- Sort by:
- Score
- Published ▼
-
Global Supply Overhang May Last Till 2017; OPEC Output Largely To Blame
...OPEC Global Supply Overhang May Last Till 2017; OPEC Output Largely To Blame A weakening global economy and the prospect of additional Iranian barrels mean that global oil demand may not catch up with supply until the year after next. Low oil prices too are unlikely to go away anytime so...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Iraq Progresses With Giant Gas-Fired Plant, But Where’s The Fuel?
...heduled for start-up in August 2017. However, this schedule appears overly optimistic, given the dire security problems in Iraq and the government’s already overstretched budgets for its ambitious oil, gas and power projects. Fuel availability is also a major issue for the Bismaya project as things st...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Egypt: Desperately Seeking Finance
...serves. These reserves, which stood at some $36bn before the 2011 revolution, have fallen to $16.3bn at the end of September, down $1.8bn from the previous month. Egypt needs $10bn for both 2016 and 2017 to meet its “financing needs”, according to IMF regional director Masood Ahmed. He says that th...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Riyadh Eyes $4bn Local Currency Bonds
...rned to borrowing from the domestic market by issuing local currency bonds, which are expected to raise $27bn by year-end. But now there is speculation in Riyadh that in 2016 and 2017 the government will turn to the international market, especially if oil prices remain depressed for an extended period....
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Climate Change Takes Centre Stage Ahead Of COP 21
...e end of September to start a national cap-and-trade system in 2017. ...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
UAE To Spend $35bn On Reducing Gas Imports For Powergen
...an $50/B, Mr Mazru’i maintains that the UAE’s plan to raise oil output capacity to 3.5mn b/d by 2017, compared with 2.78mn b/d for 2014, will not be delayed by the fall in crude prices....
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Aramco Advances Downstream Plans With Petro Rabigh, Sadara Progress
...me in next year and the chemicals plants – polyurethanes intermediates and polyurethanes products – in 2016 and into 2017.” Sadara’s cracker will be the first in the Middle East to process naphtha – the project has feedstock agreements in place for up to 53,000 b/d of naphtha and 85mn cfd of et...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Kuwait Nears Sale Of European Refinery, Targets Asian Downstream
...er 900,000 b/d was refined at home. While the sale of the Rotterdam refinery would reduce its sales into Europe, KPI is a partner in the Nhgi Son refinery in Vietnam, due onstream in 2017 and requiring 200,000 b/d of crude. The company is also pursuing refining projects in Indonesia and China. AS...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Saudi Electricity Demand To Rise 32% By 2020, Says ECRA
...wec Exp (Rawec) Oil 0.16 2016 Shuqaiq (SEC) Oil 2.64 2017 PP13 (SEC) Gas 1....
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Bapco, Aramco Award Pipeline Contracts
...CC). At the contract signing ceremony, Bahrain’s Minister of Energy ‘Abd al-Husain ‘Ali Mirza said that the pipeline “will be finished by the end of 2017 or early 2018 and then there will be a six-month trial period.” He added that the ageing 230,000 b/d pipeline that it is replacing would be shut down in...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
UAE Seeks Solar Bidders As Nuclear And Coal Plans Advance
...port says Dubai’s achievement of “the lowest solar price ever achieved worldwide” suggests solar costs are “poised to decrease even further.” Phase-2 of Dubai’s solar park recently reached financial close and is scheduled for start-up by April 2017. (MEES, 24 July). PV modules for phase-2 will be pr...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Total Turns The Screw On Spending In New Strategy For $60/B Oil
...t capex further to $20-21bn, before “returning to a sustainable level of $17-19bn from 2017.” Mr Pouyanné said that “in a commodity business like oil and gas, we have to be excellent at what we control. We cannot control the price of oil and gas, but we can control costs and allocation of ca...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Iran’s New Oil Investment Contract To Get First Unveiling In Tehran
...ominently on the list, many of which will be critical in the country’s plans to boost oil production capacity from around 3.5mn b/d currently, to 5.7mn b/d by 2017-18. Mr Zanganeh said this month that Iran’s production capacity will hit 4.2mn b/d by end-2016. “New contracts with foreign companies will be...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Cyprus And Israel Gas Going Nowhere… For Now At Least
...pointed PM – see p15) that he expects Egypt to receive Cypriot gas by 2017 (MEES, 11 September). Cairo has also been involved in the discussions between the partners in Israel’s 22tcf offshore Leviathan gas field (Noble 39.66%, Delek 45.34%, Ratio 15%) and BG, regarding the import of gas to the LNG te...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Kuwait Awards First Utility-Scale Solar Plant
...KUWAIT Kuwait Awards First Utility-Scale Solar Plant Kuwait has embarked on its first utility-scale solar power project, which it aims to connect to the grid by December 2017. Kuwait Institute for Scientific Research (KISR) has awarded Spain’s TSK a contract to build the 50MW Al-Sh...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Could Egypt’s Gas Find Revive Exports?
...timate for the substantially smaller (5 tcf reserves, 1.2bn cfd output) West Nile Delta (WND) project that BP hopes to bring online from late 2017. “I think we will remain within $10bn for the overall development of the field,” Mr Descalzi told the Rome hearing, adding that Mr Isma’il’s initial $6-7bn es...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Oman Eyes 2018 Completion Of Linked Downstream Projects, But Liwa Cost Rising
...ld reporters this week that work on the Sohar refinery expansion, which began in 2014, is expected to be completed in the fourth quarter of 2016. The products pipeline and storage terminal are scheduled for completion in 2017, while Liwa will be ready for start-up in 2018. LIWA COULD COST $5B...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Saudi Arabia’s Sadara Petchems JV To Supply Juffali Plant With Feedstock
...asChem in the first half of 2017 (MEES, 7 August). Sadara says it will provide Juffali’s BTG unit with almost all the raw material it requires. Other Juffali units, including the polyurethanes plant, will take some raw materials from Sadara and some from third party suppliers. Juffali’s MDI and BT...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Israel Powergen Capacity Nears 17GW With Completion Of Haruvit CCGT
...rael’s Noy Fund started construction in June for 2017 start-up. The second phase of Ashalim will be a 110MW CSP plant, for which Spain’s Abengoa and Israel’s Shikun and Binui recently announced financial close with a view to 2018 start-up. Details of a solar PV plant to be built at the same site have ye...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Akri-Bijeel Plans Take A Mauling
...d-2015 and 50,000 b/d by 2017-18. Now it says output will be stuck at little more than 2,000 b/d. Akri-Bijeel’s “economically recoverable reserves” have been slashed to just 4mn barrels, a mere 0.5% of the 800mn barrels oil-in-place estimate contained in Mol’s development plan agreed last August (ME...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015