Middle East
US to Release Oil from Reserves; OPEC+ Rebuffs Call for More Crude
The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers repeatedly ignored calls for more crude.
Blast Hits Oil Pipeline in Southern Iran, No Casualties – TV
An oil pipeline in southern Iran exploded on Wednesday, Iran's state TV reported on Wednesday, citing aging infrastructure as the reason for the blast.
Supplies of Egyptian Gas Expected in Lebanon by Early 2022
Egypt is expecting to begin exporting 60-65 million cubic feet of gas per day to Lebanon by early next year, Egyptian Petroleum Minister Tarek El Molla said on Tuesday.
Scrap UAE Pipeline Deal Over Oil Risks to Red Sea, Israeli Minister Says
Israel's energy minister said on Tuesday a deal with partners from the United Arab Emirates to transport oil from the Gulf to Europe via Israel should be cancelled as it was too much of an environmental risk.
Global News November 2021
In this month's global headlines, US Supreme Court Refuses Stay Request for Spire Missouri Pipeline, Summit Midstream Settles Criminal Pollution Charges for $36 Million and more.
Iraq Oil Ministry Says Pipeline to Jordan Needs to Cost Under $9 Billion
The Iraqi oil ministry said on Wednesday the cost of a long-planned oil pipeline to Jordan's Aqaba port city should be brought under $9 billion for the project to go ahead.
Israeli Pipeline Group EAPC Indicted Over 2014 Oil Spill
Israeli state-owned energy group Europe Asia Pipeline Company was indicted on Tuesday over a 2014 oil spill that severely damaged a desert nature reserve, the country's Justice Ministry said.
Taliban Assure Turkmenistan of Gas Pipeline Commitment, Security
Afghanistan's Taliban-appointed government has told Turkmenistan it would ensure the completion and security of the TAPI gas pipeline which Ashgabat is building in hope of opening up new markets.
Biden Pushes G20 Energy Producing Countries to Boost Production
With oil and gas prices surging, some energy-producing countries such as Russia and Saudi Arabia have not boosted output enough to satisfy countries that are largely energy consumers and worry about energy shortages and inflation.
Syria and Jordan Reach Deal Over Electricity Transfer to Lebanon
Lebanon, Syria and Jordan have reached a deal to transfer electricity to Lebanon which is suffering an acute energy crisis, ministers from the three neighboring countries said.
Turkmenistan Officials Due in Afghanistan as Taliban Back TAPI Gas Pipeline
Officials from Turkmenistan will visit Kabul this week to discuss continuing work on the TAPI pipeline linking the energy-rich Central Asian country through Afghanistan to Pakistan and India.
US Reassures Lebanon Gas Supplies Through Syria to be Shielded from Caesar Law
Lebanese Energy Minister Walid Fayad said U.S. mediator Amos Hochstein has assured him that participants in the project to supply Lebanon with Egyptian gas will be shielded from the Caesar Syria Civilian Protection Law.
Saudi Aramco Taps Banks for $12-14 Billion Gas Pipeline Loan
Saudi Aramco has asked banks to arrange a loan expected to be in the $12 billion-$14 billion range that it plans to offer to buyers of its gas pipeline network, sources said, as the oil giant advances plans to raise funds from asset sales.
Jordan Aims to Supply Lebanon with Electricity by Year-End -Minister
Under an agreement recently announced, Egypt will supply natural gas to Lebanon via a pipeline that passes through Jordan and Syria to help boost Lebanon's electricity output.
Egypt Close to Finalizing Arrangements for Gas Supplies to Lebanon
Under an agreement announced last month, Egypt will supply natural gas to Lebanon via a pipeline that passes through Jordan and Syria to help to boost Lebanon's electricity output.
Syria Says Gas Pipeline at Deir Ali Power Station Resumes After Islamic State Attack
The gas pipeline at the Deir Ali power station has returned to operation after completion of repairs, the Syrian Ministry of Oil announced on Saturday, according to Syrian state TV.
Lebanon to Get Egyptian Gas via Pipeline in Plan to Ease Crisis
Egyptian natural gas will be piped to Lebanon via Jordan and Syria to help boost its electricity output under a plan agreed by the four governments on Wednesday to ease a crippling power crisis.
Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4
A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.
Global News September 2021
Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants, Two Arrested in Mountain Valley Pipeline Protest and more.
Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants
Egypt's petroleum minister and Israel's energy minister discussed "future plans" for Israeli gas to be liquefied at Egyptian natural gas liquefaction plants for re-export, the ministers said in a joint statement on Monday.
Three Workers Killed in Iran Pipeline Gas Leak Blast
An explosion caused by a gas leak at a pipeline pumping station killed three workers and injured four in southwestern Iran on Tuesday, Iranian state media reported.
Oman State Energy Firm OQ May Sell Drilling Business
Oman state energy company OQ is considering selling its drilling unit Abraj Energy Services, sources said, as the Gulf nation seeks to shore up its finances that have been hit by the coronavirus pandemic and last year's oil price plunge.
Saudi Aramco Extends $10 Billion Loan on Improved Terms, Sources Say
Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi Arabia's financing needs in an era of lower oil prices, in addition to a public sale of a minority stake in the company and the recent leasing of some of its pipeline assets for $12.4 billion.
EIG-Led Consortium Closes $12.4 Billion Aramco Pipelines Deal
U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco's pipelines business for $12.4 billion.
Israel to Exempt Oil Pipeline from Environmental Regulations
The Israeli National Infrastructure Committee plans to exempt the Europe Asia Pipeline Company (EAPC) from considering an environmental impact survey for its installation in Ashkelon, Israeli newspaper Haaretz reported.
Energy Majors Bid for Qatar LNG Project Despite Lower Returns
Six top western energy firms are vying to partner in the vast expansion of Qatar’s liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.
Abu Dhabi's Mubadala Joins EIG-Led Consortium Buying Aramco Pipeline Stake
Abu Dhabi state investor Mubadala said on Tuesday it has joined a consortium led by U.S.-based EIG Global Energy Partners that had agreed to buy a 49% equity stake in Aramco Oil Pipelines Co.
Fire Breaks Out at Tehran Oil Refinery
A huge fire broke out at an oil refinery in the southern part of the Iranian capital Tehran due to a pipeline leak, Iranian state media reported, saying there were so far no reports of casualties.
Iran Starts Pumping Oil into Goreh-Jask Pipeline
The National Iranian Oil Company (NIOC) will soon begin transferring oil through the Goreh-Jask pipeline, which runs from the Goreh oil terminal in the Bushehr Province to Jask oil terminal along the Gulf of Oman.
Jordan Says Fire in Four Oil Pipelines Put Out
A fire in four oil pipelines that feed Aqaba refinery has been put out, Jordan's state news agency said on Thursday.
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- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
