SlideShare a Scribd company logo
1 of 22
Download to read offline
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 1
NewBase Energy News 21 May 2022 No. 1515 Senior Editor Eng. Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
U.A.E: Adnoc makes new oil discoveries at Bu Hasa, Onshore
Block 3 and Al Dhafra
The National - Fareed Rahman +NewBase
Abu Dhabi National Oil Company has made new oil discoveries at Bu Hasa, the emirate’s biggest
onshore field, as well as at the onshore Block 3 and Al Dhafra Petroleum Concession. Bu Hasa,
which has a crude oil production capacity of 650,000 bpd, is part of the Adnoc Onshore Concession
and is operated by Adnoc Onshore.
“The 500 million barrels of oil discovered from an exploration well in the Bu Hasa field has unlocked
a new formation within the field, offering substantial additional premium-grade Murban oil
resources,” Adnoc said in a statement on Thursday.
In Abu Dhabi’s Onshore Block 3, operated by US oil company Occidental, about 100 million barrels
of oil were discovered, marking the second oil find in this concession. Occidental was awarded the
exploration rights for Onshore Block 3 in early 2019.
About 50 million barrels of light and sweet Murban-quality crude was also discovered in Al Dhafra
Petroleum Concession, operated by Al Dhafra Petroleum, a joint venture between Adnoc, the Korea
National Oil Company and GS Energy, the state-owned oil company said.
Sheikh Khaled bin Mohamed, member of the Abu Dhabi Executive Council and chairman of the Abu
Dhabi Executive Office, commended the company’s expanded approach to strategic partnerships
that led to new discoveries of oil in the emirate. Sheikh Khaled led a meeting of the executive
committee of Adnoc’s board of directors and noted that the company and its partners would ensure
that the UAE remains a reliable supplier of some of the least carbon-intensive oil in the world for
decades to come.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 2
The state oil producer also plans to significantly increase its investment in hydrocarbons and will
raise its output capacity to five million bpd by 2030. It has awarded a number of contracts to different
companies to increase its production.
Last year, Adnoc's board approved plans to spend Dh466 billion ($126.8bn) between 2022 and
2026 to expand its upstream production capacity and downstream portfolio, as well as its low-carbon
fuels business and clean energy ambitions.
It also revealed a “significant” increase in national reserves of four billion stock-tank barrels (STB)
of oil and 16 trillion standard cubic feet of natural gas. These additional reserves increase the UAE’s
hydrocarbon reserves base to 111 billion barrels of oil and 289 trillion standard cubic feet of natural
gas, Adnoc said.
Sheikh Khaled also praised Adnoc’s role in strengthening the UAE capital markets through its
intention to float 10 per cent of Borouge on the Abu Dhabi Securities Exchange (ADX).
Borouge, a joint venture between Andoc and Austrian chemicals producer Borealis, announced its
intention to list on the ADX this week. Adnoc will own 54 per cent of the company, while Borealis
will own 36 per cent following the listing.
Sheikh Khaled directed Adnoc to explore new clean energy partnerships, including clean hydrogen,
and to help support the energy transition. Adnoc plans to establish a “hydrogen ecosystem” as it
aims to meet the growing global demand for the lighter and cleaner gas that is being developed as
an alternative to fossil fuels.
The company is also joining Taqa and Mubadala Investment Company to become shareholders in
Masdar, in a move that will help increase the clean energy company's renewable power capacity to
more than 50 gigawatts by 2030.
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Adnoc managing director
and group chief executive; Suhail Al Mazrouei, Minister of Energy and Infrastructure; and Ahmed Al
Sayegh, Minister of State, attended the meeting.
Khaldoon Al Mubarak, managing director and group chief executive of Mubadala Investment
Company, and Jassem Al Zaabi, chairman of the Abu Dhabi Department of Finance, were also
present.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 3
U.A.E: 6 major projects Dubai is undertaking to transform how
residents live in the future …. khaleejtimes + NEwBAse
When launching the Dubai 2040 Urban Master Plan, His Highness Sheikh Mohammed bin Rashid
Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced plans
to make Dubai the ideal city for urban living by providing world-class facilities.
According to the plan, the number of Dubai residents is expected to reach 5.8 million by 2040, while
the daytime population is set to increase to 7.8 million in 2040.
Saeed Mohammed Al Tayer, CEO and managing director of Dubai Electricity and Water Authority
(Dewa), said the company is guided by the vision and directives of Sheikh Mohammed to keep pace
with Dubai's ambitious urban plans.
"We do that through planning that is based on the latest future-shaping tools," he said. "Electricity
and water infrastructure expansion plans are based on demand expectations until 2030, considering
the demographic and economic growth in the emirate."
Here are six projects the emirate is undertaking to change the way residents will live in the
future:
1- Largest single-site natural gas power generation facility in the world
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 4
Dewa's Jebel Ali Power and Desalination Complex is one of the key pillars to provide Dubai with
high-quality, efficient and reliable electricity and water services.
The complex has been confirmed by Guinness World Records as the largest single-site natural gas
power generation facility in the world at a capacity of 9,547 MW. The complex comprises two main
plants for power generation and water desalination. Plant-1, with a production capacity of 2,761
MW, consists of stations D, E, and G. Plant-2, with a production capacity of 6,786 MW, consists of
stations K, L, and M.
2. Mohammed bin Rashid Al Maktoum Solar Park
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 5
The Mohammed bin Rashid Al Maktoum Solar Park, which Dewa is implementing, is the largest
single-site solar park in the world, using the Independent Power Producer (IPP) model. It will have
a production capacity of 5,000MW by 2030 with a total investment of Dh50 billion.
Upon its completion, the Solar Park will reduce more than 6.5 million tonnes of carbon emissions
annually. The current capacity at the Solar Park is 1,527MW using solar photovoltaic panels. Dewa
is implementing more projects with a total capacity of 1,333MW using solar photovoltaic and
Concentrated Solar Power (CSP). The clean energy share is currently around 11.4 per cent of
Dubai’s energy mix and is expected to reach 14 per cent by the end of 2022.
3. Hydroelectric power plant in Hatta
Dewa is currently building a 250MW pumped-storage hydroelectric power plant in Hatta. The plant’s
production capacity is set to reach 250 megawatts with a storage capacity of 1,500 megawatt-hours
and a lifespan of up to 80 years.
This is the first of its kind in the Gulf region, with investments of around Dh1.421 billion. Turbines
operated by the speed of the waterfall from an upper reservoir through a 1,200-meter water tunnel
will be used to generate electricity, with high efficiency in power generation and storage of up to
78.9 per cent and with a 90-second response to demand for electricity.
4. Smart Grid
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 6
The Smart Grid is a key component of Dewa's strategy to develop an advanced infrastructure to
support the Smart Dubai initiative. The Smart Grid features programmes with investments of Dh7
billion up that are completed in the short, medium, and long-term until 2035.
5. The Green Charger for electric vehicles
Through the ‘Green Charger’ initiative, Dewa currently provides more than 325 charging stations for
electric vehicles across Dubai. It is working to increase this number to reach over 1,000 stations by
2025.
6. Digital Dewa
Dewa is shaping a new digital future for Dubai through Digital Dewa, its digital arm. Through this
initiative, Dewa aims to become the world’s first digital utility to use autonomous systems for
renewable energy and storage, while expanding AI and digital services.
Digital Dewa is based on four pillars to provide a new experience for utilities worldwide. The first
pillar is launching advanced solar power technologies. The second deploys a renewable energy grid
with innovative energy storage technologies. The third is expanding integrated AI solutions to make
Dubai the first city to provide AI-based
electricity and water services. The fourth
pillar includes obtaining the highest-
possible benefits from the connected
technologies enabling 24/7 world-class
services delivery for Dubai, improving
UAE’s digital capabilities to develop
smart cities, and providing innovative
state-of-the-art solutions.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 7
China Spent Over $6 Billion on Russian Energy Imports in April
Bloomberg + NewBase
China kept buying more energy from Russia, with purchases of oil, gas and coal jumping 75% in
April to over $6 billion, even as domestic demand slowed due to a resurgent virus and the US and
Europe moved away from purchases.
Imports of Russian liquefied natural gas surged 80% from a year earlier to 463,000 tons, according
to Chinese customs data on Friday. That’s despite China’s total imports of the super-chilled fuel
dropping by more than a third as lockdowns and other restrictions on industrial activity choked
demand.
Crude imports, meanwhile, rose 4% on the year to 6.55 million tons, with Russia again behind only
Saudi Arabia as China’s main source of oil.
The surge in prices that accompanied Russia’s invasion of Ukraine boosted the value of China’s
purchases of mineral fuels, including coal, to $6.42 billion. It means that 72% of China’s total imports
in April from its strategic partner were energy-related.
The volume figures for gas don’t include pipeline imports, which haven’t been reported since the
start of the year, but the Power of Siberia link is a major conduit of the fuel to China.
Moreover, Beijing is in discussions with Moscow to replenish its strategic crude stockpiles with
cheaper Russian oil, a sign that energy ties between the two are only likely to strengthen as Russia’s
westward markets wither due to the war in Ukraine.
Other highlights of commodities trade between China and Russia in April:
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 8
 Coal imports fell 14% on-year to 3.82 million tons as Covid restrictions, milder
weather and elevated domestic output reduced demand for the thermal variety
 But coking coal for the steel industry rose for a third month to 1.71
million tons, more than double last year’s level, after mills bought more
on the prospect of enhanced government spending
 Refined copper imports fell 39% to 18,871 tons
 Refined nickel imports rose almost threefold to 1,738 tons
 Aluminum imports rose almost half to 31,218 tons
 Palladium imports were zero
 Wheat imports dropped 81% to 2,990 tons
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 9
U.S EIA expects solar and wind to be larger sources of U.S.
electricity generation this summer : U.S. EIA, Short-Term Energy Outlook
In our Summer Electricity Outlook, a supplement to our May 2022 Short-Term Energy Outlook, we
expect the largest increases in U.S. electric power sector generation this summer will come from
renewable energy sources.
These increases are the result of new capacity additions. We forecast utility-scale solar generation
between June and August 2022 will grow by 10 million megawatthours (MWh) compared with the
same period last summer, and wind generation will grow by 8 million MWh.
Forecast generation from coal and natural gas declines by 26 million MWh this summer, although
natural gas generation could increase in some electricity markets where coal supplies are
constrained.
Wind and solar power electric-generating capacity has been growing steadily in recent years. By
the start of June, we estimate the U.S. electric power sector will have 65 gigawatts (GW) of utility-
scale solar-generating capacity, a 31% increase in solar capacity since June 2021.
Almost one-third of this new solar capacity will be built in the Texas electricity market. The electric
power sector will also have an estimated 138 GW of wind capacity online this June, which is a 12%
increase from last June.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 10
Along with growth in renewables capacity, we expect that an additional 6 GW of new natural gas
combined-cycle generating capacity will come online by June 2022, an increase of 2% from last
summer. Despite this increase in capacity, we expect natural gas-fired electricity generation at the
national level will be slightly (1.3%) lower than last summer.
We forecast the price of natural gas delivered to electric generators will average nearly $9 per million
British thermal units between June and August 2022, which would be more than double the average
price last summer. The higher expected prices and growth in renewable generation will likely lead
to less natural gas-fired generation in some regions of the country.
In contrast to renewables and natural gas, the electricity industry has been steadily retiring coal-
fired power plants over the past decade. Between June 2021 and June 2022, the electric power
sector will have retired 6 GW (2%) of U.S. coal-fired generating capacity.
In previous years, higher natural gas prices would have resulted in more coal-fired electricity
generation. However, coal-fired power plants have been limited in their ability to replenish their
historically low inventories in recent months as a result of mine closures, rail capacity constraints,
and labor market tightness.
These coal supply constraints, along with continued retirement of generating capacity, contribute to
our forecast that U.S. coal-fired generation will decline by 20 million MWh (7%) this summer. In
some regions of the country, these coal supply constraints may lead to increased natural gas-fired
electricity generation despite higher natural gas prices.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 11
U.S imports of Latam oil soar as refiners replace Russian barrels
Reuters NewBase
U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America
in April, the highest in seven months according to U.S. Customs data, as buyers began replacing
