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FACTBOX-Global oil, gas projects delayed in 2009

Tue Apr 14, 2009 12:05am IST
 
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April 13 - Following is a list of oil and gas projects and oil refinery expansion plans that have been delayed so far in 2009.

The global financial crisis, falling oil demand and a slide in prices have prompted many in the industry to scale back spending and delay projects.

* April 13 - Saudi Aramco defers plans to expand capacity at its Ras Tanura refinery. [ID:nLD657309]

* March 24 - Qatar delays plans to build the 250,000 bpd Shaheen refinery by one year. [ID:nLO329588]

* March 21 - Qatar and ExxonMobil (XOM.N: Quote, Profile, Research) delay development of the $5 billion Barzan gas field joint venture, primarily to cut costs. [ID:nLL517983]

* March 20 - Kuwait said it scrapped a tender to build a $15 billion refinery project, the second multibillion-dollar major deal to be cancelled in three months after facing opposition in parliament. [ID:nN20516815]

* March 17 - Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) said start-up of the Perdido platform in the Gulf of Mexico had been pushed back to the beginning of next year from this November.

The Forcados Yokri and Bonga North West projects in Nigeria which were due to come onstream sometime during 2010 or 2011 will now come onstream in 2012 or later. Bonga North West is being re-tendered.

The Motiva Port Arthur refinery expansion is now expected to be completed in 2012 or later, rather than 2010 as earlier planned.   Continued...

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
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