Tag Archive

Dana Gas Earns US$74 million (AED 271m) from condensate sales in the KRI in the first 8 months 2018

Dana Gas Earns US$74 million (AED 271m) from condensate sales in the KRI in the first 8 months 2018

September 11, 2018 No Comments

Dana Gas PJSC (the “Company”), the Middle East’s largest private sector regional natural gas company, announces that during September 2018, Pearl Petroleum Company Limited (“Pearl Petroleum”) has received US$ 21.6 million (AED 79.2m) from the Kurdistan Regional Government (the “KRG”) in respect of condensate sales. Dana Gas is a 35% shareholder in Pearl Petroleum and […]

Zohr field reaches 2 bcfd production target

Zohr field reaches 2 bcfd production target

September 10, 2018 No Comments

Eni announces that Zohr field is now producing 2 bcfd, equivalent to approximately 365,000 boed. This outstanding result has been achieved only a few months after the first gas in December 2017 and one year before the schedule of the Plan of Development (PoD). This level of production was achieved thanks to the start-up of […]

Pipeline installation of Nord Stream 2 gas begins in Finland

Pipeline installation of Nord Stream 2 gas begins in Finland

September 6, 2018 No Comments

The offshore pipelay vessel Solitaire started today at 13:25 CET the pipelay for the Nord Stream 2 natural gas pipeline in the Gulf of Finland. Before the start of pipelay, the vessel was equipped and tested to meet the project’s strict requirements. Nord Stream 2’s construction plan takes into consideration different construction conditions, in particular […]

Henry Hub Natural Gas Futures Open Interest Reaches Record 1.62 Million Contracts

Henry Hub Natural Gas Futures Open Interest Reaches Record 1.62 Million Contracts

September 5, 2018 No Comments

CME Group announced Henry Hub Natural Gas futures open interest reached a record 1,617,589 contracts on Friday, August 31, surpassing the previous record of 1,606,874 contracts set on August 17, 2018. Open interest represents the total number of outstanding positions held by all participants in a given market. Nine of the top 10 Henry Hub […]

Canadian Natural Announces Acquisition of 100% Working Interest in  Oil Sands Project

Canadian Natural Announces Acquisition of 100% Working Interest in Oil Sands Project

August 31, 2018 No Comments

Canadian Natural Resources Limited announced that it has entered into an agreement to acquire a 100% working interest in the Joslyn oil sands project for a total consideration of $100 million cash on closing and annual cash payments of $25 million over each of the next five years. The Joslyn lease, which is located directly […]

ENERGY NEWSTRACK TO 31/08/18:

ENERGY NEWSTRACK TO 31/08/18:

August 31, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.72 a barrel on Thursday, 30 August 2018, compared with $74.48 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

NNPC to Establish 200,000bpd Condensate Refineries

NNPC to Establish 200,000bpd Condensate Refineries

August 29, 2018 No Comments

The Nigerian National Petroleum Corporation will establish two condensate refineries with a total refining capacity of 200,000 barrels per day at Western Forcados Area and Assah North Ohaji South (ANOH) Areas of Delta and Imo State respectively. Natural-gas condensate is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw […]

Northern New Energy Announces Interim Results

Northern New Energy Announces Interim Results

August 13, 2018 No Comments

Northern New Energy Holdings Limited (“Northern New Energy” / the “Company”; stock code: 8246) announced the interim results for the six months ended 30 June 2018 (“the Current Period”). The Group adopted the dual-track development business strategy for its two business segments – the New energy business and the Catering business. It continued to gradually […]

DEA joints UN Global Compact

DEA joints UN Global Compact

August 10, 2018 No Comments

DEA Deutsche Erdoel AG has joined the UN Global Compact – the world’s biggest and most important initiative for responsible corporate governance. The signers rely for guidance on ten universal principles in respect to human rights, labour standards, environment and anti-corruption. By officially joining this alliance, DEA underscores its commitment and participation in making globalisation […]

ENERGY NEWS HIGHLIGHTS WEEK of  08/08/18

ENERGY NEWS HIGHLIGHTS WEEK of 08/08/18

August 8, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $72.27 a barrel on Monday, 6 August 2018, compared with $72.07 the previous Friday, according to OPEC Secretariat calculations. The price of OPEC basket of fifteen crudes stood at $72.58 a barrel on Tuesday, 7 August 2018, according to OPEC Secretariat calculations. ———————————————————————————————————– China’s Oil […]

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