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Libya Oil Personnel Changes
...parture of Shukri Ghanem in early 2011 has now left. However, Fuad Krekshi, who was close to Saif al-Islam Gaddafi, has so far kept his post as Chairman of the Libyan state overseas investment firm Oilinvest. Oil Minister ‘Abd al-Bari al-‘Arusi is currently working on a restructuring of the oil mi...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Turkey Plays Down ‘Bonanza’ Shale Gas Talk
...ological Survey’s 2011 estimate that the country may have 425 trillion cubic feet of unconventional shale gas. Several local experts have stoked the ongoing public debate with even higher reserves estimates. Mr Incedalci told the daily Zaman in January that “the key geological parameters of these so...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Jordan’s Iraqi Crude Imports Set To Rise To 15,000 B/D
...gher level of 12,500 b/d in the past four months. The Iraqi crude is sold at a preferential price, which allows Jordan to save about $6/B for crude delivered to the Zarqa refinery. After the January 2011 Egyptian revolution, supplies of Egyptian gas to Jordan via the Arab Gas Pipeline (AGP), wh...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
In Amenas Attack Heightens Security Tensions – In Libya As Well As Algeria
...stability on the “Pandora’s box” of weapons which had spread across North Africa following Libya’s 2011 conflict. “It is absolutely essential that we broaden and deepen our counterterrorism cooperation going forward with Algeria and all countries of the region,” Ms Clinton said, adding that she had visited Al...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Saudi Arabia, Qatar Push Offshore Upstream Development
...nce he took over leadership of the ministry in January 2011, he has focused on reversing slumping Qatari crude production: Output fell to an average of 740,000 b/d last year, from 836,000 b/d in 2008. At the center of the program is Qatar’s swing producer, the Maersk-operated al-Shaheen of...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Oman Eyes Bangladesh Energy Sector
...tal thus far (17 offshore, 58 onshore), which have resulted in 25 gas discoveries – mostly in the country’s east. In its latest Statistical Review of World Energy, BP put Bangladesh’s proved gas reserves at 12.5 tcf, which is slightly above Bahrain’s 12.3 tcf. BP said Bangladesh’s 2011 gas output was 1....
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Noble to Delay Aphrodite Appraisal Drilling
...mpletion of a second appraisal well on the Aphrodite field. Noble completed its exploratory drilling on Aphrodite in December 2011, when it announced that it had discovered a field with an “estimated gross resource range of 5-8 trillion cubic feet (tcf), with a gross mean of 7 tcf.” Appraisal drilling is ne...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Libya Attempts To Tackle Chronic Instability
...e-war levels of 1.5-1.6mn b/d (see graph). With the handful of technical problems left over from 2011’s fighting being dealt with, senior Libyan oil industry figures were confident output of 1.6-1.7mn b/d would be sustainable from the end of the first quarter this year; the key issue going forward wo...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Qatar Changes PSAs to JVs, Invests In Al-Shaheen
...cidental’s (Oxy) 105,000 b/d Idd al-Shargi concession. Since taking the helm of the Energy and Industry Ministry in January 2011, and chairmanship of state-owned QP, Muhammad al-Sada has led the drive to restore Qatari crude output. Qatar had under-invested in state-owned QP-operated fields, whose ou...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Iran’s Service Sector Buckles Under Sanctions Strain
...ts on multiple fronts. US-led pressure on oil sales is impacting export levels. According to MEES calculations, output is around 800,000 b/d down on 2011’s average 3.6mn b/d. And a senior politician recently acknowledged oil revenues in the fourth quarter of the current Iranian year (corresponding to 21...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Sudan Targeting 150,000 B/D Output By Year End
... SUDAN Sudan Targeting 150,000 B/D Output By Year End Since losing around three-quarters of its near 450,000 b/d former oil output to the South in 2011, Sudan has been pushing hard to raise its oil production and refining capacity. In December last ye...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Baghdad’s New Oil Leadership Faces Stiff Challenges
...hieved last August. And while average crude supply to refineries last year was certainly up on 2009’s 440,000 b/d, it was only a marginal improvement on 2011’s 565,000 b/d. And given low gasoline output from the ageing units, upgrades are badly need to cut down on expensive imports. Northern Di...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Algeria Fleshes Out New Oil Law
...ly nine blocks were awarded of 36 on offer in the three bid rounds – 2008, 2009 and 2011 – conducted since Algeria introduced the current hydrocarbons law (MEES, 21 March 2011). Several large IOCs have headed for the exits – most recently ConocoPhillips, which cited a desire for “improved returns on ca...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Aramco Eyes Seven-Well Red Sea Drilling Drive
...aditional Eastern Province heartland. Aramco has boosted gas reserves for at least 12 straight years from 1999 to 2011. And raw gas production has risen for all but one of those years (MEES, 4 June 2012). Nevertheless a gas shortage looms for the Kingdom, with liquids burning for power generation on the in...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
UAE Misses 3Mn B/D Crude Target, Set To Become Net Gas Importer
...rned 3.21mn barrels of crude and 2.74mn barrels of gasoil in power stations (MEES, 23 April 2012). This is expected to have increased in 2011 – when peak power demand leapt 14%, and to have risen further to meet 2012’s expected 10% growth. State-owned IPIC and Mubadala, in a 50:50 joint ve...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Ishai Drilling Disappointment May Change Israel’s Gas Export Views
...place in Ishai is shifting the balance of power in favor of the conservationist lobby inside Israel’s fractious decision-making mechanism. Estimates published by Ryder Scott in June 2012, which were based on detailed 3D seismic studies completed as late as June 2011, projected a very high pr...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
MENA Active Drilling Rigs, December 2012
...cember 2012 breakdown* Dec 2012 Nov 2012 Dec/ Nov Oct 2012 Dec 2011 2012/ 2011...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Sudan Hikes Capacity Despite Continuing Oil Deadlock
...dan’s Vice President ‘Ali ‘Uthman Taha inaugurated another new field – the al-Najma field in South Kordofan state – which in 2011 was projected to produce around 12,000 b/d. Production from the field is expected to begin later this month. This field is located in the adjacent Block 17 license, operated by...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Libyan Sit-Ins Continue To Hit Output
...arter this year with the company currently waiting for the rig to arrive. The company’s previous well, completed just before the start of hostilities in February 2011 struck significant quantities of oil (MEES, 5 March 2012). ...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Dana Gas In Egypt Discovery; INA And Apache Expand
...lays of nine months or more during 2011,” company President Rodney Eichler adds. Other Egyptian oil industry figures sounded by MEES, including many who are otherwise highly critical of President Muhammad Mursi, also speak highly of Mr Kamal. Both Mr Eichler and Mr Farris, who is also he...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013