SlideShare a Scribd company logo
1 of 17
Download to read offline
Copyright © 2015 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 endeavours 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 18 June 2015 - Issue No. 629 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Dubai: ABB contracted to integrate solar energy into the grid
http://www.mena.abb.com/cawp/seitp202/37e4a4cf0465ed60c1257e67002d182a.aspx
ABB paves the way for more solar power in Dubai
ABB, the leading power and automation technology group, has won an order worth around $20
million from Dubai Electricity & Water Authority (DEWA) , to extend a substation that will integrate
more solar energy into the grid, helping diversify Dubai’s energy mix to meet growing demand.
DEWA is doubling the net output capacity of phase II of the Mohammed bin Rashid Al Maktoum
solar park from 100 megawatts (MW) to 200 MW. ABB previously won a substation order in 2014
to integrate 100 MW from the park into the grid.
This utility scale solar photovoltaic plant, which covers 4.5 square kilometers, will produce enough
electricity to power more than 30,000 homes serving 130,000 people. Its addition to the UAE
system displaces the need for power from fossil fuels that would have produced about 250,000
tons of carbon emissions annually.
“We are working to achieve the goals of UAE Vision 2021 and Dubai Plan 2021 to support Dubai’s
economic growth, through diverse and secure Energy supply and Efficient Energy use, while
meeting environmental and sustainability objectives. DEWA is also committed to achieving the
Dubai Integrated Energy Strategy 2030 to generate 7 percent of Dubai’s total power output from
renewable energy by 2020 and 15% by 2030,” said HE Saeed Mohammed Al Tayer, MD & CEO
of DEWA.
“ABB’s advanced technologies will help to efficiently integrate renewable solar energy into the
grid, enhancing capacity and reliability of supplies,” said Claudio Facchin, president of ABB’s
Substation extension to integrate more solar energy into UAE grid and
enhance grid reliability
Copyright © 2015 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 endeavours 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
Power Systems division. “We are proud to contribute to Dubai and the UAE’s energy
diversification initiative and bring clean energy to meet growing industrial, commercial and
residential demand. This project reiterates our focus on growing markets and renewables in line
with our Next Level strategy.”
As part of this turnkey project, ABB is responsible for the design, engineering, supply, installation
and commissioning of the substation’s extension. Key products to be supplied include three bays
of 400 kilovolt (kV) and eleven bays of compact 132 kV gas-insulated switchgear (GIS), power
transformers, and IEC 61850-based open architecture automation and controls. The project is
scheduled to be completed in 2016.
The UAE, a leader in solar power in the Middle East, was the departure point for Solar Impulse 2,
the ABB-supported airplane attempting to make the first solar-powered flight around the world.
The plane is due to return to the UAE this year. ABB’s heritage of technology innovation in
renewables, sustainable transportation and energy efficiency makes it an ideal partner for Solar
Impulse’s pioneering effort.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility, industry,
and transport and infrastructure customers to improve their performance while lowering
environmental impact. The ABB Group of companies operates in roughly 100 countries and
employs about 140,000 people.
Key products to be supplied include three bays of 400 kilovolt (kV) and eleven bays of compact
132 kV gas-insulated switchgear (GIS), power transformers, and IEC 61850-based open
architecture automation and controls, said the company in a statement. The project is scheduled
to be completed in 2016, it added.
Dewa is doubling the net output capacity of
phase II of the Mohammed bin Rashid Al
Maktoum solar park from 100 megawatts
(MW) to 200 MW. ABB had previously won a
substation order in 2014 to integrate 100 MW
from the park into the grid.
This utility scale solar photovoltaic plant,
which covers 4.5-sq-km, will produce enough
electricity to power more than 30,000 homes
serving 130,000 people, said the ABB in its
statement. Its addition to the UAE system
displaces the need for power from fossil fuels
that would have produced about 250,000 tons
of carbon emissions annually.
"Dewa is committed to achieving the Dubai
Integrated Energy Strategy 2030 to generate
seven per cent of Dubai’s total power output
from renewable energy by 2020 and 15 per cent by 2030,” said its managing director & CEO
Saeed Mohammed Al Tayer.
“We are proud to contribute to Dubai and the UAE’s energy diversification initiative and bring
clean energy to meet growing industrial, commercial and residential demand. This project
reiterates our focus on growing markets and renewables in line with our Next Level strategy,”
Copyright © 2015 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 endeavours 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
Abu Dhabi pumps up oil investment on oil production
© Oxford Business Group 2015 + Zawya + NewBase
Plans by Abu Dhabi to invest more than $25bn over the next five years to increase offshore oil
production capacity look set to secure the emirate's position as a leading oil producer, amidst a
global decrease in oil and gas capital expenditure.
The increased investment flow will involve some
$2.5bn being spent annually on new offshore
drilling activities, combined with an expansion of
infrastructure to bring new wells on line, according
to Qasem Al Kayoumi, manager of the offshore
division of the exploration and production
directorate of the Abu Dhabi National Oil
Company ( ADNOC ).
The investments form part of a medium-term
programme to boost output from the present level
of around 3m barrels per day (bpd) to 3.5m bpd by
2019, with ADNOC planning to drill some 160
wells annually for the next few years, Al Kayoumi
told media. "It is a considerable increase - the
number of rigs has built up considerably in offshore, it could be more than a 50% increase," he
said.
The state-owned oil company had initially aimed to increase capacity by 500,000 bpd by 2017, but
the company announced in early June that it would reach only 3.4m bpd by the end of 2017 with
the expansion project potentially not completed until 2019. "This is because of some normal
delays in such a large project," Al Kayoumi told reporters at a conference. "There have been
changes in scope."
Much of the investment to expand production capacity will be directed through the Abu Dhabi
Marine Operating Company (ADMA-OPCO) - an ADNOC -led joint venture - and the Zakum
Development Company ( ZADCO ), which is managing the opening of the Upper Zakum reserves,
among the world's largest oil fields. At present the ADMA-OPCO and the ZADCO fields account
for 1.2m bpd, a figure ADNOC has estimated will rise to 1.6m bpd by 2017 or 2018.
Price plunge no deterrent to investment
The move by the emirate to ramp up investment to increase production is in line with regional
players such as Kuwait and Saudi Arabia, but runs contrary to global trends. Oil services company
Petrofac estimates that spending on new capacity is down by 20% or more globally after oil prices
plunged from their highs of two years ago, but spending in the GCC remains solid. "In the Middle
East ... we are seeing national oil companies maintaining strategic spending and therefore flat to
modest growth in investment across the region," said Tim Well, CFO at Petrofac, quoted in May
by regional media.
Nor has the recent decline in prices deterred the emirate's offshore energy producer from reducing
investment levels, according to ADMA-OPCO CEO Ali Al Jarwan. "Despite the fall in oil price we
have no plans to slow down in terms of our long term investment strategy, Al Jarwan told OBG.
"We are still very much on track in terms of raising our production levels in order to achieve our
targets."
Copyright © 2015 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 endeavours 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
These include continued investment in offshore rigs to support production growth and using
advanced technology to help manage reservoirs and achieve recovery rates of 70%, he said.
Production at ADMA-OPCO's
new offshore Nasr field began in
late January, with a maximum
output of 65,000 bpd forecast
when the field − located about
130 km to the north-west of Abu
Dhabi City − is fully developed.
The company is also working to
open up its Satah Al Razboot
(SARB) offshore field, also to the
north-west of the capital, with the
facility to be operational by 2017.
Earlier this year, oil services
company Schlumberger was
granted a $185m contract to
provide well construction services
for the SARB development, which is expected to add 100,000 bpd to the emirate's output.
The increased pace of investment and demand for rigs and services by Abu Dhabi will be
welcome news for firms in the oil technology and support sector. Earlier this year ratings agency
Moody's estimated that earnings in the oilfield services sector would fall by 12-17% if oil prices
average $75 per barrel this year. Earnings could fall to as low as 30% should the average price be
less than $60 - Brent crude was trading at $65 per barrel at the start of June.
Extending ageing fields
While working on new deposits, producers are also investing in technology to extend the
operational life of mature fields. Both gas and water injection are amongst techniques that can be
used to boost pressure in older wells and enhance recovery. One further option that is being
explored in Abu Dhabi is
using CO2 injection rather
than gas or water due to
limited gas reserves, with
feasibility studies being
conducted to see if this route
can be used as a long-term
measure.
The move towards
enhanced extraction will
offer additional opportunities
for companies able to deploy
advanced recovery
technology, with demand for
such solutions set to grow in
coming years as more of
Abu Dhabi's established
fields approach the later
stages of their productive life.
Copyright © 2015 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 endeavours 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
UAE: Enec installs second reactor vessel at Barakah
The National
The UAE completed another milestone on Wednesday in its groundbreaking nuclear power
programme. Enec, the Emirates Nuclear Energy Corporation, has installed the plant’s second
reactor vessel, which is where energy production takes place, in Barakah in the Western Region.
The installation ceremony was attended by Sheikh Hamdan bin Zayed, the Ruler’s Representative
in the Western Region, who said the UAE attached great importance to transparency in the
development and operation of its nuclear programme.
“That principle is one of the main elements of national policy and I am proud to be here in Barakah
today to witness the delivery of yet another safe and on-time milestone in the UAE’s peaceful
nuclear energy programme,” Sheikh Hamdan said.
“Safe, clean and reliable nuclear energy has an important role to play in the future of our nation
and in the Western Region in particular.
“The role of the peaceful nuclear energy programme in the Western Region is instrumental and
will bring many benefits, from the creation of high-value job opportunities to the emergence of a
sophisticated new industrial sector to support operations in Barakah.”
Hamad Alkaabi, UAE Ambassador to the International Atomic Energy Agency, said the event
demonstrated that the project was on track.
Copyright © 2015 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 endeavours 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 vessel is the main component in the nuclear reactor,” he said. “It is designed to contain the
fuel assembly and coolant where the nuclear reaction takes place to produce energy. Installation
of the pressure vessel indicates the advanced stage of construction.”
Experts say it the most important part of a reactor.
“The installation is very significant,” said Lady Barbara Judge, former head of the UK Atomic
Energy Agency. “The reactor vessel houses all the technological parts of the reactor.
“This shows that the lessons that have been learnt around the world, especially at Barakah 1,
have been well-integrated into the construction of Barakah 2, which is why the Abu Dhabi nuclear
power project can be considered one of the best in the world.
“The technology, construction and the safety culture are of the highest standards.”
Mohammed Al Hammadi, chief executive of Enec, said: “It is the culmination of many months of
hard work and dedication from our team.
“In 2017, these reactors will begin producing the vital electricity needed to meet the country’s
rapidly growing energy demands and support our continued social and economic growth.”
During the event, Sheikh Hamdan was updated on the developments since his visit last July. This
included reports on Enec’s progress in construction and industrial development that supports local
companies.
Sheikh Hamdan signed the base of the reactor vessel before it was lifted inside the Unit 2 reactor
containment building. He also met Emirati nuclear engineers. “The UAE puts its hopes and
aspirations in generations like yours, who are equipped with modern scientific knowledge,” he
said.
“Imparting this knowledge to the people of the UAE is the first and chief pillar of these plans, and
therefore developing a workforce of scientifically and culturally qualified Emiratis is the primary
concern of the UAE leadership.”
Unit 1 is now more than 73
per cent complete and
expected to enter commercial
operations in 2017. Unit 2 is
50 per cent complete and
expected to follow in 2018,
pending regulatory approval
from the Federal Authority on
Nuclear Regulation.
The event was also attended
by Sheikha Lubna Al Qasimi,
Minister of International
Cooperation and
Development, and Khaldoon
Al Mubarak, Chairman of the
Executive Affairs Authority.
Copyright © 2015 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 endeavours 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
Iraq crude exports hit record so far in June
Reuters + NewBase
Iraq’s oil exports have averaged 3.2mn bpd so far in June, according to loading data and an
industry source, setting shipments from Opec’s second-largest producer on course for a record high.
Another boost from Iraq underlines the focus of major members of the Organisation of the
Petroleum Exporting Countries in keeping market share, not restraining supply to support prices.
Opec met on June 5 and kept its policy unchanged.
Exports from Iraq’s southern terminals have averaged 3mn bpd in the first 15 days of June,
according to shipping data seen by Reuters and an industry source, up from 2.69MBD in May.
Shipments have jumped after Iraq’s decision to split the crude stream into two grades, Basra
Heavy and Basra Light, to resolve quality issues. Some companies working at Iraqi oilfields have
increased production following the move.
“Today after the introduction of Basra Heavy exports, curtailment of our production no longer
exists,” Gati al-Jebouri, senior vice president from Lukoil Overseas, told a London Iraq oil
conference on June 9. Lukoil operates the West Qurna II field in Iraq.
The southern fields produce most of Iraq’s oil. Located far from the parts of the country controlled
by Islamic State, they have kept pumping despite the conflict. But exports from Iraq’s north via
Ceyhan in Turkey, comprising Iraq’s Kirkuk crude and Kurdish oil, have averaged 200,000 bpd so
far in June, according to loading data, less than half of May’s 451,000 bpd. Northern exports were
offline for most of 2014 and resumed in December following a deal between Baghdad and the
Kurdistan Regional Government, which has since shown some signs of strain.
Kurdistan stopped sending oil for a few days in early June, but the two sides blamed technical
difficulties for the delays and say they remain committed to the deal. The June exports are in line
with figures given on June 9 by Falah Alamri, the head of Iraq’s State Oil Marketing Organisation
