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oil and gas

Jul 16

European gas prices exceed Asian spot LNG

European gas prices exceed Asian spot LNG


European gas hub prices have risen above the price of liquefied natural gas (LNG) on the Asian spot market in a rare occurrence that largely rules out arbitrage of LNG cargoes from the Atlantic to the Pacific basins.
National Grid’s liquified natural gas (LNG) plant is"...

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Jul 14

Power tender bidders to apply for classification

Power tender bidders to apply for classification

The Ministry of Energy and Water (MoEW) has called upon companies seeking to participate in large scale conventional power projects as independent power producers (IPPs) to apply for classification as lead developers or consortium members.

A lead developer is defined as a firm"...

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Jul 11

National project to promote large scale use of heat pumps

National project to promote large scale use of heat pumps

The Lebanese Centre for Energy Conservation (LCEC) has launched a national project to introduce heat pump technology on a large scale to the local market, specifically for space and water heating.

A heat pump converts ambient energy from the air, water, or the ground into energy"...

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Jul 08

Campaign Continues in Lebanon to Remove Illegal Electricity Connections

Campaign Continues in Lebanon to Remove Illegal Electricity Connections

Energy Minister Nada al-Bustani on Saturday said the ministry is completing its campaign to remove all encroachments on the power grid that continues in Baalbek on Saturday.

“It is an ongoing campaign that"...

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Jul 02

KOC Awards Halliburton Integrated Offshore Services Contract

KOC Awards Halliburton Integrated Offshore Services Contract

Kuwait Oil Company (KOC) and Halliburton (NYSE: HAL) today announced the companies have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf. Through Halliburton Project Management,"...

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Jun 30

Sheikh Hazza bin Zayed opens one of world’s largest offshore oil platforms

Sheikh Hazza bin Zayed opens one of world’s largest offshore oil platforms

Sheikh Hazza bin Zayed Al-Nahyan, Deputy Chairman of Abu Dhabi Executive Council, inaugurated one of the world’s largest offshore oil platforms – the Umm Lulu Gas Treatment Plant (ULGTP), in the presence of Sheikh Mansour bin Zayed Al-Nahyan, Deputy Prime Minister and Minister"...

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Jun 25

Lebanon discusses with Europe to build infrastructure for oil, gas export

Lebanon discusses with Europe to build infrastructure for oil, gas export

BEIRUT, June 24 (Xinhua) -- Lebanon is holding discussions with Europe, Turkey and other countries to build the needed infrastructure for the export of oil and gas, said Walid Nasr, chairman of the Lebanese Petroleum Administration, on Monday.

'Lebanon"...

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