Russian supplies.
The United States in March banned imports of Russian crude and refined products over its invasion
of Ukraine, setting April 22 as end date for purchases. Treasury Secretary Janet Yellen urged
companies to adopt "friend-shoring" supply networks, or buying from trusted countries.
Russia supplied about 135,000 bpd, or 5.5% of total U.S. crude imports last year, and 155,350 bpd,
or 29%, of fuel oil imports, according to Customs data on Refinitiv Eikon. Russian crude imports
touched a record high in 2021 after hurricanes disrupted production, data from Energy Information
Administration.
Imports of fuel oil from Latin America averaged some 200,000 bpd in March and April,
49% higher than in the previous 12 months. Mexico's share of U.S. fuel oil imports
climbed to about 27% in March and April, from 19% a year earlier, the data showed.
About 15 vessels discharged 159,000 bpd of Mexican fuel oil in Louisiana, California,
Texas and Florida, supplying Exxon Mobil Corp (XOM.N), Chevron Corp (CVX.N) and
Marathon Petroleum Corp(MPC.N), among others.
"The really interesting storyline has been Mexico's ability to capture market share from
Russia," said energy strategist Clay Seigle. "The U.S. market for Russian fuel oil has
been permanently destroyed."
LatAm Oil = Latin America Oil
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 12
U.S. imports of Latin American crude also climbed in April, to 1.34 million bpd, its highest in six
months. Purchases from Argentina rose to a four-year high while imports from Colombia reaching
their highest since September 2020.
Cargoes of Argentina's light sweet Medanito arrived at Valero Energy Corp's (VLO.N) Benicia
refinery in California and Phillips 66's (PSX.N) Ferndale refinery in Washington. About 1 million
barrels of Argentina's medium Escalante crude also discharged at Par Hawaii Refining's Honolulu
plant.
Par Hawaii President Eric Wright said oil from North and South America was meeting Hawaii's crude
processing requirements. Historically, the company had sourced 20%-25% of its oil from Russia.
About 1.8 million barrels of Colombian oil were supplied to processors, including PBF Energy
Inc's (PBF.N) Delaware City and Valero's St Charles refineries.
Colombia last week said it could increase oil exports to the United States by about 40,000 bpd by
year-end.
Marathon, Exxon and Phillips 66 declined to comment. Chevron, Valero and PBF did not respond
to a comment request. Valero and PBF last month said they would ramp up imports from Latin
America as they warned of a shortage of feedstocks.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 13
NewBase May 21 -2022 Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Oil settles up as supply risks outweigh economic worries
Reuters + NewBase
Summary points:
 WTI open interest falls to lowest since July 2016 for second day
 Shanghai still expected to end some COVID curbs on June 1
 EU hopes to clinch a deal on a proposed ban of Russian crude
 U.S. oil/natgas rig count rises for 9th week - Baker Hughes
Oil prices settled slightly higher on Friday as a planned European Union ban on Russian oil and
easing of COVID-19 lockdowns in China countered concerns that slowing economic growth will hurt
demand.
Brent futures for July delivery rose 51 cents, or 0.5%, to $112.55 a barrel. U.S. West Texas
Intermediate (WTI) crude for June rose $1.02, or 0.9%, to settle at $113.23 on its on its last day as
the front-month.
Oil price special
coverage
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 14
WTI notched its fourth straight week of gains, which it last did in mid-February. Brent gained about
1% this week after falling about 1% last week.
The more actively-traded WTI contract for July was up about 0.4% to $110.28 a barrel.
"The risks remain tilted to the upside ... given the Chinese reopening and continued efforts towards
a Russian oil embargo by the EU," said Craig Erlam, a senior market analyst at OANDA.
In China, Shanghai did not signal any change to its planned end of a prolonged city-wide lockdown
on June 1 even though the city announced its first new COVID-19 cases outside quarantined areas
in five days. read more
The energy market expects the lifting of some coronavirus restrictions in Shanghai to boost energy
demand. China is the world's top crude importer. The EU is hoping to clinch a deal on a proposed
ban of Russian crude imports which includes carve-outs for member states most dependent on
Russian oil, such as Hungary. read more
"Odds of an EU embargo being declared sooner rather than later increased in the wake of
Germany's success in cutting Russian oil imports by more than half in a very short period,"
consultancy BCA research said in a note.
German big business is drafting a plan to use an auction system to help ration available supplies in
the event Russia cuts off its gas, although some fear it could punish smaller firms. read more
In the United States, U.S. energy firms this week added oil and natural gas rigs for a ninth week in
a row, according to the Baker Hughes rig count, as mostly small producers respond to high prices
and prodding by the government to ramp up output. read more
The rig count is an indicator of future output growth.
Americans continued to get behind the wheel even though gasoline prices at the pump keep hitting
record highs. Auto club AAA said national average regular unleaded gasoline prices hit a record
$4.59 per gallon on Friday. read more
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 15
In India, crude oil imports in April were the highest in 3-1/2 years as the world's third biggest oil
importer and consumer ramped up discounted Russian oil purchases to fuel demand recovery and
fight high prices. In Norway, crude output in April missed official forecast by 10.6%, while its gas
production was in line with expectations.
Additional reporting by Noah Browning in London and Sonali Paul in Melbourne; Editing by
Marguerita Choy, Susan Fenton and David Gregorio.
NewBase Special Coverage
The Energy world –May -01 -2022
CLEAN ENERGY
US: Permian Delaware output to hit record in 2022, driven by
private operators and soaring demand - Rystad Energy
Total hydrocarbon production in the Permian Delaware Basin, the top-producing play in the
Permian, will hit a record 5.7 million barrels of oil equivalent per day (boepd) average in 2022,
according to Rystad Energy research.
Spurred on by high oil prices and appealing well economics, total production is set to grow by around
990,000 boepd, almost half of which – 433,000 boepd – is new oil production.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 16
Investments in the basin are also expected to jump, surging more than 40% from 2021 levels to
reach $25.7 billion this year. A significant contributor to this growth is the majors – ExxonMobil,
Chevron, BP and ConocoPhillips – who last year cut Permian Delaware investments by 33% vs.
2020.
This year, the majors are expected to raise investments in the basin by 60%, bringing their total to
$7.4 billion. Private operators’ share is also set to balloon in 2022, rising 50% from $5.8 billion in
2021 to nearly $9 billion in 2022.
Cost inflation on the services side, which is expected to range between 10% and 15% this year, is
also a contributor to the higher spend levels.
The operator-specific findings are based on Rystad Energy’s research of a peer group of 61
operators in the basin. The forecasts are based on a scenario in which West Texas Intermediate
(WTI) oil futures averages $106 per barrel in 2022 before dropping to $70 per barrel next year and
to $50 per barrel towards 2025.
'The Permian Delaware has emerged as the top oil-producing play in the US shale patch, outpacing
growth in other oil-rich regions. With oil prices expected to remain elevated, 2022 promises to be
another outstanding year for production growth in the region,' says Veronika Meyer, Rystad Energy
vice president.
Private operators will be a significant driver of the record growth as they have reacted quickly to the
elevated market, increasing activity and output. Private companies more than doubled their
collective rig count in the basin, from 30 to 73 in a little over a year, between January 2021 to April
2022.
Private players are also less focused than their public counterparts on well optimization and
environmental objectives – such as cutting flaring levels – which have emerged as significant play-
level trends in recent years.
This production growth may seem like a reaction to the US government’s call for increased supply,
but most of the drilling and capital expansion was already guided by the companies at the end of
2021, before Russia’s invasion of Ukraine.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 17
Public operators have been reluctant to chase higher production growth and remain focused on
capital discipline in the face of cost inflation and labor and equipment shortages.
Private operators are contributing significantly to drilling activity in the play. The total number of
spudded wells increased by 33% last year, with private operators making up 46% of the total.
The well count is estimated to grow by another 32% in 2022 and, based on current activity levels,
private players are likely to contribute about 43% this year.
However, their contribution is expected to decrease towards 2030 as many of these companies hold
relatively small acreage positions and, consequently, may start to run out of locations at the current
pace of activity.
Majors, driven primarily by ExxonMobil in particular, are also actively increasing their drilling efforts
in 2022. This peer group is expected to increase drilling by 60% this year and contribute about 20%
of total activity in the play, up from 17% last year.
The lay of the land
The Permian Delaware play extends across Lea and Eddy counties in southeastern New Mexico
and into counties in western Texas. Acreage in the Delaware West sub-basin, including Culberson
and western Reeves counties, tends to have higher gas content.
Estimated ultimate recovery (EUR) rates – the volume of hydrocarbons potentially recoverable in a
given reserve or well – can be relatively high in this region, which helps explain a temporary shift in
activity from several producers towards gassier areas in 2020, when oil prices were at their nadir.
While acreage in Texas and New Mexico is being actively developed, New Mexico has gained
momentum over the last couple of years, with companies that hold acreage in the state rapidly
increasing activity.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 18
Activity in the basin before 2014 was primarily dominated by vertical drilling, but the share of
horizontal drilling has since picked up rapidly, fueling the growth. Production additions in 2019
reached nearly 1.2 million boepd year-over-year.
Even when the Covid-19 pandemic battered the shale industry, the Permian Delaware delivered
between 300,000 and 400,000 boepd in growth in 2020 and 2021.
However, the play’s production dynamics have changed since the pre-Covid-19 era. The majors
largely dominated the growth trend before 2020 – ExxonMobil, Chevron and BP – and other public
companies that focused on meeting their aggressive production growth targets and investing cash
flow.
This time around, public players are maintaining capital discipline, and prioritizing returns to
shareholders while keeping reinvestment rates at between 30% and 40%. High oil prices have
incentivized several large producers such as EOG Resources and Occidental Petroleum to increase
activity further from last year’s fourth quarter and still deliver on their reinvestment objectives.
Even so, it is the private operators that have stepped up the game since the beginning of last year,
responding quickly to higher oil prices. Mewbourne Oil Company, which is focused on developing
acreage in New Mexico, is now running 16 rigs in the Delaware, second only to EOG, while Tap
Rock Resources made it to the top five drillers with a stable seven rig count in the play.
NewBase Energy News 21 May 2022 - Issue No. 1515 call on +971504822502, UAE
The Editor:” Khaled Al Awadi” Your partner in Energy Services
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 19
NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE.
For additional free subscriptions, please email us.
About: Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
www.linkedin.com/in/khaled-al-awadi-38b995b
Mobile: +971504822502
khdmohd@hawkenergy.net or khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas
sector. Has Mechanical Engineering BSc. & MSc. Degrees from leading U.S.
Universities. Currently working as self leading external Energy consultant for the GCC
area via many leading Energy Services companies. Khaled is the Founder of the
NewBase Energy news articles issues, Khaled is an international consultant, advisor,
ecopreneur and journalist with expertise in Gas & Oil pipeline Networks, waste
management, waste-to-energy, renewable energy, environment protection and
sustainable development. His geographical areas of focus include Middle East, Africa
and Asia. Khaled has successfully accomplished a wide range of projects in the areas
of Gas & Oil with extensive works on Gas Pipeline Network Facilities & gas compressor
stations. Executed projects in the designing & constructing of gas pipelines, gas
metering & regulating stations and in the engineering of gas/oil supply routes. Has drafted
& finalized many contracts/agreements in products sale, transportation, operation & maintenance
agreements. Along with many MOUs & JVs for organizations & governments authorities. Currently dealing
for biomass energy, biogas, waste-to-energy, recycling and waste management. He has participated in
numerous conferences and workshops as chairman, session chair, keynote speaker and panelist. Khaled is
the Editor-in-Chief of NewBase Energy News and is a professional environmental writer with over 1400
popular articles to his credit. He is proactively engaged in creating mass awareness on renewable energy,
waste management, plant Automation IA and environmental sustainability in different parts of the world.
Khaled has become a reference for many of the Oil & Gas Conferences and for many Energy program
broadcasted internationally, via GCC leading satellite Channels. Khaled can be reached at any time, see
contact details above.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 20
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 21
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 22

