More than 2000 gas supply and development plans will come online on the 34th anniversary of victory of Islamic Revolution, Managing director of National Iranian Gas Company (NIGC), Javad Owji said. Elaborating on the plans, he said supplying 34 cities, 1147 villages and 305 industrial units with gas
Dana Gas PJSC, the Middle East’s leading regional private sector natural gas company, has announced its preliminary financial results for the year ended 31st December 2012. Dana Gas recorded net profit growth of 20% in 2012, increasing to US$ 165 million (AED 605 million) from US$ 138 million (AED 5
Emirates LNG has chosen Bank of Tokyo-Mitsubishi UFJ Ltd. as their financial consultant, Bloomerg informs citing one of Emirates LNG shareholders (Mubadala Development Co. and International Petroleum Investment Co. joint Venture Company). The Abu Dhabi-based company plans to build a terminal for imp
Iranian company Pars Oil & Gas is working to recover a platform jacket that sunk on Tuesday in the Persian Gulf. Mehr reported that the jacket, which was being installed to support a natural gas platform, as a part of phase 13 of South Pars Project, plunged to a depth of 80 metres. Bad weather [&hel
BP of UK posted a video about the company’s recently released Energy Outlook 2030. Over the next 20 years, unconventional oil and gas will have an increasing impact on global energy markets. Emerging economies, including China, India, Brazil and Russia, will continue to drive energy demand. Shale ga
Iran will export 25 million cubic meters of natural gas to Iraq by the next Iranian year, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced. He said that, according to initial agreement, Iran will deliver 25 million cubic meters of gas per day to Iraq via Ilam border
Tugs Fairmount Summit and Fairmount Alpine have delivered the new build Noble Tamar jacket at location in the Tamar gas field in the Eastern Mediterranean, off the coast of Israel. Both tugs towed the barge on which the jacket was loaded from the US to the field South-East of Cyprus. The 18,500 ton
Abu Dhabi is preparing to welcome the Queen Mary 2, the world’s most expensive ocean liner to its passenger terminal at Mina Zayed on 28 January. The United Kingdom’s Ambassador to the UAE Dominic Jermey CVO, OBE will be joined by 2,620 passengers when they will disembark from the AED3.22 billion Cu
Piracy on the world’s seas has seen a major decrease over the last five years, with 297 ships attacked in 2012, compared with 439 in 2011, as revealed in the latest International Maritime Bureau’s (IMB) report on January 16. This has been made possible by naval and armed guard protection, but the se
The Israel Electric Corporation confirmed that the LNG supply from the regasification ship that the company leased had begun. The expected savings from the use of LNG supplied by a cargo of one regasification ship, compared to the use of diesel oil, is estimated by the company at approximately 15 Mi
Top News of the Week of Jan 19 – 26, 2013
Director for Research and Technology at the National Iranian Gas Company (NIGC) Saeed Pakseresht said the Islamic Republic of Iran has become self-sufficient in building gas turbo-compressors and is now among six countries which manufacture the equipment. According to the report of the public relati
Check out this video in which Harris Pye installs new ROV deck on Seadrill’s semi submersible rig West Aquarius. Harris Pye is a rapidly expanding global organisation specialising in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas and associated onshore industr
Israel’s first floating liquefied natural gas terminal has received a shipment of LNG from BP, thus starting its commercial operations, local media reported. Energy officials at the launching ceremony held on January 24 hailed the floating LNG import terminal as capable of relieving Israel’s gas sho
