UAE natural gas operator swings back into the black after $88mn loss in 2016.
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Mubadala buys 10% stake in Eni’s Egyptian Shorouk gas concession
Subsidiary of Mubadala Investment Company acquires stake in vast offshore gas field in Mediterranean Sea.
Oman Gas Company seeks $1bn loan
State-owned gas transporter seeks funds for capital expenditure and acquisitions.
Dana Gas sukuk offer rejected
Attempts to restructure $700mn by Sharjah based natural gas firm draw a blank.
Crescent to ramp up Iraq gas output
Middle East’s largest private oil and gas firm outlines expansion plans.
New gas find off Cyprus coast
New gas field find provides huge boost to Cyprus’ natural gas reserves.
Oman LNG and BP Singapore sign gas deal
Oman LNG pens long term gas supply deal with BP Singapore to boost the sultanate’s energy sector.
Asia, Middle East to drive gas demand growth, says Crescent Petroleum CEO
Natural gas is still showing strong signs of becoming the world’s second most important source of energy over the next decade, according to Majid Jafar, CEO, Crescent Petroleum, the Middle East’s oldest private oil and gas company.
ADNOC awards FEED contracts for major sour gas project
After awarding several key contracts, ADNOC makes progress on a mega offshore sour gas project which could ultimately meet 20 per cent of the UAE’s gas demand.
Algeria’s Sonatrach in Iraqi gas joint venture
Tie-up between Algeria’s government owned hydrocarbon outfit and Iraqi firms will see less wastage of the natural gas generated during crude oil production.