Noble Energy Mediterranean announced that due to a significant increase in the water flow rate in the production of natural gas from Pinnacles 1 well, it has decided to close the bar, and prepare for final abandonment. Abandonment operations are planned to be performed during 2014, after obtaining t
Iranian President, Hassan Rohani, said the joint pipeline project between Tehran and Islamabad can boost bilateral cooperation. In a meeting with Pakistani President, Asif Ali Zardari on Saturday, Rohani said, “The joint project of building the gas pipeline can have a significant influence on increa
Dana Gas PJSC the Middle East’s largest regional private sector natural gas company, announced its financial results for the six months and quarter and ended 30 June 2013 with a net profit of AED 341 million and AED 100 million respectively. Average overall production volumes were up 5% to 61,700 ba
VIDEO: Bechtel Updates on GLNG Project Construction, Australia LNG engineer Bechtel posted two videos showing the progress on Australia’s GLNG project. Golar LNG Executes FSRU Time Charter with Jordan Golar LNG Limited said that a firm FSRU time charter with the Government of the Hashemite Kingdom o
Iran’s annual gas exports revenues will reach 20-25 billion dollars in the coming years, Iranian minister of petroleum, Rostam Qasemi said. According to the report of the public relations of the National Iranian Gas Company (NIGC), he said Iran is currently exporting oil products, gas and petrochemi
1. Footbridge Collapses Between ‘Floatel Superior’ and ‘Kvitebjorn’ 2. VIDEO: Gudrun Load Out, Sail Away and Offshore Installation 3. Gallery: Oil Spill Hits Thai Tourism. Greenpeace Calls for Drilling Ban 4. Eni Makes Significant Oil & Gas Discovery Offshore Congo 5. Seadrill Orders Two New
PIRA Energy Group believes that the winter faces LNG supply risk. In the U.S., gas production from Marcellus as well as portions of Utica was significantly above June 2012. In Europe, Norway has slightly boosted its estimated supply loss in the first 10 days of August. Specifically, PIRA’s analysis
Construction of 5 berths and a 20-ha warehouse has been started in Anzali port. Mr. Kouhsari, Director General of the port said that this project is undertaken by the private sector in the framework of 30-month contract. These berths are built as a part of the port’s development plan. Last month the
OMV, the integrated, international oil and gas company, has launched a new job initiative. The planned growth in exploring and producing natural oil and gas means that the company will need around 1,600 additional technical staff by 2016, particularly university graduates and experienced specialists
Iranian Oil Minister Rostam Qasemi says development of the different phases of the South Pars gas field is going ahead despite U.S.-engineered sanctions against Iran over its nuclear energy program. “South Pars phases are being developed through the efforts and endeavors of capable Iranian specialis
A report by Asiya Investments says the negative impact of shale gas on the GCC won’t be significant for at least another 20 years, citing the high cost of shale gas and projected growth in Asia’s oil consumption. In fact, the report even says that Asia’s oil consumption growth will outpace natural g
Qatar Navigation (Milaha) Q.S.C. announced its financial results for the half year ending June 30th, 2013. Summary financial results are as follows: Operating revenues of QR1.214bn vs. QR1.135bn for the same period in 2012, an increase of 7% year over year. The half year revenues are the highest in
Dredge Yard develops new design for Water Ball Joint. These ball joints have been produced by using new innovative design developed by Dredge Yard’s team of engineers which makes it much more economical and suitable for transporting water. Water ball joint 700 mm is suitable for 10 bar working press
The second and largest gas storage facility in Iran and the Middle East will come online in the near future, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced. He said that Shorijeh gas storage facility, as the largest gas storage facility in the country, will stock
