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Dolphin Gas Project
The Dolphin Gas Project is the natural gas project of Qatar, the United Arab Emirates, and Oman. It is the Gulf Cooperation Council's first cross-border refined gas transmission project and the largest energy-related venture ever undertaken in the region. History The Dolphin Gas Project was conceived in 1999 to produce, process, and transport natural gas from Qatar's North Field to the UAE and Oman. Despite the Qatar diplomatic crisis and the temporary severing of Qatar—UAE ties in 2017, the pipeline was unaffected and continued normal operations. Technical description The project involves: * development of gas wells and installation of two platforms in Qatar's North Field; * two multiphase sea lines from the wellheads to the processing plant; * gas processing and compression plant at Ras Laffan in Qatar; * offshore pipeline from Ras Laffan to Taweelah in the UAE; * gas receiving facilities at Taweelah. Dolphin Energy entered the business of gas supply in January 2004 when ...
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Qatar
Qatar, officially the State of Qatar, is a country in West Asia. It occupies the Geography of Qatar, Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares Qatar–Saudi Arabia border, its sole land border with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf. The Gulf of Bahrain, an inlet of the Persian Gulf, separates Qatar from nearby Bahrain. The capital is Doha, home to over 80% of the country's inhabitants. Most of the land area is made up of flat, low-lying desert. Qatar has been ruled as a hereditary monarchy by the House of Thani since Mohammed bin Thani signed an agreement with Britain in 1868 that recognised its separate status. Following Ottoman Empire, Ottoman rule, Qatar became a British protectorate in 1916 and gained independence in 1971. The current emir is Tamim bin Hamad Al Thani, who holds nearly all executive, legislative, and judicial authority in an autocratic manner under ...
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Spot Market
The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market, in which delivery is due at a later date. In a spot market, settlement normally happens in T+2 working days, i.e., delivery of cash and commodity must be done after two working days of the trade date. A spot market can be through an exchange or over-the-counter (OTC). Spot markets can operate wherever the infrastructure exists to conduct the transaction. Exchange Securities (i.e. financial instruments) and commodities are traded on an exchange using, making, and possibly changing the current market price. OTC In the OTC i.e., over the counter market, trades are based on contracts made directly between two parties, and not subject to the rules of an exchange. The contract terms are agreed between the parties and may be non-standard. The price will probably not be published. Examples Ene ...
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1999 In Oman
1999 was designated as the International Year of Older Persons. Events January * January 1 – The euro currency is established and the European Central Bank assumes its full powers. * January 3 – The Mars Polar Lander is launched by NASA. * January 25 – The 6.2 Colombia earthquake hits western Colombia, killing at least 1,900 people. February * February 7 – Abdullah II inherits the throne of Jordan, following the death of his father King Hussein. * February 11 – Pluto moves along its eccentric orbit further from the Sun than Neptune. It had been nearer than Neptune since 1979, and will become again in 2231. * February 12 – U.S. President Bill Clinton is acquitted in impeachment proceedings in the United States Senate. * February 16 ** In Uzbekistan, an apparent assassination attempt against President Islam Karimov takes place at government headquarters. ** Across Europe, Kurdish protestors take over embassies and hold hostages after ...
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Occidental Petroleum
Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile. It is incorporated under the Delaware General Corporation Law and headquartered in Houston. The company ranked 183rd on the 2021 Fortune 500 based on its 2020 revenues and 670th on the 2021 Forbes Global 2000. History Occidental Petroleum was founded in Los Angeles, CA in 1920. In 1957, Armand Hammer became the company's president and CEO after acquiring a controlling stake. The 1960s marked a period of expansion as Occidental established operations in Peru, Venezuela, Bolivia, Trinidad, and the United Kingdom. In 1961, the company discovered the Lathrop Gas Field in Lathrop, California. In 1965, Occidental won exploration rights in Libya, where it operated until 1986 when United States economic sanction ...
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Total SE
TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and is one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. TotalEnergies is also a large-scale chemicals manufacturer. TotalEnergies has its head office in the Tour Total in La Défense district in Courbevoie, west of Paris. The company is a component of the Euro Stoxx 50 stock market index. In the 2023 ''Forbes'' Global 2000, TotalEnergies was ranked as the 21st largest company in the world. History 1924–1985: Compagnie Française des Pétroles The company was founded after World War I, when petrol was seen as vital in case of a new war with Germany. The then-French President Raymond Poincaré rejected the idea of forming a partnership with Royal Dut ...
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Mubadala Investment Company
Mubadala Investment Company PJSC (), or simply Mubadala, is a state-owned global investment firm that acts as one of the sovereign wealth funds of the government of Abu Dhabi. The company was established in 2017 when then-named Mubadala Development Company (now Mamoura Diversified Global Holding) and the International Petroleum Investment Company (IPIC) merged. Headquartered in Abu Dhabi, Mubadala also has offices in London, Rio de Janeiro, New York, San Francisco and Beijing. History Established in 1984, the International Petroleum Investment Company (IPIC) was created to advance Abu Dhabi’s natural petroleum wealth for the development of the emirate. Mubadala Development Company followed in 2002 to further diversify the economy. In June 2016, it was announced that Mubadala Development Company would merge with the International Petroleum Investment Company. In 2017, ownership of both MDC and IPIC was transferred to a newly created parent company, Mubadala Investment Company. Th ...
