New York Times Feed

    OIL AND GAS

    Saudi’s Aramco Plans Natural Gas Output Near JordanJanuary 24, 2015

    Saudi Arabian Oil Co. plans to start natural gas production at a field near Jordan next year as the world’s biggest crude exporter is “investing big in gas,” CEO Khalid Al-Falih said.


    “Results are extremely encouraging” at the field in northern Saudi Arabia, Al-Falih said at the World Economic Forum in Davos, Switzerland. The state-owned producer,"...

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    Jordan, Shell Sign Gas DealJanuary 22, 2015

    Royal Dutch Shell has inked a deal to supply LNG to Jordan’s National Electric Power Company, country’s Minister of Energy and Mineral Resources Mohammad Hamed said Wednesday.


    As per the five year agreement, Shell will supply 150 million cubic feet of LNG per day to a terminal in Aqaba. Jordan will pay $500 million per year for the fuel supply, reported Jordan Times newspaper.


    "This is a very"......

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    Energy Price Volatility and Climate Framework Uncertainty Are the “New Normal” – World Energy CouncilJanuary 21, 2015

    Energy leaders see price volatility and the future of a climate framework as their top critical uncertainties, according to the latest World Energy Issues Monitor published by the World Energy Council, the UN-accredited global energy body.


    The 7th edition of the Council’s annual survey of over 1000 energy leaders including ministers and CEOs from nearly 80 countries"...

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    Al Gore Receives Lifetime Achievement Award at Zayed Future Energy Prize 2015January 20, 2015

    Former US Vice President Al Gore has received the 2015 Lifetime Achievement Award by the Zayed Future Energy Prize. Gore was recognised for his unwavering personal and political commitment to raise international awareness about the dangers of climate change, while reinforcing optimism that the global community can and will successfully tackle the challenge.


    Gore received"...

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    Mohammad bin Rashed, Mohammad bin Zayed and Egypt’s President Sisi Award Zayed Future Energy Prize 2015 WinnersJanuary 20, 2015

    His Highness Sheikh Mohamed bin Rashed al Maktoum, Vice-President and Prime Minister of the UAE, Ruler of Dubai, His Excellency Abdulfattah El Sisi, President of the Republic of Egypt and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, Awarded the 7th Zayed Future Energy Prize winners at an awards ceremony today during the opening of the Abu Dhabi Sustainability Week.


    ...

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    Zayed Future Energy Prize 2016 Submissions Open TodayJanuary 20, 2015

    Today, submissions and nominations opened for the 2016 Zayed Future Energy Prize. The Prize, an annual US$4 million award, recognises individuals, organisations and schools for advancing solutions that will meet the challenges of climate change, energy security and the environment.


    Submissions and nominations to the 2016 Zayed Future Energy Prize opened at 12.00 a.m. Gulf"...

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    Israel approves two pipeline connections for natural gas deliveries to JordanJanuary 8, 2015

    Israel's National Planning Commission has approved two proposed pipeline connections allowing the delivery of natural gas to Jordan.

    The commission voted Tuesday to approve the routes for pipeline links to Jordan from the north at Bet Shean and in the south at the Dead Sea.

    Israel's Interior Ministry, under which the commission operates, said the two locations will allow for the necessary safety, support and reliability for the future export of gas to Jordan.

    Commission Shuki Armani said in a statement that "exporting gas to Jordan is a project of national importance, including...

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    Jordan to import gas from Gaza Marine field - reportJanuary 6, 2015

    According to Bloomberg, Jordan will import 1.5-1.8 BCM annually from the field off the coast of the Gaza Strip.

    While it was reported in Jordan yesterday that the negotiations on importing Israeli gas from the Leviathan reserve had been halted, Bloomberg reports that Jordan, which is in need of cheaper sources of energy, will import gas from the Gaza Marine field 35 kilometers from the coast of the Gaza Strip. According to Bloomberg, the"...

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    Jordan halts talks on $15 billion accord with Noble Energy to import Israeli gasJanuary 5, 2015

    Jordan suspended talks to import natural gas from Israel from Noble Energy Inc. and will sign an agreement with BG Group Plc to buy Gaza Strip gas.


    The kingdom halted negotiations “recently” after Israeli authorities said they may move to prevent a regional “monopoly” for Noble, according to Jamal Qammouh, head of Jordan’s Lower House energy"...

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    CAMAC Energy Announces Arrival of Sedco Express to the Oyo FieldDecember 29, 2014

    CAMAC Energy Inc. (“CAMAC” or the “Company”) (NYSE MKT: CAK) announced today that the semi-submersible drilling unit, Sedco Express, has arrived to the Oyo Field located in OML 120 offshore Nigeria. The Company has contracted the Transocean Sedco Express to expedite the timing of production tie-in"......

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