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ENI Launches Libyan Gas Expansion FEED Prequalification
...r geological and geophysical processing. This would appear to relate to plans to move ahead next year with Phase II Bahr Essalam development as well as its wider Mellitah expansion plans. Eni also plans to produce 10,000 b/d of crude from Ghadames Basin Block NC-118 from late 2014. De...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
Qatar In Talks To Boost Shell Share Stake To 7%
...r Onshore Oil Operations (ADCO) consortium, in which Shell holds a 9.5% stake. The ADCO concession includes most of the emirate’s major onshore fields and expires in January 2014. Abu Dhabi pays ADCO stake holders a fee of one dollar per barrel of their share of the consortium, which aims to produce 1....
Volume: 55Issue: 37Published at Fri, 07 Sep 2012 -
AGOCO Steps Up Exploration In Libya’s Ghadames Basin
...d now has until early 2014 to drill its one commitment well on the block which lies in water depths of zero to 2,200m. Foreigners On The Sidelines AGOCO’s activity contrasts with the majority of international oil companies’ Libyan upstream positions. These firms, for the most part, have be...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012 -
Iran, Pakistan Go Ahead With Pipeline Despite Finance Problems
...kistan (IP) gas pipeline. The 8.7 bcm/y capacity project, which is an extension of Iran’s IGAT-8 pipeline, was 75% completed by early June 2012, (MEES, 11 June). Completion on the Iranian side is expected by the 2Q or 3Q of 2014, and is linked to a 750mn cfd sales and purchase agreement the two sides fi...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012 -
Algeria Details Power Generation Capacity Expansion Plans
...132mw 2014 Labreg 342 342 2x...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
NIGC Chief Outlines Potential For Major Gas Export Hike
...port up to 40 bcm/y of Iranian gas to Pakistan, with an initial throughput capacity of 8.7 bcm/y. The line is expected to be commissioned in late 2014 or early 2015. However, Islamabad is under increasing US pressure over its relations with Tehran and has not started to build the 785km Pakistani se...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Offshore Morocco Hots Up With Cairn, Genel Purchases
...ploration wells may follow in 2014, Cairn says. Two key prospects have been identified on the block, where water depths are 500-2,000ms. Small independent firms San Leon, Serica and Longreach have reduced their former collective 75% stake pro rata to make way for Cairn. San Leon now has 14.2%, Serica 8....
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Tunisian CO2 Study May Scupper Plans For Zarat Development
...om West Africa, providing a steady revenue stream despite cashflow constraints having led PA to slash capital expenditure by more than 80% for 2012. A commitment well for the company’s Makthar permit in northwest Tunisia has been pushed back to 2014 with the company granted two years’ licence ex...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Mauritania Looks To Offshore Gas To Fuel Its Energy Future
...late to whether development will be of gas alone or include oil. Tullow also expects to take a final investment decision next year with first commercial production from between two and four wells slated for 2014 or 2015. Other nearby offshore discoveries, also operated by Tullow, could potentially be ti...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Russia Consolidates Its Position In Iraq Upstream Petroleum
...rward to early 2013, with 60,000 b/d expected by mid year, and 120,000 b/d by the beginning of 2014”.15 As long as the stalemate and differences between the federal government and KRG remain (and the resolutions appears to be remote for the time being), the problem with ExxonMobil is not re...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Libyan Upstream Activity Picks Up
...ould add substantial oil and gas production increments from late 2014 (see Table 1). Eni, through its Mellitah Oil joint venture with Libya’s National Oil Corporation (NOC), plans to move two key projects to construction next year. Both are heavily reliant on existing infrastructure, making ra...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Oil Roils Kurdish Politics
...r late 2013, but realistically this is unlikely to be completed before 2014 (MEES, 28 May). In the meantime, Turkish firms continue to consolidate their position the region. On 6 August Genel Energy announced it was boosting its 23% stake in the OMV-operated Bina Bawi block to 44%, with $240mn ac...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Jordan’s Energy Ministry Shortlists Companies For AOT Project
...mmenting on Jordan’s long term energy strategy, Minister of Energy and Mineral Resources 'Alai al-Batayna said that among the first priorities his country will need to raise its storage capacity for crude oil and petroleum products to 100,000 tons (around 750,000 barrels) by the first half of 2014 and to mo...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Abu Dhabi Moves Ahead With Nuclear Program
...rporation (KEPCO). ENEC’s CEO Muhammad al-Hammadi said: “These contracts will provide ENEC with long term security of supply, high quality fuel and favorable pricing and commercial terms.” Abu Dhabi is struggling to develop its gas reserves and plans to import 1.2bn cfd of LNG by 2014-15 (MEES, 26 Ma...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Petroceltic And Sonatrach Agree To Develop 'Ain Tsila For 2017 Start-Up
...ndensate and LPG production will be around 15,000 b/d each. Development work is expected to commence in 2014 following the completion of front end engineering next year. The Irish independent plans to divest a further tranche of its 56.625% working interest in order to help fund development. So...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Power Failures Hit Kuwait
...neration capacity to 16gw by 2014-15, 17-18gw by 2016 and 27-30gw by 2030. Kuwait’s power demand is growing at approximately 7-10% per year. But Kuwait is short of gas and is importing LNG. It is studying with Japanese conglomerate Toyota Tsusho the construction of a $650mn, 1.25mw integrated solar co...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Algerian Gas Set For Boost From 3.7 BCM/Y Petroceltic Development
...gineering and design (FEED) is slated for 2013 with construction set to begin in 2014. Second Farm-Out Planned Petroceltic plans to sell a further stake in the project in order to fund its share of $1.5bn expected capital expenditure to first gas, a massive amount for a company whose market ca...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
Kuwaiti Tanker Fleet Set For Nine-Vessel Expansion In 2014-15
...WAIT Kuwaiti Tanker Fleet Set For Nine-Vessel Expansion In 2014-15 State-owned Kuwait Oil Tanker Company (KOTC) is expecting the delivery of nine new tankers from South Korean firms by mid-2015 as part of a $1.75bn fleet expansion announced earlier this year, the company’s newly appointed ch...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
BP To Sign Gas Deal With Oman By September
...celerate Phase 2 to produce another 1bn cfd (MEES 16 April). Oman LNG, the country’s primary LNG producer – whose shareholders include Shell and Total – hopes to export more LNG after BP’s project hits full production. Oman LNG will have a clearer idea by 2014 on demand levels and possible ex...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Mubadala Restructures Energy Assets, Develops Thai Oil Field
...11 Mubadala Oil & Gas Buys a 20% stake in block 7, deepwater Tanzania, hoping to find gas. Tanzania is considering an LNG export plant. Mubadala plans to build an LNG import terminal by 2014. January 2012 Mubadala Oil & Ga...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012