(SOMO), at the London conference. Iraq said its exports in May were a record 3.15MBD.
Iraq is targeting a further increase in exports in 2015 to 3.3mn bpd, a level Iraqi officials say is
within reach. Risks include bad weather, technical problems and unrest, which can disrupt flows.
A worker walks in West Qurna oilfield in Iraq’s southern province of Basra (file).
The southern fields produce most of Iraq’s oil. Located far from the parts of the
country controlled by Islamic State, they have kept pumping despite the conflict.
Copyright © 2015 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 endeavours 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
Turkey Imported 49 bcm of Natural Gas Last Year
Daily Sabah + NewBase
Turkey imported 49.2 billion cubic meters (bcm) of natural gas in 2014, up 8.82 percent on year.
The biggest supplier was Russia which exported 26.9 bcm, corresponding to 54.7 percent of all
imports, Daily Sabah reported Wednesday citing Energy Market Regulatory Authority (EMRA)
data.
Other important supplier were Iran
and Azerbaijan exporting 8.9 bcm and 6
bcm of natural gas respectively.
Turkey's 7.2 bcm of LNG imports in 2014
constitutes 14.78 percent of all natural
gas imports for the year, the data
showed. Of LNG imports, little over three
fourth was bought by state-owned
energy company BOTAŞ from Algeria
and Nigeria, while the rest was imported
on a spot basis.
Meanwhile, natural gas production
declined by 10.8 percent to 479 million cubic meters, Daily Sabah reported citing the data.
Copyright © 2015 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 endeavours 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
Malaysia: MEO Australia signs cooperation agreement with
Brooke for Malaysia opportunities… Source: MEO Australia
MEO Australia and Malaysian based Brooke Dockyard & Engineering Work Corporation
(Brooke) have signed an agreement to form a consortium to cooperate to identify and jointly bid
on oil and gas exploration and development opportunities within Sarawak and the whole of
Malaysia.
Under the agreement, MEO will provide technical assistance and opportunity evaluation
assistance to Brooke and in return Brooke will fund the evaluation activities and the exploration
component of joint bids for successfully screened opportunities that meet the collective criteria of
the partners. For the initial opportunity to be considered under the agreement, Brooke will have
a 75% participating interest and MEO a 25% participating interest.
Brooke will bring strong local Malaysian content to MEO having access to local fabrication and
construction capability, for both onshore and offshore facilities. The parties have also agreed to
work together in a suitable framework to develop and operate oil and gas prospects to the mutual
benefit of their stakeholders, shareholders, local community and people of Sarawak.
Copyright © 2015 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 endeavours 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
Oil Price Drop Special Coverage
Oil prices dip on U.S. gasoline build, but supported by weak dollar
Reuters + NewBase
Oil prices slipped on Thursday after U.S. government data showed gasoline stocks and distillate
inventories rose last week, although the falls were checked by continuing Middle East geopolitical
tensions and a weaker U.S. dollar.
U.S. July crude CLc1 lost 42 cents to $59.50 a barrel as of 0219 ET after falling 5 cents in the
previous session. Brent August crude LCOc1 declined 30 cents to $63.57 a barrel after it settled
17 cents higher on Wednesday at $63.87.
Data from the U.S. Energy Information Administration (EIA) showed crude inventories
USOILC=ECI fell more than expected last week, but gasoline stocks USOILG=ECI rose by
460,000 barrels, beating analysts' expectations for a 314,000-barrel drop.
The EIA report also showed that operating capacity at U.S. refineries fell to 93.1 percent last week
from 94.6 percent. "Expectations were for an increase ... the reaction to this (inventory) data
shows that the reasoning behind such price support is fragile," ANZ bank said in a report.
After the Federal Reserve signaled it may wait until late this year to raise interest rates, the U.S.
dollar slid while Wall Street stocks rose in volatile trading. Asian equities also rose early on
Thursday.
"Oil prices were revived by a weakening USD as a result of a bearish FOMC," Phillip Futures said.
"Since we expect the FOMC meeting to be the main card this week, we believe that prices should
move sideways for the rest of the week."
China's new home prices rebounded nationwide for the first time in 13 months in May from April,
suggesting the property downturn is bottoming out, although the overhang of inventory and new
building could continue to drag on the economy this year.
In the United States, tropical depression Bill drenched large parts of Texas on Wednesday, but
oilfields in the Gulf of Mexico and near the coast were unaffected. Refineries also ran normally.
Copyright © 2015 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 endeavours 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
OPEC Revenues Slump Below $1 Trillion for First Time Since 2010
Bloomberg + NewBase
OPEC nations’ revenue from petroleum exports plunged below $1 trillion last year for the first time
since 2010, highlighting how slumping crude prices hurt countries reliant on oil sales to fund their
economies.
The group’s 12 members earned $993.3
billion in 2014, a decrease of 11 percent
from a year earlier, according to the
Organization of Petroleum Exporting
Countries’ annual report published
Tuesday. Their combined current account
balance slumped by 35 percent to $273.6
billion as the drop in exports was
accompanied by an increase in imports.
The revenue drop shows the strain on the
group’s members as they increase
pumping at a time of oversupply,
following a Saudi Arabia-led strategy of
defending market share instead of prices.
OPEC nations agreed on June 5 to keep a production limit of 30 million barrels a day, a level they
have exceeded every month since June last year, according to data compiled by Bloomberg.
If OPEC keeps pumping at current rates through the third quarter, production will have exceeded
demand for the longest period in at least three decades, International Energy Agency data show.
Almost all the group’s members aren’t earning enough from current oil prices to balance their
budgets, according to data compiled by Bloomberg.
Copyright © 2015 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 endeavours 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
Oil & Gas UK urges North Sea industry to be sustainable at $60 oil
Oil & Gas UK + OffshoreEnergy + NewBase
Oil & Gas UK’s chief executive, Deirdre Michie, warned today, June 17, 2015, that the UK
offshore oil and gas industry must become sustainable ‘in a world of $60 oil’.
The rallying call was made before an audience of over 500 people in
Aberdeen at the opening of the trade association’s annual conference,
sponsored by EY. First Minister of Scotland, the Rt Hon Nicola
Sturgeon MSP, and chief executive of the Oil and Gas Authority, Andy
Samuel, also addressed delegates.
Deirdre Michie commented: “Here in Aberdeen and throughout the UK,
from Teesside to Truro, from Aberdeen to Anglesey, we have built an
industrial powerhouse for the UK – the offshore oil and gas industry. In
terms of our economic contribution and value to the country, this industry stands head and
shoulders above the rest. We have paid more to the Treasury than most other industrial sectors,
we generate hundreds of thousands of skilled jobs, we have a vibrant supply chain, at home and
abroad, and make a key contribution to the UK’s security of energy supply. It is an industry that
has grown and evolved for 50 years.
“…we know that as an industry we have been part of the problem; now we need to be part of the
solution.”
“However, we now face real and present threats that are challenging our future. At $60 oil, 10 per
cent of our production is struggling to make money and there is a shortage of capital and a
shortage of investors willing to place
their money here. While demand for
our products remains strong, critical for
our transport and heating our homes
and giving us a whole host of everyday
products, our productivity as an
industry has fallen – and fallen rapidly.
“In relation to our escalating cost base,
we know that as an industry we have
been part of the problem; now we need
to be part of the solution.
“Over the last 20 years, the price has
averaged at $62 per barrel and the
forward curve is between $65 and $75.
Therefore it is not unreasonable for the
North Sea to set out its stall at being
sustainable in a $60 world. As a target,
it’s one that we as a trade association
can champion, Government can align with and the regulator can pursue as an enabler, for
example, to focus on key infrastructure.”
“We must avoid doing the same things in the same way and expecting a different outcome.”
Deirdre Michie called for a change in mindset: “To succeed with this approach, we have to be
open to change. We must avoid doing the same things in the same way and expecting a different
outcome. We have had a decade of escalating costs, so we can be sure that our current approach
Copyright © 2015 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 endeavours 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
doesn’t work. We need to think about this from an investor’s point of view. Given that we compete
for investment dollars on a global basis, we must ensure the UK is a commercially attractive and
predictable place in which to invest.
“Learning from our mistakes, we know that our focus cannot merely be on ‘cutting costs’, but must
more fundamentally address the efficiency of the basin. Focusing on efficiency means that, if or
when the oil price bounces back, we will be best placed to seize new opportunities. And let’s not
forget, efficient management is also safe management – and I know safety remains the top priority
for everyone in this room.”
Deirdre Michie gave examples of efficiency improvements already happening within the industry,
highlighting the gains Total and Nexen have made by engaging with the workforce to help drive
positive change, adding:
“In order to be successful in the future, we too must raise the bar in terms of co-operating. We
must work together to secure the future of this industry – for this country. There is a role for
everyone – client, customer, employer and employee. For unions, for governments, for regulators
and for trade associations. This is not a time for conflict or entrenched positions. We don’t need to
wait for consensus, but we do need leadership in this industry to drive co-operation and an ‘early
adopter’ culture from companies willing to rise to the challenge.”
“And in working together I am very confident that we will be successful in delivering a safe and
competitive industry that is indeed sustainable in a $60 world.”
Concluding with comments on the prize to be won through the industry’s efficiency drive, Deirdre
Michie said: “With over 20 billion barrels of oil and gas still to play for, there’s plenty of opportunity
to ensure an indigenous supply for the country. On a global-scale we might be a small player, but
we’re also a world-leader. Our technical expertise is unsurpassed and reflected in the quality, the
capability and the success story that is our supply chain.
“I’m pleased to be able to say that we have come together, aligned as to the prize our industry still
offers. In keeping together, we have already made progress with the OGA being set up, positive
fiscal change being delivered and industry working hard to improve its competitiveness. And in
working together I am very confident that we will be successful in delivering a safe and
competitive industry that is indeed sustainable in a $60 world.”
Copyright © 2015 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 endeavours 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
Low oil price hits $200 billion in mega-projects
Reuters + NewBase
Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled
or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year,
consultancy Ernst and Young said on Tuesday.
Further project cuts and delays are likely as the industry braces for an extended period of lower oil
prices as a result of a supply glut.
“The mind set in the industry at the moment is that prices are unlikely to be bouncing up materially
in the near term,” the consultancy’s Andy Brogan said in a presentation. “There is an expectation
that volatility is with us for a reasonable period of time to come and companies need to cope with
that.”
The delays in multi-billion dollar projects that can take up to 10 years to develop, and needed to
support rising global demand for energy, could create a shortage in the future.
International companies have responded rapidly to the near halving of oil prices since last June,
slashing tens of billions of dollars in capital spending in order to boost their balance sheets and
maintain dividend payouts to investors.
“A total of $200 billion of oil and gas projects have been deferred or cancelled,” said Brogan,
global oil and gas transactions leader at Ernst and Young.
“Portfolios reviews are happening more frequently and probably with more rigour,” Brogan told the
World National Oil Companies Congress. “There isn’t anywhere for projects to hide.”
The main 24 mega projects that have been put on ice or scrapped are spread across the globe,
according to EY.
For oil, many of the projects are complex, deepwater fields in the Gulf of Mexico, the North Sea,
West Africa and Southeast Asia with budgets of up to $20 billion.
Among the most
expensive are
liquefied natural gas
facilities such as the
Arrow liquefied natural
gas (LNG) project in
Australia, operated by
Royal Dutch Shell’s
and PetroChina and
BG Group’s Prince
Rupert LNG project in
Canada.
Though often just as
expensive, most oil
mega-projects benefit
from the advantage of returning value within 3 to 4 years from first investment, compared with up
to 12 years for LNG projects, Brogan said.
“We have seen IOCs (international oil companies) already go through one rigorous review of their
portfolio. We are now seeing them turning their attention to see how flexibility can be embedded in
their portfolios and businesses”.
Copyright © 2015 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 endeavours 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
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Your partner in Energy Services
NewBase energy news is produced daily (Sunday to Thursday) and
sponsored by Hawk Energy Service – Dubai, UAE.
For additional free subscription emails please contact Hawk Energy
Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
Mobile: +97150-4822502
khdmohd@hawkenergy.net
khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with a total of 25 years of experience in
the Oil & Gas sector. Currently working as Technical Affairs Specialist for
Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy
consultation for the GCC area via Hawk Energy Service as a UAE
operations base , Most of the experience were spent as the Gas Operations
Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility &
gas compressor stations . Through the years, he has developed great
experiences in the designing & constructing of gas pipelines, gas metering &
regulating stations and in the engineering of supply routes. Many years were spent drafting, &
compiling gas transportation, operation & maintenance agreements along with many MOUs for the
local authorities. He has become a reference for many of the Oil & Gas Conferences held in the
UAE and Energy program broadcasted internationally, via GCC leading satellite Channels.
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase 18 June 2015 K. Al Awadi
Copyright © 2015 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 endeavours 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
Copyright © 2015 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 endeavours 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

