Tag Archives: natural gas

Khalifa Haftar’s Libyan National Army (LNA) said on Saturday it would maintain a blockade on oil production and exports that the National Oil Corp (NOC) says has cost the country $6.5 billion in lost revenue. Friday’s loading of a first tanker since January with oil from storage had led NOC …

A major Egyptian army exercise near the border with Libya is being viewed by military and strategic experts as a message of deterrence to Turkish President Recep Tayyip Erdogan over his backing for the Government of National Accord led by Prime Minister Fayez Al-Sarraj and supported by militia groups. The …

A senior Turkish military official said on Wednesday it was “completely untrue” that the Turkish navy had harassed a French warship, denying an assertion by a French official. Earlier on Wednesday, the French defence ministry official accused the Turkish navy of harassing a French warship on a NATO mission. He …

Turkey and Libya’s internationally recognised government are discussing possible Turkish use of two military bases in the North African country, a Turkish source said on Monday, teeing up a lasting Turkish presence in the south Mediterranean. No final decisions have been made over possible Turkish military use of the Misrata …

Turkish President Tayyip Erdogan said he discussed the conflict in Libya with U.S. President Donald Trump in a phone call on Monday and that the two leaders agreed on “some issues” related to developments there. Turkey supports the internationally recognised government of Fayez al Serraj, whose forces have in recent …

The United States is looking to use one of its Security Force Assistance Brigades in Tunisia, its military said on Friday, amid concern over Russian activity in Libya. Libya’s civil war has drawn in regional and global powers, prompting what the United Nations has called a huge influx of weapons …

Lebanon’s search for offshore oil and gas will begin on Thursday, President Michel Aoun said, as the country grapples with an unprecedented financial crisis. The results from the first exploratory well are expected in the next two months, the chairman of the Lebanese Petroleum Administration (LPA) said earlier on Wednesday. …

Egypt is considering exporting gas to Lebanon using an offshore pipeline, Egyptian Petrol Minister Tarek al-Molla told Al-Arabiya in an interview published Monday. “Unfortunately, the pipeline for importing Egyptian gas to Lebanon passes through Syria. The current circumstances in Syria mean we cannot deliver gas,” Molla said on the sidelines …

Turkey’s bill allowing troop deployment in Libya marks a dangerous escalation in the North African country’s civil war and severely threatens stability in the region, a joint statement by Greece, Israel and Cyprus said late on Thursday. “This decision constitutes a gross violation of the UNSC resolution…imposing an arms embargo …

Israeli Prime Minister Benjamin Netanyahu is to cut short his trip to Greece following the assassination of Major-General Qassem Soleimani, head of Iran’s Quds Force, said an official in Netanyahu’s office. Israel Army Radio reported that the country’s military had gone on heightened alert, fearing retaliation by Iran or its …

The Indian government is preparing to reform domestic fuel marketing in India, opening up this lucrative sector to foreign oil companies, especially those in the Gulf. To set this process in motion, the Ministry of Petroleum and Natural Gas has prepared a cabinet note which will end rules that essentially …

Saudi Arabia has looked into buying Israeli natural gas, according to a former member of Prime Minister Benjamin Netanyahu’s cabinet, the latest sign of warming ties between two formally hostile nations. The countries have discussed building a pipeline that would connect Saudi Arabia to Eilat, Ayoob Kara, citing conversations with …

Turkish Cypriots have proposed to the internationally recognized Greek Cypriot government that they cooperate in the search for gas off the divided island, Turkey said on Saturday, after an escalation of tension in the eastern Mediterranean. Turkey and the Cyprus government have overlapping claims in the waters off Cyprus, linked …

The Abu Dhabi National Oil Company (ADNOC) today announced a new strategic partnership with OCI N.V, which is a global producer and distributor of natural gas-based fertilisers and industrial chemicals, headquartered in the Netherlands. The partnership will see ADNOC combine its fertiliser business, ADNOC Fertilisers, into OCI’s Middle East and …

Heads of European Union Mediterranean states offered full support on Friday for fellow EU member Cyprus in a dispute with Turkey over the ownership of offshore natural gas deposits. Greek Prime Minister Alexis Tsipras, Portugal’s Prime Minister Antonio Costa, French President Emmanuel Macron, Malta’s Prime Minister Joseph Muscat, Spain’s Prime …

