Pipelines, Storage & Power Iran’s power sector offers challenging pickings
As power demand growth slows in the Middle East, private developers are looking to Iran as a potential frontier market, but several hurdles stand in their path.
Saudi Arabia sees debt downgrade
Credit ratings company Standard & Poor’s has downgraded Saudi Arabia’s debt rating to A+/A-1 from AA-/A-1+.
2 November 2015Israel’s economy minister resigns
Israel’s Economy Minister Aryeh Deri has resigned, clearing a major obstacle to the development of the country’s gas fields.
2 November 2015South Pars topside installation underway
Installation of a topside that will facilitate the development of the 19th phase of Iran’s South Pars gas field is under way.
2 November 2015Blackouts plague Iraq but IS takes priority
The IS insurgency in Iraq and administrative problems are causing a power crisis, with infrastructure, generation capacity and financial resources all sorely lacking.
2 November 2015Oman gas worker union threatens strike
Trade unions representing Oman’s oil and gas workers are threatening strike action.
30 October 2015Genel sells Chia Surkh licence to Petoil
Genel Energy has sold its 20% interest in Iraqi Kurdistan’s Chia Surkh licence to Turkey-based Petoil.
29 October 2015Saudi Arabia could hike domestic energy prices
Saudi Arabia is considering raising its domestic energy prices, the country’s Oil Minister Ali al-Naimi said this week, according to media reports.
29 October 2015
Supply & Demand Eni in talks with East Med players on regional hub
Eni is looking at developing a regional gas hub in the East Mediterranean and is in discussions with key players about the use of Egypt’s LNG plants.
29 October 2015Libyan domestic allocations threaten GreenStream exports
Libya is increasingly diverting gas from the GreenStream pipeline towards domestic power uses. While NOC claims exports will be unchanged in the long term, it assumes new sources will fill the void.
28 October 2015Egypt to hire third FSRU
Egyptian Natural Gas Holding Co. will hire a third FSRU to bring LNG into Egypt from late 2016 or 2017.
27 October 2015Iran to ship gas to Oman
Iran has agreed to export some of its gas to Oman for liquefaction and shipping.
27 October 2015Iran to launch new South Pars phases next month
Iran is planning to officially launch Phases 15 and 16 of the country’s huge South Pars field in November, according to Iranian media reports.
27 October 2015Russia to decide on Iranian projects after roadshow
Iran will hold a road show to present the requirements for participation in its oil and gas projects, after which Russian energy companies will decide whether they will participate, Russian Energy Minister Alexander Novak has said.
26 October 2015Qatargas LNG cargoes to Japan top 2,300
Qatargas has delivered an estimated 2,300 LNG cargoes to Japanese customers since 1997, Qatar Petroleum President and Chief Executive Saad Sherida al-Kaabi has said.
26 October 2015Siemens turbines picked for Qatari power plant
Samsung C&T; and Hitachi Zosen have selected Siemens to provide turbines for a 2.5 GW combined-cycle power plant in Qatar.
23 October 2015Tamar owners meet UFG over Damietta LNG
Spain’s UFG wants to buy gas from Israel’s Tamar field to re-export from its idled Damietta LNG plant in Egypt, but Cairo is a long way from giving its assent.
22 October 2015Apache reviews Egypt’s Al-Obayyed field
United States-based Apache has completed its shale gas review in Egypt’s Al-Obayyed field in the Western Desert, which will include a calculation of gas reserves.
21 October 2015Oman power demand expected to double
Oman Power and Water Procurement Co. expects the country’s peak power demand will double to 9.1 GW in 2020, from 4.5 GW in 2013, further straining the country’s limited gas resources.
21 October 2015Bahrain to award LNG terminal contract next month
The Bahrain National Oil and Gas Authority will award a $400 million LNG terminal contract next month, Energy Minister Abdulhussain Mirza told local media this week.
21 October 2015UAE plans to end fuel subsidies
The UAE plans to end fuel subsidies in July to help improve the country’s fiscal balance sheet and GDP for 2015, Moody’s Investors Services reported.
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