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Exploration & Production

Iran begins shale study

Iran has begun a study into shale oil and gas deposits within its borders, Bloomberg reported on Sunday.

23 April 2012
Global Markets

Yemen LNG restarts operations

The Yemen LNG project restarted normal operations on Saturday, three weeks after its main gas feedstock pipeline was bombed.

23 April 2012
Global Markets

Iraqi federal government requests KRG delegation

The federal government in Iraq has requested a delegation from the Kurdistan Regional Government (KRG) meet in Baghdad to restart negotiations over the legality of the production sharing contracts the KRG has signed with international oil companies, Upstream reported on Friday.

20 April 2012
Exploration & Production

Iranian minister warns CNPC must start development at South Pars

Iranian oil minister Rostam Ghasemi has again warned China National Petroleum Corp. (CNPC) that it must start developing the South Pars gas field Phase 11 within a month or the deal will be cancelled, the Mehr news agency reported.

20 April 2012
Exploration & Production

Dahan Petroleum takes fresh look at potential of the UAE’s Saleh field

Dahan Petroleum is preparing to start exploration of the area surrounding the Saleh concession off the coast of Ras al Khaimah in the United Arab Emirates

20 April 2012
LNG

Six YLNG cargoes cancelled following sabotage attack

Six LNG cargoes from the Yemen LNG (YLNG) plant on the Gulf of Aden had to be cancelled in April following a sabotage attack on 30 March

20 April 2012
Exploration & Production

Iraq's PCLD issues E&P pre-qualified list

Iraq’s Petroleum Contracts and Licensing Directorate (PCLD) has issued a final list of the 47 companies pre-qualified to take part in the next exploration licensing round.

19 April 2012
Pipelines, Storage & Power

Alstom signs $65.3 mln contract with Iraq ministry

Alstom has signed a $65.3 million contract with Iraq’s Ministry of Electricity for the rehabilitation of two units at Khor al-Zubair gas-fired power station in Basra, Construction Week reported on Thursday.

19 April 2012
Exploration & Production

Iraq urged towards a more flexible EPC model

Iraq adopted EPC lump-sum contracts as a quick-fix for power project tenders. But the country’s unpredictable operating environment requires a more flexible system, contractors say

19 April 2012
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

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