New York Times Feed

    OIL AND GAS

    Local, int’l companies invited to bid for Risheh gas field explorationApril 17, 2014

    The door is open for local and international companies to submit bids to the Energy Ministry to develop the Risheh gas field near the border with Iraq after British Petroleum ended its project there, according to a senior official.


    “Any company working in the field of gas exploration can apply to develop the field, especially since BP withdrew from the project and is expected to fully end operations in Jordan in June,” Energy Minister Mohammad Hamed"......

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    Newmont Publishes 2013 Sustainability ReportApril 16, 2014

    Newmont Mining Corporation (NYSE: NEM) today published its 2013 sustainability report, Beyond the Mine. The report reflects Newmont’s reporting obligations as a founding member of the International Council of Mining and Metals (ICMM) as well as its commitments under the Voluntary Principles on Security and Human Rights (VPSHR), the United Nations Global Compact and the Global Sullivan Principles. Finally, the report complies with the Global Reporting Initiative’s (GRI) international standard for sustainability reporting.


    ......

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    ADM Announces Significant Actions in Ongoing Portfolio ManagementApril 16, 2014

    Archer Daniels Midland Company (NYSE: ADM) today announced three significant actions in the company’s ongoing portfolio management: an agreement to sell the company’s South American fertilizer business, pursuit of the sale of the company’s chocolate business, and the acquisition of the remaining stake of Alfred C. Toepfer International GmbH.


    “We are"...

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    Construction Begins on Central Project in Wafra Oil FieldApril 15, 2014

    Saudi Arabian Chevron Inc. announced today that an integral project entered the construction phase, as leaders from Wafra Joint Operations, the Kuwait Gulf Oil Company, Saudi Arabian Chevron and key business partners supporting the project gathered for a ceremonial groundbreaking on the Main Gathering Center (MGC) Revamp Project.


    “This investment is a commitment to"...

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    Kingdom likely to lead region on shale oil productionApril 15, 2014

    A series of multibillion projects to generate oil from oil shale and build oil shale-fuelled electricity plants will start operation in the next few years, relieving the country’s rising energy bill that accounts for 20 per cent of the country’s gross domestic product, officials said Monday.


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    U.S. Firms Form Consortium to Service Burgeoning Iraq Oil & Gas MarketApril 9, 2014

    North America Western Asia Holdings (NAWAH), U.S. Steel Tubular Products, a subsidiary of United States Steel Corporation, and MRC Global Inc. have announced an alliance to bring critical oil well equipment into the natural resources-rich region of southern Iraq. The consortium will serve an international lineup of leading oil and gas companies charged with developing Iraq’s giant oil and gas fields.


    This"...

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    Phosphate Mines Company signs MoU with Karak International OilApril 8, 2014

    The Jordan Phosphate Mines Company (JPMC) signed a Memorandum of Understanding with Karak International Oil (KIO) on Monday to facilitate the purchase of KIO's products, namely sulphur, fuel, and mined phosphate.

    The MoU was signed by Chief Executive Officer of the JPMC, Shafiq Ashkar, and the Chairman of the KIO, Munther Akroush, in the presence of the JPMC Chairman, Amer Majali.

    Under the deal, the JPMC will purchase sulphur"...

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    CMT’s LPG Series Widens Coverage to Africa, Explores Demand, Export & Infrastructure NeedsApril 1, 2014

    Like the past editions, the Accra chapter is also expected to draw major LPG players from across the world, plus key stakeholders from the region. With the rise in demand for LPG in various parts of Africa, the 1.5 day summit aims at exploring opportunities resulting from evolving consumption patterns & pricing trends, investment requirements for LPG distribution & infrastructure, transportation & storage, etc.


    Among"...

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    Liquefied gas terminal to boost energy sectorApril 1, 2014

    The liquefied natural gas (LNG) terminal in Aqaba will give a boost to Jordan's energy sector, a senior official said Monday.


    Work on the $65 million terminal is going as planned, and it is expected to be ready during the first quarter of 2015, Energy Minister Mohammad Hamed said at a meeting held by the EDAMA Association under the theme “The Role of Gas in Securing a Sustainable Energy Mix for Jordan".

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    Jordan's energy imports surge by 47% in Jan.March 24, 2014

    Jordan's energy imports of oil derivatives, gas and electricity rose by 46.6 percent in the first month of this year to reach JD418.8 million, compared with JD285.5 million for the same month of 2013.

    According to foreign trade figures of the Department of Statistics (DoS), the rise in the value was because of increasing imports of diesel to JD155.8 million from JD29.4 million.

    The Kingdom's imports of heavy fuel also rose to JD31.5"...

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