Turkey said on Friday that Turkish Cypriots had rights to a share of the island’s offshore resources, days after the Greek Cypriot government agreed a revenue deal with a U.S. firm over a gas find in the eastern Mediterranean. Turkey and the internationally recognized Cypriot government have overlapping claims of …

A joint venture between Spain’s Naturgy and Italy’s Eni has been awarded a $2bn settlement from Egypt over gas supplies by a World Bank arbitration body, in a move that could accelerate the resumption of the country’s liquefied natural gas exports. The ruling by the International Centre for Settlement of …

The Nord Stream II gas pipeline from Russia to Germany and into the European network seems to be on course despite US pressure and challenges from Ukraine and other European countries. While all this is going on, construction of another pipeline is underway to supply Turkey and Europe with gas. …

The European Commission is investigating the bloc’s biggest seaborne gas supplier Qatar Petroleum over potentially restrictive 20-year supply agreements inhibiting development of a single gas market, its latest challenge to a major gas supplier. The bloc, having just wrapped up a seven-year market abuse probe into Russian giant Gazprom, said …

Mubadala Petroleum announced on Wednesday that it completed the acquisition from Italy’s Eni of a 10 per cent stake in the offshore Shorouk concession in Egypt as the subsidiary of Mubadala Investment Company aims to increase production to boost growth. Shorouk concession contains the Zohr gasfield, which is the largest …

Egypt aims to increase production at its huge Zohr offshore gas field in the Mediterranean to 1.75 billion cubic feet per day in August, Petroleum Minister Tarek Al Molla said on Thursday. Al Molla said in a statement that recent production increases have pushed Egypt’s total natural gas production to …

It seemed like one big noisy party on Monday when the partners in the Israeli gas fields Tamar and Leviathan announced an agreement to export gas to Egypt. Their shares skyrocketed on the Tel Aviv Stock Exchange and the deal was lauded by none other than the prime minister. But …

Russia and Saudi Arabia are seeking ways to amplify the success they’ve had working together to manage the oil market by reaching new energy deals, including one on liquefied natural gas. Signing a memorandum, Russian gas producer Novatek PJSC and Saudi oil giant Aramco agreed to consider teaming up on …

Opec member Kuwait plans to spend more than half a trillion dollars by 2040 to boost its oil and gas output and refining capacity, a top executive said on Wednesday. The announcement of the huge investments comes despite Kuwait projecting a budget deficit in the next fiscal year for the …

The World Future Energy Summit (WFES) will kick off in Abu Dhabi on Monday as the UAE government focuses on increasing the role of renewable energy in the energy mix, while helping to mitigate climate change. Taking place at the Abu Dhabi National Exhibition Centre, more than 30,000 visitors including …

Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan to become a regional energy hub. The new 2.5km wharf is being built by SUMED, which for decades has operated two …

U.S. President Donald Trump is eyeing Afghanistan’s mineral wealth to help pay for a 16-year war and reconstruction efforts that have already cost $117 billion. Investors who have studied the country, one of the world’s most dangerous, say that is a pipe dream. Ever since a United States Geological Survey …

In a major blow to the future of nuclear power in the United States, two South Carolina utilities said on Monday that they would abandon two unfinished nuclear reactors in the state, putting an end to a project that was once expected to showcase advanced nuclear technology but has since …

Qatar’s plan to boost liquefied natural gas (LNG) output by 30 percent is the opening shot in a price war for customers in Asia pitting the Gulf state against competitors from the United States, Russia and Australia. Qatar, facing regional isolation in a diplomatic dispute with its Gulf neighbors, took …

President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In recent years, Moscow has cut off gas shipments during pricing disputes with …

France wasted no time in rebuilding its economic ties with Iran since international sanctions were lifted as part of Tehran’s nuclear deal with world powers. In early 2016 — just after the sanctions began to roll back — France made deals with Iran to sell Airbus commercial jets, return carmaker Peugeot …

Royal Dutch Shell has signed a framework agreement with Qatar Petroleum on LNG bunkering, according to a statement on June 14. The super-major’s deal comes despite the recent political turmoil around Qatar’s relationship with Saudi Arabia and the United Arab Emirates. The agreement follows two earlier memoranda of understanding (MoUs) …