Costs of liquefied natural gas imports from Qatar have dropped below $5 per MMBtu due to the revised long-term deal Petronet LNG signed with RasGas, according to India’s minister for petroleum and natural gas, Dharmendra Pradhan. India’s largest LNG importer, Petronet and RasGas of Qatar signed the
National Iranian Gas Company (NIGC) on Sunday signed a memorandum of understanding with the South Korean LNG import giant Kogas for cooperation in the gas industry.
Oil prices fell on Monday as rising production in the Middle East outweighed a decline in U.S. output and a recent slide in the dollar, which has been supporting crude.
Read the most popular news of the week.
By Apeksha Nair and Arpan Varghese (Reuters) – Analysts are growing increasingly confident that a near-two-year rout in oil has ended, and raised their price forecasts for a second month running, as healthier demand and a drop in U.S. shale output balance the market by 2017. The inability of OPEC an
The global oil market could face a supply shortfall of 4.5 million b/d by 2035, if exploration success doesn’t improve, a new study by Wood Mackenzie warns. Wood Mackenzie says discoveries in recent years have been disappointing, with the volume of liquids discovered per year more than halving over
A recent Capesize market uptick, caused by an increase in iron ore trade, higher steel prices and a rise in scrapping, has revealed its impact as the Baltic Dry Index continued to grow, reaching a mark of 704 points on April 26, up by 14. The Capesize index was up by 48 points, hitting 1135, the Sup
Polarcus, a marine geophysical company, on Wednesday posted a profit for the first quarter of the year, compared to a loss in the same period last year owing to financial restructuring. Polarcus’ net profit for the first quarter of the year totaled $145.9 million, compared to a net loss of $26.4 mil
German oil and gas exploration and production company Wintershall is setting up a facility in an Abu Dhabi port to support its drilling activities in the region. The company’s subsidiary Wintershall Middle East GmbH has signed a deal with Abu Dhabi Ports, the operator of Khalifa Industrial Zone (Kiz
Offshore marine services provider, PACC Offshore Services Holdings (POSH), has been awarded long-term charters for eight offshore supply vessels with a combined value of approximately $167.5 million by a Middle Eastern national oil company. The group will supply eight Anchor-Handling, Supply and Saf
Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that upward movement in prices should be expected later this year, Douglas-Westwood has said in its DW Monday report. The
Read the most popular news of the week.
Qatari shipping company Milaha has taken delivery of ‘Milaha Explorer’, a new liftboat which will be deployed offshore in support of field maintenance operations.
Qatargas said on Tuesday it has completed works on a wastewater treatment plant for one of its LNG facilities using membrane bio-reactor technology.
