New base special 17 august 2014

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NewBase 17 August 2014 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
International renewable companies shortlisted for 2nd
phase of
Dubai solar park . The National + NewBase
Two dozen international renewable energy companies have been shortlisted for the second phase
of a Dh12 billion solar park project in Dubai. The Dubai Electricity and Water Authority (Dewa)
said it had received 49
qualification documents
for the Dh1bn, 100 mega
watt Phase II of the
Mohammed bin Rashid
Al Maktoum Solar Park,
Wam reported
yesterday. The park is
expected to produce
1,000MW by 2030.
The first phase of the
project, which includes a
Dh120 million, 13MW
photovoltaic power plant
at Seih Al Dahal, 30
kilometres south-east of
the city, opened last year
and has been connected
to the emirate’s power grid. The new 100MW plant will also rely on photovoltaic technology. Dewa
is looking for a private partner who will own 49 per cent of the project. The qualification process
began in May and is expected to close in October. Dewa did not disclose the names of the
companies involved. However, Yingli, one of the world’s largest photovoltaic solar panel
manufacturers, said in May that it would be bidding for work on the new plant. About 150 firms bid
in the first phase.
“Through implementing the Dubai Integrated Energy Strategy 2030, Dewa is fulfilling the vision of
our prudent leadership for the sustainable development of Dubai,” said Saeed Mohammed Al
Tayer, the managing director and chief executive of Dewa. The Dubai Integrated Strategy 2030
aims to diversify the energy mix by 2030 to comprise 71 per cent from natural gas, 12 per cent
from nuclear power, 12 per cent from clean coal and 5 per cent from solar power, Mr Al Tayer
said.
Masdar, Abu Dhabi’s clean energy company, operates a 10MW photovoltaic plant at its
headquarters and the 100MW Shams 1 plant near Madinat Zayed, which uses concentrated solar
power to heat thermal fluid and produce energy through a steam turbine. The UAE is third
globally, behind Spain and the United States, in terms of concentrated solar power investment and
capacity,

KNPC to invest USD35bn in oil and gas projects
Zawya + NewBase
A new five-year development plan, or Kuwait Development Plan (KDP) for 2015-2020 was
announced earlier in August with a focus on economic reform and the implementation of several
long-stalled mega strategic projects, a senior
government official said.
The plan, which includes the establishment of joint
Public Private Partnership (PPP) projects with capital
exceeding KD 8bln, was debated and approved by
the cabinet but, must still be approved by the
parliament.
The plan aims to address a range of challenges and
imbalances facing the socio-economic development
process, Hind Al-Subaih, Minister of Social Affairs
and Labour and Minister of State for Development
and Planning Affairs. The plan has two objectives:
1. to address the imbalances in the economic reforms through giving a free rein to the private
sector to play a bigger role in development; and
2. to realize the country's strategic vision through the implementation of mega projects, Al-Subaih
explained.
The country's last five-year development plan did not have a successful implementation rate as
many of the previous plan's projects have been moved to the 2015-2020 plan. The plan has made
only sluggish PROGRESS ; as of January 2014 the government had spent only 57% of the
allocated budget.
Some of the projects included in the plan are:
* Construction of a metro project and KD 8bln rail project to link the five partners of the Gulf
Cooperation Council;
* A media city;
* Privatisation of some public schools and cooperatives and university;
* Further development of the Mubarak Al Kabeer Port on Boubiyan Island;
* Al Zour 2 power generation project;
* Al Zour refinery and the construction of a refinery and petrochemical complex in China as well as
another petrochemicals complex in Vietnam;
* Establishment of a joint stock low-cost housing company;
* Madeenat Al Hareer (Silk City), a proposed 250-square-kilometer urban area in the northern
Subiya REGION . It will feature the Burj Mubarak Al Kabir, a nature reserve, a duty free area, a
nearby airport, a large business centre and other facilities;
* Development of Failaka Island off Kuwait's eastern coast;
* Expansion of the sewage network and plant in south Kuwait;
* Solid waste treatment facility in Kabd in northwest Kuwait;
* Construction of a new terminal at Kuwait airport.

