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Eni Shows Its Faith In Egyptian Deepwater
...the North Port Fouad block last week (MEES, 19 September). These four blocks, together with the Shorouk block that Eni took in April last year, comprise the bulk of Shell’s former giant NEMED concession. Shell discovered gas here but quit in 2011 saying development was uneconomic. The fact th...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
ISIS Oil Revenue Streams May Prove Resilient
...r chest with proceeds from oil, extortion and the looting of banks and museums in areas it has seized since 2011, when the Syrian civil war began. There have been reports that priceless art works looted from museums and archaeological sites are being offered on the international black market. ISIS is...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Cyprus: Eni Plans September Drilling, CNOOC Eyes Aphrodite Stake
...th the Energy Ministry. Nicosia is keen to make additional offshore gas discoveries sooner rather than later, with US firm Noble and Israeli partner Delek increasingly veering towards floating LNG as an exploitation option for their 2011, 5 tcf Aphrodite discovery on Cyprus’ Block 12, the only di...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
IEA Sees $735Bn Investment In Evolving LNG Market Through 2035
...wn this year. More vessels will hit the water, further lowering charter rates: after reaching a high of about $150,000/day after Japan’s 2011 Fukushima Daiichi nuclear accident, rates have decreased to about $70,000/day and will likely continue on a downward trajectory. Oil & Gas Transport In...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Israeli Offshore Gas Eyes Egyptian LNG Terminals
...yptian gasfields, has an offtake agreement for a further 1mn t/y. Spain went from being the dominant customer for Egyptian LNG in 2011 – when it took close to 30% of total volumes – to receiving zero for 2013 (see table). Houston-based Noble has a 36% of Tamar and is operator, Israel’s Delek Gr...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Suez Revenue Steady
...2013. For gross tonnage (including vessel weight), the 2013 figure of 915mn t is just down on 2011’s record 929mn t. The average size of vessels using the canal is rising. Despite record cargo and revenues holding steady, the total number of ships using the canal has fallen in each of the last fi...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...T/Y, %) Qatar King, But Not For Long Supply will grow only marginally in 2014, though the two or three projects that IGU expects online this year represent the first significant boost in liquefaction capacity since 2011. Major boosts to global liquefaction capacity will come online in 2015, when new Au...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Suez Canal Traffic Data, 2013
...Suez Canal Traffic Data, 2013 2013 Change vs 2012 2012 2011 2010 2009 2008 20...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Iran, Oman Edge Closer To Gas Supply Deal
...ying: “contrary to other contracts, we have not agreed on a price.” History shows – especially in the case of Oman and Iran – that price can prove the thorniest of issues when negotiating such deals. The two sides came agonizingly close to striking a similar gas export agreement in 2011, only for ta...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Mideast Gas May Move To Europe If Russia Cuts Supply
...ti-government protesters have shut in oil and gas fields, resulting in the loss of Libyan gas flows through the subsea Greenstream pipeline, which have not been up to full volumes since the start of the uprising against Qadhafi in early 2011 (see graph 2). Turkey, particularly the western part of...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Qatar Faces Threat From US Shale – IMF
...ture fields, expected lower hydrocarbon prices, and growing nominal expenditures.” An easing of growth to around 6% for 2012 and 2013 from the stellar 13% increase posted in 2011 is largely the result of the long-standing and self-imposed moratorium on additional hydrocarbon production from the No...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Jordan Advances Gas Strategy With Shell LNG Supply Deal
...peated attacks on the line in the restive Sinai cut exports to around 100mn cfd for 2011 and 2012 and zero since July last year. Mr Hamid says that the cost of importing fuel oil, which has supplanted gas as a fuel for power generation, is six times higher than the cost of Egyptian gas imports. For 20...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Yemen Locked In LNG Price Negotiations With French Duo
...09 2010 2011 2012 2013 Mn T 0.19 1.65 2.71 2.59 3.59 Supplier Ra...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Iraq Hires Big Law Firm To Thwart KRG Export Plans
...transport 1.1mn b/d but – even when things have been running smoothly – it has only been operated at around a third of capacity in recent months. For January a mere 190,000 b/d of Iraqi crude was shipped via the Kirkuk-Ceyhan pipeline, down 50,000 b/d on December and down 250,000 b/d on 2011 vo...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Jordan Left With Few Gas Options After BP Abandons Risha
...an. Yet, a severely limited set of options may force Jordan to look seriously at Israeli gas import proposals going forward. Until January 2011, Jordan depended on Egyptian gas supplies via the Arab Gas Pipeline (AGP). Contracted volumes called for 250mn cfd of exports to Jordan to supply power st...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Kurdish Oil Heads North But Not Yet To Sea
...aq to help us sustain the target production level beyond 2020,” Maersk Oil CEO Jakob Thomasen says. Maersk has been present in the KRG’s Sarsang block since 2011 with its 30% shareholding of HKN Energy. Exploration activity still dominates the scene in the north, though 2014 is expected to be...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
KRG Finalizes Marketing For End-January Independent Crude Exports
...red to the KRG due to the more attractive terms on offer when compared to the low returns of Baghdad’s long-term service contracts. ExxonMobil, which signed PSCs with the KRG for six blocks in 2011 despite the threat of expulsion from southern Iraq, has started drilling operations at its Pirmam bl...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Fujairah To Cement Role With Major Storage Expansion
...ong the new breakwater to include VLCC jetties to accommodate what he predicted was a tripling of oil storage capacity at Fujairah between 2011 after it had doubled in the past two years. VTTI also operates the 80,000 b/d Fujairah Refinery, which processes crude oil and condensates....
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Suez Canal Traffic, 3Q 2013
...en the key source of southbound shipments. In 2011 southbound crude shipments fell sharply as Libyan exports slowed to a trickle due to the country’s civil war. However volumes sharply rebounded in 2012 and the first half of 2013 as Libya cultivated China in particular as a key market. •Ch...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Qatargas Inks $7bn UK LNG Deal With Centrica
...ior 3-year agreement signed in 2011. The previous deal, worth less than half the latest, was for 2.4mn t/y. Like several of Qatargas’ recent deals, the contract does not guarantee 3mn t/y of supply; rather, Qatargas is free to send volumes to other buyers. Qatargas 4, a joint venture between Qa...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013