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Storm Clouds Gather Over Iraqi Oil Development
...Neel’s presentation estimates. The problem, the source says, is that rising demand means that new capacity won’t really begin to be felt until what could be a politically unacceptable 2014. Mr Neel urged Baghdad to review its electricity subsidy policy sooner rather than later to promote co...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
BP Reveals Fourth Pipeline Option For Shah Deniz 2 Gas
...ere is concern about the potential extent to which it would overlap with a number of interconnector pipelines that are due to become operational throughout Southeast Europe by 2014. BP’s Vice-President for Shah Deniz Development, Al Cook, described the SEEP project as “another possible so...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Qatar Faces Challenge of Complex, Changing European Gas Market
...laysia has reportedly paid Qatar $15.40/mn BTU – up from the market’s typical $8.50/mn BTU at the beginning of the year. Competition From Coal LNG also has to compete against coal. The EU will stop subsidizing domestic coal production by 2014, making Europe more dependent on imports. Furthermore, Eu...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Abu Dhabi’s Oil Field CCS Projects Face More Delays
...servoir’s formation. ADCO – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – has a concession to manage most of Abu Dhabi’s onshore oil fields, which expires in January 2014. Abu Dhabi is asking majors to pitch for concessions without knowing the results of pilot sc...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Korea To Finalize Abu Dhabi Fields Deal, China Eyes Japan’s Concessions
...likely that ADNOC’s onshore oil fields concession will be broken up when it ends in January 2014, because it is too close to the renewal date. The Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – wh...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Bankers Shrug Off Downturn To Finance Qatar’s $10Bn Barzan Gas/NGL Project
...w pricing Saudi’s Satorp secured last year. Barzan will boost the country’s already climbing NGL output – which will include 500,000 b/d of condensate and 10.7mn tons/year of LPG by the end of 2011. It will start up in 2014 and ramp up to 100,000 b/d of condensate. The $7.2bn debt financing fo...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Gulf Condensate And Naphtha Exports To Increase
...ia-Pacific needs more petrochemical feedstock. Qatar’s marketing will be the largest single factor in medium term condensate sales, when it reaches full production and export capacity by 2014. “Qatar produces less segregated condensate than Saudi Arabia, but has overtaken Russia and Algeria as th...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Kuwait Increases LNG Imports And Fuel Oil Exports
...the sales gas pool. Kuwait is turning increasingly to enhanced oil recovery, which is energy intensive. Chevron expects to take its final investment decision in 2014 on going ahead with its high energy use heavy oil steam injection project in the NZ. A green light may trigger more LNG im...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Cyprus Energy Department Urges Gas Search, Turkey Threatens Intervention
...ock 12, with gas being transported to the island by pipeline; transporting gas to Cyprus from Israel’s offshore Leviathan field by pipeline; and transporting gas to the island from both sources (MEES, 22 August, 4 July). “The Americans want to bring us natural gas by 2014 and are asking for co...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Qatar To Boost Naphtha Output From GTL Plant And Condensate Splitter
...09. By 2014 it will have debottlenecked and installed a gas oil hydrotreater to produce low sulfur diesel – less than 10ppm. Europe’s demand for low sulfur diesel of this quality will increase during 2014-16 as its tightened product specifications kick in. The splitter’s current production ca...
Volume: 54Issue: 35Published at Mon, 29 Aug 2011 -
Shell Offers LNG To Bahrain At Near Oil Price Parity
...augen in its tender to import LNG. The tender is unusually flexible – only specifying the import of 400-800mn cfd of LNG for 15 years starting in 2014 – and leaving it up to firms to propose their own ways to achieve it. It has attracted a variety of solutions from low cost, fast start-ups to Sh...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Oil Producers See Budgets Pressured By Social Unrest, Crude Dip
...e kingdom will remain in a comfortable fiscal position. However, thereafter it faces a very different environment unless spending and oil trends change, it warned. The government will be running budget deficits from 2014, which become substantial by the 2020s. By 2030, foreign assets will be dr...
Volume: 54Issue: 33Published at Mon, 15 Aug 2011 -
Egypt Grapples To Support Energy Sector; Reshuffle Delays Musturud
...advertently held up the planned $3.7bn Musturud refinery. Egypt’s Minister of Petroleum 'Abd Allah Ghurab said at the end of July that Cairo plans to invest $1bn in exploring for gas and oil in the Sinai Desert up to 2014. The only details he gave were that the plan includes 60 wells and aims to boost re...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Gulf LNG Producers Facing Greater Competition From Australia In Asia-Pacific
...rector, Chevron Australia. Chevron said in June it secured conditional approval from Western Australia’s Environmental Protection Agency – the first of several environmental green lights that Chevron needs before making the FID. The project owners say it will produce 8.9mn t/y in 2014, with first cargoes ex...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Iraqi Gas And Power Emerges As Critical Sector
...pital investment to kick-start the economy. Capital expenditure will grow to 40% of the budget in 2014 and 50% the following year, compared to 2011’s 31%, Mr Abadi predicts. However, any economic development will not work without electricity, the lack of which currently costs the Iraqi economy an es...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Iraq Needs To Triple Power Capacity To Meet Short Term Demand Growth
...soil then dry gas from Badra and Mansuria fields Taji 4x40 2011 40mn cfd Dry gas from NGC Akkaz 2x125 4x30 2014 105mn cfd Dry gas from Akkaz field Ba...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Iran Set To Be Net Gas Exporter, Analysts Doubt Double Output Claim
...uble.” Another Iranian analyst, Mehdi Varzi, president of Varzi Energy consultancy, comments: “The gas forecast looks too high. Gas production is increasing, but an increase of 20-30% by 2014 is more realistic.” The West is tightening the economic noose round Iran. Extensive sanctions stop Iranian ai...
Volume: 54Issue: 28Published at Mon, 11 Jul 2011 -
Kuwait’s SPC Wants 530,000 B/D Al-Zour Option, Parliament Starts Shell Probe
...hrain, scheduled for completion in 2014. It will avoid populated areas in both countries. If Bapco chooses the 450,000 b/d refinery expansion option, the pipeline’s capacity can be increased above 350,000 b/d bydrag reducing agent (DRA) injection. The main reasons for the new pipeline are to improve th...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
ADNOC’s New Chief To Focus On UAE Fuel Crises
...erational by its latest deadline of 2014. One of the reasons for the delays is the cumbersome decision making process of the conglomerates that own the field concessions. ADNOC has not yet announced who will replace Mr Suwaidi as head of the exploration and production division. The choice of which ex...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Kuwait Discovers More Burgan Reservoirs, Plans Water Injection
...ra structure – one of the fastest-depleting reservoirs, MEES learns. The project needs collection, treatment and injection facilities by 2014 for as much as 1mn b/d of water. When Burgan first started producing nearly 70 years ago some individual wells were producing 15,000 b/d. “Today additional we...
Volume: 54Issue: 26Published at Mon, 27 Jun 2011