Crescent Petroleum CEO Majid Jafar said that development of gas resources in the region has been hampered, and would boost growth of MENA economies
natural gas
Posted inDRILLING & PRODUCTION
Zohr gas production reaches 2.7 bcfd as Eni starts up new pipeline
The start-up of the 2nd 30” pipeline has enabled the production to reach 2.7 bcfd and paves the way for a potential increase to plateau rate of 3.2 bcfd by the year end
Posted inDRILLING & PRODUCTION
Middle East gas production to surpass Russia in 2019: Rystad Energy
Production in the region is expected to hit 920bn cubic metres by 2030
Posted inDRILLING & PRODUCTION
Dana Gas reports 483% increase in H1 2019 net profit to $140mn
The company has seen growing production and revenue out of the Kurdistan Region of Iraq, and independent certification raised its share of hydrocarbon reserves in KRI by 10% to over 1bn barrels of oil equivalent
Posted inProducts & Services
National Iranian Gas Company to start up 40 major projects by March 2020
The projects include 830km of pipelines and 25 gas compressors
Posted inProducts & Services
IEA launches online tool to track methane emissions worldwide
IEA analysis has found that global methane emissions related to the oil and gas industry could be halved at no net cost
Posted inDRILLING & PRODUCTION
Libya NOC to power Obari plant with gas instead of oil
The switch is supposed to increase efficiency while reducing emissions, and would save 15,000 barrels per day of oil which could be sold internationally
Posted inProducts & Services
Europe sees lowest natural gas prices in a decade
European natural gas prices are at a historical low and below the cost of shipping gas from the US to Europe
Posted inDRILLING & PRODUCTION
Dana Gas receives $48mn from Egypt operations in June
The Egyptian government has set a target of paying all overdue receivables by the end of 2019
Posted inProducts & Services
BP invests $30mn in technology to produce animal feeds from natural gas
Latest venturing investment will see natural gas transformed into protein for fish and animal feeds, which could help meet growing global demand for protein feed more sustainably