National Iranian Gas Co. at the World Gas Conference 2015. Pipelines, Storage & Power

Iran ready to send more gas to Iraq

While Iran has nearly finished building the spur from IGAT-6 to the Iraqi border, delays on Iraq's side may hold up supplies.

By Verity Ratcliffe 19 January 2018
Companies & Finance

Genel Energy to buy stake in licence in Kurdish region of Iraq

Genel Energy agreed to buy a 23% stake in the Bina Bawi licence in the Kurdish region of northern Iraq.

14 May 2012
Companies & Finance

Oman LNG 2011 revenues up 26.5%

Oman LNG’s 2011 revenues increased by 26.5% to $3.96 billion, the company said in a statement on Monday.

14 May 2012
Exploration & Production

Cyprus attracts 15 bids in latest licensing round

The success of Cyprus’ second offshore oil and gas licensing round has exceeded expectations, with 15 bids received for the 12 blocks on offer, Minister of Commerce, Industry and Tourism Neoclis Sylikiotis told journalists on Friday. The tender, which closed on Friday, attracted 10 consortia and five companies, including Malaysia’s Petronas, Fr

11 May 2012
Exploration & Production

Yemeni government, Total discuss further cooperation

Yemen’s President Abdrabu Mansour Hadi met with Total's regional director for oil exploration and production, Arno Breyak, on Thursday to discuss ways to expand Total’s operations in the country, Saba news agency reported.

11 May 2012
Companies & Finance

Qatar International Petroleum Marketing Co. to diversify funding sources

State-owned Qatar International Petroleum Marketing Co., will seek to diversify its funding sources to include more Asian banks, particularly Japanese lenders, Roger Hickman, the company’s executive director of finance, told Bloomberg.

11 May 2012
Companies & Finance

Gulf Keystone seeks to calm market speculation

London-listed explorer Gulf Keystone Petroleum sought to calm market speculation about a possible fund-raising on Thursday by saying that it has no intention of raising money from investors at present.

10 May 2012
Exploration & Production

Does another Leviathan lurk offshore Crete?

Greece is the latest country to join the dash for East Mediterranean gas. While a decision on the multi-client seismic tender, initially intended for April, has been delayed until the tumult of the elections subsides, the government could still make a pre-announcement on an offshore exploration licensing round as early as October.

9 May 2012
Pipelines, Storage & Power

Iran agrees plan to pipe gas into Lebanon

Tehran and Beirut have agreed a plan to pipe Iranian gas into Lebanon, via Iraq and Syria, Press TV reported Iran's First Vice President Mohammad-Reza Rahimi, as saying on Thursday.

4 May 2012
Exploration & Production

Can Gaza’s forgotten gas venture be revived?

Few Israelis of any political stripe are shedding public tears over the scrapping of Egyptian Natural Gas Holding Co.’s (EGAS’s) gas supply contract with Israel in late April, blamed on pipeline operator East Mediterranean Gas’ (EMG’s), failure to pay for gas supplies.

4 May 2012
Global Markets

Attack on Total vehicle kills Yemeni employee

A gun attack on a Total vehicle in Yemen on Tuesday has led to the deaths of two men; one a Total E&P Yemen employee, Suhail al-Jawfi, a Yemeni national, who died of his injuries on Wednesday morning, and the second a soldier.

3 May 2012
Global Markets

Ampal-American Israel Corp. files arbitration request against Egypt

Ampal-American Israel Corp., a 12.5% shareholder in East Mediterranean Gas (EMG), has filed a request for arbitration against the Egyptian government, following Egyptian Natural Gas Holding Co.'s (EGAS’) termination of its gas sales agreement to Israel.

3 May 2012
Exploration & Production

Leviathan gas development programme on track, partner to be announced mid-2012

Drilling at the Leviathan 1 well off the coast of Israel has been halted following technical difficulties, Noble Energy said in a statement on Tuesday.

3 May 2012
Exploration & Production

Oman opens auction for onshore block

Oman’s Ministry of Oil and Gas has invited international and local oil companies to bid for the onshore Block 65 in the northeast of the sultanate, the Oman Daily Observer reported.

2 May 2012
Policy & Regulation

Jordan's first nuclear power plant 'could cost $9.8 bn'

The World Nuclear Association estimates that the cost of Jordan’s first nuclear power plant could hit $9.8 billion, not counting financing and decommissioning costs, The Jordan Times reported on Tuesday.

2 May 2012
LNG

Kuwait Oil Tanker to construct 6 tankers in 2014

Kuwait Oil Tanker Co. will start the construction of six oil and gas tankers in 2014, state news agency KUNA reported.

2 May 2012
Exploration & Production

ATP starts drilling at Shimshon well

ATP Oil and Gas Corp., through its subsidiary ATP East Med, has started drilling at the Shimshon well in the Levant Basin of offshore Israel with the Ensco 5006 drilling unit, the company said in a statement.

2 May 2012
Global Markets

Middle East set for 80% capex increase 2011-2016

The Middle East will see an 80% increase in capex from 2011 to 2016, compared to a 45% average increase worldwide, driven by drilling in Saudi Arabia and Iraq, according to a new report on upstream spending released on Monday by IHS.

1 May 2012
Companies & Finance

Genel completes acquisition of 40% stake in Kurdistan block

London-listed Genel Energy has completed the acquisition of a 40% stake in the Chia Surkh block in the Kurdish region of northern Iraq after receiving approval for the deal from the Kurdistan Regional Government.

1 May 2012
Exploration & Production

Nicosia condemns TPAO’s offshore Cyprus drilling decision

The Cypriot government has condemned Ankara’s decision to allow Turkey’s state-run oil company TPAO to start exploratory drilling on six licences off the coast of Cyprus.

1 May 2012
Companies & Finance

Dana Gas production up, but still waiting on KRG, Egypt payments

Dana Gas boosted oil and gas production in its three countries of operation over 2011 - Egypt, the Kurdistan Region of Iraq and the United Arab Emirates –but the company is still struggling to recover money owed by both the Egyptian government and the Kurdistan Regional Government

30 April 2012

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