Middle East
LNG buyers call for more flexible supply to adapt to variable power demand
Japan and other top liquefied natural gas (LNG) buyers are calling for more supply flexibility to adapt to variable power demand.
Qatar LNG sales to key Asian markets confronted by U.S., UAE rivalry
Qatar is finding it hard to agree new deals to supply liquefied natural gas (LNG) to Japan and South Korea as rising competition from the U.S. and elsewhere with more flexible contract terms challenges Doha's decades-old dominance of the market.
Fewer tankers transit the Red Sea in 2024
The amount of crude oil and oil products flowing through the Bab el-Mandeb, the southern chokepoint at the mouth of the Red Sea, decreased by more than 50% in the first eight months of 2024.
TotalEnergies expands global LNG bunkering footprint
TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new LNG bunker vessel of 18,600 m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs.
The Gulf Energy Information Excellence Awards 2024 winners honored at live Houston gala
The 2024 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders.
NDT Global partners with Aramco to launch 56" ultrasonic inspection tool
NDT Global launched a 56" ultrasonic inline inspection tool, developed in collaboration to meet the inspection requirements of integrated oil and gas company Aramco.
Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
Algeria's Sonatrach and Saudi Arabia's Aramco have raised official selling prices (OSPs) for liquefied petroleum gas (LPG) in October by around 3%–4% from September due to limited supply on the global market.
QatarEnergy LNG awards McDermott EPCI contract for NFS Offshore Pipelines and Cables Project
McDermott has been awarded an engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG for the North Field South (NFS) Offshore Pipelines and Cables Project.
Sanctioned tanker with LNG cargo passes via Suez Canal
The Pioneer tanker, sanctioned by the U.S. over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo.
Turkey's Botas in talks with Iran's national gas company for long-term supply
Turkish state energy company Botas said on Wednesday that it had held talks with Iran's national natural gas company NIGC for the long-term supply of natural gas from Iran to Turkey.
TotalEnergies signs LNG supply agreements with BOTAŞ and CNOOC
In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies has announced the signing of a heads of agreement (HoA) with BOTAŞ for the delivery of 1.1 MMtpy of LNG for ten years starting from 2027, and a 5-year extension of its sales and purchase agreement (SPA) with CNOOC for the delivery of 1.25 MMtpy of LNG to China until 2034.
LNG contracting off to a great start in 2024
Long-term LNG contracting activity is off to a strong start in 2024. Since the beginning of the year, 58 MMtpy of LNG SPAs (sales purchase agreements), capacity agreements and Heads of Agreements (HOAs) have been signed. This follows over 94 MMtpy of new LNG SPAs and HOAs agreed upon last year.
Saudi Aramco wants to be a major LNG gas player, gas chief says
The world's largest oil producer, Saudi Aramco, wants to become a major LNG player, the head of its natural gas business said on Tuesday.
Saipem wins $4-B contract from QatarEnergy for North Field expansion to fuel LNG expansion
Italian energy engineering group Saipem has won an offshore contract worth $4 B from QatarEnergy to boost production at QatarEnergy's North Field offshore natural gas field, which lies off the northeastern coast of Qatar.
Thailand's PTT signs 5-yr LNG deal with Oman LNG
Thailand's largest energy firm, state-controlled PTT, has signed a 5-yr deal to buy liquefied natural gas (LNG) from Oman.
Aramco to up stake in EIG's MidOcean to 49%, fund new stake in Peru LNG
Saudi Aramco will increase its stake in liquefied natural gas (LNG) firm MidOcean Energy to 49% and fund its acquisition of a new 15% stake in Peru LNG from Hunt Oil Company.
ADNOC signs heads of agreement with Indian Oil for Ruwais LNG project
ADNOC has signed a long-term heads of agreement (LNG agreement) with Indian Oil Corp. Ltd. (IndianOil), India’s largest integrated and diversified energy company, for the delivery of 1 metric MMtpy of liquefied natural gas (LNG).
China’s Hudong-Zhonghua Shipyard to build six new QC-Max LNG vessels for QatarEnergy
QatarEnergy has signed an agreement today with China State Shipbuilding Corp. (CSSC) for the construction of six additional state-of-the-art QC-Max vessels, bringing the total number of LNG vessels on order under its fleet expansion program to 128, including 24 QC-Max mega vessels.
QatarEnergy inaugurates its first conventional-size LNG vessel
QatarEnergy has inaugurated the first conventional-size LNG vessel under its historic shipbuilding program. The Rex Tillerson was named after the former Chairman and CEO of ExxonMobil as a tribute to his life-long accomplishments in the energy sector.
Turkey's Botas buying 4 Bm3y of LNG from Shell in 10-year deal
Turkish state energy company Botas and British oil major Shell have signed a 10-year LNG agreement for a total of 40 LNG cargoes of approximately 4 Bm3 to be delivered annually for a period covering 10 years starting from 2027.
Egypt counts on foreign funds to buy gas as power crisis worsens
Saudi Arabia and Libya have financed the purchase of gas cargoes worth at least $200 MM to help Egypt ease its energy crisis this summer amid a steep decline in domestic gas output.
ADNOC deploys pioneering AI-enabled process optimization technology
Following successful initial operations, ADNOC announced the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology--Neuron 5--across all ADNOC facilities across thousands of critical pieces of equipment essential for production, including compressors, valves and generators.
Qatar strikes another 15-yr LNG supply deal with Kuwait
Qatar agreed to supply Kuwait with 3 MMtpy of LNG for 15 years, as Kuwait imports the fuel to help meet rising demand for power generation.
GAS Entec and AG&P to build strategic LNG terminal in Kingdom of Jordan
Leading LNG Infrastructure company GAS Entec with its group company AG&P and local partners Issa Haddadin, together referred to as the consortium, has been awarded a contract to build Sheikh Sabah Al-Ahmad Al-Jaber Al Sabah onshore regasification LNG terminal at the Port of Aqaba in the Kingdom of Jordan.
ADNOC, PETRONAS and Storegga to collaborate on offshore carbon capture and storage in Malaysia
PETRONAS, ADNOC and Storegga announced the signing of a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide emissions storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia.
ADNOC Gas announces record Q2 net income of $1.19 B
ADNOC Gas plc and its subsidiaries announced strong financial results for Q2 2024, posting an adjusted net income of $1.19 B, a 21% year-on-year improvement exceeding market expectations.
ADNOC signs long-term HOA with Osaka Gas for Ruwais LNG Project
ADNOC announced the signing of a long-term Heads of Agreement with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 800,000 tpy of LNG.
Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
This strategic expansion aims to increase Oman's LNG production capacity to 15.2 MMtpy
Iran to receive 300 MMm3d of Russian gas
Iran will receive 300 MMm3d (millions of cubic meters per day) of Russian gas. Russian energy giant Gazprom signed a memorandum in June with the National Iranian Gas Company to supply Russian pipeline gas to Iran.
SNAM making progress on Ravenna FLNG project (Italy)
Works are proceeding according to schedule on Ravenna's offshore regasifier, which will land 8.5 km from Punta Marina at the end of the year, and become operational in the first quarter of 2025.
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
