The developers of the Leviathan gas field offshore Israel signed on Tuesday a letter of intent with Dolphinus Holdings to supply gas to Egypt. The gas would be transported using the transmission system of Israel Natural Gas Lines (Natgaz) to Ashkelon and from there to the local market in Egypt using
Iran plans to increase its share in the global gas trade by launching five LNG projects over the next 3 years managing director of the National Iranian Gas Company (NIGC) Hamidreza Araqi said.
Petronet LNG, India’s biggest importer of the chilled fuel is still in negotiations with RasGas of Qatar over a $1.5 billion penalty fee after breaching the 25-year supply contract.
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Iran is planning to boost its natural gas output to nearly 330 billion cubic meters a year by the next two years.
UAE energy firm Dana Gas reported a net loss of US$9 million for the third quarter of this year, compared to a net profit of US$38 million in the same period in 2014.
Popular news, November 9 – 15, 2015
The world is awash with oil after having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the International Energy Agency (IEA) said on Friday.
Asia’s ports of Busan, Hong Kong and Ningbo have kept their lead in boxship turnaround efficiency as they required shorter waiting times at anchorages as compared to the rest of top 10 container ports from around the world for October, the latest analysis from IHS Maritime&Trade shows. The analysis
The global fleet of containerships above 500 twenty-foot-equivalent units made idle has breached the 1 million TEU mark amid depressed containership market, according to Alphaliner. Just in the last two weeks, a total of 35 ships of 109,000 TEUs were made idle. The volume of idle capacity doubled si
An extended period of lower oil prices would benefit consumers, but would trigger energy-security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short, says the International Energy Agency (IEA) in the 2015 edition of it
U.A.E based Grandweld has delivered the newbuild Dive Maintenance & Support Vessel (DMSV) to Abu Dhabi National Oil Company (ADNOC). The 50 meter ‘TAWAM1’ vessel will be operated by IRSHAD and used for the dive and maintenance operations in the Abu Dhabi offshore oil fields. The new vessel is fitted
Popular news, November 2 – 8, 2015
After assessing the third quarter results from the major oil and gas companies, Wood Mackenzie, an energy intelligence group, has identified four key themes to look out for in 2016. Wood Mackenzie says the latest round of earnings results offered the industry an early glimpse at what lies ahead in 2
