energy
Emirati-owned Dana Gas has suspended operations at a gas complex in Iraq's autonomous Kurdistan region after a drone strike that killed four people, it said on Monday. The Khor Mor complex owned by the United Arab Emirates firm has been hit several times in recent years, but Friday's attack was the first deadly incident. Four workers died and eight others were wounded when the drone struck a condensate storage tank, Dana Gas said in a statement to the Abu Dhabi Securities Exchange. "Although there was very minor damage to the facilities, for the safety of all our staff and the facilities, we h...
The New Arab
An Iraqi man has taken the first step in launching UK legal proceedings against British oil firm BP, holding the company partly to blame for his son's death. Hussein Julood sent the company a letter seeking damages on Monday, just over a year after his son Ali Hussein died aged 21. Ali was raised near the town of Rumaila in Iraq. Julood alleges that gas flaring – the burning of excess gas – at the Rumaila oil field was responsible for his son's cancer. "My son was my best friend," Julood said. "Despite his suffering, Ali sought justice for all the people in the community who have been affected...
The New Arab
Iran's retaliatory attack on Israel has injected fresh anxiety into oil markets already roiled by regional tensions, but analysts stress that it is unclear if a durable price spike is imminent. Saturday's overnight drone and missile barrage was Iran's first-ever direct assault on Israeli territory. Tehran says it was triggered by the April 1 Israeli airstrike on its consulate building in the Syrian capital. The Iranian mission to the United Nations warned on X of "considerably more severe" actions should Israel "make another mistake", raising the prospect of intensifying violence in the days a...
The New Arab
Iran will unload about $50 million worth of crude from a Marshall Islands-flagged tanker seized last year, the semi-official Fars news agency reported on Wednesday, in a tit-for-tat action against the United States. Advantage Sweet is a Suezmax crude tanker that had been chartered by US firm Chevron and was seized in April 2023 by Iran's army following an alleged collision with an Iranian boat. The unloading of the cargo follows a Tehran court order in favour of Iranian patients of Epidermolysis Bullosa (EB), a rare skin disease, who had filed a lawsuit against the "severe physical and mental ...
The New Arab
QatarEnergy chief Saad al-Kaabi announced on Sunday a new expansion of its liquefied natural gas production that will add a further 16 million tonnes per annum (mtpa) to existing expansion plans, bringing total capacity to 142 mtpa. With this added boost, the overall expansion of the North Field from 77 mtpa currently to 142 mtpa by 2030 represents an increase of 85% in production, Kaabi said at a press conference in Doha. Qatar is among the world's top exporters of LNG, competition for which has ramped up since the beginning of the war in Ukraine in February 2022. State-owned QatarEnergy has ...
The New Arab
Iraq on Friday reopened the North Refinery in the Baiji complex, which came to symbolise the country's turbulence, after being closed for a decade, Prime Minister Mohammed Shia al-Sudani said in a statement. The refinery was shut in 2014 when Islamic State group fighters seized it after taking over large swathes of the country, a major OPEC oil producer. It has a refining capacity of 150,000 barrels per day after reopening. It also faced threats from Al Qaeda. The group had enough control over the Baiji area that it was able to intimidate refinery workers and hijack its refined products. It so...
The New Arab
Israel has increased production at the Tamar gas field to meet growing demand in Egypt, despite unease over the brutal war on Gaza, according to Mada Masr. Tamar investment partners, which include Chevron, said millions would be invested in the Eastern Mediterranean gas field to boost production and export facilities. The $24 million investment will be split into two parts, which include increasing production from 1 billion to 1.6 billion feet a day and developing facilities at the onshore Ashdod site, according to Reuters, with both due to be completed in 2025. While Egypt is a gas producer i...
The New Arab
Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time on record, Europe's climate monitor said Thursday, in what scientists called a "warning to humanity". Storms, drought and fire have lashed the planet as climate change- supercharged by the naturally-occurringEl Nino weather phenomenon\- stoked record warming in 2023, making it likely the hottest in 100,000 years. The extremes have continued into 2024, Copernicus Climate Change Service (C3S) service said, confirming thatFebruary 2023 to January 2024 saw warming of 1.52 degrees Cels...
The New Arab
Saudi Arabia and Kuwait have reaffirmed their exclusive ownership of the Durra gas field in the Gulf, in a move likely to inflame tensions with neighbouring states. The two countries released a joint statement asserting their ownership of the gas field following a visit on Tuesday by Kuwait’s Emir Mishal Al-Ahmad Al-Jaber Al-Sabah to Riyadh, where he met Saudi Arabia's King Salman and Crown Prince Mohammad bin Salman. Iran also claims part of Durra, which it calls Arash, and called for negotiations on ownership of the eastern area of the gas field. "The entire Durra field is located in the mar...
The New Arab
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