More Related Content

What's hot

New base 1060 special 09 august 2017 energy news
New base 1060 special 09 august 2017 energy newsNew base 1060 special 09 august 2017 energy news
New base 1060 special 09 august 2017 energy newsKhaled 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 february 19 2022 energy news issue - 1488 by khaled al awadi
New base february 19 2022  energy news issue - 1488  by khaled al awadiNew base february 19 2022  energy news issue - 1488  by khaled al awadi
New base february 19 2022 energy news issue - 1488 by khaled al awadiKhaled Al Awadi
 
New base february 15 2022 energy news issue - 1487 by khaled al awadi
New base february 15 2022  energy news issue - 1487  by khaled al awadiNew base february 15 2022  energy news issue - 1487  by khaled al awadi
New base february 15 2022 energy news issue - 1487 by khaled al awadiKhaled Al Awadi
 
]New base 15 september 2017 energy news issue 1084 by khaled al awadi
]New base 15 september 2017 energy news issue   1084  by khaled al awadi]New base 15 september 2017 energy news issue   1084  by khaled al awadi
]New base 15 september 2017 energy news issue 1084 by khaled al awadiKhaled Al Awadi
 
New base 1062 special 14 august 2017 energy news
New base 1062 special 14 august 2017 energy newsNew base 1062 special 14 august 2017 energy news
New base 1062 special 14 august 2017 energy newsKhaled Al Awadi
 
New base 17 may 2021 energy news issue 1432 by khaled al awadi
New base 17 may 2021 energy news issue   1432  by khaled al awadiNew base 17 may 2021 energy news issue   1432  by khaled al awadi
New base 17 may 2021 energy news issue 1432 by khaled al awadiKhaled Al Awadi
 
New base energy news issue 868 dated 08 june 2016
New base energy news issue  868 dated 08 june 2016New base energy news issue  868 dated 08 june 2016
New base energy news issue 868 dated 08 june 2016Khaled Al Awadi
 
New base special 19 january 2014 khaled alawadi
New base special  19 january 2014 khaled alawadiNew base special  19 january 2014 khaled alawadi
New base special 19 january 2014 khaled alawadiKhaled Al Awadi
 
New base special 19 january 2014
New base special  19 january 2014New base special  19 january 2014
New base special 19 january 2014Khaled Al Awadi
 
New base special 16 february 2014
New base special  16 february 2014New base special  16 february 2014
New base special 16 february 2014Khaled Al Awadi
 
New base energy news issue 946 dated 10 november 2016
New base energy news issue  946 dated 10 november 2016New base energy news issue  946 dated 10 november 2016
New base energy news issue 946 dated 10 november 2016Khaled Al Awadi
 
New base energy news issue 928 dated 20 september 2016
New base energy news issue  928 dated 20 september 2016New base energy news issue  928 dated 20 september 2016
New base energy news issue 928 dated 20 september 2016Khaled Al Awadi
 
New base february 12 2022 energy news issue - 1486 by khaled al awadi (auto...
New base february 12 2022  energy news issue - 1486  by khaled al awadi (auto...New base february 12 2022  energy news issue - 1486  by khaled al awadi (auto...
New base february 12 2022 energy news issue - 1486 by khaled al awadi (auto...Khaled Al Awadi
 
