Middle East & East Mediterranean

Exploration & Production

Baghdad maintains hard line on KRG oil and gas contracts

Baghdad has not softened its stance towards the oil contract ExxonMobil signed with the Kurdistan Regional Government (KRG), contrary to reports in the media last week, Asri Mousa, a former senior official from the Ministry of Oil, told Interfax on Tuesday.

18 April 2012
Exploration & Production

What’s in store for Iraq’s gas sector?

Asri Mousa, a former senior official at the Iraqi Ministry of Oil, talks to Interfax about the long-term gas potential in Iraq.

18 April 2012
Companies & Finance

Iraq will miss output targets if local capability dearth ignored

Iraq may struggle to hit its ambitious five-year oil and gas production targets as ageing equipment, lack of skilled local personnel and inadequate training institutions limit the country’s capabilities.

17 April 2012
Companies & Finance

Qatar Petroleum, Mowasalat to undertake CNG study

Qatar Petroleum and Mowasalat will undertake a joint study to consider using CNG to fuel public transport vehicles in Qatar, the Gulf Times reported on Monday.

16 April 2012
Exploration & Production

Israel’s Modiin Energy secures rig for Yam Hadera licence

Israeli oil and gas explorer Modiin Energy has signed an agreement with Noble Energy for the lease of the Homer Ferrington rig to drill at the Yam Hadera licence off the coast of Israel, the company said in a statement to the Tel Aviv Stock Exchange on Sunday.

16 April 2012
Pipelines, Storage & Power

Shell gets ball rolling on $17 bn Iraq gas capture scheme

Shell has awarded the first construction contract for its gas-gathering project in Iraq. But the venture not only faces an immense technical challenge, but the dilemma of what to do with its immediate surplus gas.

13 April 2012
LNG

Down but not out: the impact of LNG plant maintenance

Traders and energy journalists are often excited by reports of planned maintenance on Qatar’s LNG plants, but is this an over-reaction?

13 April 2012
Exploration & Production

ExxonMobil to keep oil contracts in Kurdistan pending central government approval

Baghdad may let ExxonMobil keep three of the six oil contracts it signed with the Kurdistan Regional Government last year if they meet with the central government’s approval, Deputy Prime Minister for Energy Hussain al-Shahristani told The Associated Press on Thursday.

13 April 2012
Supply & Demand

Mubadala makes $1.14 billion loss in 2011

Mubadala, the Abu Dhabi government investment company which recently announced plans to build a floating LNG import terminal off the coast of Fujairah, made a $1.14 billion loss in 2011 as declining financial and real estate markets led to big write-downs, the Financial Times reported on Friday.

13 April 2012
Exploration & Production

'Developing shale gas reserves in Saudi Arabia will prove challenging'

Developing shale gas reserves in Saudi Arabia will be a challenge because of low permeability and deep reservoirs, Adnan Kanaan, general supervisor for gas reservoir management at Saudi Aramco, said in an interview with Bloomberg on Tuesday.

11 April 2012
Global Markets

Missile defence system for Israeli offshore gas installations?

Israel may install a missile defence system on offshore gas installations to protect them from attack, UPI reported on Tuesday.

11 April 2012
Exploration & Production

Petroleum agency delays push back Lebanon gas auction

Lebanon has delayed the tender of exploration blocks in the East Mediterranean as it still has not set up a petroleum committee to administer the round, Energy and Water Minister Gebran Bassil told Reuters on Tuesday.

11 April 2012
Global Markets

Fourteenth attack on Egyptian gas pipeline

An explosion hit the Egyptian pipeline carrying gas to Israel and Jordan on Sunday, the 14th attack on the pipeline since the ousting of President Hosni Mubarak in February 2012, Reuters reported.

10 April 2012
Companies & Finance

Abraaj Capital to invest in Kuwait Energy

Private equity manager, Abraaj Capital, has announced an agreement to invest in Kuwait Energy.

10 April 2012
Companies & Finance

Oman LNG, Qalhat LNG mull merger

Oman’s two LNG exporters, Oman LNG and Qalhat LNG (QLNG), are discussing a possible merger, the Middle East Economic Survey (MEES) reported on Sunday. The combined company could give Oman more weight in the global LNG market, as well as cut costs, Brian Buckley, Oman LNG’s general manager and chief executive, was reported as saying. The deal co

10 April 2012
Exploration & Production

Phase 3 of Sembcorp Salalah power generation project to go online

Phase 3 of Sembcorp Salalah’s $1 billion power generation and water desalination project in Oman’s Dhofar Governorate should go online this month, the Oman Daily Observer reported on Thursday.

5 April 2012
Supply & Demand

Tehran to double electricity exports to Turkey

An Iranian Energy Ministry official said Tehran will double electricity exports to Turkey over the next two months, Iran’s Press TV reported on Wednesday.

5 April 2012
Exploration & Production

Syrian national oil company qualified for Iraq’s fourth licensing round

Syrian General Oil Corp. has been pre-qualified to participate in Iraq’s fourth licensing round in May, Iraq’s Ministry of Oil said in a statement on its website on Wednesday.

5 April 2012
Global Markets

43 killed days after attack on Yemeni gas pipeline

An airstrike in Yemen has killed 43 suspected militants, the Associated Press reported on Tuesday.

4 April 2012
Exploration & Production

Cyprus government seeks timeline for Block 12 development

Cyprus’ government is seeking a concrete timeline from Noble Energy for development of the Block 12 licence, the Cyprus Mail reported on Tuesday.

4 April 2012

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