Middle East
Brookfield, BlackRock No Longer in Race For $10 billion Aramco Pipeline Stake
U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.
As Suez Canal Reopens, Number of LNG Vessels Waiting to Enter Jumps
A total of 16 vessels carrying liquefied natural gas (LNG) were prepared to enter the Suez Canal, double the number from Friday, according to cargo tracking firm Kpler, as stranded container ship Ever Given was freed on Monday after a nearly week-long stranding.
Suez Canal Steps Up Efforts to Remove Blockage as Shipping Rates Surge, Tankers Diverted
The Suez Canal stepped up efforts on Friday to free a giant stuck container ship and end a blockage that has sent shipping rates for fuel tankers soaring and disrupted global supply chains for everything from grains to baby clothes.
Saudi Aramco Sends Request for Pipeline Deal Financing
Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract value from its assets.
Subsea Pipeline Could Double Israeli Gas Exports to Egypt
A subsea pipeline that would connect Israel's Leviathan gas field to Egyptian liquefied natural gas (LNG) terminals could double Israel's gas export capacity to Egypt, the Israeli energy minister said.
Greek-Italian Venture Working with Israel on Gas Pipeline Plan
Greek-Italian gas joint venture IGI Poseidon said it had signed an agreement with the Israel Natural Gas Lines Company to cooperate on building facilities to connect Israel to a planned gas pipeline in the eastern Mediterranean.
Qatar Pledges $60 million to Pipeline from Israel to Gaza
Qatar coming on board publicly gives another boost to the project, which has a 2023 target date for completion.
Gas Pipeline to Gaza Might Provide a Lifeline, Steady Energy
Talks on a gas pipeline that would cross political fault lines and deliver reliable energy to the impoverished Gaza Strip have moved from the abstract to the concrete in recent weeks.
Pipeline to Link Leviathan Gas Field to Egypt LNG Plants
Israel and Egypt have agreed to build a pipeline to connect Israel's offshore Leviathan natural gas field to liquefied natural gas (LNG) terminals in northern Egypt, the Israeli minister said.
Saudi Aramco Prepares $10 billion Financing for Pipeline Business Buyers
Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, three sources said, as the oil giant seeks to extract value from its assets in an era of lower oil prices.
Russia's Litasco to Financially Help Iraq's Nassiriya Oilfield Double Output
The deal which was approved by the cabinet on Tuesday includes building a 100,000 bpd oil production facility and a 42 km oil pipeline.
Report: Flexible Pipe Technology Improvements Gaining Momentum Offshore in Middle East and Africa
ResearchAndMarket.com’s new report shows the MEA offshore pipeline market is expected to grow from about US $1.4 billion in 2019 to about $1.68 billion by 2027.
Future Looks Bright for LNG in Post-COVID-19 Era
The onset of COVID-19 caused a decline in gas demand of around 4% with a similar decline in the LNG trade. Most forecasts expect gas demand to recover in 2021 to pre-pandemic levels. But what happens thereafter?
Projects
Open Grid Europe Looks to Operate Gas Pipeline in March Source: Zeelink Open Grid Europe is testing the recently completed $705 million (600 million euro) Zeelink gas pipeline with plans to make it operational, possibly as early as March 2021. The 134..
Global News
Missile Attack on Saudi Distribution Plant Has Little Impact Iran-aligned Houthi forces fired a missile that struck Aramco’s North Jeddah Bulk Plant, authorities said, but Saudi Aramco said its domestic fuel supplies were not affected. Abdullah al-Ghamdi, manager of the North Jeddah plant, sa..
China’s Tarim Registers 30-mtpa Oil Equivalent Output for 2020
The Tarim Oilfield of China National Petroleum Corporation (CNPC), China’s leading oil and gas producer, saw its 2020 output surpass 30 million tonnes of oil equivalent.
Explosion Hits Gas Pipeline in Egypt’s Sinai, No Casualties
An explosion at a key natural gas pipeline in Egypt’‘s restive northern Sinai Peninsula caused a fire but no human casualties, a senior official said. He added the explosion will not affect the pipeline’‘s supply to el-Arish’s residential areas or an industrial zone in central Sinai.
Azerbaijan Starts Gas Exports to Russia-Dominated European Market
Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said , beginning its push into the lucrative energy market dominated by Russia.
Natixis Sees Deals from Gulf States Monetizing Oil Assets
Natixis expects oil-rich Gulf states to accelerate privatizations, including by extracting revenue from oil assets, with Saudi Arabia and possibly Oman as likely candidates for similar deals next year, the French bank’s regional head said.
Explosion Hits Gas Pipeline in Egypt’s Sinai
An explosion at a key natural gas pipeline in Egypt’s restive northern Sinai Peninsula caused a fire but no human casualties, a senior official told the Associated Press.
Abu Dhabi Pipeline Sale May Signal Gulf States Trend
Bankers expect oil-rich Gulf states to accelerate privatizations like Abu Dhabi's pipeline deal, with Saudi Arabia and possibly Oman as likely candidates for asset sales next year.
Iran Mostly Contains Fire after Landslide Hits Oil Pipeline
Firefighters have contained most of a blaze that broke out after a pipeline carrying crude oil to Iran’s second-largest refinery ruptured due to a landslide, the head of the state company in charge of oil pipelines said.
Oil Tanker Ablaze after Terrorist Attack Off Saudi Arabia Coast
Saudi Arabia said an oil tanker anchored at a Jeddah terminal was hit by an explosive-laden boat in what it called a terrorist attack, after shipping firm Hafnia said one of its tankers was struck by an "external source".
Rocket Attack Causes Fire at Oil Refinery in Northern Iraq
A rocket attack in northern Iraq hit a fuel storage tank at the Siniya refinery in Salahuddin province, causing a large fire to break out and briefly halting operations, the country's Oil Ministry said.
Saudi Aramco: Domestic Supplies Unaffected by Missile Attack
Saudi Aramco said on Tuesday its domestic fuel supplies had not been affected by an attack the previous day by Yemen's Houthi group on a petroleum products distribution plant in Jeddah, with operations resuming three hours after the event.
Yemen Rebels Claim attack on Saudi Oil Facility in Jiddah
Yemen's Houthi rebels said they struck a Saudi oil facility in the port city of Jiddah on Monday with a new cruise missile, just hours after the kingdom finished hosting its virtual Group of 20 leaders summit.
Islamic State Claims Responsibility for Sinai Pipeline Blast
A blast struck the Al Arish-Al Qantara natural gas pipeline in Egypt's Sinai Peninsula on Thursday, and Islamic state later claimed responsibility without giving evidence.
Blast Strikes Natural Gas Pipeline in North Sinai
A blast struck the Al Arish-Al Qantara natural gas pipeline in Egypt's Sinai Peninsula on Thursday, three witnesses told Reuters.
China Bullish on Myanmar’s Gas Reserves, Pipelines
After many years of brokering deals and planning, China has managed to cement its place as the sole buyer of Myanmar’s massive Shwe Gas reserves. A new trans-Burma corridor now aims to secure oil imports from the Middle East and Africa.
Global News
OPEC Predicts Oil Demand to Plateau in Late 2030s World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits. ..
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
