Category: Middle East

19-year-old son of billionaire buys Siberian oil field

Arkady Abramovich, the 19-year-old son of Chelsea Football Club owner Roman Abramovich, bought a Siberian oil field, seven years after his father sold his Russian crude producer to OAO Gazprom for $13 billion.  More »

Baker Botts continues Middle East expansion

Global energy law firm Baker Botts announced an alliance with the International Legal Group of Kuwait.  More »

Israel gives OK for oil drilling in Golan Heights

The drilling permit raises concerns it could draw international condemnation.  More »

Companies reassess security after hostages killed in Algeria

Companies are reinforcing security at their facilities in the world’s trouble spots and reviewing evacuation plans after at least 23 workers were killed in an attack on a natural gas plant in Algeria.  More »

Desert siege toll passes 80; bomb squads search

Algerian bomb squads searched a gas refinery laced with mines on Monday, looking for more explosive traps a day after the discovery of more bodies throughout the site raised the toll from the terrorist siege well past 80.  More »

Shedding Some Light On The Solar Debate

I have always considered there are only two key rationales for investing in solar energy: for economic benefit (through subsidies or not), or for altruism. But the solar industry has seen a break in the clouds to start this year, and although it has been in part due to chasing profits, it has also been […]  More »

Oil Watch – Global Liquid Fuel Production Trends (EIA data)

Executive Summary Monthly oil production data reported by the US Energy Information Agency (EIA) offers several advantages over the equivalent data published by the International Energy Agency (IEA). First and foremost, the EIA report natural gas liqui…  More »

Australian Woodside in the Eastern Mediterranean: Throwing a Wrench in an Already Topsy Turvy Region

On December 2, Noble Energy, the Houston company that has played a vital role in drilling and confirming massive deep-water natural gas deposits (the largest in recent memory) in Israeli and Cypriot waters, announced a 30 percent sale of the Leviathan field to Australia’s Woodside.  More »

Gaza and Israeli Gas

On November 21 at 9pm Israeli time, not a moment too soon, a cease fire was declared between the Israeli military forces amassed outside of Gaza and Hamas which since 2007 has been controlling the city. Along with the West Bank, Gaza is supposed to be the flesh of a would-be Palestinian state.  More »

Projections Proffered By The IEA

The IEA’s 2012 World Energy Outlook has spurned many a headline since its release on Monday, which should be none too surprising given it is 688 pages long. The executive summary of the report can be viewed here (which is 676 pages less than the full version), while through even more distillation here are ten points I have […]  More »

Natural gas surge called “redefining global phenomenon”

Abundant natural gas from shale is boosting energy supplies so much that it’s changing global politics, speakers said at a Rice University conference.  More »

Execs, ambassador seek energy investment in Yemen

A delegation from Yemen, including the U.S. ambassador to the nation bordering Saudi Arabia, says 80 percent of its land has yet to be explored for oil and gas resources.  More »

Qatar seeks U.S. foothold as LNG dominance fades

Qatar is seeking to build liquefied natural gas export plants in the U.S. to offset an anticipated slide in revenue as prices of the fuel fell from a record.  More »

Green buildings on the rise in Persian Gulf states

With massive steel Sidra trees sprouting from the base of the building and a 9-meter (yard) high sculpture of a spider in the lobby protecting a sack of grey and white eggs, Qatar National Convention Center is hard to ignore.  More »

Saudi Arabia’s Naimi says Brent oil price is ‘still high’

Saudi Arabian Oil Minister Ali al- Naimi said the price for Brent crude is “still high” and that his country, the world’s biggest oil exporter, wants to see it fall closer to $100 a barrel.  More »
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