Middle East
UAE's ADNOC says 'business as usual' in Asia
Abu Dhabi National Oil Company sees no dip in demand from Asian customers as cheap Russian oil flows into the continent on the back of Western sanctions on Moscow, a senior executive said.
Global gas markets rebalancing and remains tight in 2023
Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe.
UAE's ADNOC swaps Fujairah for Ruwais as location for LNG export project
he UAE's state energy firm ADNOC said its planned LNG project would move forward in the Al Ruwais Industrial City in Abu Dhabi and not in the emirate of Fujairah.
Erdogan offers free gas pre-election after first Black Sea field shipment
President Tayyip Erdogan flicked the switch on Turkey's first delivery of natural gas to an onshore plant from a reserve discovered in the Black Sea, and promised to provide free natural gas for households before May 14 elections.
Chevron seeks drilling ship to expand East Med gas search
Chevron is seeking a drilling ship to explore for natural gas off Cyprus, Egypt and Israel as the U.S. energy major looks to meet growing demand in the region and Europe.
ADNOC L&S expands shipping fleet with five new VLGCs
United Arab Emirates' ADNOC Logistics & Services has expanded its fleet with the deployment of five new-build VLGC.
Russia's Sibur exports LPG to Africa, Middle East and Asia as EU cuts buying
Sibur, the largest producer and exporter of LPG in Russia, redirected exports to Africa, the Middle East and Asia in the past three months.
INPEX submits revised plan of development for Abadi LNG project
INPEX Corporation announced that through its subsidiary INPEX Masela, Ltd., it has submitted a revised Plan of Development for Abadi LNG Project incorporating a CCS component to Indonesian government authorities on behalf of the joint venture composed of INPEX and Shell.
Baghdad agrees to 30% stake in TotalEnergies $27 B Iraq energy project
Baghdad has reached an agreement to hold a 30% stake in TotalEnergies long-delayed $27 B Iraq project reviving a deal that Baghdad hopes could lure back foreign investment into the battered country which craves stability.
Baghdad, Erbil sign deal to restart northern oil exports
Iraq's federal government and the Kurdistan Regional Government signed a deal to restart northern oil exports through Turkey on Tuesday.
Baker Hughes announces major LNG order from QatarEnergy for the North Field South Project
Baker Hughes announced an order to be booked in the first quarter of 2023 with longtime partner QatarEnergy to supply two main refrigerant compressors for the North Field South project, which will be executed by Qatargas.
What is the Iraq-Turkey oil pipeline dispute and who's on the hook?
An international arbitration ruling prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.
Axens HySWEET Technology selected by SPETCO International Petroleum Co. Kuwait and Jereh for the acid Gas Removal Units of two new Gas Treatment plants in Kuwait
Axens is supplying the process design packages for the gas treatment of two gas plants located in North Kuwait, which EPC are managed respectively by SPETCO and Jereh.
bp, ADNOC offer to buy 50% of Israel's NewMed Energy
bp and Abu Dhabi's state oil giant offered to jointly acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2-B.
Elliott Group announces opening of new service center in Saudi Arabia
Elliott Group is pleased to announce the opening of Elliott Gas Services Saudi Arabia (EGSSA), which is the product of a joint venture between Elliott and GAS Arabian Services.
Energean CEO says looking to increase Israel FPSO capacity
Gas producer Energean is looking at options to increase the capacity of its floating production storage and offloading (FPSO) vessel off Israel to 12 billion cubic meters (bcm) a year.
CERAWEEK: Bahrain explores constructing LNG export facility
Bahrain aims to slash domestic natural gas consumption under a plan to decarbonize its economy and is exploring ways to export the fuel to international markets.
ADNOC looks to raise up to $2 B from IPO of gas unit
Abu Dhabi National Oil Co (ADNOC) said it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 B and give ADNOC Gas an equity valuation of $47 B-$50.8 B.
Leviathan gas project partners approve $100 MM for expansion
Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 MM of spending on preparation for expansion that includes a floating liquefied natural gas (LNG) terminal off the coast of Israel.
IEEFA: Turmoil in global LNG markets is curbing long-term demand growth
Global liquefied natural gas (LNG) supplies are likely to remain tight through 2025, curbing demand growth in key Asian import markets. European LNG demand may remain strong in the short term, but will decline by 2030 as decarbonization and energy security policies take effect. Meanwhile, a wave of new LNG export capacity coming online later in the decade could create a mismatch between supply and demand, elevating financial risks for LNG suppliers and traders. The findings come from the new Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
ADNOC to float 4% of its gas business in IPO
Abu Dhabi National Oil Company (ADNOC) will sell 4% of its gas business in an initial public offering (IPO).
IEA convenes Special Ministerial on natural gas markets and actions to reinforce supply security
Some 40 countries will convene for a Special IEA Ministerial (International Energy Agency) on February 15 to review the state of natural gas markets and discuss actions to strengthen security of supply amid the global energy crisis.
Oman LNG inks deal to supply China's Unipec with 1 metric MMtpy of LNG
Oman LNG has agreed to supply China's Unipec with ~1 metric MMtpy of liquefied natural gas (LNG) per year for four years starting in 2025.
Canned sealless pumps for hazardous applications—Part 2
The oil and gas industry has many applications that are toxic or hazardous, where process fluid leakage is not permitted and leads to health, safety and environmental impacts. Caustic
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Firm building QatarEnergy-Exxon LNG plant in Texas (U.S.) files for bankruptcy
- Waste manager WM explores $3 billion sale of renewable natural gas unit
- Black & Veatch delivers feasibility study for Andes Energy LNG terminal
- Equinor's Hammerfest LNG plant outage extended
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell exits China power market businesses, renews focus on natural gas
- Youth climate-change lawsuit targets Alaska LNG project
- EU approves law to hit gas imports with methane emissions limit
- Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
