The Cabinet of Israel has approved the outline to increase the quantity of natural gas produced at the Tamar natural gas field and to “rapidly develop” the Leviathan, Karish and Tanin natural gas fields. According to reports, the arrangement stipulates Noble Energy and Delek Group will commit to inv
Israel’s Cabinet approved the outline to increase the quantity of natural gas produced at the Tamar natural gas field and to rapidly develop the Leviathan, Karish and Tanin natural gas fields.
Azizollah Ramezani, the director for international affairs department of the National Iranian Gas Company, said the draft agreement to export Iran’s natural gas to neighboring Iraq has been finalized after four days of discussions between the Iranian and Iraqi expert teams.
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After months of stalemate, Israel might be making a step towards the development of the giant offshore gas field, the Leviathan. It has been announced that an agreement has been reached this week with gas operators Noble Energy and Delek Group. The draft will be presented to the cabinet on Sunday fo
Oil prices stabilised on Thursday, supported by lower U.S. stockpiles and a firm demand outlook, but worries over China’s economy continued to weigh.
The International Energy Agency (IEA) said Wednesday in its Oil Market Report for August that global oil demand in 2015 is expected to grow by 1.6 mb/d, up 0.2 mb/d from IEA’s previous Report and the fastest pace in five years, as economic growth solidifies and consumers respond to lower oil prices.
Popular news, August 3 – 9, 2015
Video: Wheatstone LNG project more than 65 pct complete Chevron’s US$29 billion Wheatstone liquefied natural gas project in Australia is more than 65 percent complete. Chevron’s profit plunges 90 pct Oil and gas giant Chevron said its second-quarter profit was at $571 million, down 90 percent as com
Video: Wheatstone LNG project more than 65 pct complete Chevron’s US$29 billion Wheatstone liquefied natural gas project in Australia is more than 65 percent complete. Chevron’s profit plunges 90 pct Oil and gas giant Chevron said its second-quarter profit was at $571 million, down 90 percent as com
Austal Limited has delivered the first of two high speed catamaran ferries to the Abu Dhabi National Oil Company (ADNOC). The contract for two 45 metre catamaran ferries was awarded in April 2014 and valued at approximately $30 million, with the vessel constructed at Austal’s Philippines shipyard. A
Iran and Azerbaijan are planning to expand their cooperation in oil and gas sectors under new international conditions, Iran’s deputy oil minister for international affairs and trade said. Amir Hossein Zamaninia made the remarks following a meeting between Iran’s Oil Minister Bijan Namdar Zanganeh a
Iran and Azerbaijan are planning to expand their cooperation in oil and gas sectors under new international conditions, Iran’s deputy oil minister for international affairs and trade said. Amir Hossein Zamaninia made the remarks following a meeting between Iran’s Oil Minister Bijan Namdar Zanganeh a
As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year – a speculative slide below $50 (32.16 pounds) a barrel followed by a quick recovery.
