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GCC states, particularly the UAE, Qatar and Saudi Arabia, plan to award contracts worth nearly Dh250 billion ($68 billion) during the next five years to raise gas production, Gulf News said citing latest report by Deloitte.
“Although oil is still projected to remain the primary fuel, significant...
Australia faces a hiatus in new liquefied natural gas (LNG) projects as the focus of LNG buyers has turned to the United States (US), Wood Mackenzie's Head of Australia Upstream Consulting, Andrew McManus said at APPEA 2013.
The US offers customers potentially lower-cost, more flexible LNG and the opportunity...
Salamander Energy has announced that the Bedug-1 exploration well in the Bontang PSC, East Kalimantan, Indonesia has been concluded as a gas discovery.
Completion of the Bedug-1 well concludes the current phase of Salamander’s multi-well programme in the North Kutei basin.
Statoil has acquired a 12% working interest in the Block 6 licence offshore Tanzania from operator Petrobras Tanzania.
Block 6 covers 5,549 sq kms in the Mafia basin offshore Tanzania, with a water depth of 1,800 metres. The block is located about170 kms north of the Statoil-operated Block 2, where...
Iran-Armenia pipeline has the capacity to completely cover Armenia’s gas demand, said Armen Movsisyan, Energy and Natural Resources Minister.
The pipeline has a capacity of 2.2 billion cubic meters a year, while Armenian domestic demand is just 1.7 billion cubic meters, Tehran Times quoted Movsisyan...
AWE Limited has completed the drilling and testing program at the Lengo-2 gas appraisal well, offshore East Java, Indonesia and will now assess these results with a view to a future commercial development.
Two separate Drill Stem Tests (DST) were completed. The first DST tested the upper part...
Petrel Energy has completed the sale of its conventional and coal seam gas (CSG) interests in licences PEL’s 6, 427 and 428 located in the Surat-Bowen Basin of northern New South Wales to Comet Ridge.
Ministerial approval and registration of the licence interest transfers was granted on 10 May...
Despite violent protest over the China-funded $1.2 billion gas pipeline from the south of the country to Dar es Salaam, Tanzania will continue work on the project, Reuters has reported.
The pipeline is expected to be complete in December 2014. Tanzanian lawmakers approved the budget on Saturday, Reuters...
Origin Energy and Arrow Energy are in talks about a potential expansion of Origin’s $24.7 billion Australia Pacific LNG venture.
Origin chief executive Grant King told Financial Review Sunday he could offer Arrow, “a great site with plenty of potential to expand.”
Shell, which...
Negotiations between India and Qatar to supply an additional three to four million tonnes (mt) of liquefied natural gas (LNG) a year, are still going on, the Minister of Energy and Industry H E Mohammed bin Saleh Al Sada said.
Al Sada, speaking to The Peninsula said that Qatar was also keen to meet...