Furthermore, Kuwait has confirmed the network layout for its new $20bln metro with construction
due to begin in 2017. The three-line system would include 61 stations and cover the entire capital.
A 23.7-kilometre line would run from Salwa to Kuwait University, with 19 stations. A 21-kilometre
line would run from Hawally, stopping at 27 stations to end in Kuwait City. A third line would
stretch 24 kilometre from Kuwait International Airport to Abdullah Al Mubarak area, passing
through 15 stations.
Furthermore, oil sector spending is
expected to expand in the upcoming
years. The Kuwait National
Petroleum Company (KNPC) chief
executive Mohammed Ghazi al
Mutairi said earlier this year that
KNPC would invest $35bln on
expanding oil and gas projects over
the next five years. Much of this will
be spent on Kuwait's Clean Fuels
Project (a major component of
Kuwait's current development
plans), which involves a series of
refinery upgrades.
Such development projects will undoubtedly spur and stimulate the country's national economy to
include wider aspects like housing, education, health, airports and harbors, in addition to oil and
infrastructure projects. The targeted development projects are part of the State's drive to diversify
national income sources by MEANS of promoting the private sector's investments and boosting
the competitive edge of other sectors.
If the government and National Assembly establish a better working relationship, major progress
is expected on development projects.

Omani TMK GIPI to supply pipes for AbuDhabi Carbon Capture Project
Oman Observer + NewBase
The Sultanate’s leading pipe manufacturer, TMK Gulf International Pipe Industry (TMK GIPI)
LLC, part of global pipe manufacturer TMK, has won a contract to supply 8” pipes with WT up to
14.4mm, API 5L X65 Sour with 3LPE coating for the Abu
Dhabi Carbon Capture Project — a MASDAR/ADNOC joint
venture project in the United Arab Emirates.
Manufacturing such a high wall thickness for 8” OD pipe is
going an extra mile which TMK GIPI has achieved in the
region, the company said in a press statement.
3LPE coating system is a multi-layer coating structure
composed of three coating materials of fusion bonded
epoxy (FBE), copolymer adhesive and PE or PP top coats
for steel pipe anti-corrosion. With years’ of experience and expertise in 3LPE pipes and anti-
corrosion coating materials, TMK GIPI has established itself as a leading level technology player
in the Sultanate and been well recognised for its remarkable performance in oil & gas pipeline
corrosion-resistant field.
Vladimir I Shcherbatykh, CEO, TMK GIPI, said: “We are visualising a good traction and signs of
improved demand for our pipes and coating services. The company shall continue to open newer
avenues and deliver superior customer value and sustained leadership position locally, within
GCC and in the world markets.”
TMK Gulf International Pipe Industry (TMK GIPI) was established as a Limited Liability Company
in Sultanate of Oman in January 2007. TMK GIPI is the first manufacturer of High Pressure Steel
Line Pipes and Casing Pipes in Oman and the first mill in MENA region and sub-continent of India
to manufacture high pressure 24” Electric Resistance Welded (ERW) Steel Pipes.
Today, TMK GIPI is a part of TMK, which is a global steel pipe manufacturer with about 30
production sites in the United States, Russia, Canada, Romania, Oman, UAE and Kazakhstan
and two R&D centres in Russia and the USA.

