• Natural Gas Daily
  • Middle East & East Mediterranean
LNG

Kuwait Oil Tanker to construct 6 tankers in 2014

Kuwait Oil Tanker Co. will start the construction of six oil and gas tankers in 2014, state news agency KUNA reported.

2 May 2012
Exploration & Production

ATP starts drilling at Shimshon well

ATP Oil and Gas Corp., through its subsidiary ATP East Med, has started drilling at the Shimshon well in the Levant Basin of offshore Israel with the Ensco 5006 drilling unit, the company said in a statement.

2 May 2012
Global Markets

Middle East set for 80% capex increase 2011-2016

The Middle East will see an 80% increase in capex from 2011 to 2016, compared to a 45% average increase worldwide, driven by drilling in Saudi Arabia and Iraq, according to a new report on upstream spending released on Monday by IHS.

1 May 2012
Companies & Finance

Genel completes acquisition of 40% stake in Kurdistan block

London-listed Genel Energy has completed the acquisition of a 40% stake in the Chia Surkh block in the Kurdish region of northern Iraq after receiving approval for the deal from the Kurdistan Regional Government.

1 May 2012
Exploration & Production

Nicosia condemns TPAO’s offshore Cyprus drilling decision

The Cypriot government has condemned Ankara’s decision to allow Turkey’s state-run oil company TPAO to start exploratory drilling on six licences off the coast of Cyprus.

1 May 2012
Companies & Finance

Dana Gas production up, but still waiting on KRG, Egypt payments

Dana Gas boosted oil and gas production in its three countries of operation over 2011 - Egypt, the Kurdistan Region of Iraq and the United Arab Emirates –but the company is still struggling to recover money owed by both the Egyptian government and the Kurdistan Regional Government

30 April 2012
Exploration & Production

New gas field discovered in Iran

Iran has discovered a new gas field estimated to contain reserves rivalling the 14 tcm of gas contained in the giant South Pars field, the semi-official news agency Mehr reported on Sunday.

30 April 2012
Companies & Finance

Former head of Libya’s National Oil Corp found dead in Austria

Libya’s former Prime Minister Shokri Ghanem was found dead in Austria over the weekend, Bloomberg reported on Sunday.

30 April 2012
LNG

Jordan’s FLNG terminal FEED to be presented to new cabinet

The front-end engineering study for Jordan’s floating LNG import terminal is now complete and will be presented to the new cabinet next month, a senior official within the energy ministry told Interfax on Monday.

30 April 2012
Supply & Demand

Indian government accepts Oman gas price rise for fertiliser plant

The Indian government has accepted a proposal by Oman to raise the price of gas it supplies to an Indian fertiliser plant in the Middle Eastern country to $1.5/MMBtu this year, from $1/MMBtu, the Economic Times reported on Friday.

27 April 2012
Companies & Finance

Orascom signs $363 million contract to build 1,000 MW Iraqi power plant

Egypt’s Orascom Construction Industries has formally signed a $363 million contract to build a 1,000 MW gas turbine power plant in Baija, Iraq.

27 April 2012
Pipelines, Storage & Power

Yemen LNG pipeline attacked again

The Yemen LNG gas pipeline that links the Block 18 to the Balhaf terminal on the Gulf of Aden has been attacked again.

27 April 2012
LNG

Abu Dhabi turns to LNG to bridge supply gap

By 2014, Abu Dhabi will be both an LNG exporter and importer. But the emirate, which holds the world’s seventh-largest gas reserves, cannot bring new domestic supplies online fast enough to keep up with demand.

27 April 2012
Companies & Finance

Debt secured for Israel's Tamar upstream project

Delek Drilling and Avner Oil and Gas, the exploration and production units of Israel’s Delek Group, have each secured a $400 million loan to fund the development of the 254 billion cubic metre Tamar gas project.

27 April 2012
Exploration & Production

TPAO to start drilling in Northern Cyprus

Turkey Petroleum Corp. (TPAO) is set to start drilling for oil and gas in the Turkish Republic of Northern Cyprus on Thursday, Turkish semi-official news agency Anatolia reported on Wednesday.

26 April 2012
Companies & Finance

Phoenix Power appoints engineer for construction of 2,000 MW Omani power plant

Phoenix Power has appointed Mott MacDonald as owner’s engineer for the construction of a 2,000 MW combined cycle power plant in the Sharqiyah region in Oman, the largest ever built in the sultanate.

26 April 2012
Companies & Finance

Dana Gas picks Blackstone Group as financial adviser in Islamic bond refinancing

United Arab Emirates-based Dana Gas has mandated Blackstone Group as a financial adviser to assess options for the refinancing of its $1 billion Islamic bond, which expires in October, Reuters reported on Thursday.

26 April 2012
LNG

IEC issues tender for supply of LNG into Hadera FLNG terminal

Israel Electric Corp. (IEC) has issued a request for proposals for the supply of LNG into its planned 2.5 billion cubic metres per year floating storage and regasification unit (FSRU).

26 April 2012
Supply & Demand

Lost Egyptian gas may cost IEC up to $3.5 billion

Israel Electric Co. (IEC) will be hit with an estimated $3-$3.5 billion imported fuel bill this year following Egypt’s decision to cancel the gas supply contract to Israel.

25 April 2012
Exploration & Production

Geology and politics continue to frustrate Kuwait’s Jurassic gas ambitions

Kuwait’s attempts to tap the northern Jurassic gas fields are likely to be another costly victim of the Gulf state’s byzantine political machinations. But the quick wins officials are turning to boost the country’s gas output may not be enough to meet the country’s soaring gas demand.

24 April 2012

Viewing 2,481-2,500 of 2,891 articles