Tag Archive

FORECAST: GAS PRODUCTION IN THE MIDDLE EAST

FORECAST: GAS PRODUCTION IN THE MIDDLE EAST

August 31, 2018 No Comments

The Middle Eastern gas production is expected to grow from 506 Bcm in 2011 to 712 Bcm in 2021. This regional growth will predominantly be driven by Iran. Despite Trump’s withdrawal from the Joint Comprehensive Plan of Action (JCPOA), we see the country adding 109 Bcm to its annual production between 2011 and 2021. Since […]

Development of Yamal’s Kharasaveyskoye field to start in 2019

Development of Yamal’s Kharasaveyskoye field to start in 2019

July 17, 2018 No Comments

Alexey Miller, Chairman of the Gazprom Management Committee, held in Bovanenkovo (Yamal-Nenets Autonomous Area) a meeting on the pre-development project for the Kharasaveyskoye gas and condensate field and the gas transmission system. It was noted that the Yamal Peninsula was of strategic importance to the Russian gas industry and the long-term reliability of gas supplies […]

Total signs MoU with Oman to develop gas resources

Total signs MoU with Oman to develop gas resources

May 14, 2018 No Comments

Total has signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in Oman. This MoU covers both upstream and downstream businesses. Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and […]

LUKOIL ANNOUNCES FINANCIAL RESULTS UNDER IFRS FOR 2017

LUKOIL ANNOUNCES FINANCIAL RESULTS UNDER IFRS FOR 2017

March 22, 2018 No Comments

PJSC LUKOIL released its audited consolidated financial statements for the full year of 2017 prepared in accordance with the International Financial Reporting Standards (IFRS). Sales for 2017 increased by 13.6% year-on-year to RUB 5,936.7 bln. In the fourth quarter of 2017 our sales were RUB 1,662.5 bln, up 12.1% q-o-q. The positive sales dynamics was […]

Oil Pipeline Vandalism Drops by 12 Per Cent in Nigeria

Oil Pipeline Vandalism Drops by 12 Per Cent in Nigeria

June 21, 2017 No Comments

The extensive engagement with oil and gas community stakeholders embarked upon by the Federal Government and the Nigerian National Petroleum Corporation, NNPC has continued to yield positive results with the attainment of 12.77 per cent reduction in downstream pipeline vandalism. According to the April 2017 NNPC Financial and Operations report released in Abuja on Monday, […]

Oando PLC Q1 2017 Results

Oando PLC Q1 2017 Results

May 29, 2017 No Comments

Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, announced unaudited results for the three months period ended 31 March, 2017, with the following highlights: Financial Highlights: Turnover increased by 116%, N138.4 billion compared to N63.9 billion (Q1 2016) Gross Profit increased by 53%, 13.4 billion compared to […]

Ntorya Appraisal Area Update

Ntorya Appraisal Area Update

April 24, 2017 No Comments

Aminex says drilling of a second well in the Ntorya appraisal area, Tanzania, has resulted in a “material increase” in the estimated amount of gas initially in place. After two gas wells were drilled, the company calculated there was a prospective mean GIIP of 466bn cubic feet, three times the previous estimate of 153 BCF […]

Total makes $207 million investment in Tellurian to develop integrated gas project

Total makes $207 million investment in Tellurian to develop integrated gas project

December 20, 2016 No Comments

Tellurian Investments Inc. (“Tellurian”) and Total announced that Total is acquiring approximately 23% of Tellurian at $5.85 per share for an amount of 207 million dollars to develop an integrated gas project, from the acquisition of competitive gas production in the US to the delivery of LNG to international markets from the Driftwood LNG terminal. […]

RasGas signs new LNG Sales and Purchase Agreement with EDF

RasGas signs new LNG Sales and Purchase Agreement with EDF

July 1, 2016 No Comments

RasGas Company Limited (RasGas) announced that Ras Laffan Liquefied Natural Gas Company Limited (3) (RL 3) has entered into a new Liquefied Natural Gas Sales and Purchase Agreement (SPA) with French energy company, EDF SA (EDF). The agreement was signed by Mr. Hamad Mubarak Al Muhannadi, RasGas Chief Executive Officer (CEO), and Mr Marc Benayoun, […]

Tullow Announce Trading Statement & Operational Update

Tullow Announce Trading Statement & Operational Update

June 30, 2016 No Comments

Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial half year to 30 June 2016. This is in advance of the Group’s Half Year Results, which are scheduled for release on Wednesday 27 July 2016. The information contained herein has not been […]

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