Middle East
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. ..
Iran Says it Exports 700,000 bpd of Oil, Later Denies
An Iranian official said Tehran exported up to 700,000 bpd of oil since March, but an Iranian news agency later quoted him as casting doubt on the figure, which had been kept secret as the country fights U.S. sanctions.
Energy Leaders Leave Door Open to More Cuts as Virus Spikes
Saudi Arabia's energy minister said Monday that global energy producers have the ability to tweak an agreement on production cuts that could be extended through the end of 2022, signaling the anticipation of continued weakened demand for oil as the coronavirus pandemic peaks again in Europe and the United States
Gas Pipeline Blast in Southern Iraq Kills 3, Injures 51
At least three people were killed and more than 50 injured in a gas pipeline explosion near a militia camp in southern Iraq. Firefighters contained the fire after shutting down the gas line.
Brooge Energy Begins Preconstruction Work on Phase III Oil Storage Facility
Oil storage firm Brooge Energy has begun preconstruction work on Phase III of its storage facility outside the Straight of Hormuz in the United Arab Emirates.
Israeli Pipeline Company Signs Deal to Bring UAE Oil to Europe
Israeli pipeline company EAPC has signed a preliminary deal to transport oil from the United Arab Emirates to Europe via a pipeline connecting the Red Sea city of Eilat to the Mediterranean port of Ashkelon.
Islamic State Tells Supporters to Target Westerners, Oil Pipelines
An Islamic State spokesman called on the militant group's supporters to target westerners, oil pipelines and economic infrastructure in Saudi Arabia.
ADNOC to Divest 20% Stake in Gas Pipeline Assets
ADNOC has announced a 20% sale of its gas pipeline assets to the Abu Dhabi Pension Fund and a regional holding company, ADQ.
Azerbaijan's SOCAR Says Oil and Gas Infrastructure is Safe
State-owned Azeri energy firm SOCAR said on Tuesday that the country's oil and gas infrastructure was safe from the current military conflict taking place in the Nagorno-Karabakh region.
U.S. Tightens Waiver for Iraq Gas Imports from Iran
The United States has extended a sanctions waiver that enables Iraq to continue importing gas from Iran but this time granting a significantly shorter waiver period, Iraqi officials and the U.S. State Department said Thursday.
UAE, Israel Discuss Pipelines, Infrastructure for Gas Exports to Europe
The energy ministers of the United Arab Emirates and Israel discussed possible cooperation and investment opportunities, including natural gas exports to Europe, in a video call on Wednesday, an Israeli statement said.
East Mediterranean States Formally Establish Egypt-Based Gas Forum
Six Mediterranean countries signed a charter on Tuesday to formally establish a group that seeks to boost natural gas exports from the region.
Pipeline Conference To Explore Germany’s Hydrogen Grid
Join the inaugural Pipeline Opportunities Conference – EMEA (POC-EMEA) from your home or office on September 17 and gain insight into the ongoing challenges operators and service companies face in the region.
Terrorists Blamed for Pipeline Blast in Syria
An explosion on a main gas pipeline traversing the Middle East caused a blackout across Syria on Monday. Government officials said it was the result of a terrorist attack.
Kuwait's KIPIC Starts Operation of Gas Line Feeding Al-Zour
Kuwait Integrated Petroleum Industries Co (KIPIC) has begun operating the gas line that will feed its long-delayed Al-Zour refinery, state news agency KUNA said on Tuesday.
Israel Approves Pipeline Deal to Sell Gas to Europe
Israel has approved an agreement with European countries to build the Eastmed pipeline to supply gas to Europe from the eastern Mediterranean.
Iran's Oil Storage Almost Full as Sanctions, Pandemic Weigh
As U.S. sanctions and the coronavirus pandemic take its toll on Iran, the country has been forced to cut back its oil production due to a decreasing amount of storage.
UAE’s BPGIC to Expand Storage Facilities
The United Arab Emirates’ Brooge Petroleum and Gas Investment Co (BPGIC) said on Wednesday that it was moving ahead with its oil storage expansion plans as there has been a limited impact from the coronavirus pandemic on the company's operations.
Abandoned Oil Tanker off Yemen Coast at Risk of Exploding
An abandoned oil tanker less than four miles off the Yemeni coast is at risk of exploding releasing more than a million barrels of crude oil into the Red Sea according to UN officials.
Investors Raise $7.96 Billion Loan for ADNOC Pipeline Deal
A group of investors has signed a nearly $8 billion loan to help finance a $10 billion gas pipeline investment with the state-owned Abu Dhabi National Oil Company.
Iraq Agrees on Deeper Output Cuts in June — Sources
Iraqi officials said the country has agreed with the operators of its major oil fields to comply with production cuts agreed upon by OPEC+ earlier this month.
Bidders for ADNOC Gas Pipelines in Talks for $8 Billion Loan: Sources
U.S.-based Global Infrastructure Partners is heading a consortium of buyers looking for up to $8 billion in financing to invest in ADNOC natural gas pipeline assets.
Iran: 'Terrorist' Attack on Gas Pipeline Halts Exports to Turkey
Iran said on Tuesday its natural gas exports to Turkey have stopped after an attack on a pipeline inside the neighboring country
Saudi Arabia Plans to Boost Oil Exports to 10.6 Million Bpd from May
Saudi Arabia is planning to increase its oil exports to 10.6 million bpd beginning in May.
UAE's SNOC Gas Project Startup Delayed
UAE's SNOC has announced that it's Mahani gas project startup is being delayed by 2 months due to the coronavirus pandemic.
BlackRock Withdraws Bid for ADNOC Gas Pipeline Assets — Sources
Sources report that investment firm BlackRock has dropped out of the bidding for ADNOC's gas pipeline assets.
Saudi Aramco Launches Largest Shale Gas Development Outside U.S.
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive Officer Amin Nasser told Reuters on Monday.
Qatar Delays Natural Gas Partnership Expansion Amid Price Collapse — Sources
Qatar has delayed choosing Western partners for the world’s largest liquefied natural gas project by several months after surprising the industry with a big expansion plan despite a collapse in global gas prices, four sources said.
Israel's Leviathan Gas Group Seeks Partners to Expand
The energy companies that own Israel's offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deep water, a CEO from the group said.
- 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
