Page 11 - MEOG Week 50

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MEOG
Shares in the two Israeli partners in Leviathan, Delek and Ratio Oil, traded higher on Wednesday despite the uncertainty.
Leviathan was discovered in 2010
about 120 km (75 miles) off Israel’s coast.
But its towering production platform was constructed much closer to shore - just 10 km away.
Environmental activists and municipalities located near where the pipeline comes ashore had tried unsuccessfully - including at the country’s Supreme Court - to block the plan and force it to be built further out at sea.
The Leviathan partners are now waiting to open the wells and fill the subsea pipeline with natural gas, a process that sends emissions into the air.
The latest petition to halt the process was brought by several municipalities and an environmental group against the project’s operator, Noble, and Israel’s Environmental Protection Ministry.
The court said it issued the injunction because concerns over public health had still not been sufficiently disproved.
reuters
Private firms to expand
Turkish gas distribution
network
Turkish private companies plan to invest Turkish lira (TRy) 2bn (around €300mn) in expanding the country’s natural gas distribution network, according to yasar aslan, head of the Natural Gas Distributors’ Union.
Natural gas is distributed through a 140,000-kilometre long network in Turkey, aslan said, adding that the Turkish gas grid
expands by 8% each year.
Between 2017 and 2019, 220 residential
areas with a combined population of 6.5mn were connected to the distribution system, according to arslan. Turkey’s population stands at towards 82mn.
From 2020 to 2022, 100 more residential areas would become part of the distribution network, aslan said.
Turkey’s natural gas consumption declined by 6% to 50bn cubic metres in 2018.
Energy market regulator EPDK reported last month that natural gas consumption plunged 20.4% on an annual basis to 3.24bn cubic metres in September due to unusually warm weather.
neWsbase
Overhaul of gas turbines machine in AOGPC
aghajari Oil and Gas Production Company (aOGPC) has successfully overhauled 21 gas turbines in its repair shop.
according to the National Iranian South Oil Company (NISOC), Morad Kamali, director of industrial equipment and process machinery repairs department of aOGPC, said there are many opportunities for local builders and suppliers to operate in the NISOC operations including in repairing the items and machinery.
He said interacting with domestic builders was on the agenda of NISOC, adding that offering the technical savvy of items and part to the contractors was also considered by NISOC and the company would welcome any measure to support local industrialists. shana
serViCes
FMSi continues to improve
driver safety in UAE and
Oman
FMSi, a provider of fleet and mobile asset management solutions delivered as Software as a Service (SaaS), has announced multi-year fleet management contract renewals with leading oil and gas customers in the UaE and Oman.
The company stated that these renewals re- affirmed their position as a leading provider of fleet management solutions for the oil and gas sector in the Middle East.
Both renewing oil and gas organisations have been longstanding users of FMSi’s premium fleet management solution and have a combined fleet size of nearly 2,000 vehicles.
The fleets, consisting of both heavy
and light vehicles, have seen significant improvement in driver and road safety through the implementation of FMSi’s premium fleet management solution. The solution has been vital in reducing the amount of over-speeding occurrences as well as dramatically improving their driver behaviour and overall performance.
Wassim Mourad, CEO of FMSi, said, “These significant contract renewals are a testimony to the results we have been able to deliver consistently over an extended period of time. as part of the value-added services for further safety enhancement, we are aiming to provision the use of cameras for capturing live footage.
“This solution continuously captures rolling 72 hours of video for retrieval of an accurate view of what occurs before incidents
Week 50 18•December•2019
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