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Saudi Aramco Receives Approval for Al-Jafoura Giant Gas Field Development

Saudi Oil Company Aramco announced Saturday that it has received approval to develop the giant Al-Jafoura field, in the eastern region of Saudi Arabia, which is the largest non-associated and non-conventional gas field discovered, so far.   Chairman of the Company’s Board of Directors Yasser bin Othman Al-Ramyan said the development of the field will […]

February 23rd, 2020 | Posted in Energy,Gulf News,Headlines | Read More »

Bahrain, ENI strengthen collaboration in energy sector

Italian energy giant ENI and Bahrain have signed a Memorandum of Understanding (MoU) to strengthen collaboration in the energy sector, Petrol Plaza reports. The agreement will enable both parties to carry out and launch joint initiatives in areas of mutual interest, including renewable energy, and LNG supply and exploration. Bahraini Oil minister Shaikh Mohammed said […]

February 9th, 2020 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Saudi- Dumat Al-Jandal Wind Farm Project Wins PFI Award

Dumat Al-Jandal Wind Farm Project has won the Project Finance International (PFI) Renewable Deal of the Year in Middle East and Africa Award for 2019. This comes after the project achieved a new record represented in recording the lowest flat rate of electricity generation of $0.0199 per Kilowatt hour. The project is the first project […]

February 9th, 2020 | Posted in Energy,Gulf News,Headlines | Read More »

India-Qatar: No cut down in gas price under long-term deal

Qatar, India’s largest liquefied natural gas (LNG) supplier, Monday said it will not reduce the price of gas under current and long-term deal as requested by New Delhi, reports say. Energy Minister Saad Sherida al-Kaabi who also doubles as head of Qatar Petroleum in a visit in the Indian capital, Delhi, said the tiny gas-rich […]

January 28th, 2020 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Sound Energy & Morocco’s State Power Company Agree on Gas Sales

Sound Energy company has sealed an agreement with Morocco’s Office National de l’Electricité et de l’Eau Potable (“ONEE”) for the sale of the Company’s natural gas production in the Tendrara concession in Eastern region of the North African country. The deal covers the first 0.5 bcm per annum (approximately 48.4 MMscf/d) of production of natural […]

October 31st, 2019 | Posted in Energy,Headlines,World News | Read More »

Saudi SAGIA awards six investment licenses in energy; KSA eyes nuclear energy

Saudi Arabia’s General Investment Authority (SAGIA) has announced at the World Energy Congress it awarded six investment licenses worth $240 million in the energy sector. The licenses cover businesses in solar energy development, manufacturing and energy efficiency. The licenses were awarded to Sweden’s Roxtec, France’s Engie, Egypt’s Orbits, Cyprus’s EGG, and US-based energy efficiency services […]

September 11th, 2019 | Posted in Energy,Gulf News,Headlines | Read More »

Saudi Aramco to acquire 20 per cent of India’s Reliance Industries Ltd refining unit

Reliance Industries Limited Monday said Saudi Arabia’s global oil giant Aramco is in line to acquire 20 per cent of oil to chemicals business. The investment, according to Reliance Industries Limited chairman, Mukesh Ambani, is the biggest by a foreign entity into the company and even in India’s history The operation value is estimated at […]

August 13th, 2019 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Qatar Petroleum acquire shares in Total Guyana offshore blocks

Qatar Petroleum Monday announced it acquired a new exploration and production deal with Total Guyana, in Latin American. The deal involved two blocks, Orinduik and Kanuku. Under the agreement subject to customary regulatory approvals by the government of Guyana, the Qatari state-run giant will control 40 per cent of Total’s existing 25% participating interest in […]

July 31st, 2019 | Posted in Energy,Gulf News,Headlines | Read More »

Eni announces new production onshore Egypt

Eni has announced that production from South West Meleiha Development Lease, located in the Egyptian Western Desert, some 130 Km North of the oasis of Siwa, has started. The current production, delivered through two oil producer wells, is around 5.000 barrel of oil per day (BOPD) and is expected to reach 7.000 BOPD within September […]

July 23rd, 2019 | Posted in Energy,Headlines,World News | Read More »

Oman: Norwegian DNO ASA hand over Block 8 operation

DNO Oman Block 8 Limited, the subsidiary of the Norwegian firm DNO ASA has handed over its stakes in the operation and participation of Block 8 to the Sultanate of Oman’s Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production LLC (OOCEP) as expiration of commercial term of the exploration […]

January 4th, 2019 | Posted in Energy,Headlines | Read More »