During a conference in New Delhi, RasGas CEO Hamad Mubarak Al Muhannadi stressed that using LNG as an alternative to coal would result in both immediate and long-term benefits for public health and the environment.
The Oman Ministry of Oil & Gas has put four blocks up for grabs in the 2016 licensing round. The Ministry said on Wednesday that the blocks offered as part of the Oman Bid Round 2016 are Block 30, Block 31, Block 49, and Block 52. Bid submission deadline for Block 30 has already closed […]
In line with OPEC’s recent agreement to cut output to stabilize oil prices, Qatar’s oil production levels will be reduced effective January 1, 2017, Qatar’s state-owned oil company, Qatar Petroleum, said on Tuesday. Qatar Petroleum President and CEO, Saad Sherida Al-Kaabi, said: “This decision comes
Bahrain LNG said it has completed limited recourse financing for the LNG receiving and regasification terminal project.
Following the recent agreement by OPEC members to cut production to stabilize oil prices, the cartel on Saturday held a meeting with a number of non-OPEC nations which have committed to cut their output as well. Oil price on Monday rose to highest level since mid-2015. Ministers from OPEC met with s
Russian oil firm Rosneft has officially signed a deal to sell a 19.5% stake to Qatar Investment Authority, one of the world largest sovereign funds and Glencore, a commodities producer and trader. The sale, of which Offshore Energy Today wrote last week, will see the consortium pay 10.2 billion euro
Qatar, the world’s largest liquefied natural gas (LNG) exporter, will merge its two production companies, Qatargas and RasGas. State-owned Qatargas and RasGas, Qatar’s number one and two LNG producers respectively, will now operate under a single entity, named Qatargas, Saad Sherida Al-Kaabi, CEO of
The Leviathan partners on Monday said that the natural gas from the Leviathan field will be produced by the end of 2019.
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The persistent oil price volatility is not a cyclical change, but rather a structural one. This is according to a survey conducted by Sea Asia 2017, where more than two-thirds of respondents said it wasn’t a cycle. The results of the survey come at a time when the maritime industry faces its toughes
At least 35 people have been rescued, while dozens more are missing after a ferry sank some 380 kilometres off the coast of Yemen, Reuters cited a Yemeni minister. At the time of the incident, the vessel was carrying more than 60 passengers, including women and children. The ferry was on its way fro
Prices for liquefied natural gas (LNG) have increased to their highest since mid-2015 in Asia, boosted by plans by OPEC and Russia to cut crude oil production. Spot prices for Asian LNG increased 50 cents from last week to around US$8.1 per million British thermal units (mmBtu), Reuters reported on
DUBAI (Reuters) – Royal Dutch Shell <RDSa.L> will sign initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian official said, the first deal by the world’s second biggest listed oil firm in Iran since sanctions were lifted. Analysts said the deals showed major oil companies
DUBAI (Reuters) – Royal Dutch Shell will sign initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian official said, the first deal by the world’s second biggest listed oil firm in Iran since sanctions were lifted. Analysts said the deals showed major oil companies were pre
