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oil and gas

Oct 17

Murray Energy Corporation Extends Forbearance Agreements with its Lenders and Elects Not to Make Interest Payments to Noteholders

Murray Energy Corporation Extends Forbearance Agreements with its Lenders and Elects Not to Make Interest Payments to Noteholders

As previously disclosed, on October 2, 2019 Murray Energy Corporation (“Murray Energy” or “the Company”) entered into forbearance agreements with lenders holding in excess of 50% of outstanding loans under its Superpriority Credit and Guaranty Agreement and with"...

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Oct 13

Oil and gas will not save Lebanon

Oil and gas will not save Lebanon

As Lebanon races to enter the new oil producers club, decision-makers display a dangerous tendency to put all hopes on this uncertain sector and label it as the economic savior. This goes against the advice of Lebanese experts who have been warning against a 'presource' curse (the underperformance"...

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Oct 13

Oil Importers Say Crisis Resolved after Gas Station Owners Declare Open-Ended Strike

Oil Importers Say Crisis Resolved after Gas Station Owners Declare Open-Ended Strike

Lebanon’s oil importing companies announced Friday evening that they will resume delivering fuel to stations and distributors as of Saturday morning and that they will get paid in Lebanese pound, hours after distributors and the owners of stations declared an open-ended strike.

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Oct 09

Fluor, JGC and Technip Selected for Landmark Rovuma LNG Project in Mozambique

Fluor, JGC and Technip Selected for Landmark Rovuma LNG Project in Mozambique

Fluor Corporation (NYSE: FLR) announced today that a consortium of Fluor, JGC Corporation of Japan and TechnipFMC of France was awarded an engineering, procurement and construction contract by Mozambique Rovuma Venture S.p.A. (MRV) for its Mozambique Rovuma Liquefied Natural Gas (LNG) Phase 1 Project in Cabo Delgado, Mozambique with an immediate release of a limited notice-to-proceed. Fluor will book its portion of this work in the fourth quarter of 2019. “Fluor is pleased to have been selected for this strategic development and to partner with a team that combines considerable LNG expertise and design build capabilities on the African......

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Oct 07

Gas Station Owners Call Off Strike after Solution to Dollar Crisis

Gas Station Owners Call Off Strike after Solution to Dollar Crisis

The syndicates of fuel station owners and fuel tanker owners and a representative of fuel distributors on Sunday called off a strike previously scheduled for Monday after a settlement was reached with fuel importers over the currency that should be used in transactions.

At"...

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Oct 05

Lebanon’s turn to petroleum-based economy will bring it closer to UAE: Envoy

Lebanon’s turn to petroleum-based economy will bring it closer to UAE: Envoy

(WAM) -- As Lebanon starts its first ever oil and gas exploration this month, the UAE and the Arabian Gulf’s largest overseas Lebanese community in the country can play a major role in Lebanon’s transition towards a petroleum-based economy, according to a top Lebanese diplomat.

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Oct 02

Rockwell Automation and Schlumberger Announce Closing of Sensia Joint Venture

Rockwell Automation and Schlumberger Announce Closing of Sensia Joint Venture

Rockwell Automation (NYSE: ROK) and Schlumberger (NYSE: SLB) today announced the closing of their previously-announced joint venture, Sensia, the oil and gas industry’s first digitally enabled, integrated automation solutions provider.

The"...

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Sep 28

Lebanon to start drilling for oil in December, will sign energy agreement with Cyprus: minister

Lebanon to start drilling for oil in December, will sign energy agreement with Cyprus: minister

Lebanon’s Water and Energy Minister Nada Boustani said on Thursday that Lebanon is about to sign an energy cooperation agreement with Cyprus.

“We encourage linking Lebanon with neighboring countries"...

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Sep 28

Electricity committee: Goal is to secure power quickly at the lowest cost

Electricity committee: Goal is to secure power quickly at the lowest cost

NNA - The Ministerial Committee in charge of studying the electricity books of conditions met today at the Grand Serail, chaired by the President of the Council of Ministers Saad Hariri, and in the presence of Deputy Prime Minister Ghassan Hasbani, and Ministers Ali Hassan Khalil, Wael"...

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Sep 26

Boustani: We are committed to reaching 12% renewable energy in 2020

Boustani: We are committed to reaching 12% renewable energy in 2020

AddThis Sharing Buttons Share to Facebook Share to TwitterShare to WhatsAppShare to EmailShare to PrintShare to More NNA - Energy Minister Nada Boustani Khoury participated in the opening of the 10th Beirut International Forum for Energy and Water held this Wednesday at Le Royal Hotel - Dbayeh, under the patronage of President Michel Aoun, stressing in her speech the ministry's 'commitment to reaching the goal of 12% renewable energy in 2020, especially after it signed 3 contracts to buy energy from wind farms in Akkar.' 'In......

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