Drilling offshore Egypt Exploration & Production

EGAS seeks to tap into Zohr effect with licensing round

The company is planning another licensing round in Egypt as it looks to capitalise on the interest generated by Eni’s Zohr discovery.

By James Gavin 16 February 2018
Pipelines, Storage & Power

Egyptian gas exports to Israel resume

Egyptian gas supplies to Israel have resumed, following attacks to the pipeline in the Sinai Peninsula.

19 January 2012
LNG

‘Talk to the Americans’ about Strait closure – Iranian ambassador

Iran will not take responsibility for the consequences of any halt in LNG shipments should it block the Strait of Hormuz, a senior diplomat told Interfax on Tuesday.

19 January 2012
Policy & Regulation

Saudi Arabia’s revised oil price target

Saudi Arabia’s revised oil price target of $100/bbl is in part a reflection of rising public spending in the wake of the Arab spring, the Financial Times reported on Monday.

18 January 2012
Exploration & Production

$100/b oil raises incentive for Saudi fuel switching

Saudi Arabia’s oil minister Ali Naimi told CNN on Monday he would like to keep oil prices at around $100 per barrel.

18 January 2012
LNG

Israel IEC closes LNG supply tender for 2.5 bcm/y floating facility

Israel Electric Corporation’s (IEC) request for information (RFI) tender for the supply of LNG into a proposed floating LNG import terminal off the coast of Israel closed on Tuesday.

18 January 2012
Exploration & Production

Homer Ferrington rig arrives at Leviathan 1

The semi-submersible Homer Ferrington rig has arrived at the Leviathan 1 well located in the Rachel licence off the coast of Israel and is expected to start drilling “in the coming days”, licence operator Delek Energy said in a press release on Monday.

17 January 2012
LNG

Israel has not received proposal for Eilat LNG plant

Israel’s Ministry of Finance has not received an official proposal from National Gas Pipelines Co. and Eilat-Ashkelon Pipeline Co. to build an LNG plant in Eilat, Roni Hershkovitz, director of the international affairs department, told Interfax on Sunday.

16 January 2012
Companies & Finance

Genel increases 20% stake in Chia Surkh to 80%

Genel Energy is increasing its 20% stake in the Chia Surkh exploration block in Kurdistan to 80% and will become the licence operator, the Anglo-Turkish company said in a statement on Monday.

16 January 2012
LNG

South Korea seeks stronger ties with Oman to counter Strait closure

Oman has agreed to strengthen energy ties with South Korea in the wake of Iran’s threats to close the Strait of Hormuz if the West tightens sanctions.

16 January 2012
Companies & Finance

Delek units secure $25 million loan while appealing Petroleum Council ruling

Delek Group is loaning $25 million to its exploration units Delek Drilling and Avner Oil & Gas while the two explorers negotiate longer-term financing with HSBC and the Israeli ministry of energy and

13 January 2012
Companies & Finance

SOCAR and Aurora sign off on debt package

A joint venture between the State Oil Company of Azerbaijan Republic (SOCAR) and Swiss-based private company Aurora Progress has signed off on a debt package to support development of a hydrocarbon products terminal at the Port of Fujairah in the United Arab Emirates.

13 January 2012
Pipelines, Storage & Power

Siemens lands second $1 billion gas turbine deal

Siemens has secured a deal with Saudi Arabia’s Hajr for Electricity Production Company to supply around $1 billion worth of gas turbines for a new power plant in Qurayyah, beating off competition fr

12 January 2012
LNG

Israel floats idea of state-owned liquefaction facility

Israel’s state-owned National Gas Pipelines Company and Eilat-Ashkelon Pipeline Company (EAPC) have submitted a preliminary proposal to Israel’s ministry of finance to build a $6 billion LNG export facility at the port of Eilat.

11 January 2012
Policy & Regulation

Iraq publishes Extractive Industries Transparency Initiative

Iraq has published its first Extractive Industries Transparency Initiative (EITI) report on the EITI website on Monday disclosing details about the $41 billion it received in revenues from oil and gas exports in 2009.

10 January 2012
Pipelines, Storage & Power

Tamar partners secure two new offtake contracts

The Tamar consortium has finalised two 16-year gas contracts worth $1.2 billion with Ramat Negev Energy and Ashdod Energy for the offtake of 0.33 billion cubic metres per year from the Tamar field, of

10 January 2012
Exploration & Production

Cyprus gas find sends ripples through the East Mediterranean

Noble Energy’s discovery offshore Cyprus has triggered interest in gas exploration in the East Mediterranean. However, the promise of energy dependency and hydrocarbon profits has sparked fresh conf

9 January 2012
Supply & Demand

Price spike threat from Hormuz closure

Feeling the pressure from the international community due to its nuclear programme, Iran has threatened to block the Strait of Hormuz. Interfax explores the effect this could have on gas prices

6 January 2012
Exploration & Production

Baghdad delays fourth bidding round again

Iraq has postponed its fourth oil and gas licensing round to 11-12 April, the oil ministry announced on its website on Wednesday.

5 January 2012
Pipelines, Storage & Power

Israel’s Dalia Power secures up to 1 bcm/y of Tamar gas

Israel’s Dalia Power Energies, has signed a $259 million contract to buy 0.7- 1 billion cubic metres per year of gas from the Tamar gas field, according to a report in Hebrew daily Ma'ariv.

5 January 2012
Exploration & Production

Kuwait protests against Iran’s plan to develop Arash gas field

The Kuwait foreign ministry has objected to Iran’s decision to develop the Arash gas field in the Gulf of Kuwait unilaterally.

4 January 2012

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