Sunday, March 29, 2020

Natural Gas Field News

Leviathan Gas Exports Expected by Month's End

(Photo: Noble Energy)

Israel's largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jordan following shortly after, an official from the field's operator said on Monday

Mozambique Eyes $880 Mln in Tax from Anadarko Takeover

© LEMONGATE / Adobe Stock

Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum, local newspaper O Pais reported on Friday.Anadarko led a liquefied natural gas project in the southern Afri

Leviathan Platform Starts Voyage to Israel

(Image: Delek Drilling)

The gas platform for the Leviathan natural gas field is on its way to Israel from the Gulf of Mexico, the partners in the project said on Sunday.The first of four barges transporting the…

E.Timor, Australia to Ratify Maritime, Gas Deal This Year

East Timor and Australia are set to ratify a maritime border treaty, which regulates how the two countries will share revenue from the offshore Greater Sunrise natural gas field, later this year…

Ithaca Buys Chevron's UK North Sea Fields

(Photo: Chevron)

Israel's Delek Group moved closer to listing its Ithaca Energy subsidiary on Thursday by buying most of Chevron's British North Sea oil and gas fields for $2 billion.Under pressure from…

Reserves at Snoehvit Gas Field Cut

(Photo: Equinor)

Reserves at Equinor's Snoehvit field, the only producing natural gas field in the Barents Sea, were revised down by 8.5 percent, the Norwegian Petroleum Directorate said on Monday.Estimates for gross reserves were reduced by 17 mi

EIA: Azerbaijan Surges in Natural Gas

Graphics: U.S. Energy Information Administration

Azerbaijan is an important supplier of crude oil and natural gas in the Caspian Sea region, particularly to European markets, the US Energy Information Administration said in its report.The…

India Cuts Iranian Oil Imports Ahead of Sanctions

© Jose Gill / Adobe Stock

Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect…

SOCAR Inks Deals for Caspian Fields with Equinor

Azeri state oil company SOCAR and Norway's Equinor on Wednesday signed a risk service contract for the development of the Karabakh offshore oil and natural gas field in the Caspian Sea.The…

Cyprus Accuses Turkey of Blocking Drillship Again

Cyprus accused Turkey on Friday of threatening to use force against a drillship chartered by Italy's Eni, in a standoff over hydrocarbons rights in the eastern Mediterranean. There was no immediate reaction from Turkey…

Noble Energy Profit Beats Estimates

Photo: Nobel Energy

U.S. oil and gas producer Noble Energy Inc reported adjusted quarterly profit on Tuesday that easily beat analyst estimates due to cost cuts and higher crude prices, sending shares surging more than 7 percent in morning trading.

BP, Kosmos Move Closer to Senegal and Mauritania Offshore Project

BP and Kosmos Energy have moved closer to approving development of the Tortue natural gas field offshore Mauritania and Senegal after the two West African countries agreed to split production from the cross-border field.

Eni Ramping up Production at Zohr Field

Production from Egypt's huge Zohr offshore gas field in the Mediterranean will reach 2.9 billion cubic feet per day by mid-2019, Italy's Eni said on Monday. Speaking at an industry event in Cairo…

Eni/Total Find NatGas off Cyprus

Italy's Eni and France's Total have discovered a promising natural gas field off Cyprus, Eni said on Thursday, saying the find looked geologically similar to the mammoth Zohr field off Egypt.

Israel's Delek Group Posts Record Q3 Profit

Tamar Platform (Photo: Delek)

Israeli energy conglomerate Delek Group reported a record profit in the third quarter boosted by the sale of a stake in the Tamar natural gas field. Delek said on Wednesday it earned 1.02…

Zizhou Gas Field Resumes Production after Floods

China's CNPC has resumed production at its Zizhou gas field in the western Shanxi province, the company said on Friday. CNPC shut the natural gas field with 3.6 million cubic meters of daily production on July 25…

Semco Wins Order for Culzean Hook-up

Photo: Semco Maritime

Semco Maritime to participate in the preparation (hook-up) of Maersk Oil UK’s new gas field in the U.K. sector of the North Sea when the production units arrive from Singapore in the summer of 2018.

Pieridae Seeks Natural Gas Acquisitions, CEO Says

Pieridae Energy Ltd, the company behind a proposed liquefied natural gas terminal on Canada's east coast, is looking to buy producing assets in western Canada or in the Marcellus shale play in the United States…

Norway Doubles Barents Sea Oil & Gas Estimates

Norway on Tuesday doubled its estimate of undiscovered oil and gas resources in its region of the Arctic Barents Sea as a formerly disputed area bordering Russia was included for the first time, the country's oil regulator said.

Med Gas Pipeline Possible by 2025

Project may cost up to 6 billion euros; final investment decision could come by 2020. European and Israeli governments gave their support on Monday to moving forward with a Mediterranean…