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Exploration & Production

INA withdraws staff from Syria but continues gas production

Croatian energy company Industrija nafte (INA) withdrew most of its employees from Syria in late January as the country’s security situation deteriorates.

7 February 2012
LNG

Qatar Shipping to buy stakes in LNG carriers

Qatar’s Milaha subsidiary Qatar Shipping Company is to buy a 15% stake in two LNG Carriers: Maersk Ras Laffan and Maersk Qatar.

6 February 2012
Exploration & Production

‘Strong signs’ of gas found offshore Israel

Noble Energy has found “strong signs” of gas at the Tanin 1 well offshore Israel, the company’s license partner Delek Group said in a press release on Sunday.

6 February 2012
Pipelines, Storage & Power

Egyptian supplies to Jordan stop

All Egyptian gas supplies to Jordan have stopped after a bomb attack in the north African country, Jordan’s Minister of Energy and Mineral Resources Qutaibah Abu Qura told the state-owned Petra news agency on Sunday.

6 February 2012
Supply & Demand

Turkmenistan cuts gas exports to Iran

Turkmenistan has cut gas exports to Iran by 50%, from 20 MMcm/d to 10 MMcm/d, Iranian mass media have reported.

6 February 2012
Pipelines, Storage & Power

Iraq braces to meet power supply shortfall

Power generation in Iraq still trails painfully behind peak summer demand, however promises by the government to address bureaucracy and invest in the country’s transmission and distribution infrastructure, coupled with the prospect of new gas supplies, could help redress the supply shortfall this year

6 February 2012
Exploration & Production

Petroceltic expects to secure sales contract for Isarene

UK-listed Petroceltic expects to secure a gas sales contract for the Isarene permit in Algeria by the middle of this year, Chief Executive Brian O’Cathain told Interfax on Friday.

3 February 2012
Supply & Demand

Qatar plans shut-in should Iran shut the Strait

Qatar is drawing up a contingency plan for a shutdown of production at its LNG plants should Iran close the Strait of Hormuz, a senior oil official in the emirate told Dow Jones on Thursday.

3 February 2012
Companies & Finance

Gulfsands Petroleum looking for opportunities

Syria-focused Gulfsands Petroleum said in a London Stock Exchange announcement on Thursday that it was looking at acquisition opportunities, as its Syrian interests remain disrupted by sanctions imposed by the EU and US.

2 February 2012
Companies & Finance

Dominion Petroleum takeover approved

The takeover of Dominion Petroleum by Ophir Energy was approved on Wednesday by the Supreme Court of Bermuda, where Dominion is registered, the company said in a statement to the London Stock Exchange on Thursday.

2 February 2012
Exploration & Production

Al-Khafi Joint Operations signs contract with Technip

The Al-Khafji Joint Operations – a joint venture (JV) between Saudi Aramco and Kuwait Petroleum Corp – has signed a contract with France’s Technip to build gas facilities in Khafji, a town on the border between Saudi Arabia and Kuwait, Reuters reported on Wednesday.

1 February 2012
Supply & Demand

Turkey takes Iran to international arbitration

Turkey has taken Iran to international arbitration over the price paid for gas imports, Reuters reported Turkish Energy Minister Taner Yildiz as saying on Tuesday.

1 February 2012
Supply & Demand

Rising Saudi output will meet demand – al-Naimi

Saudi Arabian Oil Minister Ali al-Naimi said on Monday that rising gas output in the country would help meet boom domestic demand and free up more crude for export, according to Reuters.

31 January 2012
Exploration & Production

Iraq delays licensing round

Iraq has delayed the fourth licensing round until the end of May, Abdul-Mahdy al-Ameedi, director of the Iraqi oil Ministry Contracts and Licensing Directorate, said in an interview with Reuters.

31 January 2012
Companies & Finance

Dana reports profit jump but no plan to address $1 bln debt

An increase in production and higher oil prices helped Abu Dhabi-based Dana Gas to a 220% increase in net profits in its 2011 earnings report on Monday.

31 January 2012
Pipelines, Storage & Power

Oman finalising pipeline plan

Oman is firming up plans to build 230 km pipeline to carry gas from centre of the country to the new Duqm Special Economic Zone (SEZ) on the Wusta coast, Yahya Khamis Juma al Zadjali, head of planning and engineering at the Duqm SEZ Authority told the Oman Daily Observer on Sunday.

30 January 2012
Exploration & Production

BP to start assessing Risha gas field

BP will start drilling exploratory wells at the Risha gas field in Jordan, near the border with Iraq, to assess reserves in the next few weeks, an Energy Ministry spokesman told Bloomberg today.

30 January 2012
Pipelines, Storage & Power

Pipeline attacked in Syria

An "armed terrorist group" have attacked and damaged a gas pipeline in Syria, the state-run SANA news agency reported on Monday.

30 January 2012
Pipelines, Storage & Power

Cyprus’ DEFA to launch tender for three major gas pipelines

Cyprus’ state-owned Natural Gas Public Company will launch an engineering, procurement and construction tender this year for the construction of three pipelines to connect a proposed gas terminal with three fuel oil-fired power stations, which will soon be converted to run on gas.

30 January 2012
Supply & Demand

Unreliable Egypt forces Jordan to turn to LNG

Jordan is setting its sights on LNG to ease its dependence on Egyptian gas and it will need to decide whether to opt for a floating or permanent import facility this year

27 January 2012

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