South Pars Phase 1 has shown evidence of a drop in pressure. Investment in compressor stations is needed. (POGC) Exploration & Production

Iran’s South Pars development faces rising costs

Total and CNPC have signed a deal to invest in South Pars Phase 11, but the development is facing reservoir pressure problems.

LNG import and export projects in the UAE. LNG

Sharjah plans to moor FSRU at Hamriyah

Small LNG import projects have gained popularity in the UAE, and Sharjah is hoping its proposed terminal will help meet its gas needs and those of its northern neighbours.

Exploration & Production

EGPC accepts six exploration bids

Egyptian General Petroleum Corp. has accepted six bids from IOCs to carry out oil and gas exploration in Egypt.

2 December 2016
Exploration & Production

Ghadir in negotiations to develop two Iranian fields

Iran-based company Ghadir is in negotiations with State Oil Company of Azerbaijan Republic, Lukoil, Gazprom and Eni to develop two fields in Iran.

2 December 2016
LNG

Cyprus’s DEFA selects Gaffney, Cline & Associates for LNG study

Cyprus’s state-owned Natural Gas Public Co. has selected Gaffney, Cline & Associates to carry out an independent study into importing LNG.

1 December 2016
Pipelines, Storage & Power

Leviathan partners land $2 bln deal with Dalia Power Engines

The partners in Israel’s Leviathan gas field have signed a $2 billion gas supply agreement with Dalia Power Engines.

1 December 2016
LNG

Egypt delays plans for third FSRU

Egypt will delay plans for a third FSRU, according to reports.

1 December 2016
Exploration & Production

Saudi Arabia and Oman boost Middle East rig count

The number of rigs targeting gas in the Middle East rose by 5.4% in October as more were deployed in Oman and Saudi Arabia.

1 December 2016
Exploration & Production

Delek Group posts $22 mln profit for Q3

Israel’s Delek Group has posted an ILS 85 million ($22 million) profit for Q3 2016.

30 November 2016
Global Markets

Trump will not affect Iran’s early-stage agreements – Zanganeh

Iranian Petroleum Minister Bijan Zanganeh has said the election of Donald Trump will not affect the early-stage agreements the country is signing with IOCs.

30 November 2016
LNG

Egypt set to import 60 LNG cargoes next year

Egypt will import around 60 cargoes of LNG in 2017 and Glencore will be the biggest supplier.

29 November 2016
Exploration & Production

BP buys 10% in Egypt’s Zohr field from Eni

Eni has sold BP a 10% interest in Egypt’s offshore Shorouk concession – which contains the super-giant Zohr gas field – for $375 million.

28 November 2016
Exploration & Production

Delek and Avner find $1.75 bln in finance for Leviathan

Delek Drilling and Avner Oil Exploration, the developers of Israel’s Leviathan gas field, have signed commitment letters with HSBC and JP Morgan for financing of up to $1.75 billion.

28 November 2016
Global Markets

Iran signs MOU with Schlumberger

Iran has signed a memorandum of understanding with Schlumberger, according to media reports.

28 November 2016
Exploration & Production

Leviathan’s development finance more than 60% covered – Delek

More than 60% of Israel’s Leviathan gas field development plan has been covered by financing agreements, Delek Drilling Chief Executive Yossi Abu has said.

23 November 2016
Exploration & Production

Khalda planning massive drilling programme in Western Desert

Khalda Petroleum plans to drill 97 wells in Egypt’s Western Desert at a cost of nearly $909 million.

21 November 2016
Exploration & Production

Israel launches new licensing round

Israel launched a new offshore oil and gas licensing round this week.

18 November 2016
The Al-Hosn gas complex. Production will be boosted by 50% to meet domestic demand. (Al-Hosn) Exploration & Production

ADNOC gets green light to move on gas schemes

With the approval of its five-year plan, Abu Dhabi’s state company is now in a strong position to progress with its sour gas plans.

17 November 2016
Supply & Demand

GECF energy ministers to meet in Doha

The Gas Exporting Countries Forum (GECF) will holds it 18th ministerial meeting this week in Doha to discuss global market challenges.

16 November 2016
Exploration & Production

Energy projects should unite rather than divide – Aliyev

Energy and transport projects initiated by Azerbaijan are aimed at regional security and development, President Ilham Aliyev has said.

16 November 2016
A rig at the Khazzan field. (BP plc) Exploration & Production

Khazzan set to transform Omani gas sector

The first phase of Oman's Khazzan tight gas development will start up in 2017, boosting production by almost 30%. Phase two, due in 2020, will raise production even further.

15 November 2016
Exploration & Production

BP signs deal to extend Block 61 EPSA in Oman

BP and Oman Oil Company Exploration & Production signed an agreement with Oman to amend the exploration and production-sharing agreement for Block 61.

11 November 2016

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