More Related Content

Similar to NewBase May 21 -2022 Energy News issue - 1515 by Khaled Al Awadi.pdf

New base january 20 2022 energy news issue - 1480 by khaled al awadi (autor...
New base january 20 2022  energy news issue - 1480  by khaled al awadi (autor...New base january 20 2022  energy news issue - 1480  by khaled al awadi (autor...
New base january 20 2022 energy news issue - 1480 by khaled al awadi (autor...Khaled Al Awadi
 
New base 27 october 2020 energy news issue 1384 k alawadhi
New base 27 october 2020 energy news issue  1384 k alawadhiNew base 27 october 2020 energy news issue  1384 k alawadhi
New base 27 october 2020 energy news issue 1384 k alawadhiKhaled Al Awadi
 
New base energy news 30 april 2020 issue no. 1333 senior editor eng. khale...
New base energy news  30 april 2020   issue no. 1333 senior editor eng. khale...New base energy news  30 april 2020   issue no. 1333 senior editor eng. khale...
New base energy news 30 april 2020 issue no. 1333 senior editor eng. khale...Khaled Al Awadi
 
NewBase 17 June-2023 Energy News issue - 1630 by Khaled Al Awadi 2.pdf
NewBase 17 June-2023  Energy News issue - 1630 by Khaled Al Awadi 2.pdfNewBase 17 June-2023  Energy News issue - 1630 by Khaled Al Awadi 2.pdf
NewBase 17 June-2023 Energy News issue - 1630 by Khaled Al Awadi 2.pdfKhaled Al Awadi
 
New base energy news issue 944 dated 06 november 2016
New base energy news issue  944 dated 06 november 2016New base energy news issue  944 dated 06 november 2016
New base energy news issue 944 dated 06 november 2016Khaled Al Awadi
 
NewBase 29 January 2024 Energy News issue - 1694 by Khaled Al Awadi_compres...
NewBase  29 January 2024  Energy News issue - 1694 by Khaled Al Awadi_compres...NewBase  29 January 2024  Energy News issue - 1694 by Khaled Al Awadi_compres...
NewBase 29 January 2024 Energy News issue - 1694 by Khaled Al Awadi_compres...Khaled Al Awadi
 