New base energy news 31 january 2019 issue no 1228 by khaled al awadi
New base energy news 31 january 2019 issue no 1228  by khaled al awadiNew base energy news 31 january 2019 issue no 1228  by khaled al awadi
New base energy news 31 january 2019 issue no 1228 by khaled al awadiKhaled Al Awadi
 
Ne base 18 march 2018 energy news issue 1150 by khaled al awadi
Ne base 18 march 2018 energy news issue   1150  by khaled al awadiNe base 18 march 2018 energy news issue   1150  by khaled al awadi
Ne base 18 march 2018 energy news issue 1150 by khaled al awadiKhaled Al Awadi
 
New base energy news 06 march 2019 issue no 1233 by khaled al awadi
New base energy news 06 march 2019 issue no 1233  by khaled al awadiNew base energy news 06 march 2019 issue no 1233  by khaled al awadi
New base energy news 06 march 2019 issue no 1233 by khaled al awadiKhaled Al Awadi
 
New base 04 january 2018 energy news issue 1123 by khaled al awadi
New base 04 january 2018 energy news issue   1123  by khaled al awadiNew base 04 january 2018 energy news issue   1123  by khaled al awadi
New base 04 january 2018 energy news issue 1123 by khaled al awadiKhaled Al Awadi
 
New base 22 septempber 2021 energy news issue 1457 by khaled al awadi
New base  22 septempber 2021 energy news issue   1457  by khaled al awadiNew base  22 septempber 2021 energy news issue   1457  by khaled al awadi
New base 22 septempber 2021 energy news issue 1457 by khaled al awadiKhaled Al Awadi
 
New base energy news 15 august 2020 - issue no. 1363, senior editor eng. ...
New base energy news  15 august   2020 - issue no. 1363,  senior editor eng. ...New base energy news  15 august   2020 - issue no. 1363,  senior editor eng. ...
New base energy news 15 august 2020 - issue no. 1363, senior editor eng. ...Khaled Al Awadi
 

What's hot (20)

New base 1060 special 09 august 2017 energy news
New base 1060 special 09 august 2017 energy newsNew base 1060 special 09 august 2017 energy news
New base 1060 special 09 august 2017 energy news
 
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 february 19 2022 energy news issue - 1488 by khaled al awadi
New base february 19 2022  energy news issue - 1488  by khaled al awadiNew base february 19 2022  energy news issue - 1488  by khaled al awadi
New base february 19 2022 energy news issue - 1488 by khaled al awadi
 
New base february 15 2022 energy news issue - 1487 by khaled al awadi
New base february 15 2022  energy news issue - 1487  by khaled al awadiNew base february 15 2022  energy news issue - 1487  by khaled al awadi
New base february 15 2022 energy news issue - 1487 by khaled al awadi
 
]New base 15 september 2017 energy news issue 1084 by khaled al awadi
]New base 15 september 2017 energy news issue   1084  by khaled al awadi]New base 15 september 2017 energy news issue   1084  by khaled al awadi
]New base 15 september 2017 energy news issue 1084 by khaled al awadi
 
New base 1062 special 14 august 2017 energy news
New base 1062 special 14 august 2017 energy newsNew base 1062 special 14 august 2017 energy news
New base 1062 special 14 august 2017 energy news
 
New base 17 may 2021 energy news issue 1432 by khaled al awadi
New base 17 may 2021 energy news issue   1432  by khaled al awadiNew base 17 may 2021 energy news issue   1432  by khaled al awadi
New base 17 may 2021 energy news issue 1432 by khaled al awadi
 
New base energy news issue 868 dated 08 june 2016
New base energy news issue  868 dated 08 june 2016New base energy news issue  868 dated 08 june 2016
New base energy news issue 868 dated 08 june 2016
 
New base special 19 january 2014 khaled alawadi
New base special  19 january 2014 khaled alawadiNew base special  19 january 2014 khaled alawadi
New base special 19 january 2014 khaled alawadi
 
New base special 19 january 2014
New base special  19 january 2014New base special  19 january 2014
New base special 19 january 2014
 
New base special 16 february 2014
New base special  16 february 2014New base special  16 february 2014
New base special 16 february 2014
 
New base energy news issue 946 dated 10 november 2016
New base energy news issue  946 dated 10 november 2016New base energy news issue  946 dated 10 november 2016
New base energy news issue 946 dated 10 november 2016
 
New base energy news issue 928 dated 20 september 2016
New base energy news issue  928 dated 20 september 2016New base energy news issue  928 dated 20 september 2016
New base energy news issue 928 dated 20 september 2016
 
New base february 12 2022 energy news issue - 1486 by khaled al awadi (auto...
New base february 12 2022  energy news issue - 1486  by khaled al awadi (auto...New base february 12 2022  energy news issue - 1486  by khaled al awadi (auto...
New base february 12 2022 energy news issue - 1486 by khaled al awadi (auto...
 
New base energy news 31 january 2019 issue no 1228 by khaled al awadi
New base energy news 31 january 2019 issue no 1228  by khaled al awadiNew base energy news 31 january 2019 issue no 1228  by khaled al awadi
New base energy news 31 january 2019 issue no 1228 by khaled al awadi
 
Ne base 18 march 2018 energy news issue 1150 by khaled al awadi
Ne base 18 march 2018 energy news issue   1150  by khaled al awadiNe base 18 march 2018 energy news issue   1150  by khaled al awadi
Ne base 18 march 2018 energy news issue 1150 by khaled al awadi
 
New base energy news 06 march 2019 issue no 1233 by khaled al awadi
New base energy news 06 march 2019 issue no 1233  by khaled al awadiNew base energy news 06 march 2019 issue no 1233  by khaled al awadi
New base energy news 06 march 2019 issue no 1233 by khaled al awadi
 
New base 04 january 2018 energy news issue 1123 by khaled al awadi
New base 04 january 2018 energy news issue   1123  by khaled al awadiNew base 04 january 2018 energy news issue   1123  by khaled al awadi
New base 04 january 2018 energy news issue 1123 by khaled al awadi
 
New base 22 septempber 2021 energy news issue 1457 by khaled al awadi
New base  22 septempber 2021 energy news issue   1457  by khaled al awadiNew base  22 septempber 2021 energy news issue   1457  by khaled al awadi
New base 22 septempber 2021 energy news issue 1457 by khaled al awadi
 
New base energy news 15 august 2020 - issue no. 1363, senior editor eng. ...
New base energy news  15 august   2020 - issue no. 1363,  senior editor eng. ...New base energy news  15 august   2020 - issue no. 1363,  senior editor eng. ...
New base energy news 15 august 2020 - issue no. 1363, senior editor eng. ...
 

Viewers also liked

New base 704 special 11 october 2015
New base 704 special  11 october 2015New base 704 special  11 october 2015
New base 704 special 11 october 2015Khaled Al Awadi
 
NewBase 617 special 02 June 2015
NewBase 617 special 02 June 2015NewBase 617 special 02 June 2015
NewBase 617 special 02 June 2015Khaled Al Awadi
 
New base 689 special 17 september 2015
New base 689 special  17 september 2015New base 689 special  17 september 2015
New base 689 special 17 september 2015Khaled Al Awadi
 
New base 676 special 31 august 2015
New base 676 special  31 august 2015New base 676 special  31 august 2015
New base 676 special 31 august 2015Khaled Al Awadi
 
New base 705 special 12 october 2015
New base 705 special  12 october 2015New base 705 special  12 october 2015
New base 705 special 12 october 2015Khaled Al Awadi
 
NewBase 645 special 12 july 2015
NewBase 645 special 12 july 2015NewBase 645 special 12 july 2015
NewBase 645 special 12 july 2015Khaled Al Awadi
 
New base 708 special 18 october 2015
New base 708 special  18 october 2015New base 708 special  18 october 2015
New base 708 special 18 october 2015Khaled Al Awadi
 
Microsoft word new base 661 special 10 august 2015
Microsoft word   new base 661 special  10 august 2015Microsoft word   new base 661 special  10 august 2015
Microsoft word new base 661 special 10 august 2015Khaled Al Awadi
 
NewBase 640 special 05 july 2015
NewBase 640 special 05 july 2015NewBase 640 special 05 july 2015
NewBase 640 special 05 july 2015Khaled Al Awadi
 
New base 695 special 28 september 2015
New base 695 special  28 september 2015New base 695 special  28 september 2015
New base 695 special 28 september 2015Khaled Al Awadi
 
NewBase 613 special 27 May 2015
NewBase 613 special 27 May 2015NewBase 613 special 27 May 2015
NewBase 613 special 27 May 2015Khaled Al Awadi
 
New base 687 special 15 september 2015
New base 687 special  15 september 2015New base 687 special  15 september 2015
New base 687 special 15 september 2015Khaled Al Awadi
 
New base 688 special 16 september 2015
New base 688 special  16 september 2015New base 688 special  16 september 2015
New base 688 special 16 september 2015Khaled Al Awadi
 
NewBase 620 special 07 June 2015
NewBase 620 special 07 June 2015NewBase 620 special 07 June 2015
NewBase 620 special 07 June 2015Khaled Al Awadi
 
New base 707 special 14 october 2015
New base 707 special  14 october 2015New base 707 special  14 october 2015
New base 707 special 14 october 2015Khaled Al Awadi
 
Microsoft word new base 664 special 13 august 2015
Microsoft word   new base 664 special  13 august 2015Microsoft word   new base 664 special  13 august 2015
Microsoft word new base 664 special 13 august 2015Khaled Al Awadi
 
NewBase 641 special 06 july 2015
NewBase 641 special 06 july 2015NewBase 641 special 06 july 2015
NewBase 641 special 06 july 2015Khaled Al Awadi
 
Newbase 653 special 26 july 2015
Newbase 653 special 26 july 2015Newbase 653 special 26 july 2015
Newbase 653 special 26 july 2015Khaled Al Awadi
 

Viewers also liked (18)

