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Issue 1021 - 09 September 2016

UAE: Abu Dhabi takes first LNG imports

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A 500 mcf/d floating storage and regasification unit (FSRU) chartered from US-based Excelerate Energy was delivered to Abu Dhabi National Oil Company (Adnoc) in August, in a move to ensure gas-to-power supply by state utility Abu Dhabi Water and Electricity Company (Adwec) during the peak summer season for electricity demand. The UAE’s second LNG import facility was moored off Ruwais, after it was filled at the Das Island plant operated by Adnoc’s Adgas subsidiary – which for years had sought not to divert LNG cargoes to meet domestic demand.

United Arab Emirates (UAE)
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Government and company officials used the early November Abu Dhabi International Petroleum Exhibition and Conference (Adipec) to emphasise that plans to raise crude output to 3.5m b/d by 2017 (from 2.8m b/d now) have moved forward with orders for several major onshore and offshore projects.

United Arab Emirates (UAE)
Issue 949 - 20 June 2013

Yemen: Pipeline explosion


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Yemen’s main oil export pipeline was blown up again on 13 June. Local officials told news agencies that the flow of crude had to be stopped after tribesmen attacked a section of the line in pipeline. The pipeline, which goes to the Red Sea, had just been repaired following a similar attack on 24 May.

Yemen
Issue 936 - 22 November 2012

Iraq holds the key

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Much rides on Iraq if the baseline assumptions of the International Energy Agency (IEA)’s new World Energy Outlook (WEO) 2012 are to be proven anything like realistic. The IEA’s central ‘New Policies Scenario’ takes as read that Iraq’s export industry will rebuild itself enough to make by far the biggest contribution to global oil supply growth.

Iraq
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Water and electricity minister Abdullah Al-Hussayen has said that construction

Egypt | Saudi Arabia
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The Kurdistan regional and Iraqi federal governments have reached a temporary agreement on the export of oil from the Kurdistan region. But a resolution could yet be blocked in Baghdad where oil policy is still going nowhere

Iraq
Issue 1026 - 17 November 2016

Iran/Oman: Deep-water pipeline talks

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Senior officials from National Iranian Gas Export Company and the Omani Ministry of Petroleum met representatives of Royal Dutch Shell, France’s Total and Korea Gas Corporation (Kogas) on 14 November to discuss Iran’s planned gas export pipeline to Oman, Iran’s Mehr News Agency reported. UAE opposition to the pipeline means it will have to go via a deep water route, which will require the oil majors’ expertise.

Iran | Oman
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Saudi Aramco has appointed Ibrahim Al-Buainain as chief executive of its trading unit, according to local media reports. He takes over from Yasser Mufti, who became executive director of new business development in June (GSN 1,016/10). Buainain was previously head of transaction development at the oil giant and president of Aramco Asia before that.

Saudi Arabia
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Having seen Israel, and then Cyprus, fast-track plans to develop offshore hydrocarbon reserves in the East Mediterranean, Lebanon is eager to develop its portion of the Levant Basin, which the US Geological Survey estimates could contain 122tcf of gas and 1.7bn bbls of oil. In November, Beirut finally appointed a six member Petroleum Administration Board (PAB), charged with overseeing the tendering process, and in February, energy minister Gebran Bassil launched the prequalification round for companies looking to take part in the first exploration tender.

Iran
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Post-election challenge to oil contracts unlikely, Second LNG train starts production,

Yemen | Iraq
Issue 874 - 09 April 2010

Gulfsands moves into North Africa

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Syria-focused Gulfsands Petroleum has agreed with Australia’s AuDAX Resources to farm into the Chorbane and Kerkouane exploration permits in Tunisia, and another in southern Italy.

Syria
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The International Energy Agency’s World Energy Outlook says the shale oil revolution may bring the US close to energy independence, a prospect some suggest could help put distance between Washington and the Gulf. But GSN examines the report, and finds it based on a number of questionable suppositions.

Saudi Arabia | Iraq
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It may finally be crunch time in Iraq for ExxonMobil, which in late 2011 led the charge north when it became the first major to sign a contract for exploration blocks in Iraqi Kurdistan. After months of back and forth, and meetings between chairman Rex Tillerson and (separately) Iraqi Prime Minister Nouri Al-Maliki and Kurdish Prime Minister Massoud Barzani on 21 and 22 January, Exxon has apparently been told to decide once and for all between its 60% stake in the $50bn West Qurna 1 project in the south and its production-sharing agreements in blocks still being explored in Iraqi Kurdistan (Al Qush, Arbat East, Baeshiqa, Betwata, Pirmam and Qara Hanjeer).

Iraq
Issue 932 - 27 September 2012

Egypt looks to import Qatari LNG

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Building on the spirit of enhanced co-operation, Egypt is considering importing liquified natural gas (LNG) from Qatar, according to the state-run Qatar News Agency (QNA).

Qatar
Issue 1026 - 17 November 2016

Bahrain: Eni signs exploration deals

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Italian major Eni has signed four agreements with Bahrain Petroleum Company (Bapco) and Tatweer Petroleum to study and assess the potential of a number of onshore and offshore exploration and production assets in the country. The deals were signed by Eni head Claudio Descalzi on a visit to Bahrain on 6 November.

Bahrain