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Tag Archives: natural gas

Gulf-India investment ties expanding

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 …

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Gas compromise offered in Cyprus-Turkey dispute

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 …

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ADNOC partners with OCI N.V

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 …

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European members states protesting Turkish gas incursions

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 …

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Turkey tries to muscle into Cyprus gas fields

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 …

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EU investigates Qatar’s long-term LNG contracts

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 …

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Mubadala completes Egypt gasfield acquisition

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 …

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Egypt to increase gas production at Zohr

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 …

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Shell signs bunkering deal with Qatar

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) …

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