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Abu Dhabi To Import 1.2Bn CFD Of LNG, Shah Gas Field Slips
...UAE Abu Dhabi To Import 1.2Bn CFD Of LNG, Shah Gas Field Slips Abu Dhabi’s decision to start importing LNG in 2014-15 will put it into competition with Kuwait and Bahrain for floating regasification and storage units (FRSUs), whose market is tight. Positioning the terminal in Fu...
Volume: 55Issue: 13Published at Mon, 26 Mar 2012 -
BP Begins Production At North Shadwan
...EGYPT/EAST MEDITERRANEAN BP Begins Production At North Shadwan BP has started production from its North Shadwan block in Egypt’s Gulf of Suez. Initial production of 1,000 b/d from the block’s NS 377 field will ramp up to 12,000 by 2014 as two further fields on the block come on st...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
SEC Seeking Developers For Power Plant Based On Fuel Oil
...oviding equipment and start-up is scheduled for June 2014. SEC’s second IPP, a Riyadh gas-fired project, is being developed by GDF Suez, Aljomaih Holding Company of Saudi Arabia and Sojitz Corporation of Japan. Commonly known as PP11, it will generate 1.73gw, with early power expected by May 20...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Korean Group Wins Abu Dhabi Oil Deal As ADCO Concession Nears Expiry
...ports. The concession for the ADCO consortium – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – will expire in January 2014. An international oil company (IOC) official, whose firm plans to compete when the ADCO concession ends, tells MEES about the Korean deal: “I su...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Kuwait’s Jurassic Gas Project Hits More Problems
...oduce 50-60mn cfd of associated gas. Onshore, a project in Wafra field will collect 100mn cfd of associated gas by 2014 to use for in-field power generation. KNPC and KOC have programs to reduce flaring, but do not publish figures. KOC is relying on exploration to find 1bn cfd of non-as...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Australia’s Beach Sees ‘Imminent’ Start to Egyptian Production
...ys initial production from the BP-operated block is “imminent”, with first oil coming from the NS 377 field. Production is set to build to around 12,000 b/d by 2014 as other fields come on stream. Of the block’s discoveries, NS 377 is the nearest to the Sinai coast (see map). Production fr...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Political Comment (5 March 2012)
...id and issued at the meeting of the enemies of Syria in Tunis" and to press ahead with Mr Asad's 26 February referendum on a new constitution, which would allow the president to serve two further seven-year terms when his current term expires in 2014. (According to the government, the constitution wa...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Bahrain Discovers New Crudes As Gas Plans Take Shape
...eds to be reinjected to maintain reservoir pressure. It is envisaged that the increased gas contribution from Tatweer will tide Bahrain over until the proposed LNG import terminal is completed towards the end of 2014 and new gas sources are found on and offshore, said Dr Mirza, noting that NOGA is...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Alnaft Says $1.5Bn Timimoun Project Set For 2014 Start-Up
...ALGERIA Alnaft Says $1.5Bn Timimoun Project Set For 2014 Start-Up Algeria’s Southwest Gas Project appears ready to take a further step forward. Sid Ali Berata, chairman of Algeria’s upstream regulator Alnaft, told the country’s state news agency APS that investment in the Total-led Ti...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
BP Sees North Africa As Key Exploration Area
...t to recover an estimated 5 tcf of gas and associated condensate though the subsea development of five offshore fields into a new onshore gas plant, with first gas anticipated for late 2014 (MEES, 26 July 2010). Algerian investment Of the company’s “key global projects” slated to come on st...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Saudi Aramco And Pertamina Sign MOU For 300,000 B/D Java Refinery
...gineering packages are in the process of getting awarded (MEES, 1 August 2011). But an official green light for a major expansion at Petro Rabigh is still being delayed. A final investment decision (FID) was originally to have been made in late 2010/early 2011, to allow for start-up in 2014. But partner Su...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Neutral Zone Oil Production Capacity To Increase 180,000 B/D By 2019
...afji, which produces 50-60mn cfd, and allow KGOC to implement its 1% flaring policy by 2015. French contractor Technip announced on 14 February it had won the 110km gas and condensate pipeline contract, to be completed by the second half of 2014. The pipeline will also take non-associated gas from Dorra fi...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
Akenerji Awards Turbine/Generator Contract To GE
...atement released on 13 February that the deal includes a 12-year service agreement. The Egemer plant, scheduled to come into commercial operation in the third quarter of 2014, will generate 900mw, enough to meet 2.6% of Turkey’s current electricity requirements. The plant will add an incremental 1.6% to Tu...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
DEPA Looks To Link East Mediterranean Gas Discoveries With Greek Grid
...r Azerbaijan’s Shah Deniz Stage 2 gas – and also through the Interconnector Greece-Bulgaria (IGB) gas pipeline project, a 170km gas line that may be ready for operation by early 2014. While the ITGI is designed to send gas westward into Italy, the IGB is to move gas into the Balkans. The discoveries of...
Volume: 55Issue: 07Published at Mon, 13 Feb 2012 -
IMF: Economic Outlook For Qatar Favorable Despite External Risks
...owth is expected to be driven primarily by manufacturing, financial services, trade and hotels. Real hydrocarbon GDP growth however is projected to slow to 3% as LNG production remains constant on account of Qatar’s self-imposed moratorium on the development of new North Field projects until 2014 (ME...
Volume: 55Issue: 07Published at Mon, 13 Feb 2012 -
Reggane Nord Green Light Paves Way For Algeria Gas Mega-Development
...mel. It is not clear how the delays will impact project timing, but clearly the pipeline construction schedule will be a critical factor. Back in 2009, first gas from Timimoun and Touat was expected in 2013, with Reggane Nord projected to start production in 2014. The delay might allow phase two in...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
North-South Row Set To Continue As African Union Plan Is Rejected
...e end of 2014. These figures are still up for discussion, however, with an exact figure expected within the next 30 days. “The AU has lost sight of the principle of mutual economic viability,” South Sudan’s chief negotiator Pagan Amum was quoted as saying. “We could not sign; they were stealing th...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Iranian Crude Output Continues To Fall, Hurt By Sanctions
...d 2014 "Many challenges". Chinese, Japanese and Indonesian firms working on it Yaran Arvandan Oil & Gas Co. 300 0 30000 30000 en...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
KOTC Planning Expansion Of Fleet With Purchase of Nine Tankers
...d four petroleum products tankers, respectively. Construction work on the vessels is expected to be completed by 2014. “With this move, KOTC will realize its strategic goal set in coordination with the Kuwait Petroleum Corporation (KPC) to enhance the KOTC fleet to include 33 tankers,” Mr Bo...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
IMF Marks Down Global Growth, But Keeps MENA Forecast Unchanged
...st week, the US Federal Reserve said it sees low interest rates until at least late 2014 – its previous forecast had said that rates were to remain the same until the middle of 2013. IMF Director Christine Lagarde has called for its member countries to provide a further $500bn to allow it to meet an...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012