India's Chennai Petroleum Plans Iran Oil Imports After Two Years
Bloomberg + NewBase
Chennai Petroleum Corp. (MRL), a unit of India’s largest refiner, plans to resume crude imports
from Iran after a two-year gap as insurers return to the market.
“This year, we plan to restart Iran OIL
purchases,” Managing Director S.
Venkataramana said in a phone interview.
“We are already talking to the re-insurers
for this, and we are getting POSITIVE responses so far.”
Chennai Petroleum, controlled by Indian Oil Corp. (IOCL), plans to import about 300,000 metric
tons of oil from Iran for the year ending in March 2015, he said. Western sanction designed to stop
Iran from developing nuclear weapons had hampered the company’s ability to benefit from 90-
days CREDIT offered by the Persian Gulf producer, triple what others make available.
“As a result, the working capital requirement of the company has increased, resulting in higher
interest expenses,” the refiner said in the annual report on its website.
Iran pledged to continue talks with six other nations after failing to clinch a long-term deal on its
nuclear PROGRAM in Vienna last month. Iran agreed to scale back that program last year and in
return was allowed to maintain crude exports at about 1.1 million barrels a day.
Chennai Petroleum operates two refineries in southern India with a combined capacity of 11.5
million tons a year. The bigger of the two refineries at Manali, with capacity to process 10.5 million
ton of oil annually, was built 45 years ago to use crude from Iran.
Indian Oil had a 51.9 percent interest in Chennai Petroleum as on June 30, while Naftiran Inter
Trade Co., the Swiss-based subsidiary of National Iranian Oil Co., held 15.4 percent, according to
the Bombay Stock Exchange website.
“We can buy 1 million tons a year from Iran, but because we will start imports in the latter half of
the year, it may be about 0.3 million tons this year,” Venkataramana said. The refiner last imported
Iranian oil in the year ended in March 2012.

Attarat Power Company Awaits Jordanian Government's Nod for Oil
Shale Power Project. Jordan Times + NewBase
The Attarat Power Company is awaiting Jordanian government’s response on SIGNING $2.4
billion oil shale-fuelled power plant project, according to a local newspaper.
"The government approved the deal... but it seems the National Electric Power [Company] is still
waiting for official approval [over] parts of the AGREEMENT from the... concerned authorities
before they can invite us to SIGN the documents," Andres Anijalg, chairman of the Attarat Power
Company, said in an e-mail to The Jordan Times.
Anijalg said he hopes the power company WILL get the approvals from the concerned authorities
shortly, ALLOWING the company to sign power purchase agreement with the government.
Anijalg noted that the Attarat Power Company has not received an official notification from the
energy minister about signing the agreement. "As soon as the government of Jordan is ready to
sign the agreement with Attarat Power Company, we can move forward with the necessary
preparations to start the construction next year," he TOLD the newspaper.
The Jordanian cabinet approved the power project earlier this year. Attarat Power Company is a
subsidiary of Eesti Energia and its partners in Jordan are YTL Power International Berhad, which
owns 30% of the company, and Near East Investment, which owns 5%.
The project would require an estimated investment of $2.4 billion. It would be financed by $1.4
billion loan provided by the Bank of China and the INDUSTRIAL and Commercial Bank of China,
and guaranteed by China Export and Credit Insurance Corporation.
The plant's 470-megawatt capacity will account for some 15 per cent of Jordan's current overall
electricity capacity of 3,200 megawatts, said The Jordan Times.

Jordan to buy gas from Gaza starting 2017 – minister
Jordan Times + NewBase
Jordan will import about one-third of its needs of natural gas from Gaza Strips' offshore gas fields
at the end of 2017, Minister of Energy and Mineral Resources Mohammad Hamed said Saturday.
In October, the National Electric Power Company ( NEPCO ) will sign a letter of intent with British
Gas Group, which has concession rights to explore for gas offshore Gaza Strip, to import natural
gas, the minister told The Jordan Times in an interview.
NEPCO will import 150-180 million cubic feet per day of natural gas from fields the company is
developing offshore Gaza Strip, said the minister. "During the first quarter of 2015, NEPCO will
sign the agreement to purchase gas from British Gas Group."
Natural gas will be supplied to Jordan through the Arab Gas Pipeline, which is a natural gas
pipeline that stretches from Egypt into Jordan and other neighbouring countries, Hamed noted.
"The amount of gas NECPO will import will cover about 30 per cent of the country's daily needs of
natural gas for power generation," he added.

