Iran started drilling four wells at the offshore section of the phase 1 of the South Pars gas field, IRNA quoted National Iranian Drilling Company official Mohammadreza Takaidi as saying. South Pars Oil and Gas Company will drill the wells within 280 days, he noted. The managing director of Pars Oil
Iran started drilling four wells at the offshore section of the phase 1 of the South Pars gas field, IRNA quoted National Iranian Drilling Company official Mohammadreza Takaidi as saying. South Pars Oil and Gas Company will drill the wells within 280 days, he noted. The managing director of Pars Oil
Iran-Pakistan (IP) gas pipeline will be completed at all costs by the end of 2014, Iranian Consul General in Peshawar Hassan Darvishvand said. Darvishvand said 110 million cubic feet of gas will be available to Pakistan per day under the project which would solve much of the electricity shortage and
With coastal areas bracing for rising sea levels, new research indicates that cutting emissions of certain pollutants can greatly slow sea level rise this century. Scientists found that reductions in four pollutants that cycle comparatively quickly through the atmosphere could temporarily forestall
Top News of the Week April 8 – 13, 2013
Qatar Gas Transport Company (Nakilat), the largest LNG ship owner in the world, revealed a net profit of QR 189 million for the first quarter of 2013, in comparison to a net profit of QR 186.6 million for the corresponding period last year, an increase of QR 2.4 million. Q1 2013 net profit after los
Drewry’s latest Tanker Insight saw the Tanker Earnings Index jump by 69% as activity surged, lifting freight rates across all vessel segments. Chartering activity in the dirty tanker market remained buoyant as 77.9 million tonnes of crude were fixed for shipment, comfortably up on the 65.9 million t
CGG announced today that three acquisition crews operating in Saudi Arabia on behalf of Saudi Aramco have achieved impressive safety records. Two OBC crews have completed six million and five million man-hours of continuous operations without a Lost Time Incident (LTI) respectively while a third vib
Mohammed bin Saleh Al Sada, Minister of Energy and Industry, Chairman and Managing Director of Qatar Petroleum and Gulf International Services (GIS), inaugurated a Pacific Class 400 jack-up drilling rig, Al Jassra. It is one of the most technologically advanced offshore drilling rigs to ever work in
Qatar has the third largest proven conventional natural gas reserves and is the world’s largest producer of Liquefied Natural Gas (LNG) with an annual output of around 77 million tons. RasGas Company Limited (RasGas) produces about half of it – supplying countries across Asia, Europe and the America
The Multipurpose sector faces a difficult couple of years, but its long-term prospects are good, according to Drewry Maritime Research’s latest Annual Multipurpose Shipping Market Review and Forecast report. Most owners of Multipurpose ships (MPVs) were fairly upbeat at the start of 2012 and, in spi
APM Terminals CEO Kim Fejfer and a senior delegation met with representatives of the Omani government this past week as the company’s partnership in Omani logistics infrastructure and economic development was the key topic of discussion in meetings with the Minister of Commerce and Industry Dr. Ali
As part of a special ceremony marking the successful operations of Qatar Petroleum’s Gas Operations for over three decades now, Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry and Chairman & Managing Director of QP, laid last April 4 the foundation stone of the New Support Campus Com
Three phases of Iran’s South Pars gas field will come on stream in the current Iranian calendar year, which will boost the country’s natural gas production capacity by 150 million cubic meters per day, National Iranian Oil Company managing director Ahmad Qalehbani stated. The current Iranian year st
