Dana Gas PJSC, the Middle East’s first and largest regional private sector natural gas company, said that it has reached an in-principle agreement on the restructuring terms of the US$1 billion Sukuk-al-Mudarabah due 31 October with the Ad Hoc Committee of Sukukholders. The Ad Hoc Committee holds a
Turkey does not plan to reduce imports of natural gas from Iran, Turkey’s Energy Minister, Taner Yildiz announced. “Turkey does not plan to reduce gas supplies from Iran, as the EU sanctions against Iran will not cover existing contracts,” Yildiz said. Iran and Turkey signed a 25 year agreement to s
Leading international well flow management company Expro will present a range of leading technologies at the 15th Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) – the Middle East’s leading oil and gas event. From 11-14th November, Expro will showcase its complete package of pro
McDermott International, Inc. announced today that one of its subsidiaries has recently been awarded two projects by Saudi Aramco in the Abu Safah, Marjan and Safaniya fields in the Arabian Gulf. “We will be executing both projects using engineering, project management and procurement resources from
Arabian Drilling Company (ADC) today, November 5, announced it has ordered a KFELS Mod V – B Class jack-up rig. The rig, under construction at Keppel FELS Limited in Singapore, will be delivered to ADC in the second quarter of 2013. “We expect the rig to be deployed on a longer term contract in the
A gas pipeline feeding the Balhaf LNG terminal in Yemen will take about one week to be repaired following an attack on it on October 30, Reuters quoted Yemen’s oil and minerals minister Ahmed Dares as saying. “The government is working to take a series of measures to secure the oil installations and
Qatargas has been awarded the prestigious “Award for Excellence in Flaring Reduction” by the World Bank led Global Gas Flaring Reduction Partnership (GGFR) at a high-profile gala ceremony in London. The World Bank led initiative, the GGFR, is a globally recognized flare mitigation program within the
The first deck of South Pars gas field phases 17 and 18 platforms was installed in its maritime location in Persian Gulf. Managing director of Pars Oil and Gas Company (POGC), Mousa Souri, made the remarks adding the deck weighs 2320 tons adding two million hours of specialized work have been spent
The first deck of South Pars gas field phases 17 and 18 platforms was installed in its offshore location in Persian Gulf, announced Pars Oil and Gas Company on its website today, November 4. Managing director of Pars Oil and Gas Company (POGC), Mousa Souri, made the remark adding the deck weighs 232
International offshore drilling contractor, Noble Corporation, on Thursday, November 1, announced that the company has secured contracts for two of its rigs in the Middle East. In its fleet status report, Noble Corp. announced that the company’s jack-up rigs Noble Alan Hay and Noble David Tinsley ha
Natural gas condensates worth about 1.67 billion dollars were imported through Pars complex seaport, according to the report by nioc web site. The customhouse manager of Pars special region, Ahmad Pour heidar confirmed that the cargos were comprised of 9 pieces of natural gas condensates with weight
80 billion dollars will be invested in development and completion of South Pars gas field phases, deputy minister of petroleum for planning and supervision on hydrocarbon resources said. Speaking during a visit to Assaluyeh, onshore installation of South Pars gas field, Mohsen Khojasteh-Mehr told Sh
Norwegian oil and gas company DNO International ASA informed today that the just completed West Bukha-4 well located in Block 8 offshore Oman, flowed on a 54/64 inch choke 7,000 barrels of 39º API oil and 15 million cubic feet of gas per day through a test separator. West Bukha-4 will be connected t
Dana Gas PJSC the Middle East’s largest regional private sector natural gas company, announced its financial results for the nine months ended 30 September 2012 with a net profit after tax of AED 491 million, an increase of 37% as compared to AED 359 million for the comparable period in 2011. Revenu
