Tag Archives: Gas

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced today the signing of an agreement with AlMansoori Petroleum Services (AMPS). The announcement was made at the opening of this year’s International Petroleum Technology Conference (IPTC), taking place for the first time in the Kingdom of Saudi Arabia. The agreement establishes …

A second Turkish drillship, which is expected to begin drilling for oil and natural gas near Cyprus this week, arrived off the Mediterranean island’s northeastern coast on Monday, Refinitiv Eikon shipping data showed. Last month, European Union leaders warned Turkey to end its gas drilling in disputed waters around the …

Iraq and Oman signed a memorandum of understanding to cooperate in the oil and gas sector, including the possibility of building a shared refinery in Oman for processing imported Iraqi crude, the Iraqi oil minister said in a statement on Thursday. Iraq will aim to export crude to Oman, according …

Dana Gas PJSC has reached an agreement with key holders of $700 million (Dh2.6 billion) of its Islamic bonds to restructure the securities, two people with knowledge of the matter said, possibly ending a legal battle that has unnerved the Islamic finance industry. A committee representing sukukholders, which include BlackRock …

Cybersecurity breaches in the Middle East are widespread and frequently undetected, with 30 per cent of the region’s attacks on the oil and gas sector targeting operational technology (OT), according to a new study by Siemens and the Ponemon Institute. IT systems refer to storage systems, computing technology, business applications …

His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, Thursday received Gurbanguly Berdimuhamedow, President of Turkmenistan. During the meeting held at the Presidential Palace, Shaikh Mohammad and Berdimuhamedow held talks on ways to bolster bilateral relations, global developments …

by Munshi Zubaer Haque India and Iran share ancient civilizational ties that have existed for more than a millennium, the relationship stretches from the times of the Achaemenid Empire till the present and has gradually developed into a defining strategic partnership for Indian foreign policy. Diplomatic relations between India and …

Danish conglomerate AP Moller-Maersk said on Friday it will invest 21 billion kroner ($3.4 billion, Dh12 billion) together with British-Dutch oil producer Shell, among others, to redevelop and extend the production life cycle of Denmark’s largest gasfield in the North Sea. Maersk, whose oil company is being taken over by …

Syria’s government has produced much more power in recent months as the army recaptured natural gas fields from militants, the electricity ministry said on Tuesday. Bassam Darwish, head of the electricity ministry’s planning unit, told Reuters that the amount of gas the petroleum ministry provided to fuel power plants has …

Qatargas has agreed to sell 5.5 million mt of LNG to Shell, amid uncertain demand from its Asian long-term buyers and building diplomatic tensions with its trading partners in the Middle East. Under the sales and purchase agreement, the state-owned producer will supply Shell with 1.1 million mt/year of LNG …

The Daily Star – Israel has been dipping into Lebanon’s offshore oil and gas reserves for years, Hezbollah MP Nawwaf Musawi warned Sunday, days after Parliament Speaker Nabih Berri made a similar statement. “The Israeli enemy had started drilling for oil more than seven years ago,” the MP said in …

The Daily Star – Speaker Nabih Berri vowed Wednesday to take matters into his own hands to stop Israel from stealing Lebanon’s oil and gas. In his weekly meeting with MPs from various blocs, Berri was quoted as saying that Lebanon has been passive while Israel siphons off its oil …