NewBase 09 October 2023 Energy News issue - 1663 by Khaled Al Awadi_compres...
NewBase  09 October 2023  Energy News issue - 1663 by Khaled Al Awadi_compres...NewBase  09 October 2023  Energy News issue - 1663 by Khaled Al Awadi_compres...
NewBase 09 October 2023 Energy News issue - 1663 by Khaled Al Awadi_compres...Khaled Al Awadi
 
New base february 07 2022 energy news issue - 1485 by khaled al awadi
New base february 07 2022  energy news issue - 1485  by khaled al awadiNew base february 07 2022  energy news issue - 1485  by khaled al awadi
New base february 07 2022 energy news issue - 1485 by khaled al awadiKhaled Al Awadi
 
New base 04 june 2021 energy news issue 1435 by khaled al awadi
New base 04 june 2021 energy news issue   1435  by khaled al awadiNew base 04 june 2021 energy news issue   1435  by khaled al awadi
New base 04 june 2021 energy news issue 1435 by khaled al awadiKhaled Al Awadi
 
New base energy news 23 august 2020 - issue no. 1366, senior editor eng. k...
New base energy news 23 august   2020 - issue no. 1366,  senior editor eng. k...New base energy news 23 august   2020 - issue no. 1366,  senior editor eng. k...
New base energy news 23 august 2020 - issue no. 1366, senior editor eng. k...Khaled Al Awadi
 
New base 27 october 2019 energy news issue 1289 by khaled al awadi (1)-com...
New base 27 october 2019 energy news issue   1289  by khaled al awadi (1)-com...New base 27 october 2019 energy news issue   1289  by khaled al awadi (1)-com...
New base 27 october 2019 energy news issue 1289 by khaled al awadi (1)-com...Khaled Al Awadi
 
New base 26 december 2017 energy news issue 1119 by khaled al awadi
New base 26 december  2017 energy news issue   1119  by khaled al awadiNew base 26 december  2017 energy news issue   1119  by khaled al awadi
New base 26 december 2017 energy news issue 1119 by khaled al awadiKhaled Al Awadi
 
New base 30 november 2021 energy news issue 1472 by khaled al awadi
New base  30 november  2021 energy news issue   1472  by khaled al awadiNew base  30 november  2021 energy news issue   1472  by khaled al awadi
New base 30 november 2021 energy news issue 1472 by khaled al awadiKhaled Al Awadi
 
New base 767 special 18 january 2016 r3
New base 767 special 18 january 2016 r3New base 767 special 18 january 2016 r3
New base 767 special 18 january 2016 r3Khaled Al Awadi
 
New base 588 special 22 April 2015
New base 588 special  22 April  2015New base 588 special  22 April  2015
New base 588 special 22 April 2015Khaled Al Awadi
 
New base energy news 29 july 2020 issue no. 1359 by senior editor khaled ...
New base energy news  29 july 2020   issue no. 1359  by senior editor khaled ...New base energy news  29 july 2020   issue no. 1359  by senior editor khaled ...
New base energy news 29 july 2020 issue no. 1359 by senior editor khaled ...Khaled Al Awadi
 
New base january 31 2022 energy news issue - 1483 by khaled al awadi
New base january 31 2022  energy news issue - 1483  by khaled al awadiNew base january 31 2022  energy news issue - 1483  by khaled al awadi
New base january 31 2022 energy news issue - 1483 by khaled al awadiKhaled Al Awadi
 
New base 10 may 2018 energy news issue 1169 by khaled al awadi
New base 10 may 2018 energy news issue   1169  by khaled al awadi New base 10 may 2018 energy news issue   1169  by khaled al awadi
New base 10 may 2018 energy news issue 1169 by khaled al awadi Khaled Al Awadi
 
NewBase 629 special 18 June 2015
NewBase 629 special 18 June 2015NewBase 629 special 18 June 2015
NewBase 629 special 18 June 2015Khaled Al Awadi
 
NewBase 21-September -2022 Energy News issue - 1551 by Khaled Al Awadi_comp...
NewBase 21-September -2022  Energy News issue - 1551  by Khaled Al Awadi_comp...NewBase 21-September -2022  Energy News issue - 1551  by Khaled Al Awadi_comp...
NewBase 21-September -2022 Energy News issue - 1551 by Khaled Al Awadi_comp...Khaled Al Awadi
 

Similar to NewBase May 21 -2022 Energy News issue - 1515 by Khaled Al Awadi.pdf (20)

New base january 20 2022 energy news issue - 1480 by khaled al awadi (autor...
New base january 20 2022  energy news issue - 1480  by khaled al awadi (autor...New base january 20 2022  energy news issue - 1480  by khaled al awadi (autor...
New base january 20 2022 energy news issue - 1480 by khaled al awadi (autor...
 
New base 27 october 2020 energy news issue 1384 k alawadhi
New base 27 october 2020 energy news issue  1384 k alawadhiNew base 27 october 2020 energy news issue  1384 k alawadhi
New base 27 october 2020 energy news issue 1384 k alawadhi
 
New base energy news 30 april 2020 issue no. 1333 senior editor eng. khale...
New base energy news  30 april 2020   issue no. 1333 senior editor eng. khale...New base energy news  30 april 2020   issue no. 1333 senior editor eng. khale...
New base energy news 30 april 2020 issue no. 1333 senior editor eng. khale...
 
NewBase 17 June-2023 Energy News issue - 1630 by Khaled Al Awadi 2.pdf
NewBase 17 June-2023  Energy News issue - 1630 by Khaled Al Awadi 2.pdfNewBase 17 June-2023  Energy News issue - 1630 by Khaled Al Awadi 2.pdf
NewBase 17 June-2023 Energy News issue - 1630 by Khaled Al Awadi 2.pdf
 
New base energy news issue 944 dated 06 november 2016
New base energy news issue  944 dated 06 november 2016New base energy news issue  944 dated 06 november 2016
New base energy news issue 944 dated 06 november 2016
 
NewBase 29 January 2024 Energy News issue - 1694 by Khaled Al Awadi_compres...
NewBase  29 January 2024  Energy News issue - 1694 by Khaled Al Awadi_compres...NewBase  29 January 2024  Energy News issue - 1694 by Khaled Al Awadi_compres...
NewBase 29 January 2024 Energy News issue - 1694 by Khaled Al Awadi_compres...
 
NewBase 09 October 2023 Energy News issue - 1663 by Khaled Al Awadi_compres...
NewBase  09 October 2023  Energy News issue - 1663 by Khaled Al Awadi_compres...NewBase  09 October 2023  Energy News issue - 1663 by Khaled Al Awadi_compres...
NewBase 09 October 2023 Energy News issue - 1663 by Khaled Al Awadi_compres...
 
New base february 07 2022 energy news issue - 1485 by khaled al awadi
New base february 07 2022  energy news issue - 1485  by khaled al awadiNew base february 07 2022  energy news issue - 1485  by khaled al awadi
New base february 07 2022 energy news issue - 1485 by khaled al awadi
 
New base 04 june 2021 energy news issue 1435 by khaled al awadi
New base 04 june 2021 energy news issue   1435  by khaled al awadiNew base 04 june 2021 energy news issue   1435  by khaled al awadi
New base 04 june 2021 energy news issue 1435 by khaled al awadi
 
New base energy news 23 august 2020 - issue no. 1366, senior editor eng. k...
New base energy news 23 august   2020 - issue no. 1366,  senior editor eng. k...New base energy news 23 august   2020 - issue no. 1366,  senior editor eng. k...
New base energy news 23 august 2020 - issue no. 1366, senior editor eng. k...
 
New base 27 october 2019 energy news issue 1289 by khaled al awadi (1)-com...
New base 27 october 2019 energy news issue   1289  by khaled al awadi (1)-com...New base 27 october 2019 energy news issue   1289  by khaled al awadi (1)-com...
New base 27 october 2019 energy news issue 1289 by khaled al awadi (1)-com...
 
New base 26 december 2017 energy news issue 1119 by khaled al awadi
New base 26 december  2017 energy news issue   1119  by khaled al awadiNew base 26 december  2017 energy news issue   1119  by khaled al awadi
New base 26 december 2017 energy news issue 1119 by khaled al awadi
 
New base 30 november 2021 energy news issue 1472 by khaled al awadi
New base  30 november  2021 energy news issue   1472  by khaled al awadiNew base  30 november  2021 energy news issue   1472  by khaled al awadi
New base 30 november 2021 energy news issue 1472 by khaled al awadi
 
New base 767 special 18 january 2016 r3
New base 767 special 18 january 2016 r3New base 767 special 18 january 2016 r3
New base 767 special 18 january 2016 r3
 
New base 588 special 22 April 2015
New base 588 special  22 April  2015New base 588 special  22 April  2015
New base 588 special 22 April 2015
 
New base energy news 29 july 2020 issue no. 1359 by senior editor khaled ...
New base energy news  29 july 2020   issue no. 1359  by senior editor khaled ...New base energy news  29 july 2020   issue no. 1359  by senior editor khaled ...
New base energy news 29 july 2020 issue no. 1359 by senior editor khaled ...
 
