DLA Piper has represented Brisbane-based Bothar Boring & Tunnelling Pty Limited in a major investment into Australia’s liquefied natural gas (LNG) industry. The deal, which was finalised last week, was for a 49% shareholding in Bothar by Petroserv Group, which is based in Qatar. Bothar will be rebra
Iran and India have held constructive talks on India’s partnership in the development of Farzad B gas field in the Persian Gulf, Iran’s Oil Minister Rostam Qasemi said, Press TV reported. Qasemi pointed to fruitful talks between Iranian and Indian officials during his three-day visit to New Delhi an
Nakilat, a wholly owned subsidiary of Qatar Gas Transport Company, has successfully arranged refinancing amounting to $917m with Qatar National Bank SAQ (QNB). Nakilat established its Program Financing structure to fund the construction of a fleet of 25 LNG vessels, each of which is subject to a 25-
Qatar, the world’s largest LNG producer, will supply Egypt with free five shipments of LNG to help Egypt with its fuel demand over the peak summer period, the Egyptian Petroleum Ministry revealed in a statement. “Qatar will supply five cargoes of liquefied natural gas as a gift to the Egyptian peopl
Azerbaijan is ready to produce 54 billion cubic meters of gas per year and export it to Iran until 2020. The Ministry of Industry & Energy of Azerbaijan has issued a number of statements about the prospects of the national gas industry, Iran’s SHANA news agency reported. According to the Ministry, D
Drydocks World and Maritime World, the well-established international maritime service provider, announced that Chairman H.E. Khamis Juma Buamim held discussions with DNV Group Chief Executive Officer, Henrik O. Madsen at DNV headquarter in Oslo, Norway. The discussions revolved around next-generati
A senior Pakistani legislator has emphasized the necessity for the rapid construction of Iran-Pakistan gas pipeline project which is expected to carry Iran’s gas to Pakistan. The opposition leader from Pakistan People’s Party (PPP) and member of Pakistan’s National Assembly, Makhdoom Amin Fahim, cal
Top News of the Week June 3 – 8, 2013
Baker Hughes Incorporated announced today that the international rig count for May 2013 was 1,283, down 18 from the 1,301 counted in April 2013, and up 58 from the 1,225 counted in May 2012. The international offshore rig count for May 2013 was 327, down 4 from the 331 counted in April 2013, and up
International energy consultancy Xodus Group has secured two contracts from Abu Dhabi based Valentine Maritime (Gulf) L.L.C. The first project is for the design of new subsea pipelines in the Arabian Gulf. This will be the Xodus Group’s first subsea project from its rapidly growing team in Dubai, Un
A NEW law regulating the dredging of sand from the seabed stalled yesterday over fears that low-paid labourers could be made scapegoats. Shura Council members refused to approve the draft bill due to concerns that wealthy businessmen behind the illegal practice could escape punishment. It has now be
The South Pars gas field will absorb as much as 30 billion dollars this Iranian calendar year to March 2014, senior Iranian energy officials announced. Managing Director of the National Iranian Oil Company (NIOC) Ahmad Qalebani made the remarks, and added that to speed up development of the field’s
Iraq’s electricity ministry said it has signed an initial agreement with Iran to import natural gas for power generation. Under the memorandum of understanding between the two neighbors, Iran will install a pipeline through Iraq and supply it with gas that would be used to feed two power plants in B
Yemen LNG confirmed that two attacks took place on Sunday targeting the 38-inch gas pipeline that links the Marib Block 18 gas field production to the Balhaf LNG facilities located on the Gulf of Aden. The two attacks occurred at 1:50 pm and 2:10 pm on Sunday, about 55km and 88km, respectively, nort