Jordan consumes about 500 million cubic feet of natural gas per day for production of electricity,
the minister said. "The agreement with British Gas will be the first in the region. It will greatly help
reduce the losses of NEPCO amidst rising costs of energy production."
NEPCO was forced to purchase more expensive heavy fuel and diesel for power production
following repeated cuts in natural gas supplies from Egypt blamed on terrorist attacks on the
pipeline. The last cut in supplies was January this year, said the minister.
The company's losses reached JD1.085 billion to date and are expected to reach JD1.3 billion by
the end of this year. "The agreement between NEPCO and British Gas Group is part of the
government's efforts to diversify energy resources and reduce burden on the state budget," he
said.
The government is also willing to look into requests by other companies to import gas from British
Gas and will allow them to import gas from these fields, he added. "We are keen on reducing
costs and are also going ahead with other projects such as the liquefied natural gas terminal to
meet the energy challenge," said the minister.
When asked about the price of Gazan gas, Hamed said: "The price of the gas will be similar to the
price of gas the Arab Potash Company will buy from Israel under a deal it signed earlier this year."
In February, the Arab Potash Company signed a $771 million agreement with US-based Noble
Energy under which the latter will provide the company with 66 billion cubic metres of natural gas
over a period of 15 years. The Financial Times reported that Noble Energy will sell the gas based
on a price of at least $6.5 per thousand cubic feet, with upside linked to Brent crude oil prices.
British Gas Group and its partner, the Athens-based Consolidated Contractors International
Company, owned by Lebanon's Sabbagh and Khoury families, were granted oil and gas
exploration rights in a 25-year agreement signed in November 1999 with the Palestinian Authority.
Jordan imports about 96 per cent of its annual energy needs at a total cost of 20 per cent of the
gross domestic product.

Iran to outstrip Qatar in South Pars field gas extraction
Bloomberg + Zawya + NewBase
Iran will complete development of the South Pars Gas Field within the next three years, deputy
managing director of National Iranian Oil Company said. Ali Kardour added that Iran's gas
extraction from the offshore field will exceed that of Qatar, which also shares the large gas
reservoir.
"In three years, we'd have completed South Pars," he told Bloomberg. "We will have seen full
production from South Pars, and we think we'll be ahead of Qatar. The official noted that Iran
plans to finish the gas field's development, regardless of the sanctions imposed by foreign
countries.
Iran must develop shared fields "with or without sanctions", Kardour said. South Pars Gas Gield is
one of the largest independent gas reservoirs in the world lying on the territorial border between
Iran and the Persian Gulf state of Qatar. It is one of the country's main energy resources.
This gas field covers an area of 9,700 square kilometers, of which 3,700 square kilometers belong
to Iran. Kardour announced that Iran is rescheduling a plan to attract US and European oil
investments.
Iran was planning to introduce what it describes as a flexible and attractive oil contract at an event
in London on November 3-5. It has pushed back the date until later that month since the nuclear
talks between Tehran and the six world powers were extended.
The contracts are "somewhere between a buyback model and a production sharing agreement"
and are designed to
encourage long-term
investors, he explained.
Companies will not be
allowed to take
ownership of reserves,
though they will be able
to set up joint operating
companies with local
partners to manage
fields, he added.
"We'll get access to
technology and foreign
investment," Kardour
said. "They'll be able to
stay in the longer term,
and access to oil will be
provided to them."
Iran possesses the
world's largest natural
gas reserves. It has an
estimated 1,193 trillion cubic feet of gas reserves and the world's fourth-biggest oil deposits of 157
billion barrels, according to BP's Statistical Review published in June 2014.

