The EU threatened Turkey after it sent a second drilling ship to the northeast coast of Cyprus to drill for natural gas
natural gas
Posted inDRILLING & PRODUCTION
Europe saved $8bn on gas bill in 2018 because of US and Russia: IEA
Fatih Birol, executive director of the International Energy Agency, called 2018 a “golden year” for natural gas
Posted inDRILLING & PRODUCTION
US energy department to invest up to $39mn in EOR and natural gas research and development
The nation has grown to become a leader in hydrocarbon production, in large part thanks to its unconventional resources
Posted inExploration
Egypt launches international bidding round for 10 Red Sea exploration blocks
The ministry said this falls within its strategy to “achieve optimum economic utilisation of all potentials and natural resources to contribute to the sustainable development of Egypt”
Posted inDRILLING & PRODUCTION
Oman gas production to surpass oil by 2023: Rystad Energy
Rystad Energy forecasts Oman’s oil output to slump as older fields continue to age, and investments go into developing gas fields
Posted inDRILLING & PRODUCTION
Dana Gas and Crescent Petroleum’s $700mn Khor Mor expansion plan to increase gas output by 63% in two years
A 20-year gas sales agreement was signed between Pearl Petroleum and KRG, which will provide an additional 250 MMscf/day in gas sales to fuel local power plants
Posted inDRILLING & PRODUCTION
Saudi Aramco reportedly considering multi-billion dollar US gas acquisitions
Saudi Aramco CEO Amin Nasser told Reuters the company was willing to spend “billions of dollars” to acquire natural gas assets in the US
Posted inDRILLING & PRODUCTION
Global gas production hit highest growth in a decade in 2018
North America drove growth, followed by the Middle East
Posted inProducts & Services
Ariel Corporation regional manager on gas compressor market trends
As natural gas use increases, gas compressors are in higher demand and the landscape has shifted for suppliers with oil price fluctuations and a changing energy mix
Posted inDRILLING & PRODUCTION
Dana Gas receives $324m from all its operations in 2018
The company ramped up production from debottlenecking in the Kurdistan Region of Iraq and the completion of the Balsam-8 well in Egypt