Iran-French Companies to Build Region’s First FLNG Plant

• Monday, 14th December 2015
• by Egypt Oil & Gas

Iranian companies and a French firm have reached an agreement to build the first floating LNG production unit at the offshore Forouzan oilfield, first in the region, with a capacity of 1mt/year.

Turkmenistan Launches $10b TAPI Gas Pipeline Construction

• Monday, 14th December 2015
• by Egypt Oil & Gas

Turkmenistan has began construction works on a $10b natural gas pipeline project designed to provide up to 33bcm/year of gas from the Galkynysh gas field to Afghanistan, Pakistan and India (TAPI).

Nigeria to Launch Oil&Gas Exploration in Lake Chad Area

• Sunday, 13th December 2015
• by Egypt Oil & Gas

The New Nigeria Development Company (NNPC) owned by 19 northern state governments has disclosed plans to commence exploration of oil and gas in the Lake Chad area, in the North-East.

Algeria’s Bir Seba Field Marks its First Oil Flow

• Sunday, 13th December 2015
• by Egypt Oil & Gas

Vietnamese oil and gas explorer PetroVietnam Exploration Production Corporation celebrated the first commercial oil flow from Bir Seba, in Algeria.

Bulgaria, Greece Sign a New Gas Pipeline Agreement

• Sunday, 13th December 2015
• by Egypt Oil & Gas

Bulgaria's state energy holding BEH and Greek-Italian joint venture ISI Poseidon have signed an agreement to build a 180km long natural gas pipeline worth $242m, seeking to reduce Sofia's dependence on Russian supplies, and create an alternative channel for gas shipment to central Europe.

BP Faces Class Action Lawsuit in Mexico over Horizon Oil Spill

• Sunday, 13th December 2015
• by Egypt Oil & Gas

Sinaloa Class Actions (ACSinaloa), a Mexican non-governmental organization of lawyers specializing in environmental disasters, has filed a class action lawsuit against BP in Mexico over the 2010 Deepwater Horizon oil rig explosion causing environmental and consumer damage in the Gulf of Mexico.

Admoc’s Study Recommends Environmentally Friendly Corrosion Inhibitors

• Sunday, 13th December 2015
• by Egypt Oil & Gas

Abu Dhabi Marine Operating Company (Admoc) has recommended the use of the Vapour Phase Corrosion Inhibitor (VpCI) for corrosion management of caisson legs, based on its recent study outcomes.

Xodus Group Wins $400,000 Contract with Zakum

• Sunday, 13th December 2015
• by Egypt Oil & Gas

Xodus Group, the oil and gas services firm has been awarded its second contract for Abu Dhabi offshore analytical operations worth $400,000 this year by the Zakum Development Company (Zadco).

Adnoc’s LPG Cylinder Prices on the Rise

• Sunday, 13th December 2015
• by Egypt Oil & Gas

The UAE's Adnoc Distribution announced its new retail price of unsubsidized LPG cylinders last week, rising to$12.5 per 25lb cylinder.

Qatargas Announced 50% Flaring Reduction Success at IPTC

• Thursday, 10th December 2015
• by Egypt Oil & Gas

Qatargas announced that it had successfully reduced flaring by more than 50 %, and was pursuing other initiatives to meet its CO2 emissions reduction goal of below 6,000mscf/year by 2017.