New base 704 special 11 october 2015
New base 704 special  11 october 2015New base 704 special  11 october 2015
New base 704 special 11 october 2015
 
NewBase 617 special 02 June 2015
NewBase 617 special 02 June 2015NewBase 617 special 02 June 2015
NewBase 617 special 02 June 2015
 
New base 689 special 17 september 2015
New base 689 special  17 september 2015New base 689 special  17 september 2015
New base 689 special 17 september 2015
 
New base 676 special 31 august 2015
New base 676 special  31 august 2015New base 676 special  31 august 2015
New base 676 special 31 august 2015
 
New base 705 special 12 october 2015
New base 705 special  12 october 2015New base 705 special  12 october 2015
New base 705 special 12 october 2015
 
NewBase 645 special 12 july 2015
NewBase 645 special 12 july 2015NewBase 645 special 12 july 2015
NewBase 645 special 12 july 2015
 
New base 708 special 18 october 2015
New base 708 special  18 october 2015New base 708 special  18 october 2015
New base 708 special 18 october 2015
 
Microsoft word new base 661 special 10 august 2015
Microsoft word   new base 661 special  10 august 2015Microsoft word   new base 661 special  10 august 2015
Microsoft word new base 661 special 10 august 2015
 
NewBase 640 special 05 july 2015
NewBase 640 special 05 july 2015NewBase 640 special 05 july 2015
NewBase 640 special 05 july 2015
 
New base 695 special 28 september 2015
New base 695 special  28 september 2015New base 695 special  28 september 2015
New base 695 special 28 september 2015
 
NewBase 613 special 27 May 2015
NewBase 613 special 27 May 2015NewBase 613 special 27 May 2015
NewBase 613 special 27 May 2015
 
New base 687 special 15 september 2015
New base 687 special  15 september 2015New base 687 special  15 september 2015
New base 687 special 15 september 2015
 
New base 688 special 16 september 2015
New base 688 special  16 september 2015New base 688 special  16 september 2015
New base 688 special 16 september 2015
 
NewBase 620 special 07 June 2015
NewBase 620 special 07 June 2015NewBase 620 special 07 June 2015
NewBase 620 special 07 June 2015
 
New base 707 special 14 october 2015
New base 707 special  14 october 2015New base 707 special  14 october 2015
New base 707 special 14 october 2015
 
Microsoft word new base 664 special 13 august 2015
Microsoft word   new base 664 special  13 august 2015Microsoft word   new base 664 special  13 august 2015
Microsoft word new base 664 special 13 august 2015
 
NewBase 641 special 06 july 2015
NewBase 641 special 06 july 2015NewBase 641 special 06 july 2015
NewBase 641 special 06 july 2015
 
Newbase 653 special 26 july 2015
Newbase 653 special 26 july 2015Newbase 653 special 26 july 2015
Newbase 653 special 26 july 2015
 

Similar to NewBase 629 special 18 June 2015

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
 
New base 06 may 2018 energy news issue 1168 by khaled al awadi
New base 06 may 2018 energy news issue   1168  by khaled al awadi New base 06 may 2018 energy news issue   1168  by khaled al awadi
New base 06 may 2018 energy news issue 1168 by khaled al awadi Khaled Al Awadi
 
New base 1050 special 10 july 2017 energy news
New base 1050 special 10 july 2017 energy newsNew base 1050 special 10 july 2017 energy news
New base 1050 special 10 july 2017 energy newsKhaled Al Awadi
 
NewBase 30-November -2022 Energy News issue - 1570 by Khaled Al Awadi_compre...
NewBase 30-November -2022  Energy News issue - 1570 by Khaled Al Awadi_compre...NewBase 30-November -2022  Energy News issue - 1570 by Khaled Al Awadi_compre...
NewBase 30-November -2022 Energy News issue - 1570 by Khaled Al Awadi_compre...Khaled Al Awadi
 
New base energy news issue 922 dated 05 september 2016
New base energy news issue  922 dated 05 september 2016New base energy news issue  922 dated 05 september 2016
New base energy news issue 922 dated 05 september 2016Khaled Al Awadi
 
New base 09 septemner 2017 energy news issue 1069 by khaled al awadi
New base 09 septemner 2017 energy news issue   1069 by khaled al awadiNew base 09 septemner 2017 energy news issue   1069 by khaled al awadi
New base 09 septemner 2017 energy news issue 1069 by khaled al awadiKhaled Al Awadi
 
New base energy news issue 849 dated 12 may 2016
New base energy news issue  849 dated 12 may 2016New base energy news issue  849 dated 12 may 2016
New base energy news issue 849 dated 12 may 2016Khaled Al Awadi
 
New base 07 may energy news issue 1026 by khaled al awadi
New base 07 may energy news issue   1026 by khaled al awadiNew base 07 may energy news issue   1026 by khaled al awadi
New base 07 may energy news issue 1026 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 615 special 31 may 2015
New base 615 special 31 may 2015New base 615 special 31 may 2015
New base 615 special 31 may 2015Khaled Al Awadi
 
New base 979 special 26 december 2016 energy news
New base 979 special 26 december  2016 energy newsNew base 979 special 26 december  2016 energy news
New base 979 special 26 december 2016 energy newsKhaled Al Awadi
 
NewBase August 03-2022 Energy News issue - 1534 by Khaled Al Awadi.pdf
NewBase August 03-2022  Energy News issue - 1534  by Khaled Al Awadi.pdfNewBase August 03-2022  Energy News issue - 1534  by Khaled Al Awadi.pdf
NewBase August 03-2022 Energy News issue - 1534 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase May 21 -2022 Energy News issue - 1515 by Khaled Al Awadi.pdf
NewBase May 21 -2022  Energy News issue - 1515  by Khaled Al Awadi.pdfNewBase May 21 -2022  Energy News issue - 1515  by Khaled Al Awadi.pdf
NewBase May 21 -2022 Energy News issue - 1515 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
 
New base special 01 april 2014
New base special  01  april 2014New base special  01  april 2014
New base special 01 april 2014Khaled Al Awadi
 
NewBase 15-December-2022 Energy News issue - 1574 by Khaled Al Awadi_compres...
NewBase 15-December-2022  Energy News issue - 1574 by Khaled Al Awadi_compres...NewBase 15-December-2022  Energy News issue - 1574 by Khaled Al Awadi_compres...
NewBase 15-December-2022 Energy News issue - 1574 by Khaled Al Awadi_compres...Khaled Al Awadi
 
New base 19 january 2020 energy news issue 1399 by khaled al awadi-
New base 19  january  2020 energy news issue   1399  by khaled al awadi-New base 19  january  2020 energy news issue   1399  by khaled al awadi-
New base 19 january 2020 energy news issue 1399 by khaled al awadi-Khaled Al Awadi
 
New base energy news 09 july 2020 issue no. 1354 by senior editor khaled ...
New base energy news  09 july 2020   issue no. 1354  by senior editor khaled ...New base energy news  09 july 2020   issue no. 1354  by senior editor khaled ...
New base energy news 09 july 2020 issue no. 1354 by senior editor khaled ...Khaled Al Awadi
 
New base energy news 25 july 2020 issue no. 1358 senior edito...
New base energy news  25 july 2020   issue no. 1358              senior edito...New base energy news  25 july 2020   issue no. 1358              senior edito...
New base energy news 25 july 2020 issue no. 1358 senior edito...Khaled Al Awadi
 

Similar to NewBase 629 special 18 June 2015 (20)

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...
 
New base 06 may 2018 energy news issue 1168 by khaled al awadi
New base 06 may 2018 energy news issue   1168  by khaled al awadi New base 06 may 2018 energy news issue   1168  by khaled al awadi
New base 06 may 2018 energy news issue 1168 by khaled al awadi
 
New base 1050 special 10 july 2017 energy news
New base 1050 special 10 july 2017 energy newsNew base 1050 special 10 july 2017 energy news
New base 1050 special 10 july 2017 energy news
 
NewBase 30-November -2022 Energy News issue - 1570 by Khaled Al Awadi_compre...
NewBase 30-November -2022  Energy News issue - 1570 by Khaled Al Awadi_compre...NewBase 30-November -2022  Energy News issue - 1570 by Khaled Al Awadi_compre...
NewBase 30-November -2022 Energy News issue - 1570 by Khaled Al Awadi_compre...
 
New base energy news issue 922 dated 05 september 2016
New base energy news issue  922 dated 05 september 2016New base energy news issue  922 dated 05 september 2016
New base energy news issue 922 dated 05 september 2016
 
New base 09 septemner 2017 energy news issue 1069 by khaled al awadi
New base 09 septemner 2017 energy news issue   1069 by khaled al awadiNew base 09 septemner 2017 energy news issue   1069 by khaled al awadi
New base 09 septemner 2017 energy news issue 1069 by khaled al awadi
 
New base energy news issue 849 dated 12 may 2016
New base energy news issue  849 dated 12 may 2016New base energy news issue  849 dated 12 may 2016
New base energy news issue 849 dated 12 may 2016
 
New base 07 may energy news issue 1026 by khaled al awadi
New base 07 may energy news issue   1026 by khaled al awadiNew base 07 may energy news issue   1026 by khaled al awadi
New base 07 may energy news issue 1026 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 615 special 31 may 2015
New base 615 special 31 may 2015New base 615 special 31 may 2015
New base 615 special 31 may 2015
 
New base 979 special 26 december 2016 energy news
New base 979 special 26 december  2016 energy newsNew base 979 special 26 december  2016 energy news
New base 979 special 26 december 2016 energy news
 
NewBase August 03-2022 Energy News issue - 1534 by Khaled Al Awadi.pdf
NewBase August 03-2022  Energy News issue - 1534  by Khaled Al Awadi.pdfNewBase August 03-2022  Energy News issue - 1534  by Khaled Al Awadi.pdf
NewBase August 03-2022 Energy News issue - 1534 by Khaled Al Awadi.pdf
 
NewBase May 21 -2022 Energy News issue - 1515 by Khaled Al Awadi.pdf
NewBase May 21 -2022  Energy News issue - 1515  by Khaled Al Awadi.pdfNewBase May 21 -2022  Energy News issue - 1515  by Khaled Al Awadi.pdf
NewBase May 21 -2022 Energy News issue - 1515 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
 
New base special 01 april 2014
New base special  01  april 2014New base special  01  april 2014
New base special 01 april 2014
 
NewBase 15-December-2022 Energy News issue - 1574 by Khaled Al Awadi_compres...
NewBase 15-December-2022  Energy News issue - 1574 by Khaled Al Awadi_compres...NewBase 15-December-2022  Energy News issue - 1574 by Khaled Al Awadi_compres...
NewBase 15-December-2022 Energy News issue - 1574 by Khaled Al Awadi_compres...
 