New base january 31 2022 energy news issue - 1483 by khaled al awadi
New base january 31 2022  energy news issue - 1483  by khaled al awadiNew base january 31 2022  energy news issue - 1483  by khaled al awadi
New base january 31 2022 energy news issue - 1483 by khaled al awadi
 
New base 10 may 2018 energy news issue 1169 by khaled al awadi
New base 10 may 2018 energy news issue   1169  by khaled al awadi New base 10 may 2018 energy news issue   1169  by khaled al awadi
New base 10 may 2018 energy news issue 1169 by khaled al awadi
 
NewBase 629 special 18 June 2015
NewBase 629 special 18 June 2015NewBase 629 special 18 June 2015
NewBase 629 special 18 June 2015
 
NewBase 21-September -2022 Energy News issue - 1551 by Khaled Al Awadi_comp...
NewBase 21-September -2022  Energy News issue - 1551  by Khaled Al Awadi_comp...NewBase 21-September -2022  Energy News issue - 1551  by Khaled Al Awadi_comp...
NewBase 21-September -2022 Energy News issue - 1551 by Khaled Al Awadi_comp...
 

More from Khaled Al Awadi

NewBase June 02 -2022 Energy News issue - 1519 by Khaled Al Awadi.pdf
NewBase June 02 -2022  Energy News issue - 1519  by Khaled Al Awadi.pdfNewBase June 02 -2022  Energy News issue - 1519  by Khaled Al Awadi.pdf
NewBase June 02 -2022 Energy News issue - 1519 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase May 30 -2022 Energy News issue - 1518 by Khaled Al Awadi.pdf
NewBase May 30 -2022  Energy News issue - 1518  by Khaled Al Awadi.pdfNewBase May 30 -2022  Energy News issue - 1518  by Khaled Al Awadi.pdf
NewBase May 30 -2022 Energy News issue - 1518 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase May 24 -2022 Energy News issue - 1516 by Khaled Al Awadi.pdf
NewBase May 24 -2022  Energy News issue - 1516  by Khaled Al Awadi.pdfNewBase May 24 -2022  Energy News issue - 1516  by Khaled Al Awadi.pdf
NewBase May 24 -2022 Energy News issue - 1516 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase May 19-2022 Energy News issue - 1514 by Khaled Al Awadi.pdf
NewBase May 19-2022  Energy News issue - 1514  by Khaled Al Awadi.pdfNewBase May 19-2022  Energy News issue - 1514  by Khaled Al Awadi.pdf
NewBase May 19-2022 Energy News issue - 1514 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase May 17-2022 Energy News issue - 1513 by Khaled Al Awadi.pdf
NewBase May 17-2022  Energy News issue - 1513  by Khaled Al Awadi.pdfNewBase May 17-2022  Energy News issue - 1513  by Khaled Al Awadi.pdf
NewBase May 17-2022 Energy News issue - 1513 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase May 12-2022 Energy News issue - 1512 by Khaled Al Awadi.pdf
NewBase May 12-2022  Energy News issue - 1512  by Khaled Al Awadi.pdfNewBase May 12-2022  Energy News issue - 1512  by Khaled Al Awadi.pdf
NewBase May 12-2022 Energy News issue - 1512 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase May 09-2022 Energy News issue - 1511 by Khaled Al Awadi.pdf
NewBase May 09-2022  Energy News issue - 1511  by Khaled Al Awadi.pdfNewBase May 09-2022  Energy News issue - 1511  by Khaled Al Awadi.pdf
NewBase May 09-2022 Energy News issue - 1511 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase May 04-2022 Energy News issue - 1510 by Khaled Al Awadi.pdf
NewBase May 04-2022  Energy News issue - 1510  by Khaled Al Awadi.pdfNewBase May 04-2022  Energy News issue - 1510  by Khaled Al Awadi.pdf
NewBase May 04-2022 Energy News issue - 1510 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase May 01-2022 Energy News issue - 1509 by Khaled Al Awadi.pdf
NewBase May 01-2022  Energy News issue - 1509  by Khaled Al Awadi.pdfNewBase May 01-2022  Energy News issue - 1509  by Khaled Al Awadi.pdf
NewBase May 01-2022 Energy News issue - 1509 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase April 28-2022 Energy News issue - 1509 by Khaled Al Awadi.pdf
NewBase April 28-2022  Energy News issue - 1509  by Khaled Al Awadi.pdfNewBase April 28-2022  Energy News issue - 1509  by Khaled Al Awadi.pdf
NewBase April 28-2022 Energy News issue - 1509 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase April 26-2022 Energy News issue - 1508 by Khaled Al Awadi.pdf
NewBase April 26-2022  Energy News issue - 1508  by Khaled Al Awadi.pdfNewBase April 26-2022  Energy News issue - 1508  by Khaled Al Awadi.pdf
NewBase April 26-2022 Energy News issue - 1508 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase April 22-2022 Energy News issue - 1507 by Khaled Al Awadi.pdf
NewBase April 22-2022  Energy News issue - 1507  by Khaled Al Awadi.pdfNewBase April 22-2022  Energy News issue - 1507  by Khaled Al Awadi.pdf
NewBase April 22-2022 Energy News issue - 1507 by Khaled Al Awadi.pdfKhaled Al Awadi
 
New base 26 july 2021 energy news issue 1445 by khaled al awad i
New base  26 july  2021 energy news issue   1445  by khaled al awad iNew base  26 july  2021 energy news issue   1445  by khaled al awad i
New base 26 july 2021 energy news issue 1445 by khaled al awad iKhaled Al Awadi
 
New base special energy news 03 july 2016
New base special  energy news  03 july 2016New base special  energy news  03 july 2016
New base special energy news 03 july 2016Khaled Al Awadi
 
New base energy report 05 june 2016 by khaled al awadi 0609
New base  energy report 05 june 2016  by khaled  al awadi 0609New base  energy report 05 june 2016  by khaled  al awadi 0609
New base energy report 05 june 2016 by khaled al awadi 0609Khaled Al Awadi
 

More from Khaled Al Awadi (15)

NewBase June 02 -2022 Energy News issue - 1519 by Khaled Al Awadi.pdf
NewBase June 02 -2022  Energy News issue - 1519  by Khaled Al Awadi.pdfNewBase June 02 -2022  Energy News issue - 1519  by Khaled Al Awadi.pdf
NewBase June 02 -2022 Energy News issue - 1519 by Khaled Al Awadi.pdf
 
NewBase May 30 -2022 Energy News issue - 1518 by Khaled Al Awadi.pdf
NewBase May 30 -2022  Energy News issue - 1518  by Khaled Al Awadi.pdfNewBase May 30 -2022  Energy News issue - 1518  by Khaled Al Awadi.pdf
NewBase May 30 -2022 Energy News issue - 1518 by Khaled Al Awadi.pdf
 
NewBase May 24 -2022 Energy News issue - 1516 by Khaled Al Awadi.pdf
NewBase May 24 -2022  Energy News issue - 1516  by Khaled Al Awadi.pdfNewBase May 24 -2022  Energy News issue - 1516  by Khaled Al Awadi.pdf
NewBase May 24 -2022 Energy News issue - 1516 by Khaled Al Awadi.pdf
 
NewBase May 19-2022 Energy News issue - 1514 by Khaled Al Awadi.pdf
NewBase May 19-2022  Energy News issue - 1514  by Khaled Al Awadi.pdfNewBase May 19-2022  Energy News issue - 1514  by Khaled Al Awadi.pdf
NewBase May 19-2022 Energy News issue - 1514 by Khaled Al Awadi.pdf
 
NewBase May 17-2022 Energy News issue - 1513 by Khaled Al Awadi.pdf
NewBase May 17-2022  Energy News issue - 1513  by Khaled Al Awadi.pdfNewBase May 17-2022  Energy News issue - 1513  by Khaled Al Awadi.pdf
NewBase May 17-2022 Energy News issue - 1513 by Khaled Al Awadi.pdf
 
NewBase May 12-2022 Energy News issue - 1512 by Khaled Al Awadi.pdf
NewBase May 12-2022  Energy News issue - 1512  by Khaled Al Awadi.pdfNewBase May 12-2022  Energy News issue - 1512  by Khaled Al Awadi.pdf
NewBase May 12-2022 Energy News issue - 1512 by Khaled Al Awadi.pdf
 
NewBase May 09-2022 Energy News issue - 1511 by Khaled Al Awadi.pdf
NewBase May 09-2022  Energy News issue - 1511  by Khaled Al Awadi.pdfNewBase May 09-2022  Energy News issue - 1511  by Khaled Al Awadi.pdf
NewBase May 09-2022 Energy News issue - 1511 by Khaled Al Awadi.pdf
 
