Gas Production Set to Triple in Iraq
Gas developments in Iraq will overtake oil projects in 2019, measured in resources sanctioned for development, according to analysis from Rystad Energy."For the world’s fourth largest crude producer, natural gas is about to take pole position," said a statement from…
Spirit Energy Gets Nod for Oda Development
North Sea explorer Spirit Energy has been given the green light from Norwegian Petroleum Directorate (NPD) to start up its first operated development in Norway.Oda is a subsea development where the wellstream is sent on to the Ula platform for processing and transport.Spirit Energy expects to start-up in February/March 2019.
First Steel Cut for Karish and Tanin FPSO
Energean Oil and Gas announced that first steel was cut on the Karish and Tanin floating production storage and offloading (FPSO) vessel at the COSCO yard in Zhoushan, China, on Monday. The FPSO is scheduled to be delivered to the Karish field offshore Israel in late 2020…
TechnipFMC Awarded Pluto Contract
TechnipFMC said it has been awarded a contract by Woodside to upgrade the Pluto Platform Offshore for water treatment, located offshore Western Australia.The contract includes the engineering, procurement, construction, installation and commissioning (EPCIC) of the Pluto Water Handling Module.
Lundin Cuts Output From Edvard Grieg Field
Production at the Edvard Grieg field off Norway had to be temporarily reduced following the Forties pipeline shutdown, the field's operator, Lundin Petroleum, said on Tuesday. "Following the Forties pipeline shutdown, Lundin Petroleum has had to temporarily reduce…
Total Postpones Investment Decision on Absheron Gas Field
French oil company Total has postponed an investment decision on development of the Absheron gas and condensate field in the Azeri sector of the Caspian Sea until spring 2018 from December, the company official said on Wednesday. Total and Azeri state energy company…
Total Wins Iran Gas Field Deal
French oil major Total said on Monday it had signed a contract with Iran to develop the giant South Pars gas field, marking the first major Western energy investment since sanctions against Tehran were lifted. Total and the National Iranian Oil Company (NIOC) signed a deal to develop phase of 11 of South Pars…
Iran Berates Total for Gas Field Delays
Iran's oil minister has criticised French oil company Total for its decision to delay signing a contract to develop a gas field in southern Iran, saying that the reasons given by Total's chief executive were "unacceptable" to Tehran. Total was the first Western energy…
Statoil Says Sees European Gas Prices Bottoming Out
Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply, company officials said on Wednesday. The majority state-owned Statoil…
BP Increases West Nile Delta Project Stakes
BP Egypt has announced today the completion of its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The acquisition will bring BP’s working…
DEA to Go-ahead with West Nile Delta project
The final agreements to develop the West Nile Delta which will make available 5 trillion cubic feet of gas resources has been signed by DEA Deutsche Erdoel AG. DEA contributes significantly to Egypt’s security of energy supply and this deal is considered being of prime…
BP To Develop West Nile Delta Gas Fields
BP today signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million barrels (mmbbls) of condensates with an estimated investment of around $12 billion by BP and its partner. The project underlines…
Dutch GasTerra Won't Renew Supply Deals
GasTerra will need to purchase on open market; company won't renew supply contracts. Dutch gas trader GasTerra said on Wednesday it will have to buy gas on the open market to meet its contractual obligations after the Netherlands government ordered a production cut at the massive Groningen field.
Rosneft Takes on Yamal Production
Rosneft started experimental production of tight gas reserves of the Turonian field at the Kharampurskoye field, situated at the territory of the Yamalo-Nenets Autonomous District. First produced gas is already delivered to the gas booster station of the Kharampurskoye field.
Zargon Oil & Gas Provides Capital Budget Update
Zargon Oil & Gas Ltd. announces its 2015 capital budget and provides a Little Bow Alkaline Surfactant Polymer tertiary flood project update. Zargon's 2015 budget has been set at $46 million and includes $13 million of Little Bow ASP chemical costs, $2 million of phase 1 optimization costs…
Gazprom & KAMAZ Focus on Russian NGV Market
In the meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Sergey Kogogin, Director General of KAMAZ held today within the 4th St. Petersburg International Gas Forum, it was agreed thatr both parties would joint in developing the Russian NGV market.
Romania parliament postpones gas price deregulation to 2021
The Romanian parliament's lower house on Wednesday postponed planned deregulation of household gas prices by two and a half years to July 2021 aiming to support consumers in the European Union's second-poorest state. Romania is deregulating its power and gas markets…
India Orders Gas Price Rises be Backdated to April 1
India's oil minister has ordered that increases in gas prices, put on hold by the election authorities, be backdated to April 1, in a directive that has drawn criticism from a rival politician. A price increase was to come into effect just days before India started…
UK Well Placed to Deal with Potential Russian Gas Export Cut
Britain is well placed to deal with the possibility of a Russian cutoff of gas to Europe during the Ukraine crisis, because it receives most of its imports from Norway and has significant domestic reserves. As relations worsen between Kiev and Moscow, European gas customers fear that Russia could cut off exports to Ukraine…