New base 19 january 2020 energy news issue 1399 by khaled al awadi-
New base 19  january  2020 energy news issue   1399  by khaled al awadi-New base 19  january  2020 energy news issue   1399  by khaled al awadi-
New base 19 january 2020 energy news issue 1399 by khaled al awadi-
 
New base energy news 09 july 2020 issue no. 1354 by senior editor khaled ...
New base energy news  09 july 2020   issue no. 1354  by senior editor khaled ...New base energy news  09 july 2020   issue no. 1354  by senior editor khaled ...
New base energy news 09 july 2020 issue no. 1354 by senior editor khaled ...
 
New base energy news 25 july 2020 issue no. 1358 senior edito...
New base energy news  25 july 2020   issue no. 1358              senior edito...New base energy news  25 july 2020   issue no. 1358              senior edito...
New base energy news 25 july 2020 issue no. 1358 senior edito...
 

More from Khaled Al Awadi

NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...Khaled Al Awadi
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdfNewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdfKhaled Al Awadi
 
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdfKhaled Al Awadi
 
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdfKhaled Al Awadi
 
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdfNewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdfNewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...Khaled Al Awadi
 
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...Khaled Al Awadi
 
NewBase 22 January 2024 Energy News issue - 1701 by Khaled Al Awadi 2_compr...
NewBase  22 January 2024  Energy News issue - 1701 by Khaled Al Awadi 2_compr...NewBase  22 January 2024  Energy News issue - 1701 by Khaled Al Awadi 2_compr...
NewBase 22 January 2024 Energy News issue - 1701 by Khaled Al Awadi 2_compr...Khaled Al Awadi
 
NewBase 19 January 2024 Energy News issue - 1700 by Khaled Al Awadi_compres...
NewBase  19 January 2024  Energy News issue - 1700 by Khaled Al Awadi_compres...NewBase  19 January 2024  Energy News issue - 1700 by Khaled Al Awadi_compres...
NewBase 19 January 2024 Energy News issue - 1700 by Khaled Al Awadi_compres...Khaled Al Awadi
 

More from Khaled Al Awadi (20)

NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
 
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
 
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdfNewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdf
 
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdf
 
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
 
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...
 
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdfNewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdf
 
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdfNewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdf
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
 
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...
 
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...
 
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...
 
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
 
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...
 
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...
 
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...
 
NewBase 22 January 2024 Energy News issue - 1701 by Khaled Al Awadi 2_compr...
NewBase  22 January 2024  Energy News issue - 1701 by Khaled Al Awadi 2_compr...NewBase  22 January 2024  Energy News issue - 1701 by Khaled Al Awadi 2_compr...
NewBase 22 January 2024 Energy News issue - 1701 by Khaled Al Awadi 2_compr...
 
NewBase 19 January 2024 Energy News issue - 1700 by Khaled Al Awadi_compres...
NewBase  19 January 2024  Energy News issue - 1700 by Khaled Al Awadi_compres...NewBase  19 January 2024  Energy News issue - 1700 by Khaled Al Awadi_compres...
NewBase 19 January 2024 Energy News issue - 1700 by Khaled Al Awadi_compres...
 

Recently uploaded

Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...lizamodels9
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Timedelhimodelshub1
 
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | DelhiFULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | DelhiMalviyaNagarCallGirl
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...anilsa9823
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
Pitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deckPitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deckHajeJanKamps
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...lizamodels9
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...lizamodels9
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
rishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdfrishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdfmuskan1121w
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 

Recently uploaded (20)

Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Time
 
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | DelhiFULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
Pitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deckPitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deck
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
rishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdfrishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdf
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 