Prelude FLNG’s largest turret piece leaves Dubai
WAM + NewBase
Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas and
energy sectors, has successfully completed Turret modules 1& 2 to ‘sail away' for the world's
largest floating liquefied natural gas
(FLNG) facility. This innovative FLNG
facility will be stationed by Shell at its
Prelude gas field off the northwest coast
of Australia, unlocking new essential
energy resources offshore to meet
growing demand.
Once all six Turret modules are
integrated in Korea and transported to
Australia, they will comprise the largest
Turret Mooring System in the world,
weighing over 11,000 tons. For the first
time at Drydocks World- Dubai, 8 lines
of 2×22 axle Self Propelled Modular Trailers (SPMT) were used to load out Turret modules 1 & 2
onto the ‘KOREX' shipping vessel sailing for Korea. As one of the most powerful heavy-duty
transport systems worldwide, the SPMT equipment was used to load the heavy Turret
components from the quay onto the barge.
Due to the weight of the Turret structures, Drydocks World's quay strength was challenged and
determined strong enough to sustain the loads of Turret Modules 1 & 2. In conjunction with the
advanced SPMT technology, the Mediterranean mooring manoeuvre was used with additional
load out plates, in order to balance the immense operation. With the extreme size and weight to
transport, Drydocks equipment and workforce maintained a safe and secure environment,
successfully delivering the pioneering Turret Modules load out.
Drydocks World Dubai is privileged to be working with SBM Offshore, Technip and Shell on such
a vital element of the Prelude FLNG project. The Turret Mooring System developed by Drydocks
World is pivotal to the project for its ability to anchor the FLNG facility, securing the vessel at
location for the duration of production operations. The Turret design will enable the FLNG facility
to weather vane freely and remain stable against harsh weather conditions, including high velocity
tropical cyclones. At nearly 100-metres, the Turret will be taller than the ‘Big Ben' clock tower in
London, making it the largest Turret ever completed.
The Shell Prelude FLNG will bring new energy sources to the market that would alternatively be
difficult to develop and not economically viable. As the largest structure ever sent to sea,
displacing as much water as a fleet of six aircraft carriers, the Prelude FLNG will produce at least
3.6 million tons of liquefied natural gas per year, delivering an essential energy resource.
Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, stated, "Drydocks
World Dubai is proud to be part of this important milestone in offshore gas liquefaction and to be
involved in such a prestigious, record-breaking project. In constructing the world's largest Turret
for the global gas industry,

Petronas pens PSC for block offshore Gabon
Press Release
Malaysia’s Petronas, through its subsidiary PETRONAS Carigali International E&P B.V.,
has signed a Production Sharing Contract (PSC) for Block F14 with the Republic of
Gabon.
The offshore block is located in southern Gabon and measures an approximate 2,500 square kilometres
surface area in water depth ranging from 2,000 metres to 3,000 metres.
Petronas will operate the block with an 80 per cent interest, while the Government of Gabon owns the
remaining 20 per cent interest. The signing of the PSC took place at the Arambo Building, Libreville.
Petronas was represented by its Vice President of Exploration International, Effendy Cheng Abdullah. The
Republic of Gabon was
represented by H.E. Mr Etienne
Dieudonné Ngoubou from the
Ministry of Petroleum and
Hydrocarbons and H.E.
Christophe AKAGHA MBA
from the Ministry of Economy
and Prospective.
Speaking at the event, Effendy
Cheng said, “The signing
marked an important milestone
as PETRONAS is re-entering the
Republic of Gabon, now focusing
on the deep water pre-salt play.”

