,000 Texas Port Arthur Motiva 2011 1 325,000 India Vadinar Essar Oil 2012 1 420,000 India Paradip Indian Oil Corporation 2012 1 30...
Volume: 51Issue: 31Published at Mon, 04 Aug 2008 -
SRAK Strikes Gas In Saudi Arabia, But Tough Terms And Rising Costs Cloud Development Prospects
...ran gas suggests any extra costs will be met, and that the company will attempt to stick to the schedule to provide gas by December 2011. At Karan, two platform jackets have already been installed, MEES understands. The Karan cost increase results from some scope changes (storage capacity was in...
Volume: 51Issue: 30Published at Mon, 28 Jul 2008 -
Saudi Aramco Moves Ahead On Yanbu΄ Downstream Project With ConocoPhillips
...trochemicals and it will also use existing port facilities. Both Yanbu' and Jubail will be full conversion refineries and be configured to run mainly heavy, higher sulfur crude from the 900,000 b/d Manifa increment, due on-stream starting in 2011. EPC Bidding Schedule Prospective bidders for the four ma...
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
TAP Pipeline Key For European Alternatives To Russian Gas Supplies
...lmy-Rey participated in the televised signing of a major gas export agreement in Tehran (MEES, 24 March). The preliminary agreement envisages the beginning of Iranian gas exports to Switzerland by late 2009 at a level of 1.5 bcm/year, rising to 2-4 bcm/y in 2010 and 2011 and reaching a maximum rate 5....
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
IEA Medium-Term Outlook Envisages Continuing Tight Oil Market
...neration activities, will rapidly expand in non-OECD countries.” IEA World Oil Supply And Demand Outlook 2008-13 (Mn B/D) 2008 2009 2010 2011 2012 2013 OECD Demand North America 25...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008