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Abu Dhabi
Abu Dhabi is the capital city of the United Arab Emirates. The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's List of cities in the United Arab Emirates, second-most populous city, after Dubai. The city is situated on a T-shaped island, extending into the Persian Gulf from the central-western coast of the UAE. Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. , Abu Dhabi's urban area had an estimated population of 2.5 million, out of 3.8 million in the emirate of Abu Dhabi. The Abu Dhabi Investment Authority is headquartered in the city, and was the Sovereign wealth fund#Largest sovereign wealth funds, world's 3rd largest sovereign wealth fund in 2022. Abu Dhabi itself has over a trillion US dollars worth of assets under management in a combination of various List of coun ...
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Stroytransgaz
OAO Stroytransgaz () is a Russian engineering construction company in the field of oil and gas industry. The company was founded in 1990. It was originally a subsidiary of Gazprom, but now controlled by Gennady Timchenko though his Volga Group SICAV SIF SA fund. The company has been added to the Specially Designated Nationals List on the US Department of the Treasury site because of connections to the annexation of Crimea by the Russian Federation. Operations The company is involved in the engineering and construction of pipeline systems, oil and gas production facilities, underground gas storages, power stations, as well as civil and industrial structures and facilities. In addition to Russia, the company is active in the CIS countries, in the Middle East, Turkey, India, Algeria, Germany and Greece. It is involved in the construction of the Arab Gas Pipeline, the Taweelah–Fujairah gas pipeline, and the Central Asia–China gas pipeline. The company had major energy and infras ...
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Fujairah F2 IWPP
Fujairah F2 Independent Water and Power Plant or Fujairah F2 IWPP is an independent water and power plant (IWPP) at Qidfa', Fujairah in the United Arab Emirates. It is located next to the Fujairah F1 IWPP plant south of Khor Fakkan and north of the city of Fujairah. During inauguration, it was the largest desalination plant in the United Arab Emirates. History Abu Dhabi Water & Electricity Authority (ADWEA) - Now called as Abu Dhabi Energy Company (TAQA) selected International Power, now called as Engie Energy International and Marubeni Corporation to build the project in 2007. The plant costed $2.8 billion to build and took three years to be completely finished. Technical description The Fujairah F2 IWPP has an installed power capacity of 2,000 MW and it produces 591,500 cubic meter of water per day. GT26 heavy-duty gas turbines to the power plant will be distributed by Alstom, while the desalination plant will be built by Sidem. For the water desalination, the ...
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Fujairah Power And Desalination Plant
Fujairah F1 Independent Water and Power Plant or Fujairah F1 IWPP is an independent water and power plant (IWPP) at Qidfa', Fujairah in the United Arab Emirates. It is located next to the Fujairah F2 IWPP. It is south of Khor Fakkan and north of the city of Fujairah. When constructed, the Fujairah plant was the first hybrid plant in the Middle East, and the largest desalination hybrid plant in the world. History A construction contract was awarded to Doosan Heavy Industries & Construction Company in June 2001 and the contract was signed in June 2002. In August 2001, a contract for the transmission systems was awarded to a joint venture of Al Jaber Energy Services and Technip. The first few liters of potable water were produced in April 2004. Total construction costs of the project were US$1.2 billion In June 2009 Sembcorp had announced that it had successfully boosted F1's power capacity by at least 40%. Technical description The Fujairah plant has an installed po ...
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Al-Ain
Al Ain () is a city in the Emirate of Abu Dhabi, United Arab Emirates, and the seat of the administrative division of the Al Ain Region. The city is bordered to the east by the Omani town of Al-Buraimi. Al Ain is the largest inland city in the Emirates, the fourth-largest city (after Dubai, Abu Dhabi, and Sharjah), and the second-largest in the Emirate of Abu Dhabi. The freeways connecting Al Ain, Abu Dhabi, and Dubai form a geographic triangle in the country, each city being roughly from the others. Climate and geography Al Ain is known as the "Garden City" () of Abu Dhabi, the UAE or the Gulf, due to its greenery, particularly with regard to the city's oases, parks, tree-lined avenues and decorative roundabouts, with strict height controls on new buildings, to no more than seven floors. According to one author, the oases around Al Ain and Al-Hasa in Saudi Arabia are the most important in the region of the Gulf. The city is located approximately east of the capital ...
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Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries by area, fifth-largest country in Asia, the largest in the Middle East, and the List of countries and dependencies by area, 12th-largest in the world. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Bahrain, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to Saudi Arabia–Yemen border, the south. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt and Israel. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of Geography of Saudi Arabia, its terrain consists of Arabian Desert, arid desert, lowland, steppe, and List of mountains in Saudi Arabia, mountains. The capital and List of cities ...
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