Following the news on Bahrain making its largest oil discovery ever, the country has also put a number to it –“at least 80 billion barrels.”
The Hague-based LNG giant Shell has sold its entire 90% stake in the Gaza Marine natural gas field offshore Palestine. The company said it had reached an agreement with the Palestine Investment Fund (PIF) to divest its entire interest and operatorship in the Gaza Marine license. According to Shell,
Wood Mackenzie in 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Woodmac expects a similar total this year – circa 30 major project FIDs – supported by continued prudence in industry spending.
EU NAFOR confirms the attack on Saudi oil tanker, identifies the vessel.
The attack was described as a retaliation for a deadly air strike carried out by the coalition on Monday.
Bahrain has said it has made a huge oil discovery off the west coast of the country, “the largest oil discovery since 1932.”
Qatar Petroleum said that limits to foreign company ownership in the world leading LNG exporter’s energy sector, as well as shareholder ownership limits, have been increased.
Discussions between Dubai-based Gulf Navigation (GulfNav) and Singapore-based Atlantic Navigation for the sale of equity stake in Atlantic have come to naught.
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Revenues at Oman LNG, the operator of the country’s sole LNG export plant in Qalhat, increased 14 percent to $2.19 billion in 2017. This is the first time in four years that Oman LNG reported a rise in its yearly revenue when compared to the year before. The increase was partly attributed to additio
Study: More than a quarter of seafarers show signs of depression, and many won’t ask for help.
Russian oil company Rosneft has opened an office of the International Research and Development Center in Qatar.
The MoU aims to explore new business opportunities at KIZAD and KPFTZ.
