Egypt’s Western Desert. Outgoing EGPC chairman Tarek al-Hadidi awarded blocks there during his tenure. (Apache) Companies & Finance

Reshuffle at EGPC and EGAS reflects Cairo’s caution

A series of management changes at Egypt’s NOCs reveals a strategy to stop individuals from gaining too much influence, analysts say.

By Doaa Farid 21 March 2017
Exploration & Production

Oman to launch licensing round in H2 2017

Oman’s Ministry of Oil and Gas plans to launch its 2017 exploration licensing round in the second half of the year.

22 February 2017
Companies & Finance

Saudi Aramco unlikely to float on Asian exchanges

Saudi Arabia is now considering listing its oil and gas giant Saudi Aramco on the New York, London or Toronto stock exchanges, but is less likely to list in Asia.

21 February 2017
Pipelines, Storage & Power

OPWP extends Al Kamil PPA

Oman Power and Water Procurement Co. has extended its power purchase agreement for electricity from the Al Kamil independent power project.

21 February 2017
Pipelines, Storage & Power

Zanganeh agrees to increase Iran-Iraq gas trading

Iranian Oil Minister Bijan Zanganeh agreed on Monday to increase the flows of gas traded between Iran and Iraq.

21 February 2017
Pipelines, Storage & Power

Construction begins on Iran’s Sirik gas power plant

Russia and Iran have begun building the Sirik gas-fired power plant in the city of Bandar Abbas in Iran’s Hormozgan province.

21 February 2017
Sections of the Iran-Pakistan pipeline at Chabahar, Iran, where the proposed new pipeline to India will land. (PA) Pipelines, Storage & Power

Growing optimism for Iran-Oman-India pipeline

The lifting of sanctions and technological advances have raised hopes that the Iran-Oman-India pipeline may come to fruition.

21 February 2017
LNG

Three consortiums interested in building Iran LNG – NIOC

National Iranian Oil Co. is negotiating with three consortiums to complete construction of the Iran LNG project, Ali Amirani, acting head of NIOC’s gas export division, has said.

20 February 2017
Pipelines, Storage & Power

Iranian pipeline inauguration due by end of February

Iranian President Hassan Rouhani will inaugurate a gas pipeline linking the two southeastern cities of Iranshahr and Chabahar by the end of February.

17 February 2017
Iran’s South Pars field. The country is hoping to attract $185 billion in upstream investment. (Pars O&G) Exploration & Production

Iran close to massive gas investments – ministry

Iran is expecting to make upstream deals worth up to $35 billion over the next few months, a senior government official has revealed.

17 February 2017
Policy & Regulation

Northern Iran supply continues despite Turkmengaz dispute

The pricing dispute between Turkmengaz and National Iranian Gas Co. is still unresolved, but northern Iran has not suffered, the deputy minister of trade and international affairs has told Interfax.

16 February 2017
Iran plans to invite bids for its licensing round by the end of the Iranian year. (NIOC) Exploration & Production

Iran pushes back tender as bilateral talks continue

Iran is trying to maintain interest in its first post-sanctions licensing round despite the signing of bilateral agreements and fears of deteriorating relations with the United States.

16 February 2017
Exploration & Production

Saudi Arabia’s exploration drop offset by neighbours

The number of rigs targeting gas in the Middle East ticked up by 1.1% in January as a drop in the number of active rigs in Saudi Arabia was offset by activity in Egypt, Kuwait and Oman.

16 February 2017
Companies & Finance

Dana claims third court award made to Crescent and Pearl on Kurdistan dispute

Crescent Petroleum and Pearl Petroleum Co. have received the third and final award from the London Court of International Arbitration in relation to a dispute with the Kurdistan Regional Government.

15 February 2017
LNG

IOOC signs agreement for its first FLNG facility

The Iranian Offshore Oil Co. has signed an agreement for its first FLNG facility.

15 February 2017
Exploration & Production

ADNOC aiming to double sulphur production in next 10 years

Abu Dhabi National Oil Co. plans to double its sulphur production over the next decade, Omar Suwaina al-Suwaidi, ADNOC’s gas management director, has said.

14 February 2017
Exploration & Production

NIOC discoveries amount to 1.8 tcm over past three years

National Iranian Oil Co. has discovered four new oilfields and nine gas fields in the past three years.

14 February 2017
Companies & Finance

NIGC to dissolve two subsidiaries

National Iranian Gas Co. will dissolve two of its subsidiaries according to Hamidreza Araghi, NIGC’s managing director.

14 February 2017
Exploration & Production

Genel signs revised PSAs for Miran and Bina Bawi fields

Genel Energy has signed revised production-sharing contracts and gas lifting agreements with the Kurdistan Regional Government for both the Miran and Bina Bawi gas fields.

14 February 2017
Exploration & Production

IOOC invites companies to prequalify for offshore bidding

Iranian Offshore Oil Co. has invited companies to prequalify to bid for drilling and other contracts in its offshore acreage, according to media reports.

14 February 2017
Exploration & Production

Eni completes Shorouk stake sale

Eni has completed the sale of a 10% stake in Egypt’s Shorouk offshore concession – location of the Zohr discovery – to BP.

14 February 2017

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