Limassol, Cyprus. Total has installed an operations base at the port in preparation for drilling in Block 11. (PA) Exploration & Production

Cyprus centre stage in challenging East Med picture

The efforts of Israel, Lebanon and Turkey to develop their offshore resources could hinder Cyprus from tapping its own acreage.

By James Gavin 22 June 2017
LNG

JBIC to help finance Sur IPP in Oman

Japan Bank for International Cooperation (JBIC) has agreed to loan up to $697 million towards the development of the Sur gas-fired power plant in Oman, the Japanese export credit agency said in a statement on Tuesday.

23 November 2011
Policy & Regulation

Yemen tightens resource nationalism as Nexen loses Block 14

Nexen’s application to extend its Block 14 production sharing agreement (PSA) has been rejected by the Yemeni government and will expire on 17 December, the Canadian independent said in a statement on Wednesday.

23 November 2011
Exploration & Production

Crescent Petroleum and Dana Gas

Crescent Petroleum and Dana Gas are planning a second phase of development at the Kormor and Chemchemal gas fields in the Kurdish region of Northern Iraq, UAE-based The National newspaper reported on Tuesday.

22 November 2011
Policy & Regulation

US, UK and Canada step up sanctions against Iran

The United States, Britain and Canada have enforced new sanctions against Iran’s financial sector on Monday, less than two weeks after the publication of an International Atomic Energy Agency (IAEA) report suggesting Tehran was still developing its nuclear capability.

22 November 2011
LNG

Tamar partners study options for FLNG facility

South Korea's Daewoo Shipbuilding & Marine Engineering said on Tuesday that it has signed an agreement with Noble Energy, Delek Group and Isramco to examine the possibility of developing a floating LNG facility to process gas from the Tamar field, off the coast of Israel.

22 November 2011
Qatar is shifting its focus from exports to the domestic. Supply & Demand

Change in the air as Qatar looks inwards

Qatar, the world’s largest LNG exporter, is turning its attention to developing a vast downstream gas industry and forging new LNG partnerships abroad.

21 November 2011
Companies & Finance

Bond component for Barzan gas project postponed

A bond component for the Barzan natural gas project in Qatar looks to have been postponed due to the European debt crisis, with sponsors Qatar Petroleum and ExxonMobil now looking at next year for the issue.

18 November 2011
LNG

Shell Iraq deal went through ‘rigorous changes’

Royal Dutch Shell’s gas-gathering deal approved by the Iraqi cabinet this week went through “rigorous changes” from the initial heads of agreement, the Iraq Energy Institute’s Luay al Khatteeb told Interfax this week.

17 November 2011
Exploration & Production

Royal Dutch Shell abandons Kurdistan talks - report

Royal Dutch Shell has abandoned talks with the Kurdistan Regional Government (KRG) aimed at developing the region’s oil and gas prospects, the Financial Times reported on Thursday, citing a source familiar with the talks.

17 November 2011
GECF Secretary General, Leonid Bokhanovsky, said the group has no intention of manipulating prices. (PA) Supply & Demand

Gas exporters back oil-index linked contracts

A top priority for the 12-member Gas Exporting Countries Forum is linking gas prices to oil-indexed prices.

16 November 2011
LNG

Piracy poses 'huge challenge' to LNG shipping industry - YLNG

Maritime security is a “huge challenge for the LNG industry”, particularly in the area around Suez and the Indian Ocean, Yemen LNG’s (YLNG’s) General Manager, Francois Rafin, told delegates at the 12th Annual World LNG Summit on Wednesday.

16 November 2011
Companies & Finance

The Arab Spring is far from over

Menas Associates’ Charles Gurdon talks to Interfax about the Arab Spring and its impact on the oil and gas industry.

16 November 2011
LNG

Iran revives gas export plans to Oman

As Chinese investment in Iran‘s gas sector is reduced to a trickle, Tehran is turning to neighbouring Oman to drive forward its LNG ambitions.

16 November 2011
LNG

Qatar unthreatened by Australian LNG boom

The surge of LNG coming online from Australia will not pose a threat to Qatar, RasGas’ Marketing and Shipping Executive Khalid Sultan R. al-Kuwari told delegates at the 12th Annual LNG Summit in Rome on Tuesday.

15 November 2011
Gas is currently flared at the Rumaila oilfield in southern Iraq because of a lack of infrastructure. (PA) Exploration & Production

Iraqi gas-gathering deal receives final approval

Royal Dutch Shell and Mitsubishi’s $17 billion gas-gathering deal has received final approval from the Iraqi cabinet.

15 November 2011
Companies & Finance

DNO merger still on-track – Rak

Dubai-based Rak Petroleum said that its merger with Norwegian group DNO International was on track to close in early 2012 during its third quarter results announcement published on Thursday.

14 November 2011
Policy & Regulation

GECF chief Bokhanovsky re-elected for second term

The Secretary General of the Gas Exporting Countries Forum (GECF), Leonid Bokhanovsky, will stay in office for another two-year term, Russian Energy Minister Sergei Shmatko told journalists on Sunday after a GECF ministerial meeting.

14 November 2011
Israeli Prime Minister Benjamin Netanyahu at a session of the Knesset last week. Israel leaders have been discussing a possible strike against Iranian nuclear facilities. (PA) Policy & Regulation

Gas market unresponsive to Iran nuclear report

The International Atomic Energy Agency’s report on Iran this week said there was ‘credible evidence’ the country is developing nuclear weapons, but the threat to the strategic Straits of Hormuz has so far not hit gas prices.

11 November 2011
LNG

Saudi moves forward with nuclear plans

Saudi Arabia has ambitious plans to develop its nuclear power capacity to avoid a looming electricity shortage and earmark more of its valuable oil production for export.

11 November 2011
Exploration & Production

A vote of confidence in KRG

ExxonMobil has signed six exploration contracts with the Kurdish Regional Authority (KRG), making it the first of the supermajors to venture into northern Iraq. This suggests investment in the KRG may

11 November 2011

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