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ACWA, Aramco Eye Bangla LNG
...ich is expanding its activities and in April traded its first LNG cargo (MEES, 7 June). State firm Petrobangla has two 3.75mn t/y floating storage and regasification units (FSRU), which are overwhelmingly supplied by Qatar. A 2.5mn t/y supply deal was signed with Qatargas in July 2017 and supplies be...
Volume: 62Issue: 43Published at Fri, 25 Oct 2019 -
Eni: Gulf Of Suez Boost
...y to increasing the country’s oil output which fell to 613,000 b/d for August, the lowest since March 2017 (MEES, 16 August). ...
Volume: 62Issue: 43Published at Fri, 25 Oct 2019 -
Rosneft Advances KRG Oil
...Russia’s Rosneft is making swift progress on developing its assets in Iraqi Kurdistan, VP Eric Liron told state news agency TASS in an interview this week. The state giant bagged five “production blocks” in mid-2017 (MEES, 16 June 2017), and has focused particularly on Block 11’s Bijeel field wh...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Abu Dhabi $10bn Bond…
...abi mandated BNP Paribas, Citigroup, First Abu Dhabi Bank, HSBC, JP Morgan and MUFG to act as lead managers and joint bookrunners. Abu Dhabi last tapped the international bond market in October 2017 with a $10bn three-tranche issue (MEES, 6 October 2017). ...
Volume: 62Issue: 39Published at Fri, 27 Sep 2019 -
QP, Shell Reaffirm LNG Bunkering Commitment
...Shell CEO Ben van Beurden was in Doha this week for talks with Qatari Minister of State for Energy Saad Sherida al-Kaabi. The pair “signed a Shareholder Agreement today [18 September] to establish a company that would provide global LNG bunkering services.” This follows a 2017 framework ag...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
ENI Egypt Gas Start-Up
...eir North Damietta concession next year with additional drilling at the 300mn cfd Atoll as well as the start-up of the Qattameya field, discovered in March 2017 (MEES, 30 August). The volumes of course pale in comparison to the 21.5tcf Zohr field in the deep offshore Mediterranean which is cu...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Morocco: Minnow Bags Deepwater Block
...2017 without drilling. Morocco enjoyed something of an exploration boom earlier this decade. But of the 10 deepwater wells drilled none found commercial hydrocarbons (MEES, 30 January 2015). ...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
SOCO Hikes Egypt Output
...co’s first quarter in charge. Soco blames “underinvestment… in previous years” for a sustained slump from 7,900 b/d for 2017. It sees a “clear near-term opportunity to reverse the decline and then steadily improve the production level,” targeting 15,000 b/d by 2023. On 16 July Soco added a second dr...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Tunisia Field Hit By Strikes
...plement a set of demands agreed on 20 August. El Borma, the country’s oldest and largest producing oil field, has now been shut-in at least three times by strikes this year. And this came on the back of summer 2017’s wide-ranging strikes that crippled output at Tunisia’s southern fields (MEES, 2 June 2017...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
KRG: Chevron Awards Sarta CPF Contract
...February that various export options implying initial volumes may be temporarily trucked while a spur pipeline is connected to the KRG’s export line to Turkey. Sarta will be the first new field brought online since UAE firm Taqa's Atrush field started production in July 2017 (MEES, 14 July 2017). ...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Kuwait’s KNPC Begins Clean Fuels Commissioning
...om 270,000 b/d to 454,000 b/d and reduce Mina al-Ahmadi’s from 466,000 b/d to 347,000 b/d. KNPC originally aimed for start-up of the CFP in late 2017, but as is often the case in Kuwait the schedule has slipped. The latest official start-up target is by the end of 2019, but slippage to 2020 looks in...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
US Slashes Tunisia Financial Aid
...18 and a 65% decrease on 2017’s $194mn, according to US Agency for International Development (USAID) data. Since coming into office in 2017 US President Donald Trump has repeatedly called for a decrease in US foreign economic aid. ...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Petrofac Scandals Weigh On Project Pipeline
...gust 2017). The London-listed firm also bagged a $1bn EPC deal in March to develop Algeria’s 2.2tcf Ain Tsila gas-condensate field (MEES, 15 March) – another key client seemingly unphased by Petrofac’s diminishing reputation. In Abu Dhabi it last month won FEED work for the Belbazem offshore pr...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Aramco Restarts Malaysia CDU
...efChem partners have also begun processing imported naphtha to test the project’s 1.2mn t/y cracker (MEES, 5 July). Aramco paid Petronas $7bn for a 50% stake in PrefChem in February 2017, at which time it was called the Refinery and Petrochemical Integrated Development (Rapid) project. The deal enables Ar...
Volume: 62Issue: 34Published at Fri, 23 Aug 2019 -
Oman’s First Wind Farm On Test
...ew to achieving commercial operation “in the coming months,” Tanweer tweeted on 8 August. The project was developed by Abu Dhabi’s Masdar, Spain’s TSK and US firm GE, the latter of which supplied the farm’s 13 wind turbines. Financing for the $200mn wind farm was only completed in 2017 after the pr...
Volume: 62Issue: 33Published at Fri, 16 Aug 2019 -
Qalaa Hydrocracker Stake Shrinks
...the plant, built alongside the aging Cairo refinery to upgrade its residual fuel oil output into transport fuels. The ERC plant, whose capital requirement was estimated at $4.3bn at the time of project go-ahead, was first scheduled to start up in early 2017, but construction has been slowed by fu...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Qatar’s Kahramaa Targets Solar
...gust. Full commercial operation is scheduled for first quarter 2022. Qatar originally intended the project’s capacity to be 500MW and envisaged start-up in mid-2020 (MEES, 29 September 2017). However, gas-rich Qatar has been slow to recognize the benefits of solar power, with solar capacity amounting to ju...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Oman Increases Power Subsidies
...artups of the Ibri IPP and Sohar-3 gas-fired powerplants (see MEES, 7 July) will increase the need for subsidy spending, presumably due to higher generation costs being passed onto the consumer. Oman has made a concerted effort to cut its electricity subsidies in recent years following the 2017 Cost Re...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
Eni: New Egypt Output
...ypt oil output is also up, from 72,000 b/d net for 2017 to 77,000 b/d in 2018. Egypt’s overall oil output averaged 640,000 b/d in the first five months of 2019, flat with 2018 levels. The Western Desert accounts for 55% of the total. But output here fell to 353,000 b/d in the first five months of 2019 fr...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
Fujairah Bunkering Stuggles
...opolitics as the UAE’s embargo on Qatar since July 2017 meant it could no longer service Qatari-flagged vessels. As well as to Singapore, Fujairah has been losing trade to its regional rival Sohar in Oman, where plans for LNG bunkering progressed this week (see p2). ...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019