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Alstom, Bemco Target Region With Saudi Generators Plant
...r 2017....
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Egypt’s Gas Crunch: Is A Quick Fix Possible?
...me online in late 2017 at the earliest following repeated delays. “The new oil minister is trying to stimulate investment and [gas] supply, particularly from the Mediterranean. They have some deepwater and shallow water discoveries, [but] it’s pretty much stranded at the moment because of the gas pr...
Volume: 56Issue: 48Published at Fri, 29 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 -
Legal And Operational Challenges Complicate RWE Dea Sale
...ouliline and Sali fields, said Mr Schlichter, with the award anticipated next year. First gas is slated for 2017. RWE Dea holds a 19.5% stake in the concession. Egypt: The Cornerstone The IOC is an active producer in Egypt, the cornerstone of its presence in North Africa. Gas production in the Di...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
QPI To Pull RWE Bid
...%, RWE 20%) deep-water concessions. The project is not scheduled to be online until the end of 2017, following several years of delays. The BP/RWE venture secured a rare pricing scheme from state firm, Egyptian General Petroleum Corporation (EGPC), that will allow for a $4.10/mn BT...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Majors Look To Cling On To ADCO Stakes
...oduction capacity to 1.8mn b/d by 2017 are still on track regardless, he added....
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
GE Expands MENA Presence With Algeria And Saudi Deals
...ant in Algeria, at an estimated cost of $200mn, Algeria’s state news agency APS announced on 23 September. Sonelgaz will hold a 51% stake and GE 49%. Sonelgaz CEO Noureddine Boutarfa told state radio that the plant would become operational in 2017 and would have a capacity to manufacture six to eight tu...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Company Profile: Petroceltic Plots Big League Transformation
...14. Development work is scheduled to commence in 2014 and first gas is planned for the second half of 2017, initially from an estimated 18 vertical wells produced through a new gas processing plant. Plateau wet gas production of 355mn cfd (10mn cmd) is planned for 14 years. An additional 106 de...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013 -
BG Takes Further Egypt Hit; BP Upbeat On Drilling Success
...ated for late 2017 (MEES, 2 August). Egypt ‘Gifted’ Products Imports Meanwhile, EGPC’s newly-appointed chairman Tarek El Molla says half of Egypt’s oil imports are “gifts” from Arab countries. Mr Molla, who recently replaced Tariq al-Barkatawi, told Egyptian daily Almasry Alyoum on 2 Se...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Omani IWPP Sembcorp Salalah Launches $137Mn IPO
...the Salalah region, with a view to 2017 start-up. The company intends to invite proposals for the 400MW Salalah 2 IPP this year (MEES, 26 July)....
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Germany’s RWE Faces Challenging Sale Of North African Assets
...60%, RWE 40%) and West Mediterranean (BP 80%, RWE 20%) deep water concessions. RWE is committed to spending $3.6bn. But the project has been subject to chronic delays. RWE’s latest presentation material indicates that start-up will not be before the end of 2017. Instead of moving forward with the pr...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Oman LNG Posts 10% Revenue Growth For 2012
...ich a price agreement was reached with Muscat last month (MEES, 7 June) – will temporarily ease the crisis when it comes onstream in late 2017/early 2018. In total, 85 cargoes were shipped from the two OLNG trains at Sur in 2012, with the QLNG train contributing a further 46 cargoes. An ad...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Analysis: Will New Amir Era Usher In QP Restructuring?
...ost production capacity – unless the wells give poor results during the production maintenance program. Maersk will determine the goals of the FFDP and take the final investment decision (FID) after it gets approval from QP before mid-2014. Its PSA expires in 2017. US independent Occidental Pe...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
Korea’s KNOC In Line For ADCO Stake Despite Limited Experience
...increase production at the offshore Upper Zakum field from 500,000 b/d to 750,000 b/d. South Korean engineering firms will play a major role in Abu Dhabi’s plans to lift overall oil production to 3.5mn b/d, a target that has slipped to 2020 from 2017. South Korean engineering firms have be...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Qatar’s New Leadership: Impact On QP’s And QIA’s Strategies
...velopment program and take the final investment decision (FID) after it gets approval from QP before mid-2014. Another factor is Maersk’s production sharing agreement expiring in 2017. It is in negotiations with QP, which is offering it tougher terms under a joint venture deal to continue Maersk’s op...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
UAE’s Dana Gas Looks To Move On From Sukuk Troubles
...ior to the new maturity date of 31 October 2017 (MEES, 21 December 2012). The company eased its debt worries during the first quarter by selling about half of its 3% stake in Hungary’s MOL for $135mn. This left the company with a cash balance of $342m at the end of the quarter. Dana says it is...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Qatar Forms $1Bn Power Fund, Buys Congo Stake
...oject with a 53.5% stake – Moho North is expected to come online in 2015 and ramp up to 140,000 b/d by 2017. Based on recent production numbers, QPI’s working interest in Total E&P Congo’s production will be about 16,000 b/d of crude and just under 5mn cfd of gas. Total operates 9 licenses in th...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Total Sees Partnerships, Technology, Exploration Driving Growth
...gionally and globally, in a bid to drive production from 2.3mn boe/d in 2012 to its targeted 3mn boe/d by 2017. The group’s expected Middle East production of around 550,000 boe/d this year is slightly down on 2011’s 570,000 boe/d. Privately officials concede that the region’s operating environment is cu...
Volume: 56Issue: 17Published at Fri, 26 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 -
QP: What’s Next?
...d the structural changes QP itself has undergone, one option for the company is to further develop the downstream domestic market. QP will have completed its planned petrochemical base when the $6.5bn, 15mn tons/year monoethylene glycol plant (QP 80%, Shell 20%) starts up in 2017. It could build mo...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013