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Sipchem-Sahara Merger MoU
...d continued negotiations with a view to signing a merger agreement in the first half of 2014. According to a joint statement “the proposed merger is expected to enhance the [combined] company’s leading position in the local and international petrochemical industry. The combined business is ex...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Egypt’s Gas Crunch: Is A Quick Fix Possible?
...ne 2014. This fiscal burden has prevented it from paying oil and gas producers in full, and IOC receivables stood at over $6.4bn by the third quarter of this year – likely well over given that this figure excludes key producers such as Eni, Shell and Apache (see table, MEES, 15 November). Eg...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Services Firms Bullish On Saudi, Wary Of Iraq Security
...sts, each resulting from delays under Zubair early production facility construction project. This project was approximately 60% complete at the end of Q3 with an anticipated project completion date of Q3 2014.” “As the Zubair contract is accounted for on a percentage of completion basis all known an...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Abu Dhabi Moves Towards Integration Of State Oil Firms
...actors, which will come online from 2017, and by tapping its sour gas reserves. The Shah gas project – a joint venture between ADNOC and US firm Occidental – will deliver 500mn cfd of usable gas once it comes online in 2014. A stake in a second sour gas project at the Bab oilfield was awarded to Shell ea...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
TAQA Turns A Profit
...the full commissioning of both units by early 2014." TAQA - Oil and Gas Output 3Q13 3Q12 North America Crude (‘000 b/d) 17 16...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Majors Look To Cling On To ADCO Stakes
...bid by state-owned ADNOC, their 2% in ADCO translates into 36% of total production. Regardless of these percentages, the stakes are high and the Abu Dhabi authorities are keeping their legacy foreign oil operators on tenterhooks as they consider options ahead of contract expiry in January 2014...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Company Profile: Petroceltic Plots Big League Transformation
...off Stevenson, a veteran of Australian firm BHP’s Ohanet project in Algeria, as Project Director in January. Algiers approved Petroceltic’s development plan in late 2012. The next key project event will be the award of the front end engineering and design (FEED) contracts, anticipated in early 2014...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013 -
BG Takes Further Egypt Hit; BP Upbeat On Drilling Success
...EGYPT BG Takes Further Egypt Hit; BP Upbeat On Drilling Success UK mini-major BG has again downgraded its production forecasts on the back of Egyptian delays, having made a previous major downgrade only seven months ago (MEES, 14 February). For 2014, BG an...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
SEC Head Resigns, Replacement To Come From Aramco
...ecutive of the state utility in October 2006, will step down from his post officially on 1 January 2014. SEC has already lined up his successor – Ziad bin Muhammad al-Shiha, currently Executive Director for Power Systems at state oil firm Saudi Aramco. Mr Barrak instigated a major expansion of ge...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Occidental: Uncertainty Continues Over Middle East Assets
...s really just been exposed to this in detail at one meeting, and so it will take a little while and we want to consult fully with them and weigh all the alternatives for them. But clearly some things are going ahead quickly.” He added he hopes to achieve this before he steps down as CEO in 2014...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Germany’s RWE Faces Challenging Sale Of North African Assets
...oject – slated for 2014 start-up when sanctioned in 2010 – the key focus for 2012 was taken up with trying to find a new location for the onshore gas treatment plant. It now looks likely that the plant will be located 30km to the east from the originally-planned site at Idku [next to the BG-operated Eg...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Analysis: Will New Amir Era Usher In QP Restructuring?
...d-2013/early 2014, Chinese state firm CNOOC and Total are expected to drill their first well in exploration Block BC. Total in May 2011 took a 25% stake in exploration Block BC (MEES, 26 April). Dolphin: Extra Gas to UAE? Until its 540mn cfd Shah gas field ramps up to full output in...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
Korea’s KNOC In Line For ADCO Stake Despite Limited Experience
...e January 2014 renewal of Abu Dhabi’s ADCO onshore oil concession. State firm KNOC stands a decent chance of bagging a minority stake despite a relative lack of upstream experience. Eleven firms have been prequalified by Abu Dhabi’s state oil firm ADNOC for the new membership of the Abu Dh...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Petrofac Wins ADCO Contract
...plemented in phases, with the first new facilities coming onstream in 2014 and end-2015 completion. The Petrofac work per se is intended to maintain pressure rather than increase overall production. However, the results of a massive concurrent CO₂ injection program at Bab are expected in 2016, wh...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Occidental Eyes Sale Of All Mideast Assets
...Nuhayyan. Oxy’s instability looks set to continue with Oxy announcing that Mr Chazen will leave the post of CEO at the end of 2014. It creates a problem for Oxy in the ADCO concession bidding. The SPC members have to decide to which firms they will give stakes in their top producing fields, and th...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Wintershall Qatar Gas Plans
...ploring Qatar. By end-2013/early 2014, Chinese state firm CNOOC and French major Total are expected to drill their first well in exploration Block BC. In Qatar, Total in May 2011 took a 25% stake in exploration Block BC (MEES, 26 April). A potential export option is Abu Dhabi-based Dolphin En...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Saudi Aramco: 2012 Production Rises, Capacity Steady
...oduction. On 15 April, Saudi Aramco began production at its Manifa oil field three months ahead of schedule. Production will rise to 500,000 b/d by July and 900,000 b/d by end 2014, with output replacing mature fields coming offline – allowing Saudi Aramco to maintain its 12mn b/d production capacity. Ac...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
Total Tanks Up In Egypt
...stations by end-2013, and quadruple product sales, including a large aviation fuel component, from 2012’s 226,000 tons to 1mn tons/year by 2014. The UAE, where it has a 200,000 t/y blending plant (and a 7,500 t/y grease plant), anchors Total’s regional lube business. In addition to the Gu...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Total Sees Multi-Billion Dollar Solar Opportunity
...be published in 2014 1 Qatar 16% of the electricity production from renewable energy by 2018. 18000gw announced by Food National Security Program with bid rounds in 2013 1.8 Kuwait 5% of electricity production from renewable by 2020, part of...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Analysis: Aramco’s Overseas Refining And Product Marketing Strategy
...in late 2014. Aramco Trading also sells refined products that Aramco marketing is unable to, due to factors such as lack of storage or a natural disaster sharply cutting demand. Aramco Trading does not sell LPG or crude, which is still done by Aramco marketing, but unlike Aramco ma...
Volume: 56Issue: 18Published at Fri, 03 May 2013