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Egypt Rejoins MENA Nuclear Pursuit, Iran Plans Two New Bushehr Plants
...ild four nuclear power plants worth $22bn at Sinop on the Black Sea coast, according to Japan’s Nikkei business daily. Work on the first of the plants is slated for 2017 with a view to 2023 start-up. Russia’s Rosatom is expected to start construction in mid-2015 of the first of four plants at...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Shale Revolution – Threat To Mideast NGL Exports?
...power generation will continue to rise from a record high of 25.1bn cfd in 2012 to 29bn cfd by 2017. The Shale Revolution has also radically changed the relationship of gas to NGLs, which were traditionally a by-product of gas production. As gas prices softened over the course of 20...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
...bringing on stream are a combined 550,000 b/d addition at the Khurais and Shaybah fields by 2017 (MEES, 15 March). These are the first major upstream expansion announcements for over six years. The increments are a 300,000 b/d expansion at Khurais to 1.5mn b/d and a 250,000 b/d push to 1mn b/d at Sh...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Egypt: Fraying At The Seams
...vestors need long-term stability where they can get the revenues of all the gas produced.” Hostile Locals Delay WND BP’s $10bn, 1bn cfd WND project has itself has been the subject of chronic delays. Germany’s RWE-Dea, BP’s minority partner, on 10 April said that start-up was now slated for 2017...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Algeria: Repsol Find
...cline to put any timeframe on restart. Reggane Delayed, Again Start-up of the $3bn, 2.9 bcm/y, Reggane Nord development, Repsol’s key project in Algeria and lynchpin of the country’s 9 bcm/y-plus Southwest gas project has been put back to 2017. Dirk Warzecha, Operations chief at Germany’s RW...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Abu Dhabi Awards Delayed Oil Boost Contract
...at is pressuring state-owned Abu Dhabi National Oil Company’s (ADNOC) 2017 target of 3.5mn b/d crude production capacity. Abu Dhabi is unlikely to hit it until 2019 at the earliest. ADNOC executes design work relatively efficiently, but then delays awarding engineering, procurement and construction (EP...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Kufpec Looks to Asia-Pacific To Boost Output
...eatstone LNG project in Western Australia. Kufpec owns a 7% stake in the $29bn project. Chubu will receive 1mn tons/year of LNG from the project for a period of up to 20 years starting in 2017. The Wheatstone project will have a liquefaction capacity of 8.9mn t/y upon startup, which is now ex...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
UAE Moves Ahead On $2.39Bn Upstream Drive
...ma-Opco – state owned ADNOC 60%, BP 14.66%, Total 13.34% and Jodco 12% – to add 395,000 b/d of production capacity from offshore fields by 2018, with 100,000 b/d coming from the SARB oilfield in 2017-18. Adma-Opco will start drilling by mid-2014 MEES learns, with three land rigs on two artificial is...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
SEC To Sign Rabigh-2 Power Plant Deal, Concludes $2Bn Sukuk
...e BOO project company equity and SEC will own 50%. The plant is expected to cost $2.5bn and will run on heavy fuel oil provided by SEC. Project completion was initially slated for 2017, but SEC has recently issued a revised IPP program that brings the planned completion date for Rabigh-2 forward to 20...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Baghdad Refocuses Oil Industry Priorities
...schedule is ambitious. “We reckoned on Q3 2018 optimistically. And Q3 2019 realistically,” notes one executive. “2017 is doable. That I don’t deny. The difference between our projection and CH2M Hill’s is down to the time taken to approve contracts. If the Iraqis don’t change, then I can’t see how 2017...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
MENA Refiners Mull New Projects Amid Major Expansion Program
...e at various stages of development in Saudi Arabia, while expansions are under way in the UAE and Oman. Algeria has joined the capacity rush, starting work on the first of four 100,000 b/d refineries due on stream in 2017. Saudi Aramco is nearing completion of the Satorp refinery in Jubail an...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
UAE Makes Progress On Nuclear Plant, Iran’s Bushehr Off-Line
...e being manufactured off-site. The floor and first two levels of the liner have been installed and welded together on site over the past two months. The remaining liner sections will be fabricated and installed over the next 10 months. ENEC said Kepco is on track to start up the Barakah-1 plant in 2017...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Assessing The Impact Of US LNG Exports
...mand through 2016 is already under construction: thus current FID decisions apply to 2017 and beyond. Meanwhile, the surge which Qatar put on the market in 2008-10, when coupled with the recession and the collapse of the US LNG market created a large surplus with severe price competition. One effect of th...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Dolphin Prepares For 1.2Bn CFD Gas Boost
...E sources say. Faced with importing LNG at up to $18/mn BTU, or waiting until 2017 for gas to come from development of Abu Dhabi’s Bab field, or nuclear power to start up, more Qatari pipeline gas – at the price Doha wants – looks like a good deal. Qatar does, however, have another medium-te...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
ADNOC Recommends Shell For 1Bn CFD Bab Gas Field
...ants – one operating and one under construction – with no other plants planned, suggesting that Abu Dhabi has shelved its target of 7% of power to come from renewables by 2020. The 5.6gw of nuclear capacity planned to ramp up between 2017-20 will, however, displace about 840mn cfd of gas de...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Saudi Aramco Eyes 550,000 B/D Expansion
... SAUDI ARABIA Saudi Aramco Eyes 550,000 B/D Expansion State-oil firm Saudi Aramco will add 550,000 b/d of production capacity at its currently-producing Khurais and Shaybah fields by 2017, CEO Khalid al-Falih announced on 5 March. These are the first major up...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
End In Sight For Oman, BP Tight Gas Negotiations
...most one year pushing the projected start up to the second half of 2017. The engineering, procurement and construction (EPC) contracts were originally meant to be tendered in July last year, analyzed in 4Q12 and awarded last month; but disagreements on the key issues have resulted in lengthy delays. BP wa...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Algeria Preparing Tender For Biskra And Tiaret Refineries
...ce-president Abdelkader Benchouia. Addressing reporters on the sidelines of an exhibition in Oran, he said the two “same specification” refinery projects – at Biskra and Tiaret – are part of a $14bn program to build four new refineries, all of which are scheduled to enter service in 2017. Refineries at...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Bahrain Refinery Study Set For June Completion
...stream by 2017 and the last one by 2020.” MEES understands that the cost of the expansion will be $5-9bn, depending on the finalized scope of the project. In January, Bapco appointed HSBC and BNP Paribas to advise the company on the refinery expansion’s financials. Bapco is not cu...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Oman LNG Exit May Leave Qatar As Sole Exporter
...pacity – just enough to meet term contracts. It hopes BP’s tight gas project coming on stream in 2017 will temporarily ease the crisis. Abu Dhabi could end LNG production in March 2019 when a contract expires to sell 4.7mn t/y to Japan’s Tokyo Electric Power Company (TEPCO). By then, the two 1m...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013