India is increasingly dependent on imported fossil fuels as
demand continues to rise Source: U.S. Energy Information Administration
India's dependence on imported fossil fuels rose to 38% in 2012, despite the country having significant
domestic fossil fuel resources. India ranked as the fourth-largest energy consumer in the world in 2011,
following China, the United States, and Russia. The country's energy demand continues to climb as a result
of its dynamic economic growth and modernization. India is the third-largest economy on a purchasing
power parity basis and has the world's second-largest population, according to World Bank data.
As India modernizes and the population moves to urban areas, the country has shifted from using traditional
biomass and waste to relying on other energy sources, including fossil fuels. India's newly elected
government, with the Bharatiya Janat Party as the majority party, faces challenges to meet the country's
growing energy demand, to secure affordable energy supplies, and to attract investment for domestic
hydrocarbon production and infrastructure development.
Petroleum and other liquids. In 2013, India was the fourth-largest consumer and net importer of crude oil
and petroleum products in the world after the United States, China, and Japan. India's petroleum product
demand reached nearly 3.7 million barrels per day (bbl/d), far above the country's roughly 1 million bbl/d of
total liquids production. Most of India's demand is for motor gasoline and gasoil, fuels used mainly in the
transportation and industrial sectors, and for kerosene and LPG in the residential and commercial sectors.
Consumers receive large subsidies for retail purchases of diesel, LPG, and kerosene, placing upward
pressure on overall oil demand. Insufficient investment in developing more crude oil and liquids production
has caused production to grow at a slower rate than oil demand.
Net oil import dependency rose from 43% in 1990 to an estimated 71% in 2012. The Middle East was the
major source of crude oil supply to India in 2013, followed by countries in the Americas (mostly Venezuela)
and Africa. Despite being a net importer of crude oil, India has become a net exporter of petroleum products
after investing in new refinery capacity.
Natural gas. India did not import any natural gas until 2004, when it began to import liquefied natural gas
(LNG). Because India has not been able to produce an adequate supply of domestic natural gas and has been

unable to create sufficient natural gas pipeline infrastructure on a national level, it increasingly relies on
imported LNG to meet domestic demand. India ranked as the fourth-largest LNG importer following Japan,
South Korea, and China in 2013, and it accounted for nearly 6% of the global market, according to data
from IHS Energy. In 2012, LNG imports, mostly from long-term contracts with Qatar, accounted for about
29% of India's 2.1 trillion cubic feet (Tcf) of consumption. Natural gas mainly serves as a substitute for coal
in electricity generation and as an alternative for liquefied petroleum gas and other petroleum products in
fertilizer production and other sectors in India.
Coal. Coal is India's primary source of energy (equaling 44% of total energy consumption), and the country
ranked as the third-largest global coal producer, consumer, and importer of coal in 2012. Despite its
significant coal reserves, India has experienced increasing supply shortages as a result of a lack of
competition among producers, insufficient investment, and systemic problems with its mining industry.
Although production has increased by about 4% per year since 2007, producers have failed to reach the
government's production targets. Meanwhile, demand
grew more than 7% annually over the past five years
with the rise of electricity demand and lower power
generation from natural gas and hydroelectricity as a
result of recent supply disruptions. Because power
plants rely so heavily on coal, shortages are a major
contributor to shortfalls in electricity generation and
consequent blackouts throughout the country.
Because coal production cannot keep pace with
demand, India has met more of its coal needs with
imports. Net coal import dependency has risen from
practically nothing in 1990 to nearly 23% in 2012.
India imports thermal coal for power generation from
Indonesia and South Africa. The steel and cement
industries are also significant coal consumers. India
has limited reserves of coking coal, used for steel
production, and imports large quantities of coking coal from Australia.

Reasons for projected natural gas-fired generation
growth vary by region. Source: U.S. Energy Information Administration,
EIA projects that natural gas-fired electric power sector generation in the contiguous United States will
increase to 1,600 million megawatthours (MWh) by 2040, a 1.3% average annual increase. This growth is
spread throughout the Lower 48 states, and the reasons for the growth vary by region.
For the United States, increasing natural gas supply results in unexpected future growth in natural gas-fired
electric generation, particularly after 2020. Total U.S. natural gas production increases 56% from 2012 to
2040, largely because of the development of shale gas, tight gas, and offshore natural gas resources.
The three regions with the highest growth in natural gas-fired generation, SERC, RFC, and WECC, also
have the highest overall amounts of coal-fired generation. Coal-fired generation still grows significantly in
SERC Reliability Corporation (SERC) and ReliabilityFirst Corporation (RFC), despite significant
retirements of coal-fired capacity, and the increased cost of building new coal-fired facilities. In the Western
Electricity Coordinating Council (WECC), natural gas-fired power competes with renewable sources for
future electric power demand, while in the Texas Reliability Entity (TRE) region, natural gas accounts for
almost all the growth in new generation.