NewBase May 04-2022 Energy News issue - 1510 by Khaled Al Awadi.pdf
NewBase May 04-2022  Energy News issue - 1510  by Khaled Al Awadi.pdfNewBase May 04-2022  Energy News issue - 1510  by Khaled Al Awadi.pdf
NewBase May 04-2022 Energy News issue - 1510 by Khaled Al Awadi.pdf
 
NewBase May 01-2022 Energy News issue - 1509 by Khaled Al Awadi.pdf
NewBase May 01-2022  Energy News issue - 1509  by Khaled Al Awadi.pdfNewBase May 01-2022  Energy News issue - 1509  by Khaled Al Awadi.pdf
NewBase May 01-2022 Energy News issue - 1509 by Khaled Al Awadi.pdf
 
NewBase April 28-2022 Energy News issue - 1509 by Khaled Al Awadi.pdf
NewBase April 28-2022  Energy News issue - 1509  by Khaled Al Awadi.pdfNewBase April 28-2022  Energy News issue - 1509  by Khaled Al Awadi.pdf
NewBase April 28-2022 Energy News issue - 1509 by Khaled Al Awadi.pdf
 
NewBase April 26-2022 Energy News issue - 1508 by Khaled Al Awadi.pdf
NewBase April 26-2022  Energy News issue - 1508  by Khaled Al Awadi.pdfNewBase April 26-2022  Energy News issue - 1508  by Khaled Al Awadi.pdf
NewBase April 26-2022 Energy News issue - 1508 by Khaled Al Awadi.pdf
 
NewBase April 22-2022 Energy News issue - 1507 by Khaled Al Awadi.pdf
NewBase April 22-2022  Energy News issue - 1507  by Khaled Al Awadi.pdfNewBase April 22-2022  Energy News issue - 1507  by Khaled Al Awadi.pdf
NewBase April 22-2022 Energy News issue - 1507 by Khaled Al Awadi.pdf
 
New base 26 july 2021 energy news issue 1445 by khaled al awad i
New base  26 july  2021 energy news issue   1445  by khaled al awad iNew base  26 july  2021 energy news issue   1445  by khaled al awad i
New base 26 july 2021 energy news issue 1445 by khaled al awad i
 
New base special energy news 03 july 2016
New base special  energy news  03 july 2016New base special  energy news  03 july 2016
New base special energy news 03 july 2016
 
New base energy report 05 june 2016 by khaled al awadi 0609
New base  energy report 05 june 2016  by khaled  al awadi 0609New base  energy report 05 june 2016  by khaled  al awadi 0609
New base energy report 05 june 2016 by khaled al awadi 0609
 

Recently uploaded

8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...ictsugar
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionMintel Group
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportMintel Group
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadAyesha Khan
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxMarkAnthonyAurellano
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 

Recently uploaded (20)

8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted Version
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample Report
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCREnjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 

