Middle East & East Mediterranean

Exploration & Production

Iraqi gas-gathering deal receives final approval

Royal Dutch Shell and Mitsubishi’s $17 billion gas-gathering deal has received final approval from the Iraqi cabinet.

15 November 2011
Companies & Finance

DNO merger still on-track – Rak

Dubai-based Rak Petroleum said that its merger with Norwegian group DNO International was on track to close in early 2012 during its third quarter results announcement published on Thursday.

14 November 2011
Policy & Regulation

GECF chief Bokhanovsky re-elected for second term

The Secretary General of the Gas Exporting Countries Forum (GECF), Leonid Bokhanovsky, will stay in office for another two-year term, Russian Energy Minister Sergei Shmatko told journalists on Sunday after a GECF ministerial meeting.

14 November 2011
Policy & Regulation

Gas market unresponsive to Iran nuclear report

The International Atomic Energy Agency’s report on Iran this week said there was ‘credible evidence’ the country is developing nuclear weapons, but the threat to the strategic Straits of Hormuz has so far not hit gas prices.

11 November 2011
LNG

Saudi moves forward with nuclear plans

Saudi Arabia has ambitious plans to develop its nuclear power capacity to avoid a looming electricity shortage and earmark more of its valuable oil production for export.

11 November 2011
Exploration & Production

A vote of confidence in KRG

ExxonMobil has signed six exploration contracts with the Kurdish Regional Authority (KRG), making it the first of the supermajors to venture into northern Iraq. This suggests investment in the KRG may

11 November 2011
Companies & Finance

Topaz appoints Standard Chartered and DVB for $380 mln debt package

Dubai-based services company Topaz Energy has appointed two banks to arrange a $380 million debt package.

11 November 2011
Pipelines, Storage & Power

Sixth attack on Egyptian gas pipeline halts flows to Israel and Jordan

A new attack on Egypt’s gas export pipeline in the Sinai Peninsula on Thursday has halted the flow of Egyptian gas into Israel and Jordan.

10 November 2011
Companies & Finance

Kuwait Energy eyes blocks in Iraq’s fourth licensing round

Kuwait Energy Company (KEC) is evaluating the 12 exploration blocks up for auction in Iraq’s fourth licensing round, the company announced in its third quarter earnings report, released on Tuesday.

9 November 2011
Exploration & Production

Syria needs gas production as tighter sanctions loom

International sanctions against Syria should not be extended to the production of gas, Ausama Monajed, the executive director of Strategic Research & Communication Centre, a London-based think-tank, told Interfax on Monday.

7 November 2011
Companies & Finance

ExxonMobil and Qatar Petroleum sign off on Barzan debt commitments

ExxonMobil and Qatar Petroleum (QP) have signed off on debt commitments to back the $10.3 billion Barzan gas project in Qatar.

4 November 2011
Companies & Finance

Delek Group subsidiaries waiting to hear on $1 billion Tamar field deal

Two subsidiaries of Israeli conglomerate Delek Group, Delek Drilling and Avner Oil & Gas, are waiting to hear back from banks after launching a $1 billion deal to market for the Tamar gas field last month.

4 November 2011
Companies & Finance

Saudi International Petrochemical closes on $1.1 billion polymer plant

State-owned Saudi International Petrochemical Company (Sipchem) is set to reach financial close on a $1.1 billion downstream hydrocarbon plant for the production of polymers over the next six months.

4 November 2011
Policy & Regulation

Saudis ponder the right price

Pressure is mounting on Riyadh to address the domestic sales price of gas, which currently serves the interest of petrochemicals producers rather than the IOCs exploring for gas in difficult terrain.

4 November 2011
Exploration & Production

Enerflex wins contract to build Block 60 gas processing facility in Oman

Oman Oil Company Exploration and Production (OOCEP), the upstream arm of the state-owned Oman Oil Company, has awarded Canada’s Enerflex a $228 million contract to build a plant to process gas from the Block 60.

3 November 2011
LNG

Suncor continues Ebla gas operations in Syria

Canada’s Suncor Energy is committed to operating its Elba gas plant in Syria despite the government’s continued crackdown on opposition demonstrators, the company said in its third quarter earnings release on Thursday.

3 November 2011
Exploration & Production

Meeting Middle Eastern gas demand

With gas demand across the Middle East rising, the EIU’s Peter Kiernan discusses how the region will meet its fuel needs.

2 November 2011
Pipelines, Storage & Power

EGL focusing on Azeri gas supplies, as prospects for importing Iranian gas looks bleak

A gas import contract signed between Switzerland’s EGL and the National Iranian Gas Export Company (NIGEC) in 2008, “is not and has never been operational”, EGL spokesman, Richard Rogers, told Interfax on Tuesday. “The current geopolitical situation does not allow natural gas to be procured from Iran,” he added.

2 November 2011
Exploration & Production

Decision on Israel 2.5 bcm/y FLNG facility imminent

A final decision on Israel’s proposed floating LNG facility is “coming soon”, Sagi Karni, head of the international affairs department at Israel’s infrastructure ministry told Interfax on Tuesday.

2 November 2011
LNG

TAQA to expand power operations in the MENA region

Abu Dhabi’s state-owned Abu Dhabi National Energy Co (TAQA) is looking to expand its oil, gas and power operations within the greater Middle East and Africa region, spokesperson Stephan Schwarz told Interfax on Tuesday.

1 November 2011

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