The SERC and RFC regions cover many of the states in the Southeast, Mid-Atlantic, and Midwest. The
RFC contains the Appalachian Basin's Marcellus Shale play, the country's largest and fastest-growing
natural gas production basin. Both SERC and RFC contain portions of the Central Appalachian (CAPP) coal
production basin, and RFC contains the Illinois Basin, where coal production has expanded rapidly.
In both regions, natural gas-fired generation competes with coal-fired generation for existing power demand
in the near term, but in the medium- to long-term, natural gas generation is driven by growth in overall
power demand. Natural gas-fired generation in the RFC benefits from more retired coal capacity, but overall
coal-fired generation still grows in the region, which has relatively more access than SERC to inexpensive
coal from the Illinois Basin and western United States. Gas-fired generation in SERC benefits more from
higher growth in overall electric power consumption (1.0% annual average growth in SERC, versus 0.6% in
RFC). Only WECC and Florida experience more rapid growth in overall electric power consumption than
SERC through 2040, but natural gas accounts for the largest share of this growth in SERC, versus
renewables in WECC, and nuclear power in Florida.
• 2012-40. Natural gas-fired generation in the power sector in SERC rises by 109 million MWh, the largest
increase in the United States, while in RFC, it rises by 103 million MWh, the third-largest increase in the
United States. Coal-fired power remains the largest generation source in both regions through 2040.
• Near-term growth. In both SERC and RFC, natural gas-fired generation falls through 2014 in response to
higher gas prices, and then regains its market share in 2015 and 2016, in response to coal-fired plant
capacity retirements. Cumulative coal plant retirements through 2016 are greater in RFC (20 gigawatts) than
in SERC (12 gigawatts).
• Medium- to long-term growth. Increased natural gas prices cause natural gas-fired generation in SERC to
decline through 2019, with coal-fired generation increasing, while gas-fired generation increases in RFC.
Natural gas-fired generation rises in response to higher production in both of these regions after 2020,
surpassing nuclear generation by 2035.

Oil Prices keeps going down ,,,,,,,,,,

Shell sells American Gas Assets Pinedale and Haynesville
Press Release,
Royal Dutch Shell made two separate transactions whereby the company will exit its Pinedale and
Haynesville onshore gas assets in exchange for approximately $2.1 billion of cash, plus additional
acreage in the Marcellus and Utica Shale areas in Pennsylvania.
In one agreement with Ultra Petroleum,
Shell will acquire 155,000 net acres in the
Marcellus and Utica Shale areas in
Pennsylvania and receive a cash payment of
$0.925 billion from Ultra in exchange for
100 percent of Shell’s Pinedale asset in
Wyoming, including associated gathering
and processing contracts, subject to closing.
In a separate agreement with Vine Oil &
Gas LP and its partner Blackstone, Shell has
agreed to sell 100 percent of its Haynesville
asset in Louisiana, including associated field
facilities and infrastructure for $1.2 billion
in cash, subject to closing.
“We continue to restructure and focus our North America shale oil and gas portfolio to deliver the most
value in the longer term. With this announcement we are adding highly attractive exploration acreage,
where we have impressive well results in the Utica, and divesting our more mature, Pinedale and
Haynesville dry gas positions,” said Marvin Odum, Shell’s Upstream Americas Director.
The Shell net production from Pinedale in the second quarter 2014 was 190 million standard cubic feet per
day (mmscf/d) of dry gas (32 thousand barrels of oil equivalent per day (kboe/d)). During the first half of
2014, Ultra’s net production from the assets Shell is acquiring in Pennsylvania averaged 109 mmscf/d (19
kboe/d).
“We first entered the Pinedale Anticline in 2001, and I am proud of our operational excellence, community
engagement, and leadership in responsible energy development over that time,” said Odum.
Shell’s Pinedale asset (which includes 19,000 net acres of leasehold interest, 1,108 gross wells and
associated facilities, and an average of 0.7 percent overriding royalty interest in 11,500 acres) will be
exchanged for cash and Ultra’s 100 percent interest in the Marshlands area (63,000 net acres) as well as its
entire interest (92,000 net acres) in the Tioga Area of Mutual Interest (AMI), an unincorporated joint
venture with Shell. After completion of this transaction, Shell will have a 100 percent interest in the Tioga
AMI. The agreement is effective 1 April 2014, and is expected to close this year.
Shell’s Haynesville asset includes 107,000 net acres in in north Louisiana. The transaction includes 418
producing wells, 193 of them operated by Shell. As of 1 July 2014, the gross production from the
Haynesville asset was approximately 700 mmscf/d of dry gas, with Shell’s net working interest share at
approximately 250 mmscf/d (43 kboe/d). The agreement is effective 1 July 2014, and is expected to close in
the fourth quarter of this year.

