OIL AND GAS

Gov’t keeps petrol prices unchangedJuly 1, 2015

The government on Tuesday announced fuel prices for July, with no changes to the prices of 90- and 95-octane gasoline.


Under the new list, announced by Minister of Industry, Trade and Supply Maha Ali, the prices of one litre of unleaded 90-octane and 95-octane gasoline will remain the same at JD0.655 and JD0.840 respectively.


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LNG terminal begins experimental pumping to electricity stationsJune 28, 2015

Energy Minister Ibrahim Saif on Saturday announced the start of experimental pumping of liquefied natural gas (LNG) from Sheikh Sabah Al Ahmad Terminal in Aqaba to electricity generating stations across the Kingdom.


Saif said experimental and operational tests for the floating storage regasification unit vessel, rented to import LNG to Aqaba, started last week and will continue"...

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BAM completes Jordan LNG terminal ahead of scheduleJune 25, 2015

BAM International, the operating company of leading European construction services firm Royal BAM Group, has completed the construction of a new liquefied natural gas (LNG) terminal for Aqaba Development Corporation (ADC).

Built at a cost of €65 million ($73 million), the Aqaba terminal was handed over to ADC on Tuesday (June 23), two months ahead of schedule, said BAM in its statement.

In partnership with sister company BAM Contractors from Ireland and Jordan’s engineering company MAG, BAM International designed, built and commissioned an LNG jetty with approach...

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PanAtlantic Exploration Announces Results from Short Term Test of Turpiales-3 Horizontal WellJune 23, 2015

PanAtlantic Exploration is pleased to announce results from the short term test of Turpiales-3 horizontal well. The completion in the lower Real sand flowed at a maximum sustained rate of over 700 barrels of 16 degree API oil per day with a 2% BSW average. President and CEO Dr. Robert Erlich commented, “While we are pleased with the flow rates from the test, we continue to evaluate the best commercial solution for long term production.” The 450 square kilometer Turpial block is in the prolific Middle Magdalena"...

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Jordan and Iraq change route of oil pipeline due to ISIS June 21, 2015

Iraq's ambassador to Amman said on Friday that his country has agreed with Jordan about changing the route of the oil pipeline which was planned to go through Al-Anbar Governorate towards the kingdom, Anadolu has reported.

Jawad Abbas said that the proposed new pipeline will now go through Al-Basra, Al-Najaf, the Iraq-Saudi border and then into Jordan. The new route has been chosen due to security fears over ISIS, which controls large swathes of land in Al-Anbar.


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Jordan to develop its first landfill-gas-to-energy recovery system June 13, 2015

Jordan’s Greater Amman Municipality will use a US$13 million loan from the European Bank for Reconstruction and Development (EBRD) to develop the country’s first landfill gas-to-energy recovery system.


The EBRD is co-financing the loan with US$5 million from the Bank’s Green Energy"...

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Aqaba Gas Port 'Quantum Leap' would generate surplus for export to Egypt: Energy Minister June 7, 2015

Minister of Energy and Mineral Resources Ibrahim Saif has predicted that the Aqaba Gas Port and the power generation sector would experience a "quantum leap" that will not only cover Jordan’s needs for electricity, but might also result in a surplus that can be exported to Egypt, which suffers a scarcity of gas.

Saif told Petra that it was agreed, during the Jordanian-Egyptian Higher Committee joint meetings held recently in Amman,"...

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Stallion Names David C. Mannon Chief Executive Officer and Member of the Board of DirectorsJune 2, 2015

Stallion Oilfield Holdings, Inc. (“Stallion” or the “Company”), announced today that its Board of Directors has named David C. Mannon as the Company’s next President and Chief Executive Officer and member of the Board of Directors effective immediately. Mannon, 57, joins Stallion with more than 30 years of experience in the oilfield industry.


Gene"...

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