NewBase 629 special 18 June 2015

  • 1. Copyright © 2015 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 endeavours 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 18 June 2015 - Issue No. 629 Khaled Al Awadi NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE Dubai: ABB contracted to integrate solar energy into the grid http://www.mena.abb.com/cawp/seitp202/37e4a4cf0465ed60c1257e67002d182a.aspx ABB paves the way for more solar power in Dubai ABB, the leading power and automation technology group, has won an order worth around $20 million from Dubai Electricity & Water Authority (DEWA) , to extend a substation that will integrate more solar energy into the grid, helping diversify Dubai’s energy mix to meet growing demand. DEWA is doubling the net output capacity of phase II of the Mohammed bin Rashid Al Maktoum solar park from 100 megawatts (MW) to 200 MW. ABB previously won a substation order in 2014 to integrate 100 MW from the park into the grid. This utility scale solar photovoltaic plant, which covers 4.5 square kilometers, will produce enough electricity to power more than 30,000 homes serving 130,000 people. Its addition to the UAE system displaces the need for power from fossil fuels that would have produced about 250,000 tons of carbon emissions annually. “We are working to achieve the goals of UAE Vision 2021 and Dubai Plan 2021 to support Dubai’s economic growth, through diverse and secure Energy supply and Efficient Energy use, while meeting environmental and sustainability objectives. DEWA is also committed to achieving the Dubai Integrated Energy Strategy 2030 to generate 7 percent of Dubai’s total power output from renewable energy by 2020 and 15% by 2030,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA. “ABB’s advanced technologies will help to efficiently integrate renewable solar energy into the grid, enhancing capacity and reliability of supplies,” said Claudio Facchin, president of ABB’s Substation extension to integrate more solar energy into UAE grid and enhance grid reliability
  • 2. Copyright © 2015 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 endeavours 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 Power Systems division. “We are proud to contribute to Dubai and the UAE’s energy diversification initiative and bring clean energy to meet growing industrial, commercial and residential demand. This project reiterates our focus on growing markets and renewables in line with our Next Level strategy.” As part of this turnkey project, ABB is responsible for the design, engineering, supply, installation and commissioning of the substation’s extension. Key products to be supplied include three bays of 400 kilovolt (kV) and eleven bays of compact 132 kV gas-insulated switchgear (GIS), power transformers, and IEC 61850-based open architecture automation and controls. The project is scheduled to be completed in 2016. The UAE, a leader in solar power in the Middle East, was the departure point for Solar Impulse 2, the ABB-supported airplane attempting to make the first solar-powered flight around the world. The plane is due to return to the UAE this year. ABB’s heritage of technology innovation in renewables, sustainable transportation and energy efficiency makes it an ideal partner for Solar Impulse’s pioneering effort. ABB (www.abb.com) is a leader in power and automation technologies that enable utility, industry, and transport and infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 140,000 people. Key products to be supplied include three bays of 400 kilovolt (kV) and eleven bays of compact 132 kV gas-insulated switchgear (GIS), power transformers, and IEC 61850-based open architecture automation and controls, said the company in a statement. The project is scheduled to be completed in 2016, it added. Dewa is doubling the net output capacity of phase II of the Mohammed bin Rashid Al Maktoum solar park from 100 megawatts (MW) to 200 MW. ABB had previously won a substation order in 2014 to integrate 100 MW from the park into the grid. This utility scale solar photovoltaic plant, which covers 4.5-sq-km, will produce enough electricity to power more than 30,000 homes serving 130,000 people, said the ABB in its statement. Its addition to the UAE system displaces the need for power from fossil fuels that would have produced about 250,000 tons of carbon emissions annually. "Dewa is committed to achieving the Dubai Integrated Energy Strategy 2030 to generate seven per cent of Dubai’s total power output from renewable energy by 2020 and 15 per cent by 2030,” said its managing director & CEO Saeed Mohammed Al Tayer. “We are proud to contribute to Dubai and the UAE’s energy diversification initiative and bring clean energy to meet growing industrial, commercial and residential demand. This project reiterates our focus on growing markets and renewables in line with our Next Level strategy,”
  • 3. Copyright © 2015 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 endeavours 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 Abu Dhabi pumps up oil investment on oil production © Oxford Business Group 2015 + Zawya + NewBase Plans by Abu Dhabi to invest more than $25bn over the next five years to increase offshore oil production capacity look set to secure the emirate's position as a leading oil producer, amidst a global decrease in oil and gas capital expenditure. The increased investment flow will involve some $2.5bn being spent annually on new offshore drilling activities, combined with an expansion of infrastructure to bring new wells on line, according to Qasem Al Kayoumi, manager of the offshore division of the exploration and production directorate of the Abu Dhabi National Oil Company ( ADNOC ). The investments form part of a medium-term programme to boost output from the present level of around 3m barrels per day (bpd) to 3.5m bpd by 2019, with ADNOC planning to drill some 160 wells annually for the next few years, Al Kayoumi told media. "It is a considerable increase - the number of rigs has built up considerably in offshore, it could be more than a 50% increase," he said. The state-owned oil company had initially aimed to increase capacity by 500,000 bpd by 2017, but the company announced in early June that it would reach only 3.4m bpd by the end of 2017 with the expansion project potentially not completed until 2019. "This is because of some normal delays in such a large project," Al Kayoumi told reporters at a conference. "There have been changes in scope." Much of the investment to expand production capacity will be directed through the Abu Dhabi Marine Operating Company (ADMA-OPCO) - an ADNOC -led joint venture - and the Zakum Development Company ( ZADCO ), which is managing the opening of the Upper Zakum reserves, among the world's largest oil fields. At present the ADMA-OPCO and the ZADCO fields account for 1.2m bpd, a figure ADNOC has estimated will rise to 1.6m bpd by 2017 or 2018. Price plunge no deterrent to investment The move by the emirate to ramp up investment to increase production is in line with regional players such as Kuwait and Saudi Arabia, but runs contrary to global trends. Oil services company Petrofac estimates that spending on new capacity is down by 20% or more globally after oil prices plunged from their highs of two years ago, but spending in the GCC remains solid. "In the Middle East ... we are seeing national oil companies maintaining strategic spending and therefore flat to modest growth in investment across the region," said Tim Well, CFO at Petrofac, quoted in May by regional media. Nor has the recent decline in prices deterred the emirate's offshore energy producer from reducing investment levels, according to ADMA-OPCO CEO Ali Al Jarwan. "Despite the fall in oil price we have no plans to slow down in terms of our long term investment strategy, Al Jarwan told OBG. "We are still very much on track in terms of raising our production levels in order to achieve our targets."
  • 4. Copyright © 2015 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 endeavours 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 These include continued investment in offshore rigs to support production growth and using advanced technology to help manage reservoirs and achieve recovery rates of 70%, he said. Production at ADMA-OPCO's new offshore Nasr field began in late January, with a maximum output of 65,000 bpd forecast when the field − located about 130 km to the north-west of Abu Dhabi City − is fully developed. The company is also working to open up its Satah Al Razboot (SARB) offshore field, also to the north-west of the capital, with the facility to be operational by 2017. Earlier this year, oil services company Schlumberger was granted a $185m contract to provide well construction services for the SARB development, which is expected to add 100,000 bpd to the emirate's output. The increased pace of investment and demand for rigs and services by Abu Dhabi will be welcome news for firms in the oil technology and support sector. Earlier this year ratings agency Moody's estimated that earnings in the oilfield services sector would fall by 12-17% if oil prices average $75 per barrel this year. Earnings could fall to as low as 30% should the average price be less than $60 - Brent crude was trading at $65 per barrel at the start of June. Extending ageing fields While working on new deposits, producers are also investing in technology to extend the operational life of mature fields. Both gas and water injection are amongst techniques that can be used to boost pressure in older wells and enhance recovery. One further option that is being explored in Abu Dhabi is using CO2 injection rather than gas or water due to limited gas reserves, with feasibility studies being conducted to see if this route can be used as a long-term measure. The move towards enhanced extraction will offer additional opportunities for companies able to deploy advanced recovery technology, with demand for such solutions set to grow in coming years as more of Abu Dhabi's established fields approach the later stages of their productive life.
  • 5. Copyright © 2015 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 endeavours 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 UAE: Enec installs second reactor vessel at Barakah The National The UAE completed another milestone on Wednesday in its groundbreaking nuclear power programme. Enec, the Emirates Nuclear Energy Corporation, has installed the plant’s second reactor vessel, which is where energy production takes place, in Barakah in the Western Region. The installation ceremony was attended by Sheikh Hamdan bin Zayed, the Ruler’s Representative in the Western Region, who said the UAE attached great importance to transparency in the development and operation of its nuclear programme. “That principle is one of the main elements of national policy and I am proud to be here in Barakah today to witness the delivery of yet another safe and on-time milestone in the UAE’s peaceful nuclear energy programme,” Sheikh Hamdan said. “Safe, clean and reliable nuclear energy has an important role to play in the future of our nation and in the Western Region in particular. “The role of the peaceful nuclear energy programme in the Western Region is instrumental and will bring many benefits, from the creation of high-value job opportunities to the emergence of a sophisticated new industrial sector to support operations in Barakah.” Hamad Alkaabi, UAE Ambassador to the International Atomic Energy Agency, said the event demonstrated that the project was on track.
  • 6. Copyright © 2015 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 endeavours 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 vessel is the main component in the nuclear reactor,” he said. “It is designed to contain the fuel assembly and coolant where the nuclear reaction takes place to produce energy. Installation of the pressure vessel indicates the advanced stage of construction.” Experts say it the most important part of a reactor. “The installation is very significant,” said Lady Barbara Judge, former head of the UK Atomic Energy Agency. “The reactor vessel houses all the technological parts of the reactor. “This shows that the lessons that have been learnt around the world, especially at Barakah 1, have been well-integrated into the construction of Barakah 2, which is why the Abu Dhabi nuclear power project can be considered one of the best in the world. “The technology, construction and the safety culture are of the highest standards.” Mohammed Al Hammadi, chief executive of Enec, said: “It is the culmination of many months of hard work and dedication from our team. “In 2017, these reactors will begin producing the vital electricity needed to meet the country’s rapidly growing energy demands and support our continued social and economic growth.” During the event, Sheikh Hamdan was updated on the developments since his visit last July. This included reports on Enec’s progress in construction and industrial development that supports local companies. Sheikh Hamdan signed the base of the reactor vessel before it was lifted inside the Unit 2 reactor containment building. He also met Emirati nuclear engineers. “The UAE puts its hopes and aspirations in generations like yours, who are equipped with modern scientific knowledge,” he said. “Imparting this knowledge to the people of the UAE is the first and chief pillar of these plans, and therefore developing a workforce of scientifically and culturally qualified Emiratis is the primary concern of the UAE leadership.” Unit 1 is now more than 73 per cent complete and expected to enter commercial operations in 2017. Unit 2 is 50 per cent complete and expected to follow in 2018, pending regulatory approval from the Federal Authority on Nuclear Regulation. The event was also attended by Sheikha Lubna Al Qasimi, Minister of International Cooperation and Development, and Khaldoon Al Mubarak, Chairman of the Executive Affairs Authority.
  • 7. Copyright © 2015 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 endeavours 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 Iraq crude exports hit record so far in June Reuters + NewBase Iraq’s oil exports have averaged 3.2mn bpd so far in June, according to loading data and an industry source, setting shipments from Opec’s second-largest producer on course for a record high. Another boost from Iraq underlines the focus of major members of the Organisation of the Petroleum Exporting Countries in keeping market share, not restraining supply to support prices. Opec met on June 5 and kept its policy unchanged. Exports from Iraq’s southern terminals have averaged 3mn bpd in the first 15 days of June, according to shipping data seen by Reuters and an industry source, up from 2.69MBD in May. Shipments have jumped after Iraq’s decision to split the crude stream into two grades, Basra Heavy and Basra Light, to resolve quality issues. Some companies working at Iraqi oilfields have increased production following the move. “Today after the introduction of Basra Heavy exports, curtailment of our production no longer exists,” Gati al-Jebouri, senior vice president from Lukoil Overseas, told a London Iraq oil conference on June 9. Lukoil operates the West Qurna II field in Iraq. The southern fields produce most of Iraq’s oil. Located far from the parts of the country controlled by Islamic State, they have kept pumping despite the conflict. But exports from Iraq’s north via Ceyhan in Turkey, comprising Iraq’s Kirkuk crude and Kurdish oil, have averaged 200,000 bpd so far in June, according to loading data, less than half of May’s 451,000 bpd. Northern exports were offline for most of 2014 and resumed in December following a deal between Baghdad and the Kurdistan Regional Government, which has since shown some signs of strain. Kurdistan stopped sending oil for a few days in early June, but the two sides blamed technical difficulties for the delays and say they remain committed to the deal. The June exports are in line with figures given on June 9 by Falah Alamri, the head of Iraq’s State Oil Marketing Organisation (SOMO), at the London conference. Iraq said its exports in May were a record 3.15MBD. Iraq is targeting a further increase in exports in 2015 to 3.3mn bpd, a level Iraqi officials say is within reach. Risks include bad weather, technical problems and unrest, which can disrupt flows. A worker walks in West Qurna oilfield in Iraq’s southern province of Basra (file). The southern fields produce most of Iraq’s oil. Located far from the parts of the country controlled by Islamic State, they have kept pumping despite the conflict.