NewBase May 21 -2022 Energy News issue - 1515 by Khaled Al Awadi.pdf

  • 1. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 1 NewBase Energy News 21 May 2022 No. 1515 Senior Editor Eng. Khaled Al Awadi NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE U.A.E: Adnoc makes new oil discoveries at Bu Hasa, Onshore Block 3 and Al Dhafra The National - Fareed Rahman +NewBase Abu Dhabi National Oil Company has made new oil discoveries at Bu Hasa, the emirate’s biggest onshore field, as well as at the onshore Block 3 and Al Dhafra Petroleum Concession. Bu Hasa, which has a crude oil production capacity of 650,000 bpd, is part of the Adnoc Onshore Concession and is operated by Adnoc Onshore. “The 500 million barrels of oil discovered from an exploration well in the Bu Hasa field has unlocked a new formation within the field, offering substantial additional premium-grade Murban oil resources,” Adnoc said in a statement on Thursday. In Abu Dhabi’s Onshore Block 3, operated by US oil company Occidental, about 100 million barrels of oil were discovered, marking the second oil find in this concession. Occidental was awarded the exploration rights for Onshore Block 3 in early 2019. About 50 million barrels of light and sweet Murban-quality crude was also discovered in Al Dhafra Petroleum Concession, operated by Al Dhafra Petroleum, a joint venture between Adnoc, the Korea National Oil Company and GS Energy, the state-owned oil company said. Sheikh Khaled bin Mohamed, member of the Abu Dhabi Executive Council and chairman of the Abu Dhabi Executive Office, commended the company’s expanded approach to strategic partnerships that led to new discoveries of oil in the emirate. Sheikh Khaled led a meeting of the executive committee of Adnoc’s board of directors and noted that the company and its partners would ensure that the UAE remains a reliable supplier of some of the least carbon-intensive oil in the world for decades to come.
  • 2. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 2 The state oil producer also plans to significantly increase its investment in hydrocarbons and will raise its output capacity to five million bpd by 2030. It has awarded a number of contracts to different companies to increase its production. Last year, Adnoc's board approved plans to spend Dh466 billion ($126.8bn) between 2022 and 2026 to expand its upstream production capacity and downstream portfolio, as well as its low-carbon fuels business and clean energy ambitions. It also revealed a “significant” increase in national reserves of four billion stock-tank barrels (STB) of oil and 16 trillion standard cubic feet of natural gas. These additional reserves increase the UAE’s hydrocarbon reserves base to 111 billion barrels of oil and 289 trillion standard cubic feet of natural gas, Adnoc said. Sheikh Khaled also praised Adnoc’s role in strengthening the UAE capital markets through its intention to float 10 per cent of Borouge on the Abu Dhabi Securities Exchange (ADX). Borouge, a joint venture between Andoc and Austrian chemicals producer Borealis, announced its intention to list on the ADX this week. Adnoc will own 54 per cent of the company, while Borealis will own 36 per cent following the listing. Sheikh Khaled directed Adnoc to explore new clean energy partnerships, including clean hydrogen, and to help support the energy transition. Adnoc plans to establish a “hydrogen ecosystem” as it aims to meet the growing global demand for the lighter and cleaner gas that is being developed as an alternative to fossil fuels. The company is also joining Taqa and Mubadala Investment Company to become shareholders in Masdar, in a move that will help increase the clean energy company's renewable power capacity to more than 50 gigawatts by 2030. Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Adnoc managing director and group chief executive; Suhail Al Mazrouei, Minister of Energy and Infrastructure; and Ahmed Al Sayegh, Minister of State, attended the meeting. Khaldoon Al Mubarak, managing director and group chief executive of Mubadala Investment Company, and Jassem Al Zaabi, chairman of the Abu Dhabi Department of Finance, were also present.
  • 3. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 3 U.A.E: 6 major projects Dubai is undertaking to transform how residents live in the future …. khaleejtimes + NEwBAse When launching the Dubai 2040 Urban Master Plan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced plans to make Dubai the ideal city for urban living by providing world-class facilities. According to the plan, the number of Dubai residents is expected to reach 5.8 million by 2040, while the daytime population is set to increase to 7.8 million in 2040. Saeed Mohammed Al Tayer, CEO and managing director of Dubai Electricity and Water Authority (Dewa), said the company is guided by the vision and directives of Sheikh Mohammed to keep pace with Dubai's ambitious urban plans. "We do that through planning that is based on the latest future-shaping tools," he said. "Electricity and water infrastructure expansion plans are based on demand expectations until 2030, considering the demographic and economic growth in the emirate." Here are six projects the emirate is undertaking to change the way residents will live in the future: 1- Largest single-site natural gas power generation facility in the world
  • 4. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 4 Dewa's Jebel Ali Power and Desalination Complex is one of the key pillars to provide Dubai with high-quality, efficient and reliable electricity and water services. The complex has been confirmed by Guinness World Records as the largest single-site natural gas power generation facility in the world at a capacity of 9,547 MW. The complex comprises two main plants for power generation and water desalination. Plant-1, with a production capacity of 2,761 MW, consists of stations D, E, and G. Plant-2, with a production capacity of 6,786 MW, consists of stations K, L, and M. 2. Mohammed bin Rashid Al Maktoum Solar Park
  • 5. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 5 The Mohammed bin Rashid Al Maktoum Solar Park, which Dewa is implementing, is the largest single-site solar park in the world, using the Independent Power Producer (IPP) model. It will have a production capacity of 5,000MW by 2030 with a total investment of Dh50 billion. Upon its completion, the Solar Park will reduce more than 6.5 million tonnes of carbon emissions annually. The current capacity at the Solar Park is 1,527MW using solar photovoltaic panels. Dewa is implementing more projects with a total capacity of 1,333MW using solar photovoltaic and Concentrated Solar Power (CSP). The clean energy share is currently around 11.4 per cent of Dubai’s energy mix and is expected to reach 14 per cent by the end of 2022. 3. Hydroelectric power plant in Hatta Dewa is currently building a 250MW pumped-storage hydroelectric power plant in Hatta. The plant’s production capacity is set to reach 250 megawatts with a storage capacity of 1,500 megawatt-hours and a lifespan of up to 80 years. This is the first of its kind in the Gulf region, with investments of around Dh1.421 billion. Turbines operated by the speed of the waterfall from an upper reservoir through a 1,200-meter water tunnel will be used to generate electricity, with high efficiency in power generation and storage of up to 78.9 per cent and with a 90-second response to demand for electricity. 4. Smart Grid
  • 6. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 6 The Smart Grid is a key component of Dewa's strategy to develop an advanced infrastructure to support the Smart Dubai initiative. The Smart Grid features programmes with investments of Dh7 billion up that are completed in the short, medium, and long-term until 2035. 5. The Green Charger for electric vehicles Through the ‘Green Charger’ initiative, Dewa currently provides more than 325 charging stations for electric vehicles across Dubai. It is working to increase this number to reach over 1,000 stations by 2025. 6. Digital Dewa Dewa is shaping a new digital future for Dubai through Digital Dewa, its digital arm. Through this initiative, Dewa aims to become the world’s first digital utility to use autonomous systems for renewable energy and storage, while expanding AI and digital services. Digital Dewa is based on four pillars to provide a new experience for utilities worldwide. The first pillar is launching advanced solar power technologies. The second deploys a renewable energy grid with innovative energy storage technologies. The third is expanding integrated AI solutions to make Dubai the first city to provide AI-based electricity and water services. The fourth pillar includes obtaining the highest- possible benefits from the connected technologies enabling 24/7 world-class services delivery for Dubai, improving UAE’s digital capabilities to develop smart cities, and providing innovative state-of-the-art solutions.
  • 7. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 7 China Spent Over $6 Billion on Russian Energy Imports in April Bloomberg + NewBase China kept buying more energy from Russia, with purchases of oil, gas and coal jumping 75% in April to over $6 billion, even as domestic demand slowed due to a resurgent virus and the US and Europe moved away from purchases. Imports of Russian liquefied natural gas surged 80% from a year earlier to 463,000 tons, according to Chinese customs data on Friday. That’s despite China’s total imports of the super-chilled fuel dropping by more than a third as lockdowns and other restrictions on industrial activity choked demand. Crude imports, meanwhile, rose 4% on the year to 6.55 million tons, with Russia again behind only Saudi Arabia as China’s main source of oil. The surge in prices that accompanied Russia’s invasion of Ukraine boosted the value of China’s purchases of mineral fuels, including coal, to $6.42 billion. It means that 72% of China’s total imports in April from its strategic partner were energy-related. The volume figures for gas don’t include pipeline imports, which haven’t been reported since the start of the year, but the Power of Siberia link is a major conduit of the fuel to China. Moreover, Beijing is in discussions with Moscow to replenish its strategic crude stockpiles with cheaper Russian oil, a sign that energy ties between the two are only likely to strengthen as Russia’s westward markets wither due to the war in Ukraine. Other highlights of commodities trade between China and Russia in April:
  • 8. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 8  Coal imports fell 14% on-year to 3.82 million tons as Covid restrictions, milder weather and elevated domestic output reduced demand for the thermal variety  But coking coal for the steel industry rose for a third month to 1.71 million tons, more than double last year’s level, after mills bought more on the prospect of enhanced government spending  Refined copper imports fell 39% to 18,871 tons  Refined nickel imports rose almost threefold to 1,738 tons  Aluminum imports rose almost half to 31,218 tons  Palladium imports were zero  Wheat imports dropped 81% to 2,990 tons
  • 9. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 9 U.S EIA expects solar and wind to be larger sources of U.S. electricity generation this summer : U.S. EIA, Short-Term Energy Outlook In our Summer Electricity Outlook, a supplement to our May 2022 Short-Term Energy Outlook, we expect the largest increases in U.S. electric power sector generation this summer will come from renewable energy sources. These increases are the result of new capacity additions. We forecast utility-scale solar generation between June and August 2022 will grow by 10 million megawatthours (MWh) compared with the same period last summer, and wind generation will grow by 8 million MWh. Forecast generation from coal and natural gas declines by 26 million MWh this summer, although natural gas generation could increase in some electricity markets where coal supplies are constrained. Wind and solar power electric-generating capacity has been growing steadily in recent years. By the start of June, we estimate the U.S. electric power sector will have 65 gigawatts (GW) of utility- scale solar-generating capacity, a 31% increase in solar capacity since June 2021. Almost one-third of this new solar capacity will be built in the Texas electricity market. The electric power sector will also have an estimated 138 GW of wind capacity online this June, which is a 12% increase from last June.
  • 10. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 10 Along with growth in renewables capacity, we expect that an additional 6 GW of new natural gas combined-cycle generating capacity will come online by June 2022, an increase of 2% from last summer. Despite this increase in capacity, we expect natural gas-fired electricity generation at the national level will be slightly (1.3%) lower than last summer. We forecast the price of natural gas delivered to electric generators will average nearly $9 per million British thermal units between June and August 2022, which would be more than double the average price last summer. The higher expected prices and growth in renewable generation will likely lead to less natural gas-fired generation in some regions of the country. In contrast to renewables and natural gas, the electricity industry has been steadily retiring coal- fired power plants over the past decade. Between June 2021 and June 2022, the electric power sector will have retired 6 GW (2%) of U.S. coal-fired generating capacity. In previous years, higher natural gas prices would have resulted in more coal-fired electricity generation. However, coal-fired power plants have been limited in their ability to replenish their historically low inventories in recent months as a result of mine closures, rail capacity constraints, and labor market tightness. These coal supply constraints, along with continued retirement of generating capacity, contribute to our forecast that U.S. coal-fired generation will decline by 20 million MWh (7%) this summer. In some regions of the country, these coal supply constraints may lead to increased natural gas-fired electricity generation despite higher natural gas prices.
