The Neptune FSRU docks at Etki LNG terminal, Turkey. (Engie) LNG

Turkey continues diversification drive with new FSRUs

State-owned Botas has plans for two more FSRUs, while three private ventures have submitted applications for construction of their own floating units.

By Silvia Favasuli 15 August 2017
Exploration & Production

M&A in Kurdistan to gather pace

Vallares’ acquisition of Kurdistan-focused Genel Energy could trigger a burst of merger and acquisition (M&A) activity in Northern Iraq.

8 September 2011
Supply & Demand

Global demand for LNG may create a very competitive market for buyers until 2015

The global LNG industry has grown at an unprecedented rate over the past two years, with first half 2011 production 41% higher than in the same period for 2009.

8 September 2011
Tony Hayward’s investment vehicle, Vallares, has targeted Kurdistan-focused Genel Energy International. (PA) Companies & Finance

Vallares to buy Genel in $2.1 billion merger

Vallares $2.1 billion merger with Genel Energy, the Kurdistan’s largest oil producer, could kick-start a flurry of M&A deals in the highly prospective region.

7 September 2011
Exploration & Production

CNPC outbids Tethys Petroleum in race for Afghanistan block

China National Petroleum Corp. (CNPC) has won the tender for three blocks in Afghanistan, the state-owned company’s rival for the block said on Monday.

6 September 2011
Leaders of participating countries pose for a group photo after the signing ceremony of the Nabucco Intergovernmental Agreement at the Rixos Hotel in Ankara, Turkey, 13 July 2009. (PA) Pipelines, Storage & Power

Nabucco makes long term bet on Iraq

With the Nabucco consortium still needing to firm up gas supply for its 31 bcm/y pipeline, Iraq’s gas reserves could prove crucial, but the country’s many problems cast its prospects as a near-term gas supplier in doubt.

5 September 2011
Supply & Demand

Fears of maintenance severely impacting Qatari LNG supplies to Europe likely to be overstated

Following the announcement of the planned maintenance at QatarGas trains 5, 6 and 7 over the autumn, the October UK gas contract price rose 7p from 63p/therm to 70p/therm over the course of two days, Deutsche Bank said in its weekly commodity report on Friday.

5 September 2011
Generators for sale in central Baghdad. Iraqis buy generators for their houses to counter long power cuts. (PA) Supply & Demand

Prospects are bleak for Iraqi gas exports

Iraq has neighbours keen to buy its gas, however, poor infrastructure, failure to pass a new oil and gas law and the country’s own gas deficit are severely hindering its export plans.

2 September 2011
Companies & Finance

Extension for Barzan project debt package

Banks have been given an extra week to submit commitments for the $4.7 billion debt package required for the Barzan gas project in Qatar.

2 September 2011
Exploration & Production

No agreement on Tamar gas pricing says Delek

The Tamar consortium and Israel Electric Corporation (IEC) have not settled on a sales price for gas from the Tamar field, despite reports in local business daily, Globes, that they are close to a deal.

2 September 2011
Exploration & Production

Israel to start construction of floating LNG terminal in 2012

Limited infrastructure and bureaucratic hurdles may hinder the development of a still nascent gas industry in Israel.

1 September 2011
Despite the civil unrest raging throughout Syria, energy companies have continued to pump gas. (PA) Exploration & Production

Syrian oil and gas sanctions may hit civilians hard

Energy firms in Syria continue to pump gas almost unhindered by the civil conflict. The EU may find it trickier to agree on a ban on all activities in the hydrocarbons sector.

1 September 2011
Exploration & Production

IEC and Tamar consortium close to signing multi-million dollar supply deal

The Israel-based Tamar consortium is close to settling a multi-million dollar gas supply deal with state-owned Israel Electric Corporation (IEC), local business website Globes reported on Tuesday.

31 August 2011
Gas flares at the Rumaila oil refinery, near the city of Basra. (PA) LNG

Iraqi oil firms have ‘no incentive’ to deliver gas

Iraqi companies developing the three giant oil fields in southern Iraq have little incentive to deliver associated gas to Shell’s gas gathering project, as the oil field service contracts signed in 2009 make no clear reference to doing so.

30 August 2011
Pipelines, Storage & Power

Eni, Libyan transitional council aim to reopen GreenStream soon

Italian energy major and former Muammar Gaddafi ally Eni has signed a deal with Libya’s National Transitional Council (NTC), agreeing to work together to re-start the company’s GreenStream gas pipeline as quickly as possible, Eni announced on Monday.

30 August 2011
Pushing through a new oil and gas bill will be top of the agenda when the Iraqi parliament resumes. (PA) Exploration & Production

Pessimism returns over prospects for new oil and gas law in Iraq this year

When the Iraqi Parliament resumes after Eid, pushing through a new oil and gas bill will be top of the agenda.

26 August 2011
Policy & Regulation

Shahristani appointed as Iraq’s acting electricity minister

Iraqi Prime Minister Nouri al-Maliki appointed the Deputy Prime Minister for Energy, Hussein al-Shahristani, as acting minister of electricity yesterday.

25 August 2011
Exploration & Production

Suncor reviews value of Ebla gas plant, as fresh sanctions imposed against Syria

Canada’s Suncor Energy is reviewing the sanctions imposed by the United States against the Syrian government, but has not yet announced plans to withdraw from its gas operations there.

24 August 2011
Exploration & Production

IEI criticises Shell gas gathering deal in Iraq

The Iraq Energy Institute, an adviser to the Iraqi parliament, has criticised the “monopolistic” nature of the Shell gas gathering deal in Iraq.

24 August 2011
Companies & Finance

Banks to submit bids for Qatar's Barzan gas project by end of August

International and local banks should submit proposals for a $4.7 billion syndicated loan to finance the Barzan gas project in Qatar by 29 August.

23 August 2011
Supply & Demand

PKK attacks to have 'zero influence' on Turkey’s gas policy

Iran remains “a very import gas supplier,” to Turkey, despite the risk of sabotage on the Iran-Turkey gas pipeline, the head of the Turkish Parliament's Energy Committee Mahmut Mucahit Findikli, was quoted as saying by Iran’s semi-official Fars News Agency on Saturday.

22 August 2011

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