  • 8. Copyright © 2015 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 endeavours 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 Turkey Imported 49 bcm of Natural Gas Last Year Daily Sabah + NewBase Turkey imported 49.2 billion cubic meters (bcm) of natural gas in 2014, up 8.82 percent on year. The biggest supplier was Russia which exported 26.9 bcm, corresponding to 54.7 percent of all imports, Daily Sabah reported Wednesday citing Energy Market Regulatory Authority (EMRA) data. Other important supplier were Iran and Azerbaijan exporting 8.9 bcm and 6 bcm of natural gas respectively. Turkey's 7.2 bcm of LNG imports in 2014 constitutes 14.78 percent of all natural gas imports for the year, the data showed. Of LNG imports, little over three fourth was bought by state-owned energy company BOTAŞ from Algeria and Nigeria, while the rest was imported on a spot basis. Meanwhile, natural gas production declined by 10.8 percent to 479 million cubic meters, Daily Sabah reported citing the data.
  • 9. Copyright © 2015 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 endeavours 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 Malaysia: MEO Australia signs cooperation agreement with Brooke for Malaysia opportunities… Source: MEO Australia MEO Australia and Malaysian based Brooke Dockyard & Engineering Work Corporation (Brooke) have signed an agreement to form a consortium to cooperate to identify and jointly bid on oil and gas exploration and development opportunities within Sarawak and the whole of Malaysia. Under the agreement, MEO will provide technical assistance and opportunity evaluation assistance to Brooke and in return Brooke will fund the evaluation activities and the exploration component of joint bids for successfully screened opportunities that meet the collective criteria of the partners. For the initial opportunity to be considered under the agreement, Brooke will have a 75% participating interest and MEO a 25% participating interest. Brooke will bring strong local Malaysian content to MEO having access to local fabrication and construction capability, for both onshore and offshore facilities. The parties have also agreed to work together in a suitable framework to develop and operate oil and gas prospects to the mutual benefit of their stakeholders, shareholders, local community and people of Sarawak.
  • 10. Copyright © 2015 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 endeavours 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 Oil Price Drop Special Coverage Oil prices dip on U.S. gasoline build, but supported by weak dollar Reuters + NewBase Oil prices slipped on Thursday after U.S. government data showed gasoline stocks and distillate inventories rose last week, although the falls were checked by continuing Middle East geopolitical tensions and a weaker U.S. dollar. U.S. July crude CLc1 lost 42 cents to $59.50 a barrel as of 0219 ET after falling 5 cents in the previous session. Brent August crude LCOc1 declined 30 cents to $63.57 a barrel after it settled 17 cents higher on Wednesday at $63.87. Data from the U.S. Energy Information Administration (EIA) showed crude inventories USOILC=ECI fell more than expected last week, but gasoline stocks USOILG=ECI rose by 460,000 barrels, beating analysts' expectations for a 314,000-barrel drop. The EIA report also showed that operating capacity at U.S. refineries fell to 93.1 percent last week from 94.6 percent. "Expectations were for an increase ... the reaction to this (inventory) data shows that the reasoning behind such price support is fragile," ANZ bank said in a report. After the Federal Reserve signaled it may wait until late this year to raise interest rates, the U.S. dollar slid while Wall Street stocks rose in volatile trading. Asian equities also rose early on Thursday. "Oil prices were revived by a weakening USD as a result of a bearish FOMC," Phillip Futures said. "Since we expect the FOMC meeting to be the main card this week, we believe that prices should move sideways for the rest of the week." China's new home prices rebounded nationwide for the first time in 13 months in May from April, suggesting the property downturn is bottoming out, although the overhang of inventory and new building could continue to drag on the economy this year. In the United States, tropical depression Bill drenched large parts of Texas on Wednesday, but oilfields in the Gulf of Mexico and near the coast were unaffected. Refineries also ran normally.
  • 11. Copyright © 2015 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 endeavours 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 OPEC Revenues Slump Below $1 Trillion for First Time Since 2010 Bloomberg + NewBase OPEC nations’ revenue from petroleum exports plunged below $1 trillion last year for the first time since 2010, highlighting how slumping crude prices hurt countries reliant on oil sales to fund their economies. The group’s 12 members earned $993.3 billion in 2014, a decrease of 11 percent from a year earlier, according to the Organization of Petroleum Exporting Countries’ annual report published Tuesday. Their combined current account balance slumped by 35 percent to $273.6 billion as the drop in exports was accompanied by an increase in imports. The revenue drop shows the strain on the group’s members as they increase pumping at a time of oversupply, following a Saudi Arabia-led strategy of defending market share instead of prices. OPEC nations agreed on June 5 to keep a production limit of 30 million barrels a day, a level they have exceeded every month since June last year, according to data compiled by Bloomberg. If OPEC keeps pumping at current rates through the third quarter, production will have exceeded demand for the longest period in at least three decades, International Energy Agency data show. Almost all the group’s members aren’t earning enough from current oil prices to balance their budgets, according to data compiled by Bloomberg.
  • 12. Copyright © 2015 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 endeavours 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 Oil & Gas UK urges North Sea industry to be sustainable at $60 oil Oil & Gas UK + OffshoreEnergy + NewBase Oil & Gas UK’s chief executive, Deirdre Michie, warned today, June 17, 2015, that the UK offshore oil and gas industry must become sustainable ‘in a world of $60 oil’. The rallying call was made before an audience of over 500 people in Aberdeen at the opening of the trade association’s annual conference, sponsored by EY. First Minister of Scotland, the Rt Hon Nicola Sturgeon MSP, and chief executive of the Oil and Gas Authority, Andy Samuel, also addressed delegates. Deirdre Michie commented: “Here in Aberdeen and throughout the UK, from Teesside to Truro, from Aberdeen to Anglesey, we have built an industrial powerhouse for the UK – the offshore oil and gas industry. In terms of our economic contribution and value to the country, this industry stands head and shoulders above the rest. We have paid more to the Treasury than most other industrial sectors, we generate hundreds of thousands of skilled jobs, we have a vibrant supply chain, at home and abroad, and make a key contribution to the UK’s security of energy supply. It is an industry that has grown and evolved for 50 years. “…we know that as an industry we have been part of the problem; now we need to be part of the solution.” “However, we now face real and present threats that are challenging our future. At $60 oil, 10 per cent of our production is struggling to make money and there is a shortage of capital and a shortage of investors willing to place their money here. While demand for our products remains strong, critical for our transport and heating our homes and giving us a whole host of everyday products, our productivity as an industry has fallen – and fallen rapidly. “In relation to our escalating cost base, we know that as an industry we have been part of the problem; now we need to be part of the solution. “Over the last 20 years, the price has averaged at $62 per barrel and the forward curve is between $65 and $75. Therefore it is not unreasonable for the North Sea to set out its stall at being sustainable in a $60 world. As a target, it’s one that we as a trade association can champion, Government can align with and the regulator can pursue as an enabler, for example, to focus on key infrastructure.” “We must avoid doing the same things in the same way and expecting a different outcome.” Deirdre Michie called for a change in mindset: “To succeed with this approach, we have to be open to change. We must avoid doing the same things in the same way and expecting a different outcome. We have had a decade of escalating costs, so we can be sure that our current approach
  • 13. Copyright © 2015 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 endeavours 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 doesn’t work. We need to think about this from an investor’s point of view. Given that we compete for investment dollars on a global basis, we must ensure the UK is a commercially attractive and predictable place in which to invest. “Learning from our mistakes, we know that our focus cannot merely be on ‘cutting costs’, but must more fundamentally address the efficiency of the basin. Focusing on efficiency means that, if or when the oil price bounces back, we will be best placed to seize new opportunities. And let’s not forget, efficient management is also safe management – and I know safety remains the top priority for everyone in this room.” Deirdre Michie gave examples of efficiency improvements already happening within the industry, highlighting the gains Total and Nexen have made by engaging with the workforce to help drive positive change, adding: “In order to be successful in the future, we too must raise the bar in terms of co-operating. We must work together to secure the future of this industry – for this country. There is a role for everyone – client, customer, employer and employee. For unions, for governments, for regulators and for trade associations. This is not a time for conflict or entrenched positions. We don’t need to wait for consensus, but we do need leadership in this industry to drive co-operation and an ‘early adopter’ culture from companies willing to rise to the challenge.” “And in working together I am very confident that we will be successful in delivering a safe and competitive industry that is indeed sustainable in a $60 world.” Concluding with comments on the prize to be won through the industry’s efficiency drive, Deirdre Michie said: “With over 20 billion barrels of oil and gas still to play for, there’s plenty of opportunity to ensure an indigenous supply for the country. On a global-scale we might be a small player, but we’re also a world-leader. Our technical expertise is unsurpassed and reflected in the quality, the capability and the success story that is our supply chain. “I’m pleased to be able to say that we have come together, aligned as to the prize our industry still offers. In keeping together, we have already made progress with the OGA being set up, positive fiscal change being delivered and industry working hard to improve its competitiveness. And in working together I am very confident that we will be successful in delivering a safe and competitive industry that is indeed sustainable in a $60 world.”
  • 14. Copyright © 2015 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 endeavours 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 Low oil price hits $200 billion in mega-projects Reuters + NewBase Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said on Tuesday. Further project cuts and delays are likely as the industry braces for an extended period of lower oil prices as a result of a supply glut. “The mind set in the industry at the moment is that prices are unlikely to be bouncing up materially in the near term,” the consultancy’s Andy Brogan said in a presentation. “There is an expectation that volatility is with us for a reasonable period of time to come and companies need to cope with that.” The delays in multi-billion dollar projects that can take up to 10 years to develop, and needed to support rising global demand for energy, could create a shortage in the future. International companies have responded rapidly to the near halving of oil prices since last June, slashing tens of billions of dollars in capital spending in order to boost their balance sheets and maintain dividend payouts to investors. “A total of $200 billion of oil and gas projects have been deferred or cancelled,” said Brogan, global oil and gas transactions leader at Ernst and Young. “Portfolios reviews are happening more frequently and probably with more rigour,” Brogan told the World National Oil Companies Congress. “There isn’t anywhere for projects to hide.” The main 24 mega projects that have been put on ice or scrapped are spread across the globe, according to EY. For oil, many of the projects are complex, deepwater fields in the Gulf of Mexico, the North Sea, West Africa and Southeast Asia with budgets of up to $20 billion. Among the most expensive are liquefied natural gas facilities such as the Arrow liquefied natural gas (LNG) project in Australia, operated by Royal Dutch Shell’s and PetroChina and BG Group’s Prince Rupert LNG project in Canada. Though often just as expensive, most oil mega-projects benefit from the advantage of returning value within 3 to 4 years from first investment, compared with up to 12 years for LNG projects, Brogan said. “We have seen IOCs (international oil companies) already go through one rigorous review of their portfolio. We are now seeing them turning their attention to see how flexibility can be embedded in their portfolios and businesses”.
  • 15. Copyright © 2015 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 endeavours 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 NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE Your partner in Energy Services NewBase energy news is produced daily (Sunday to Thursday) and sponsored by Hawk Energy Service – Dubai, UAE. For additional free subscription emails please contact Hawk Energy Khaled Malallah Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Emarat member since 1990 ASME member since 1995 Hawk Energy member 2010 Mobile: +97150-4822502 khdmohd@hawkenergy.net khdmohd@hotmail.com Khaled Al Awadi is a UAE National with a total of 25 years of experience in the Oil & Gas sector. Currently working as Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for the GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas Operations Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years, he has developed great experiences in the designing & constructing of gas pipelines, gas metering & regulating stations and in the engineering of supply routes. Many years were spent drafting, & compiling gas transportation, operation & maintenance agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE and Energy program broadcasted internationally, via GCC leading satellite Channels. NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE NewBase 18 June 2015 K. Al Awadi
  • 16. Copyright © 2015 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 endeavours 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
  • 17. Copyright © 2015 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 endeavours 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