  • 11. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 11 U.S imports of Latam oil soar as refiners replace Russian barrels Reuters NewBase U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, the highest in seven months according to U.S. Customs data, as buyers began replacing Russian supplies. The United States in March banned imports of Russian crude and refined products over its invasion of Ukraine, setting April 22 as end date for purchases. Treasury Secretary Janet Yellen urged companies to adopt "friend-shoring" supply networks, or buying from trusted countries. Russia supplied about 135,000 bpd, or 5.5% of total U.S. crude imports last year, and 155,350 bpd, or 29%, of fuel oil imports, according to Customs data on Refinitiv Eikon. Russian crude imports touched a record high in 2021 after hurricanes disrupted production, data from Energy Information Administration. Imports of fuel oil from Latin America averaged some 200,000 bpd in March and April, 49% higher than in the previous 12 months. Mexico's share of U.S. fuel oil imports climbed to about 27% in March and April, from 19% a year earlier, the data showed. About 15 vessels discharged 159,000 bpd of Mexican fuel oil in Louisiana, California, Texas and Florida, supplying Exxon Mobil Corp (XOM.N), Chevron Corp (CVX.N) and Marathon Petroleum Corp(MPC.N), among others. "The really interesting storyline has been Mexico's ability to capture market share from Russia," said energy strategist Clay Seigle. "The U.S. market for Russian fuel oil has been permanently destroyed." LatAm Oil = Latin America Oil
  • 12. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 12 U.S. imports of Latin American crude also climbed in April, to 1.34 million bpd, its highest in six months. Purchases from Argentina rose to a four-year high while imports from Colombia reaching their highest since September 2020. Cargoes of Argentina's light sweet Medanito arrived at Valero Energy Corp's (VLO.N) Benicia refinery in California and Phillips 66's (PSX.N) Ferndale refinery in Washington. About 1 million barrels of Argentina's medium Escalante crude also discharged at Par Hawaii Refining's Honolulu plant. Par Hawaii President Eric Wright said oil from North and South America was meeting Hawaii's crude processing requirements. Historically, the company had sourced 20%-25% of its oil from Russia. About 1.8 million barrels of Colombian oil were supplied to processors, including PBF Energy Inc's (PBF.N) Delaware City and Valero's St Charles refineries. Colombia last week said it could increase oil exports to the United States by about 40,000 bpd by year-end. Marathon, Exxon and Phillips 66 declined to comment. Chevron, Valero and PBF did not respond to a comment request. Valero and PBF last month said they would ramp up imports from Latin America as they warned of a shortage of feedstocks.
  • 13. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 13 NewBase May 21 -2022 Khaled Al Awadi NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE Oil settles up as supply risks outweigh economic worries Reuters + NewBase Summary points:  WTI open interest falls to lowest since July 2016 for second day  Shanghai still expected to end some COVID curbs on June 1  EU hopes to clinch a deal on a proposed ban of Russian crude  U.S. oil/natgas rig count rises for 9th week - Baker Hughes Oil prices settled slightly higher on Friday as a planned European Union ban on Russian oil and easing of COVID-19 lockdowns in China countered concerns that slowing economic growth will hurt demand. Brent futures for July delivery rose 51 cents, or 0.5%, to $112.55 a barrel. U.S. West Texas Intermediate (WTI) crude for June rose $1.02, or 0.9%, to settle at $113.23 on its on its last day as the front-month. Oil price special coverage
  • 14. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 14 WTI notched its fourth straight week of gains, which it last did in mid-February. Brent gained about 1% this week after falling about 1% last week. The more actively-traded WTI contract for July was up about 0.4% to $110.28 a barrel. "The risks remain tilted to the upside ... given the Chinese reopening and continued efforts towards a Russian oil embargo by the EU," said Craig Erlam, a senior market analyst at OANDA. In China, Shanghai did not signal any change to its planned end of a prolonged city-wide lockdown on June 1 even though the city announced its first new COVID-19 cases outside quarantined areas in five days. read more The energy market expects the lifting of some coronavirus restrictions in Shanghai to boost energy demand. China is the world's top crude importer. The EU is hoping to clinch a deal on a proposed ban of Russian crude imports which includes carve-outs for member states most dependent on Russian oil, such as Hungary. read more "Odds of an EU embargo being declared sooner rather than later increased in the wake of Germany's success in cutting Russian oil imports by more than half in a very short period," consultancy BCA research said in a note. German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could punish smaller firms. read more In the United States, U.S. energy firms this week added oil and natural gas rigs for a ninth week in a row, according to the Baker Hughes rig count, as mostly small producers respond to high prices and prodding by the government to ramp up output. read more The rig count is an indicator of future output growth. Americans continued to get behind the wheel even though gasoline prices at the pump keep hitting record highs. Auto club AAA said national average regular unleaded gasoline prices hit a record $4.59 per gallon on Friday. read more
  • 15. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 15 In India, crude oil imports in April were the highest in 3-1/2 years as the world's third biggest oil importer and consumer ramped up discounted Russian oil purchases to fuel demand recovery and fight high prices. In Norway, crude output in April missed official forecast by 10.6%, while its gas production was in line with expectations. Additional reporting by Noah Browning in London and Sonali Paul in Melbourne; Editing by Marguerita Choy, Susan Fenton and David Gregorio. NewBase Special Coverage The Energy world –May -01 -2022 CLEAN ENERGY US: Permian Delaware output to hit record in 2022, driven by private operators and soaring demand - Rystad Energy Total hydrocarbon production in the Permian Delaware Basin, the top-producing play in the Permian, will hit a record 5.7 million barrels of oil equivalent per day (boepd) average in 2022, according to Rystad Energy research. Spurred on by high oil prices and appealing well economics, total production is set to grow by around 990,000 boepd, almost half of which – 433,000 boepd – is new oil production.
  • 16. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 16 Investments in the basin are also expected to jump, surging more than 40% from 2021 levels to reach $25.7 billion this year. A significant contributor to this growth is the majors – ExxonMobil, Chevron, BP and ConocoPhillips – who last year cut Permian Delaware investments by 33% vs. 2020. This year, the majors are expected to raise investments in the basin by 60%, bringing their total to $7.4 billion. Private operators’ share is also set to balloon in 2022, rising 50% from $5.8 billion in 2021 to nearly $9 billion in 2022. Cost inflation on the services side, which is expected to range between 10% and 15% this year, is also a contributor to the higher spend levels. The operator-specific findings are based on Rystad Energy’s research of a peer group of 61 operators in the basin. The forecasts are based on a scenario in which West Texas Intermediate (WTI) oil futures averages $106 per barrel in 2022 before dropping to $70 per barrel next year and to $50 per barrel towards 2025. 'The Permian Delaware has emerged as the top oil-producing play in the US shale patch, outpacing growth in other oil-rich regions. With oil prices expected to remain elevated, 2022 promises to be another outstanding year for production growth in the region,' says Veronika Meyer, Rystad Energy vice president. Private operators will be a significant driver of the record growth as they have reacted quickly to the elevated market, increasing activity and output. Private companies more than doubled their collective rig count in the basin, from 30 to 73 in a little over a year, between January 2021 to April 2022. Private players are also less focused than their public counterparts on well optimization and environmental objectives – such as cutting flaring levels – which have emerged as significant play- level trends in recent years. This production growth may seem like a reaction to the US government’s call for increased supply, but most of the drilling and capital expansion was already guided by the companies at the end of 2021, before Russia’s invasion of Ukraine.
  • 17. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 17 Public operators have been reluctant to chase higher production growth and remain focused on capital discipline in the face of cost inflation and labor and equipment shortages. Private operators are contributing significantly to drilling activity in the play. The total number of spudded wells increased by 33% last year, with private operators making up 46% of the total. The well count is estimated to grow by another 32% in 2022 and, based on current activity levels, private players are likely to contribute about 43% this year. However, their contribution is expected to decrease towards 2030 as many of these companies hold relatively small acreage positions and, consequently, may start to run out of locations at the current pace of activity. Majors, driven primarily by ExxonMobil in particular, are also actively increasing their drilling efforts in 2022. This peer group is expected to increase drilling by 60% this year and contribute about 20% of total activity in the play, up from 17% last year. The lay of the land The Permian Delaware play extends across Lea and Eddy counties in southeastern New Mexico and into counties in western Texas. Acreage in the Delaware West sub-basin, including Culberson and western Reeves counties, tends to have higher gas content. Estimated ultimate recovery (EUR) rates – the volume of hydrocarbons potentially recoverable in a given reserve or well – can be relatively high in this region, which helps explain a temporary shift in activity from several producers towards gassier areas in 2020, when oil prices were at their nadir. While acreage in Texas and New Mexico is being actively developed, New Mexico has gained momentum over the last couple of years, with companies that hold acreage in the state rapidly increasing activity.
  • 18. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 18 Activity in the basin before 2014 was primarily dominated by vertical drilling, but the share of horizontal drilling has since picked up rapidly, fueling the growth. Production additions in 2019 reached nearly 1.2 million boepd year-over-year. Even when the Covid-19 pandemic battered the shale industry, the Permian Delaware delivered between 300,000 and 400,000 boepd in growth in 2020 and 2021. However, the play’s production dynamics have changed since the pre-Covid-19 era. The majors largely dominated the growth trend before 2020 – ExxonMobil, Chevron and BP – and other public companies that focused on meeting their aggressive production growth targets and investing cash flow. This time around, public players are maintaining capital discipline, and prioritizing returns to shareholders while keeping reinvestment rates at between 30% and 40%. High oil prices have incentivized several large producers such as EOG Resources and Occidental Petroleum to increase activity further from last year’s fourth quarter and still deliver on their reinvestment objectives. Even so, it is the private operators that have stepped up the game since the beginning of last year, responding quickly to higher oil prices. Mewbourne Oil Company, which is focused on developing acreage in New Mexico, is now running 16 rigs in the Delaware, second only to EOG, while Tap Rock Resources made it to the top five drillers with a stable seven rig count in the play. NewBase Energy News 21 May 2022 - Issue No. 1515 call on +971504822502, UAE The Editor:” Khaled Al Awadi” Your partner in Energy Services
  • 19. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 19 NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE. For additional free subscriptions, please email us. About: Khaled Malallah Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Emarat member since 1990 ASME member since 1995 Hawk Energy member 2010 www.linkedin.com/in/khaled-al-awadi-38b995b Mobile: +971504822502 khdmohd@hawkenergy.net or khdmohd@hotmail.com Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas sector. Has Mechanical Engineering BSc. & MSc. Degrees from leading U.S. Universities. Currently working as self leading external Energy consultant for the GCC area via many leading Energy Services companies. Khaled is the Founder of the NewBase Energy news articles issues, Khaled is an international consultant, advisor, ecopreneur and journalist with expertise in Gas & Oil pipeline Networks, waste management, waste-to-energy, renewable energy, environment protection and sustainable development. His geographical areas of focus include Middle East, Africa and Asia. Khaled has successfully accomplished a wide range of projects in the areas of Gas & Oil with extensive works on Gas Pipeline Network Facilities & gas compressor stations. Executed projects in the designing & constructing of gas pipelines, gas metering & regulating stations and in the engineering of gas/oil supply routes. Has drafted & finalized many contracts/agreements in products sale, transportation, operation & maintenance agreements. Along with many MOUs & JVs for organizations & governments authorities. Currently dealing for biomass energy, biogas, waste-to-energy, recycling and waste management. He has participated in numerous conferences and workshops as chairman, session chair, keynote speaker and panelist. Khaled is the Editor-in-Chief of NewBase Energy News and is a professional environmental writer with over 1400 popular articles to his credit. He is proactively engaged in creating mass awareness on renewable energy, waste management, plant Automation IA and environmental sustainability in different parts of the world. Khaled has become a reference for many of the Oil & Gas Conferences and for many Energy program broadcasted internationally, via GCC leading satellite Channels. Khaled can be reached at any time, see contact details above.
  • 20. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 20
  • 21. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 21
  • 22. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 22