A power plant on Cyprus. (J&P Group) LNG

Cyprus prepares to tender FSRU contracts

Cyprus is moving ahead with its plans to import LNG, even though previous projects have stalled.

By Verity Ratcliffe 26 July 2017
LNG

Israel floats idea of state-owned liquefaction facility

Israel’s state-owned National Gas Pipelines Company and Eilat-Ashkelon Pipeline Company (EAPC) have submitted a preliminary proposal to Israel’s ministry of finance to build a $6 billion LNG export facility at the port of Eilat.

11 January 2012
Policy & Regulation

Iraq publishes Extractive Industries Transparency Initiative

Iraq has published its first Extractive Industries Transparency Initiative (EITI) report on the EITI website on Monday disclosing details about the $41 billion it received in revenues from oil and gas exports in 2009.

10 January 2012
Pipelines, Storage & Power

Tamar partners secure two new offtake contracts

The Tamar consortium has finalised two 16-year gas contracts worth $1.2 billion with Ramat Negev Energy and Ashdod Energy for the offtake of 0.33 billion cubic metres per year from the Tamar field, of

10 January 2012
Noble Energy’s discovery offshore Cyprus has triggered interest in gas exploration in the East Mediterranean. However, the promise of energy dependency and hydrocarbon profits has sparked fresh conflict in the Levant. (PA) Exploration & Production

Cyprus gas find sends ripples through the East Mediterranean

Noble Energy’s discovery offshore Cyprus has triggered interest in gas exploration in the East Mediterranean. However, the promise of energy dependency and hydrocarbon profits has sparked fresh conf

9 January 2012
Percentages of oil and LNG that pass through the Strait of Hormuz. (Interfax) Supply & Demand

Price spike threat from Hormuz closure

Feeling the pressure from the international community due to its nuclear programme, Iran has threatened to block the Strait of Hormuz. Interfax explores the effect this could have on gas prices

6 January 2012
Exploration & Production

Baghdad delays fourth bidding round again

Iraq has postponed its fourth oil and gas licensing round to 11-12 April, the oil ministry announced on its website on Wednesday.

5 January 2012
Pipelines, Storage & Power

Israel’s Dalia Power secures up to 1 bcm/y of Tamar gas

Israel’s Dalia Power Energies, has signed a $259 million contract to buy 0.7- 1 billion cubic metres per year of gas from the Tamar gas field, according to a report in Hebrew daily Ma'ariv.

5 January 2012
Exploration & Production

Kuwait protests against Iran’s plan to develop Arash gas field

The Kuwait foreign ministry has objected to Iran’s decision to develop the Arash gas field in the Gulf of Kuwait unilaterally.

4 January 2012
LNG

Jordanian energy minister visits Qatar to discuss LNG import plans

Jordan’s Minister of Energy and Mineral Resources Qutaiba Abu Qura arrived in Doha on Monday as part of a three-day state visit to discuss options for importing Qatari LNG.

3 January 2012
Exploration & Production

Noble Energy hits up to 227 bcm gas find off coast of Cyprus

United States-based Noble Energy has hit an estimated 5 to 8 trillion cubic feet (142 to 227 billion cubic metres) of gas at the Cyprus Block 12 offshore prospect.

3 January 2012
The Iraqi national flag flies over a gas processing facility at Tuba oil field in Basra, south-east of Baghdad, Iraq. (PA) Policy & Regulation

Violence fears feed Iraq’s legislative uncertainty

Amid fears of a resurgence in sectarian violence in Iraq, a federal oil and gas law may prove vital in unifying the country. Exxon’s move into the Kurdistan Region could be the catalyst for resoluti

22 December 2011
Exploration & Production

Gas discovery offshore Iran could facilitate Caspian drilling

The unconfirmed gas discovery in Iran’s section of the Caspian Sea could force the littoral states to push ahead with negotiations over maritime oil and gas rights there.

21 December 2011
Companies & Finance

QP reveal Barzan loan interest rate - report

Qatar Petroleum (QP) will pay an interest rate of 2.19% over the London Interbank Offer Rate on its $3.34 billion commercial debt facility to pay for the Barzan gas project, The Gulf Times quoted Fina

21 December 2011
Exploration & Production

PGNiG excluded from the development of Iran’s Lavan gas field

Poland's state-owned gas company PGNiG has been kicked off the development of the Lavan gas field in Iran for failing to invest in the project, Iran’s semi-official Mehr news agency reported on Monday.

20 December 2011
Exploration & Production

IEC approves $8 billion sales and purchase agreement for Tamar gas

State-owned Israel Electric Corporation (IEC) has approved an $8 billion sales and purchase aggreeement with the Tamar partners to offtake 3 billion cubic metres of gas for 15 years.

19 December 2011
Natural Resources Minister Ashti Hawrami believes the deal will help build Kurdistan into a major hydrocarbons player. (PA) Exploration & Production

Kurds face uncertain future in the new Iraq despite Exxon deal

As United States troops completed their drawdown from Iraq in early December, ExxonMobil was engineering a surprise move to bolster its presence in the country

19 December 2011
A water desalination plant in UAE. Dubai utilities agency DEWA has been forced to buy more gas on the open market to meet rising demand for water desalination. (PA) Policy & Regulation

Dubai gas supply held hostage by low prices

Enhancing resource recovery in the UAE is hindered by low prices, and Dubai, with limited reserves on its own, relies on its neighbours to keep gas flowing. Analysts say there will be no choice but to up energy prices despite its political sensitivity.

16 December 2011
Companies & Finance

Qatar Petroleum and ExxonMobil close on $10.4 bln Barzan gas project

Qatar Petroleum (QP) and ExxonMobil have reached financial close on the $10.4 billion Barzan gas project, with a $7.2 billion project finance package included.

16 December 2011
Companies & Finance

Investment suffers after Arab Spring

The Arab Spring disrupted investor confidence in countries across the Middle East and North Africa, according to a report published on Thursday from consultants AT Kearney.

15 December 2011
Exploration & Production

Iraq to uphold Exxon’s West Qurna licence

Iraq’s central government will “for now” respect the contract signed with ExxonMobil to develop the West Qurna oilfield despite the company signing exploration agreements with the Kurdistan Regi

15 December 2011

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