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Your partner in Energy Services
Khaled Malallah Al Awadi,
MSc. & BSc. Mechanical Engineering (HON), USA
ASME member since 1995
Emarat member since 1990
Energy Services & Consultants
Mobile : +97150-4822502
khalid_malallah@emarat.ae
khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with a total of 24 yearsKhaled Al Awadi is a UAE National with a total of 24 yearsKhaled Al Awadi is a UAE National with a total of 24 yearsKhaled Al Awadi is a UAE National with a total of 24 years of eof eof eof experience in thexperience in thexperience in thexperience in the Oil & Gas sector. Currently working as Technical AffairsOil & Gas sector. Currently working as Technical AffairsOil & Gas sector. Currently working as Technical AffairsOil & Gas sector. Currently working as Technical Affairs
Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for the GCC area via HSpecialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for the GCC area via HSpecialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for the GCC area via HSpecialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for the GCC area via Hawk Energyawk Energyawk Energyawk Energy
Service as a UAE operations base , Most oService as a UAE operations base , Most oService as a UAE operations base , Most oService as a UAE operations base , Most of the experience were spent as the Gas Operations Manager in Emarat , responsible for Emarat Gasf the experience were spent as the Gas Operations Manager in Emarat , responsible for Emarat Gasf the experience were spent as the Gas Operations Manager in Emarat , responsible for Emarat Gasf 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 designinPipeline Network Facility & gas compressor stations . Through the years , he has developed great experiences in the designinPipeline Network Facility & gas compressor stations . Through the years , he has developed great experiences in the designinPipeline Network Facility & gas compressor stations . Through the years , he has developed great experiences in the designing & constructingg & constructingg & constructingg & constructing
of gas pipelinof gas pipelinof gas pipelinof gas pipelines, gas metering & regulating stations and in the engineering of supply routes. Many years were spent drafting, & compiling ges, gas metering & regulating stations and in the engineering of supply routes. Many years were spent drafting, & compiling ges, gas metering & regulating stations and in the engineering of supply routes. Many years were spent drafting, & compiling ges, gas metering & regulating stations and in the engineering of supply routes. Many years were spent drafting, & compiling gasasasas
transportation , operation & maintenance agreements along with many MOUs for the local authorities. He has become a referenctransportation , operation & maintenance agreements along with many MOUs for the local authorities. He has become a referenctransportation , operation & maintenance agreements along with many MOUs for the local authorities. He has become a referenctransportation , operation & maintenance agreements along with many MOUs for the local authorities. He has become a reference fe fe fe for manyor manyor manyor many
of the Oil & Gas Conferences held in the UAE andof the Oil & Gas Conferences held in the UAE andof the Oil & Gas Conferences held in the UAE andof the Oil & Gas Conferences held in the UAE and Energy program broadcasted internationally , via GCC leading satellite Channels .Energy program broadcasted internationally , via GCC leading satellite Channels .Energy program broadcasted internationally , via GCC leading satellite Channels .Energy program broadcasted internationally , via GCC leading satellite Channels .
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NewBase 17 August 2014 K. Al Awadi

New base special 17 august 2014

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New base special 17 august 2014