Middle East & East Mediterranean

Global Markets

Israel offers to help Palestine exploit gas fields

Israel will help Palestine exploit its gas fields off the coast of Gaza, if Palestine drops its bid to be recognised as a non-member state at the UN General Assembly in September, an official in the prime minister’s office told The Times of Israel on Sunday.

6 August 2012
Policy & Regulation

IMF to loans Jordan $2 billion to finance energy sector reform

The International Monetary Fund has approved a 36-month $2.06 billion stand-by arrangement for Jordan to ease the strain on public finances as the country recovers from a turbulent 18 months.

6 August 2012
Exploration & Production

It’s not the hand, but how you play it

KRG Oil Minister Ashti Hawrami has proved successful at luring four of the world’s oil majors to invest in Iraqi Kurdistan. Can this new bargaining power be as successful in luring Baghdad into cooperation?

3 August 2012
Exploration & Production

STX Heavy Industries win Iraq plan contract

South Korea's STX Heavy Industries has been awarded a $194.53 million contract from a consortium of Eni, Occidental Petroleum and Kogas to build an oil and gas processing plant in Iraq.

2 August 2012
Exploration & Production

Isramco, ATP Oil & Gas declare Shimshon discovery

Isramco and ATP Oil & Gas Corp. have officially declared the Shimshon well off the coast of Israel a gas discovery, Globes reported on Wednesday.

2 August 2012
Companies & Finance

Gazprom Neft follows Total and Chevron into Iraqi Kurdistan

Gazprom Neft has signed two production sharing contracts with the Kurdistan Regional Government (KRG) of Iraq, in a deal worth $260 million. The Russian company’s announcement comes just one day after Total said it has signed explorations contracts with the KRG.

2 August 2012
Policy & Regulation

Iran offers to invest $250 mln in Pakistan's gas sector

Iran has offered to invest $250 million in Pakistan’s gas sector, the Tehran Times quoted Asim Hussain, adviser to the prime minister on petroleum and natural resources, as saying on Tuesday.

1 August 2012
Exploration & Production

Total acquires exploration rights in Kurdistan Region of Iraq

Total announced on Tuesday that it has acquired a 35% stake in Harir and Safen, two exploration blocks in Kurdistan Region of Iraq, from United States explorer Marathon Oil.

1 August 2012
Supply & Demand

Iran oil minister visits energy officials in Turkey

Rostam Qasemi, Iran’s oil minister, is visiting energy officials in Turkey this week to discuss the potential for boosting oil and gas exports to the country’s northern neighbour, Reuters reported on Monday.

31 July 2012
Policy & Regulation

US negotiators agree on tougher sanctions programme against Iran

Negotiators from the United States House of Representative and the Senate have agreed on a new package of sanctions against Iran aimed at further cutting back the country’s oil revenues and halting its suspected nuclear weapons programme.

31 July 2012
Pipelines, Storage & Power

Israel Electric Corp. considering Leviathan gas

State-owned Israel Electric Corp. is considering buying gas from the Leviathan field after lead developer Noble Energy announced that it will begin delivering Leviathan gas to Israel in 2016, Globes reported on Sunday.

30 July 2012
Exploration & Production

CNPC withdraws from Iran as China’s US ambitions take root

After three years of wrangling with the Iranian oil ministry, CNPC has finally withdrawn from the South Pars Phase 11 project, potentially giving China more freedom to focus on investments in America.

30 July 2012
Supply & Demand

Leviathan partners review options for East Med gas

The Leviathan partners are reviewing several options to export East Mediterranean gas, including an onshore plant on Cyprus and a floating LNG facility, lead developer Noble Energy said in its second quarter results on Thursday.

27 July 2012
Supply & Demand

Israeli PM and finance ministry urging gas export increase

Israeli Prime Minister Benjamin Netanyahu and the Ministry of Finance are urging the interministerial Tzemach Committee to increase volumes of gas exports permitted from Israeli gas fields, Globes reported on Wednesday.

26 July 2012
Pipelines, Storage & Power

Turkey wants to reduce gas-fired power generation

The Turkish government wants to reduce the volume of gas-fired power generation in the country’s electricity mix from 53% to 30% by 2023, Energy and Natural Resources Minister Taner Yıldız said on Tuesday, according to the Cihan News Agency.

26 July 2012
Exploration & Production

Cyprus electricity authority signs MOU with Israel Electric Corp.

The Electricity Authority of Cyprus has signed a memorandum of cooperation with state-owned Israel Electric Corp. agreeing to work jointly on ways to use East Mediterranean gas reserves to produce power for both countries, the Cyprus Mail reported on Thursday.

26 July 2012
Exploration & Production

PetroChina extends exploration acreage in Qatar with 40% stake in Block 4

PetroChina has bought a 40% stake in an offshore exploration block in Qatar from GDF Suez Exploration. GDF Suez will remain the operator of Block 4 with a 60% stake.

26 July 2012
Pipelines, Storage & Power

Tamar gas field JV signs agreement with Dalia Power

The Tamar gas field joint venture has signed a final gas supply agreement with Dalia Power Energies, Tamar partner Delek Energy said in a statement on Tuesday.

24 July 2012
Exploration & Production

ABB wins $100 mln contract to build plant in Oman

ABB has won a contract worth more than $100 million to build a new gas condensate processing plant for Petroleum Development Oman (PDO) in Oman.

24 July 2012
Companies & Finance

Eurasia Drilling Co. acquires onshore rigs in Iraq

Russian drilling contractor Eurasia Drilling Co. (EDC) has acquired two onshore drilling rigs in Iraq, with a commitment to purchase a third.

24 July 2012

Viewing 2,121-2,140 of 2,672 articles