New York Times Feed

    OIL AND GAS

    'Gas cylinders to be fitted with shrink caps to prevent tampering'November 25, 2014

    Gas cylinders sold in Jordan will be fitted with heat-shrinkable capsules (shrink caps) as of early 2015 to prevent any attempts to tamper with their content, according to the Jordan Petroleum Refinery Company (JPRC ).

    "After the installation of the new capsules it will be very difficult for those who want to cheat people to do so,"...

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    Refinery stocks up on gas cylinders to meet winter demandNovember 22, 2014

    The Jordan Petroleum Refinery Company (JPRC ) is buying 100,000 gas cylinders from a Turkish supplier to meet the anticipated increase in demand for the commodity during winter, a JPRC official said Thursday.

    Mohammad Maharmeh from the JPRC said the refinery has stocked up on gas cylinders and 65,000 new units are available"......

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    ISIS Blows Up Egypt-Jordan Gas PipelineNovember 16, 2014

    The Islamic State's Sinai Peninsula terror organization, which was named Ansar Bayt al-Makdas until it swore allegiance to Islamic State (aka ISIS), has blown up the pipeline carrying gas from Egypt to Jordan.


    The pipeline, which is 1,200 km long, and was built at a cost of $1.2 billion, is used for exporting natural gas to Jordan, Syria and Lebanon. In the past, it was repeatedly"......

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    Investors Trust Assurance SPC Moves Miami Office to New LocationNovember 12, 2014

    Investors Trust Assurance SPC (“ITA") is pleased to announce that its office in Miami has moved to a new location in Brickell, the Financial District of Miami. This new office, in the heart of the growing city of Miami, supports the Company’s innovative and progressive culture, while offering a prime location for convenient business.


    Miami is a multi-cultural"...

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    AEG Power Solutions Chosen by Maire Tecnimont Group for UPS at Total OilfieldNovember 12, 2014

    - 25 AC & DC UPS systems for major Italian oil and gas development

    - Technical expertise on the solution made the difference


    ADIPEC


    AEG Power Solutions (FWB:3W9K), a global provider of power electronic systems and solutions for industrial power supplies and renewable energy applications, today announced that it has been selected to provide 25 UPS systems for the Tempa Rossa onshore oilfield in Italy (more info on Tempa Rossa: www.it.total.com).

    ......

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    Jordan Petroleum seeks 120,000 tonnes gasoline for Dec-MarchNovember 6, 2014

    Jordan Petroleum Refinery is seeking about 120,000 tonnes of gasoline for delivery over late December to March, similar volumes to a previous purchase, a tender document showed on Thursday.

    The refiner is seeking four cargoes of 33,000 tonnes each of 95-octane gasoline for delivery over Dec. 25 to March. Each cargo has a tolerance level of 10 percent.


    The cargoes"...

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    Attarat company signs deal with Guangdong for oil shale power plantNovember 3, 2014

    Attarat Power Company (APCO) has signed an engineering, procurement and construction (EPC) contract with Guangdong Power Engineering Corporation (GPEC) to construct Jordan's first oil shale fired power plant, a statement said Sunday.

    GPEC was selected in 2013 to perform the EPC of the 554 megawatt mine mouth oil shale fired power plant under a fixed price turn-key contract.


    "...

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    Slumping oil prices save Jordan millions, ‘but not for long’October 30, 2014

    Energy poor Jordan could see an economic boost from declining oil prices, even if the slide continues for the short term only, experts say.


    The decline of more than 20 per cent in international oil prices since June — with Brent crude falling to around $87 per barrel Wednesday — would help the Kingdom to cut its ballooning oil bill and reduce the losses of the state-owned electricity company, the analysts told The Jordan Times Wednesday.

    ......

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    'Petrol prices may drop by around 5 per cent'October 27, 2014

    Prices of diesel and kerosene products are expected to witness a bigger drop than that of petrol in the next government pricing update for fuel set to be announced on Friday, an informed source said Sunday.

    According to the source, who requested to remain unnamed, diesel and kerosene prices are expected to go down by no less than 7 per cent, while petrol prices may drop by around 5 per cent.


    "...

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    Jordan expects to finalise Israel gas deal next month - ministerOctober 25, 2014

    Jordan expects to finalise a deal next month with Noble Energy Inc to supply the kingdom with natural gas from Israel's Leviathan field, that could save at least $1.4 billion in the country's annual import energy bill, the energy minister said.

    The kingdom is struggling to meet electricity demand which is growing by more than 7 percent due to a rising population and industrial expansion. At the same time, reducing losses at state electricity firm NEPCO are a key performance criterion in Jordan's 36-month standby loan deal with the IMF.

    NEPCO piled up debts...

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