OIL AND GAS

Jordan BDS Statement on Gas Deal with IsraelSeptember 16, 2014

Jordan BDS (Boycott, Divestment and Sanctions against Israel) expresses deep concern and opposition to the finalization of a recent gas deal between Jordan and Israel. The proposed deal comes in the aftermath of Israeli's morally reprehensible attack on Gaza, which left over 2,100 Palestinians killed, and 11,000 injured, the vast majority of them civilians. This opposition is joined by the vast majority of the Jordanian public who share Jordan BDS principled objection to working with Israel. Most importantly, the gas-purchase agreement is not in Jordan’s long-term strategic interest.

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Grandweld Success Story with Cotemar S.A. DE C.V. MexicoSeptember 14, 2014

Grandweld Shipyards has completed the delivery of the four units 42 meter Aluminum Crew Boats to Cotemar S.A. DE C.V. Mexico; the contract was signed in June 2013.

The 42M Aluminium Crew Boats are fitted with EPA Tier 3 compliant main engines and advanced navigation equipment. Designed to meet the client’s specific needs, the vessels can exceed a speed of 26 knots and benefit from luxury seating, VIP accommodation, a larger deck space and enhanced"...

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Gov't approves agreements for oil shale power plantSeptember 6, 2014

The National Electric Power Company ( NEPCO ) has invited an Estonian-Malaysian consortium to sign deals for building the country's first $2.4 billion oil shale-fuelled power plant, Energy Minister Mohammad Hamed said Thursday.

The Cabinet approved the four agreements to be signed with the consortium, and the signing is expected to take place soon, Hamed told The Jordan Times.


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Israel agrees on 15-year deal to supply Jordan with natural gasSeptember 6, 2014

Jordan has approved a long-term natural gas supply deal with Israel.


Jordan has agreed to import gas from Israel’s Leviathan offshore field in the eastern Mediterranean.


Under the accord, estimated at $15 billion, Leviathan operator, the U.S. firm Noble Energy, would supply Israeli gas to the Hashemite kingdom for 15 years.


“Noble Energy and the Leviathan"......

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Fuel prices to drop in SeptemberSeptember 1, 2014

The government on Sunday lowered the prices of main oil derivatives for September.


Under the decision taken by the government’s pricing committee, effective as of Monday, one litre of unleaded 90-octane gasoline will be sold at JD0.800, down from JD0.850, while one litre of 95-octane will now cost 0.97, down from JD1.035 during August.


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Slight drop expected in fuel pricesAugust 30, 2014

Fuel prices are expected to see a slight drop in the domestic market as of Monday, Gas Stations Owners Association (GSOA) President Fahed Al Fayez said Thursday.


The government's pricing committee is set to review the prices of oil derivatives on Sunday night, a procedure taken on a monthly basis after the government lifted fuel subsidies on November 14, 2012.

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Jordan issues call for oil and gas development partnersAugust 27, 2014

The Dubai-based Zawya news agency said Jordan’s energy and mineral resources ministry is calling for tenders to explore the Sarhan and Azraq blocks in the country’s Mafraq governorate, 80 kilometres northeast of the Jordanian capital Amman.


Zawya said the deadline for submitting tenders in terms of prospective production-sharing agreements between Jordan’s government and the bidding companies is 20 October.


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Pacific International Drilling West Africa Limited Announces Firm Contract Extension for Pacific BoraAugust 26, 2014

Pacific International Drilling West Africa Limited (PIDWAL) announced today that Star Deep Water Petroleum Limited, an affiliate of Chevron, has signed a firm contract extension for the Pacific Bora. As previously announced in our recent Fleet Status reports, the contract extension increases the drillship’s backlog by approximately $439 million, bringing the company’s total contract backlog as of Aug. 22, 2014, to $3.0 billion.


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Gov't invites bids to explore oil, gas in northeastern regionAugust 24, 2014

The government on Saturday offered two blocks in the Kingdom's northeastern region for oil and gas exploration, according to the Ministry of Energy and Mineral Resources.

The ministry said on its website that it opened the door for companies to submit bids for tenders it floated to explore gas and oil in the Sarhan and Azraq blocks in Mafraq Governorate, 80km northeast of Amman.


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Gas fields in Gaza find buyers in JordanAugust 23, 2014

The country of Jordan and the Palestinian National Authority have agreed informally on a deal for Jordan to buy natural gas from the fields recently discovered off the coast of Gaza.


The Middle East Monitor reports:

In a statement to Anadolu news agency, the chairperson of the energy committee in the Jordanian parliament, Gamal Qumwa, explained that the preliminary agreement includes supplying Jordan with 150 cubic feet of natural gas from Gaza’s field. He pointed out that"......

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