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Tarek El Molla meet with Norwegian Ambassador

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Minister of Petroleum talks with Norwegian ambassador in Cairo, and a delegation from the Norwegian Foundation In Stock Engineer Tariq Al-Mulla, Minister of Petroleum and Mineral Resources, a session of talks with  Roessns Norwegian ambassador in Cairo, which was accompanied by a delegation of In Stock Foundation, which includes major oil and gas Norwegian companies […]

OPEC Won’t Have Much Sway On Oil Prices

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In sticking with our recent $42-$50 forecast for WTI we underestimated the ability of OPEC + Russia to talk the market up while behaving bearishly. Although recent production data for Libya, Nigeria, core OPEC and Russia has exceeded expectations by a significant margin the most powerful force in markets over the last two weeks has […]

Is an Israel-Cyprus-Turkey pipeline possible?

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The recent week-long World Energy Congress in Istanbul had two major bookends. On the very first day, Turkey and Russia signed the much-awaited the Turkish Stream natural gas pipeline agreement and announced that they would deepen energy cooperation. On the last day, Israeli Minister of Minister of National Infrastructure Yuval Steinitz held extensive talks with his […]

Egypt says found alternative for fuel imports after Saudi Arabia halt shipments of fuel

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Egypt says found alternative for fuel imports after Saudi Arabia abruptly decided to halt shipments of fuel as an expression of its displeasure over an Egyptian vote in the UN this week. In that vote, Egypt voted in favor of separate Russian and French draft resolutions on Syria in the UN Security Council. That resolution […]

Rosneft-led group acquires Essar Oil for nearly $13 billion

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The acquisition is the biggest foreign acquisition ever in India and Russia’s largest outbound deal. Billionaire brothers Shashi and Ravi Ruia have agreed to sell 98 per cent of Essar Oil and a port terminal at Vadinar to a consortium led by Russian oil major Rosneft for almost $13 billion. Oil trading firm Trafigura and […]

Algeria is presenting a bid for the supply of liquefied natural gas to Jordan

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Energy Minister Noureddine Bouterfa, revealed that Algeria is presenting a bid for the supply of liquefied natural gas to Jordan to cover part of its needs. Jordan News Agency, “Petra”, said that the high-level Jordanian delegation moved to Algeria earlier this year, to discuss ways of cooperation in the field of energy, where Algeria showed […]

Gazprom gets permit for offshore section of TurkStream gas pipeline

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MOSCOW – Gazprom has received a survey permit for two strings of the TurkStream gas pipeline’s offshore section in Turkey’s territorial waters in the Black Sea. Alexey Miller, chairman of the Gazprom Management Committee, said: “I would like to highlight the constructiveness and promptness on the part of our Turkish partners. The TurkStream project is […]

The Markets for Israel’s Offshore Gas Dry up

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While keeping this a close secret, Prime Minister Binyamin Netanyahu has been forced to give up his grand plan to pipe gas from Israel’s offshore fields to Turkey for sale in European markets after France and Germany intimated that dealings with Ankara were unacceptable. Plans to expand the Leviathan gas well have also been put […]

Eni enters Algerian renewable energy sector

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The first project will be the construction of a 10 MW solar PV plant in the Bir Rebaa North (BRN) field, where the two companies will co-operate through GSA (Sonatrach-Agip Groupement). The goal is to start activities before the end of the year. The project is a step of the strategic cooperation agreement on renewable […]
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