State power utility Saudi Electricity Co. is currently the only offtaker of power in Saudi Arabia. (Saudi Electricity Co.) Alternative Fuels

Saudi Arabia presses on with power privatisation

Saudi Arabia’s power sector reforms will shift the state power utility into the role of system operator, but the constant changes are taking their toll.

By Verity Ratcliffe 26 April 2017
Exploration & Production

Exports from Shah Deniz climb year on year

Exports of Azerbaijani gas from the first stage of the Shah Deniz field development increased by 0.5% year on year in January and February 2017, to 1.3 bcm.

27 March 2017
Exploration & Production

BP makes third gas discovery in Damietta

BP has made a third gas discovery at the Qattameya Shallow 1 exploration well in the North Damietta concession offshore Egypt.

27 March 2017
Policy & Regulation

Iran welcomes Russian oil and gas investment – Rouhani

Iranian President Hassan Rouhani said on Monday that he welcomed Russian investment in his country’s oil and gas fields.

27 March 2017
Policy & Regulation

Russia and Kuwait hold talks on oil and gas equipment production

Russia and Kuwait have discussed bilateral cooperation on the joint production of oil and gas equipment, the Russian Energy Ministry’s press service has said.

27 March 2017
Companies & Finance

Gazprom and Iran start talks on joint oil and gas projects

Iran has entered into negotiations with Gazprom to partner on oil and gas projects in the country.

24 March 2017
Global Markets

Saudi Aramco prepares debt sale ahead of IPO

Saudi Aramco is set for its first debt sale in preparation for the company’s IPO.

24 March 2017
LNG

Kuwait launches LNG cargo tender

Kuwait Petroleum Corp. (KPC) has launched a tender for an LNG cargo for May.

22 March 2017
Alternative Fuels

EDF joins Dubai solar park consortium

EDF has joined the Masdar-led consortium developing the third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.

22 March 2017
Global Markets

Turkey’s gas consumption continues to fall

Gas consumption in Turkey has been falling over the last couple of years after a sustained period of growth.

22 March 2017
LNG

Rosneft to deliver LNG cargoes to Egypt

Rosneft has signed a contract to deliver 10 shipments of LNG to Egyptian Natural Gas Holding Co. in 2017.

21 March 2017
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.

21 March 2017
The Balhaf LNG export plant has been largely untouched by the war, but pipelines have been targeted. (Yemen LNG) LNG

Yemen LNG unlikely to restart anytime soon

Yemen's Saudi-backed government claims it has entered into fruitful discussions with IOCs, but the Balhaf LNG plant is not likely to be back online imminently.

20 March 2017
Companies & Finance

Chariot halves pre-tax losses in 2016

Chariot Oil & Gas has posted a pre-tax loss of $6.8 million for the year ending December 2016, smaller than the $14.9 million pre-tax loss it racked up the previous year.

16 March 2017
Companies & Finance

Egypt appoints new heads of EGPC and EGAS

Egypt’s oil minister, Tarek el-Molla, has appointed new heads for state oil and gas companies Egyptian General Petroleum Corp. and Egyptian Natural Gas Holding Co.

16 March 2017
Exploration & Production

Saudi rig count continues falling but remains high

The number of rigs targeting gas in Saudi Arabia has fallen every month since October but is still higher than before oil prices started to drop.

16 March 2017
The Excelerate FSRU in Argentina. The vessel has since moved to the UAE. (Argentine Energy Ministry) LNG

Emirates LNG considering sites for new terminal

Emirates LNG is looking for locations to build a new onshore regas terminal in the UAE, but analysts question whether the federation needs the extra capacity.

16 March 2017
Exploration & Production

Eni expresses interest in Lebanon

Eni’s chief exploration officer, Luca Bertelli, expressed interest in Lebanon’s recently announced first licensing round at a conference in Nicosia on Tuesday.

15 March 2017
Exploration & Production

Gazprom discussing upstream projects with Iran

Gazprom is discussing the development of upstream projects with Iran, according to the co-chairman of the Russia-Iran intergovernmental commission.

14 March 2017
Supply & Demand

Hyundai to develop gas processing unit in Iran

Hyundai has reportedly been selected for a €3.0 billion contract to develop a gas processing unit in Iran.

14 March 2017
Eni Chief Executive Claudio Descalzi. (Eni) Exploration & Production

Eni-Total tie up is a move that could pay off

The partnership between the Italian and French majors in the East Mediterranean could help both companies dominate the Cypriot offshore sector.

10 March 2017

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