- Sort by:
- Score
- Published ▼
-
Iran’s Inflation Hits 21.5% As Majlis Approves Budget Bill Outline
...te for the previous year 1389 ending on 20 March 2011 stood at 12.4%, after reaching a low of 8% in August 2010 (MEES, 11 April 2011). But the rate began to edge upward with the implementation of the economic reform bill in December 2010 and the gradual withdrawal of subsidies on goods and ut...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Oman’s LNG Companies In Merger Talks
...d power. In 2011 Sultan Qabus bin Sa'id ordered OOC to refocus more investment in Oman and in creating jobs. Muscat’s model is Malaysia’s Petronas, one of the most successful national oil companies (NOCs). Petronas has integrated operations and equity stakes throughout the hydrocarbons ch...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
AGOCO Production Edges Up But Bigger Plans Await Budget
...-Hariga terminal remained in rebel hands throughout the 2011 conflict, offering a lifeline crude export outlet when production restarted. Repsol Seeks Drilling Equipment Meanwhile, Spain’s Repsol is edging closer to restarting exploration drilling on its Murzuq Basin acreage. The co...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Bahrain’s BBK Stays Profitable As It Weathers Local, Global Crises
...ld Melanie Lovatt he is cautiously optimistic for 2012 and is already seeing the benefits of the commercial bank’s back-to-basics strategy. BBK’s profits slipped to BD31.79mn ($84mn) in 2011 from BD39.14mn ($103.7mn) in the previous year. But a 13.4% return on average equity is a strong pe...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Delek Confirms Interest In Greece, Israel Confident Of Trilateral Pact
...ich he considers a precondition for the development of a successful regional oil industry. Theodoros Tsakiris writes. Greece established its Exclusive Economic Zone (EEZ) with Italy in 1977 and in July 2011 demarcated its maritime boundaries with respect to Albania and Libya under Athens’s En...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Iran And Oman Developing Hormuz Gas Projects
...s al-Khaimah. Last year OOCEP started building the $480mn Musandam gas plant to process the 45mn cfd of gas (MEES, 1 April 2011), which the UAE’s Ras al-Khaimah Petroleum operates on behalf of Muscat. Any gas found in Oman’s Blocks 40 or 17 will also be processed at the plant. The blocks are op...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Kurds Warn Over Oil Payment, Kirkuk Field Rehabilitation
...ocks to ExxonMobil (MEES, 21 November 2011). Citing Article 112 of the constitution, the KRG demanded both the governorate of Kirkuk and the KRG “be present with the federal government in any discussions and agree over the Baba structure’s development.” Kurdish Peshmerga forces control parts of...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Libya Stalemate On Exploration Restart
...-'Abdaly, Chairman of NOC’s Jowfe Oil Technology spoke of the efforts to get the Oasis (Waha) export terminal of Sider back on-stream late last year (MEES, 26 December, 2011). With some of the war’s most intense fighting nearby, the terminal suffered “complete destruction of the metering system…the he...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
SEC Sees Orders Of $18Bn For Debut International Sukuk
...ternational paper last year when it mandated HSBC and Deutsche Bank to organize its first dollar-denominated sukuk issue. At the time bond specialists had suggested that it would probably take until early 2012 to prepare the issue for market (MEES, 6 June 2011). The sukuk were issued under regulation ‘S’ wh...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Greece-Cyprus-Israel Energy MOU Postponed Indefinitely
...s capacity as the foreign minister of the Constantine Mitsotakis government in 1990, visited Israel in December 2011 and reconfirmed his support for Mr Papandreou’s policy. Following a meeting with Israeli Prime Minister Benjamin Netanyahu, Mr Samaras, whose party Nea Demokratia is leading the polls ah...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
IOCs Offer Abu Dhabi CO2 Technology To Secure Oil Fields
...rub out residual oil that has migrated through rock on its way to a reservoir during the reservoir’s formation, making more oil recoverable. In the pilot scheme there was no scaling, which would have indicated dissolving of the carboniferous rocks. The 60 t/d (1.2mn cfd) pilot started in 2009 and by 2011...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Abu Dhabi To Import 1.2Bn CFD Of LNG, Shah Gas Field Slips
...G engineering firm Chiyoda (MEES, 10 October 2011) replace ADGAS’s two LNG trains that will be over 30 years old by 2019, as part of a package that would secure Japanese upstream firms’ concessions in the emirate. ADGAS’s third LNG train is more recent. However, Abu Dhabi could build an...
Volume: 55Issue: 13Published at Mon, 26 Mar 2012 -
ExxonMobil Water Project Exit Threatens To Derail Iraqi Upstream Schedule
...oject has been put back two years. So instead of 2015, it won’t come on until 2017.” Even if this view is overly pessimistic, there is little doubt that the project has been seriously delayed – FEED was due for award last November (MEES, 3 November 2011). In the long-run, this water is vi...
Volume: 55Issue: 13Published at Mon, 26 Mar 2012 -
Regional Tensions, Oil Price Prompt Rise In MENA Defense Spending
...ew by a far lesser margin. And this trend, IISS notes, is something that has been mirrored in defense spending across the region. “Oil exporting states made up nearly 75% of total regional defence expenditure, and in 2011 their collective spending rose to $95.57bn [from $87.97bn], a no...
Volume: 55Issue: 13Published at Mon, 26 Mar 2012 -
Iran Tensions Cast Shadow Over IEF Meeting
...continued. According to MEES calculations there has been some loss of Iranian production, with estimated February output of 3.46mn b/d down on the 2011 average of 3.59mn b/d. Production losses are only part of the issue. “It is costing twice as much to get anything done. Drilling, oil services, fi...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Sonatrach In $6.6Bn Windfall Tax Resolution With Anadarko And Maersk
...8 6.6 For Comparison: 2011 TPE In...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Noble Confirms Cyprus Resource, Assessing Site For Proposed LNG Plant
...kes reports. Noble Energy has reconfirmed its resource estimate for the December 2011 discovery at Cyprus’s Block 12 A-1 well at 7 tcf (198 bcm) following the release of an independent estimate by consultants Netherland Sewell and Associates (NSAI) in early March that put reserves at 5.1 tc...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Kuwait Burns Crude, Turns To Renewables, To Meet Fuel Challenge
...ntracts are $14-14.7/mn BTU and rise with oil prices. In a research note Bloomberg New Energy Finance said that the cheapest PV power plant in 2010 could be built at $3.14/w. In its model a 1gw PV plant built in 2011 over 20 years was competitive against real oil prices rising from $80/B to $12...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Kurds Poised For Oil Boom, Amid Looming Political Turmoil
...erator 2011 Average Production Current Production March 2013 End-2013 Tawke DNO 52 50 10...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Korean Group Wins Abu Dhabi Oil Deal As ADCO Concession Nears Expiry
...elds comprise one offshore in Area 3 and two onshore in Areas 1 and 2. The UAE government had previously said it expected the deal to be closed by the end of 2011 (MEES 26 September 2011). State-owned Abu Dhabi National Oil Company (ADNOC) holds 60% in the projects, which require a total of $5bn in...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012