Kogas of South Korea, the world’s largest corporate buyer of LNG, has reportedly agreed to pay a higher price of $14 per million Btu for the LNG it purchases from Yemen. “The new price was made effective retroactively to January 1, 2014 and negotiations are still underway with Total and GDF Suez,” A
Sultan bin Salim al-Habsi, Secretary General of the Supreme Council for Planning and Chairman of Sohar Industrial Port, stressed that Sohar Port is ready to receive all business and meet the needs of the large growth of the volume of cargo and marine activity. He added that almost 80% of the first s
Masirah Oil Limited has discovered oil in Block 50, offshore Oman. Masirah Oil Limited today announced the successful reach of the well target depth in the second exploration well in Block 50 Oman to its final depth of >3,000 metres into the Cambrian formation. Hydrocarbons were discovered in severa
A Pakistani delegation is in Tehran to discuss with Iranian officials a new timeframe for the completion of the Iran-Pakistan gas pipeline projected to carry natural gas from Iran to Pakistan. The team comprised of officials from Pakistan’s Ministry of Petroleum and Natural Resources as well as Inte
DP World welcomed the container vessel CMA CGM Kailas on its first call at Jebel Ali Port, marking a new service between the UAE and Somalia, supporting trade links and the growth of the Somali economy. Noura Express, as the service is known, is the second container shipping service connecting Dubai
Hessa Mohammed Al Nesf, a corporate planning analyst at Qatargas, has become the first Qatari national to be awarded the Incorporated Engineer (IEng) qualification by the Institution of Chemical Engineers (IChemE). Incorporated Engineer (IEng) is an internationally recognised qualification establish
Dana Gas PJSC announced its full year preliminary results for the year ended 31 December 2013. The Group’s full year production was up 8%, driven by a 14% jump in Egyptian output to 13.4 million barrels of oil equivalent from 11.8 mmboe in 2012. This resulted in a marginal increase in full year gros
A rocket attack on Yemen’s only LNG export terminal in Balhaf did not cause any casualties or damage, Yemen LNG said in a statement on Friday. “Yemen LNG confirms that today, Friday, 31st January 2014, at around 02:30am, a blast sounded offshore the Balhaf Plant, coming from a rocket-launched explos
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Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period, totalling $260 billion (bn) from 2014 to 2018, with growth driven primarily by Africa and the Americas. Douglas-Westwood (DW) has launched the 12th edition of its World Deepwater Market Forecast 2014
Nakilat has secured a second refinancing loan for its joint venture with Maran Ventures. Nakilat has signed the loan facility, worth USD 669 million, with QNB Group, Qatari-owned commercial bank. The loan will be used to refinance two existing LNG vessels and purchase two additional newbuild LNG ves
Nakilat of Qatar, world’s biggest LNG shipper, said it has secured a US $669 million facility with QNB Group for the refinancing of two existing LNG tankers and the purchase of two additional LNG tankers by its Maran-Nakilat joint venture. This is the second refinancing that Nakilat has secured for
The Lengeh Port Authorities have announced a plan to increase the capacity of this port from current 1.5 million to 4.5 million tons per year. In order to achieve this, the dredging operations are on the agenda. Mr. Esmail Makizadeh, the Lengeh Port manager, said that with the completion of dredging
Qatar Petroleum (QP) and UOP LLC, a Honeywell company, have signed a joint research agreement on “Process Optimization of CO2 and Sulfur Components Removal from Natural Gases.” The agreement was signed at QP headquarters by Mohammed bin Saleh Al-Sada, Minister of Energy and Industry and Chairman of
