OIL AND GAS

‘Gov’t hopeful of Basra-Aqaba oil pipeline project’s resumption’September 28, 2014

Jordan is hopeful that preparations for a project to extend an $18-billion pipeline to import crude oil from Iraq’s Basra to the port city of Aqaba will resume soon.


“After the formation of the new Iraqi government, I am hopeful that we will soon resume steps towards further implementation of the project,” Energy Minister Mohammad Hamed said during an event held last week by Edama Association.


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‘Israel gas deal will save Jordan JD700m annually’September 27, 2014

The government said Thursday the state-owned National Electric Power Company (NEPCO) is expected to buy 250-300 million cubic feet per day of natural gas from Noble Energy, which experts said will save around JD700 million annually of the energy bill.


Minister of Energy and Mineral Resources Mohammad Hamed said Thursday that NEPCO is in talks with the American company Noble Energy to determine the prices of gas it will buy from Israeli fields late 2017, expecting a deal soon.

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Shell sees Jordan winning from natural gas, renewables combinationSeptember 25, 2014

Gas plus renewables like solar and wind power could be a winning combination for Jordan and other countries in the region, according to a press statement received Wednesday from Shell EP International.


The press release highlighted the input of Mounir Bouaziz, Shell’s vice president of commercial and"...

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Mechanical engineering conference seeks to explore energy solutionsSeptember 23, 2014

Prime Minister Abdullah Ensour on Monday inaugurated the eighth International Jordanian Mechanical Engineering Conference.


Ensour noted that the conference, dubbed “Mechanical Engineering: from Research to Application” and organised by the mechanical engineering department at the Jordan Engineers Association, is a real opportunity to exchange ideas and expertise among researchers from different countries.


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Cyprus Official: Egypt, Jordan Interested in GasSeptember 20, 2014

Cyprus' energy minister says Egypt and Jordan are interested in buying natural gas from the Mediterranean island nation to meet their domestic needs.


Cyprus' priority is to build an onshore facility to liquefy gas for export to Europe and elsewhere, but Energy Minister Yiorgos Lakkotrypis said Thursday that Jordan and Egypt also are potential customers.


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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.

We...

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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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