Middle East
Russian Oil Producers Send CPC Blend to UAE, Open New Export Route
Russian oil producers supplied their first cargoes of CPC Blend crude to the United Arab Emirates (UAE) in August and September, four traders told Reuters, opening up a new export route as Moscow looks to find new customers and skirt Western sanctions.
U.S. Lawmakers Urge Biden to Revive Kurdistan Pipeline for Economic Relief
A new U.S. approach is needed to facilitate the re-opening of a pipeline between Iraq's northern semi-autonomous Kurdistan region and Turkey, a trio of U.S. congressmen urged President Biden in a letter seen by Reuters.
Sources: Disagreements Delay Russian Gas Hub Plans in Turkey
Russia's push to create a "gas hub" in Turkey to replace lost sales to Europe is facing delays because of disagreements over who should be in charge of it, two sources familiar with the project told Reuters.
EIA: Global Oil Stockpiles to Fall After Saudi Output Cut
Global oil inventories were expected to fall in the fourth quarter after Saudi Arabia extended output cuts this month, while U.S. crude production is forecast to rise more than previously thought, the Energy Information Administration said in a monthly report on Tuesday.
UAE's ADNOC to Proceed with Habshan Carbon Capture Project
The carbon capture, utilization, and storage (CCUS) project will have the capacity to capture and permanently store 1.5 million metric tons of carbon dioxide a year, ADNOC said in a statement.
Vitol CEO: Bunker Fuel Market to Convert to LNG in Next 10 Years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.
Black & Veatch Expects Floating LNG Capacity to More Than Quadruple by 2030
U.S.-based engineering and construction group Black & Veatch (B&V) said on Monday it expects global floating LNG capacity to increase more than four-fold to 46.4 million metric tons per annum (MTPA) by 2030, as they have become competitive with fixed terminals for smaller fields.
Israel, Cyprus and Greece Mull Energy Pacts to Tap Regional Gas
The leaders of Israel, Greece and Cyprus pledged to deepen their energy cooperation on Monday and explore ways to get East Mediterranean gas to Europe, as well as connect electricity grids.
Global News August 2023
Latest industry developments from around the world!
Oil Leak Detected in Iran's Pipeline Between Kharg Island and Genaveh Port
An oil leak has hit a transmission pipeline linking Iran's Kharg island to the country's mainland port of Genaveh, the semi-official Tasnim news agency reported on Sunday, without specifying the magnitude of the spill.
Iraq Oil Minister in Turkey to Discuss Resuming Northern Oil Exports
Iraq's oil minister Hayan Abdel-Ghani arrived in the Turkish capital Ankara to discuss several issues including the resumption of oil exports through the Ceyhan oil terminal, a source in the minister's office told Reuters on Monday.
China’s LNG Buyers Expand Trading After Adding More US, Qatari Contracts
China's LNG gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market.
Hungary to Receive LNG from Qatar Starting in 2027
Hungary can begin to receive shipments of LNG gas from Qatar in 2027, Hungarian Foreign Minister Peter Szijjarto told a news conference on Friday.
Abu Dhabi's ADNOC Gas Signs 5-Year LNG Supply Deal with Japex
The deal is valued at between $450 million to $550 million, ADNOC Gas said, without providing LNG volumes or timing for the shipments to start.
Dana Gas Receives $80 Million from Iraq's Kurdistan Region
United Arab Emirates energy firm Dana Gas said on Wednesday it had received $80 million from the Kurdistan Regional Government (KRG) in Iraq, which for over a decade has sometimes struggled to make payments on time.
ADNOC Gas Awards $3.6 Billion Contract to Expand UAE Gas Processing
State oil giant Abu Dhabi National Oil Company's gas unit, ADNOC Gas, said on Wednesday it awarded a $3.6 billion contract to expand its gas processing infrastructure in the United Arab Emirates.
India's GAIL Close to Finalizing Qatar LNG Purchase Deal
The deal would be part of GAIL's plans to lock in new supply contracts by 2030 to diversify its gas imports and hedge against supply disruptions like those seen after Russia's invasion of Ukraine last year, when LNG prices surged to a record high.
Israel Energy Minister Backs More Natural Gas Exports
Israel's energy minister said on Wednesday that more of the country's natural gas reserves should be earmarked for export, amid renewed interest in offshore exploration and an ongoing debate on whether the gas should be kept for domestic use.
India's ACME Group Gets $490 Million in Funding for Oman Project
Indian renewable energy company ACME Group said on Friday it raised $487.98 million in fresh funding from infrastructure finance firm REC, to start its green hydrogen and ammonia project in Oman.
Iraq Renews Deal to Supply Lebanon Up to 2 Million Tons of Crude for A Year
Iraq renewed its agreement to provide Lebanon with up to 2 million tons of crude oil for a year, Lebanese energy ministry said in a statement on Friday.
Global News July 2023
Latest industry developments from around the world!
Global Construction Update: LNG Markets, Resurgent China Kindle Pipeline Projects
(PGJ) — Global midstream markets continue to face near-term headwinds and economic uncertainties, but Europe’s rapid transition from Russian energy and projected higher demand in Asia continue to drive midstream expansion in those regions and others that supply them.
Riyadh, Tokyo to Cooperate on Energy Security, Hydrogen and Ammonia
Saudi Arabia said on Sunday it remains committed to securing oil supplies for Japan and will continue cooperating with Tokyo on clean hydrogen, ammonia, and recycled carbon fuels.
Indian Oil Signs Long Term LNG Import Deals with ADNOC LNG, TotalEnergies
Indian Oil Corp., the country's top refiner, has signed long-term LNG import deals with United Arab Emirates' s Abu Dhabi Gas Liquefaction Co. Ltd. (ADNOC LNG) and France's TotalEnergies.
Iraq-Iran Gas-for-Oil Barter Would Likely Violate US Sanctions
A barter of Iranian natural gas for Iraqi oil as described by the Iraqi prime minister this week would likely violate U.S. sanctions on Tehran unless the U.S. issued a waiver permitting it, three former U.S. officials said on Thursday.
Brent Oil Hovers Above $81 After Supply Disruptions
Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria.
Qatar Expects Record Volume of LNG Offtake Signings This Year
About 40% of new global LNG output will come from Qatar by 2029, said Minister of Energy Saad al-Kaabi at the LNG 2023 conference. The country last year approved expansion projects that will boost its LNG output by 64% to 126 million tons per year by 2027.
ADNOC Invests $1.34 Billion in 186-Mile Expansion of UAE Gas Pipeline Network
(P&GJ) — ADNOC Gas is set to revolutionize natural gas distribution in the Northern Emirates of the United Arab Emirates with an ambitious expansion plan, increasing its pipeline network by approximately 300 km (186 miles) from over 3,200 km (1,988 miles) to over 3,500 km (2,174 miles).
Engie Bets on Korean Demand with $7 Billion Oman Green Ammonia Project
The approximately $7 billion project will consist of five gigawatts of new wind and solar, an electrolyzer producing 200,000 tons of hydrogen each year, and dedicated hydrogen pipelines to bring the gas to an ammonia production plant near the port of Duqm.
Leviathan Partners in Israel to Invest $568 Million in Third Gas Pipeline
Partners in the Israeli offshore gas project Leviathan said on Sunday they would invest $568 million to build a third pipeline that will allow increased natural gas production and exports.
- 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
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions
