Middle East
Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
Algeria's Sonatrach and Saudi Arabia's Aramco have raised official selling prices (OSPs) for liquefied petroleum gas (LPG) in October by around 3%–4% from September due to limited supply on the global market.
QatarEnergy LNG awards McDermott EPCI contract for NFS Offshore Pipelines and Cables Project
McDermott has been awarded an engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG for the North Field South (NFS) Offshore Pipelines and Cables Project.
Sanctioned tanker with LNG cargo passes via Suez Canal
The Pioneer tanker, sanctioned by the U.S. over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo.
Turkey's Botas in talks with Iran's national gas company for long-term supply
Turkish state energy company Botas said on Wednesday that it had held talks with Iran's national natural gas company NIGC for the long-term supply of natural gas from Iran to Turkey.
TotalEnergies signs LNG supply agreements with BOTAŞ and CNOOC
In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies has announced the signing of a heads of agreement (HoA) with BOTAŞ for the delivery of 1.1 MMtpy of LNG for ten years starting from 2027, and a 5-year extension of its sales and purchase agreement (SPA) with CNOOC for the delivery of 1.25 MMtpy of LNG to China until 2034.
LNG contracting off to a great start in 2024
Long-term LNG contracting activity is off to a strong start in 2024. Since the beginning of the year, 58 MMtpy of LNG SPAs (sales purchase agreements), capacity agreements and Heads of Agreements (HOAs) have been signed. This follows over 94 MMtpy of new LNG SPAs and HOAs agreed upon last year.
Saudi Aramco wants to be a major LNG gas player, gas chief says
The world's largest oil producer, Saudi Aramco, wants to become a major LNG player, the head of its natural gas business said on Tuesday.
Saipem wins $4-B contract from QatarEnergy for North Field expansion to fuel LNG expansion
Italian energy engineering group Saipem has won an offshore contract worth $4 B from QatarEnergy to boost production at QatarEnergy's North Field offshore natural gas field, which lies off the northeastern coast of Qatar.
Thailand's PTT signs 5-yr LNG deal with Oman LNG
Thailand's largest energy firm, state-controlled PTT, has signed a 5-yr deal to buy liquefied natural gas (LNG) from Oman.
Aramco to up stake in EIG's MidOcean to 49%, fund new stake in Peru LNG
Saudi Aramco will increase its stake in liquefied natural gas (LNG) firm MidOcean Energy to 49% and fund its acquisition of a new 15% stake in Peru LNG from Hunt Oil Company.
ADNOC signs heads of agreement with Indian Oil for Ruwais LNG project
ADNOC has signed a long-term heads of agreement (LNG agreement) with Indian Oil Corp. Ltd. (IndianOil), India’s largest integrated and diversified energy company, for the delivery of 1 metric MMtpy of liquefied natural gas (LNG).
China’s Hudong-Zhonghua Shipyard to build six new QC-Max LNG vessels for QatarEnergy
QatarEnergy has signed an agreement today with China State Shipbuilding Corp. (CSSC) for the construction of six additional state-of-the-art QC-Max vessels, bringing the total number of LNG vessels on order under its fleet expansion program to 128, including 24 QC-Max mega vessels.
QatarEnergy inaugurates its first conventional-size LNG vessel
QatarEnergy has inaugurated the first conventional-size LNG vessel under its historic shipbuilding program. The Rex Tillerson was named after the former Chairman and CEO of ExxonMobil as a tribute to his life-long accomplishments in the energy sector.
Turkey's Botas buying 4 Bm3y of LNG from Shell in 10-year deal
Turkish state energy company Botas and British oil major Shell have signed a 10-year LNG agreement for a total of 40 LNG cargoes of approximately 4 Bm3 to be delivered annually for a period covering 10 years starting from 2027.
Egypt counts on foreign funds to buy gas as power crisis worsens
Saudi Arabia and Libya have financed the purchase of gas cargoes worth at least $200 MM to help Egypt ease its energy crisis this summer amid a steep decline in domestic gas output.
ADNOC deploys pioneering AI-enabled process optimization technology
Following successful initial operations, ADNOC announced the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology--Neuron 5--across all ADNOC facilities across thousands of critical pieces of equipment essential for production, including compressors, valves and generators.
Qatar strikes another 15-yr LNG supply deal with Kuwait
Qatar agreed to supply Kuwait with 3 MMtpy of LNG for 15 years, as Kuwait imports the fuel to help meet rising demand for power generation.
GAS Entec and AG&P to build strategic LNG terminal in Kingdom of Jordan
Leading LNG Infrastructure company GAS Entec with its group company AG&P and local partners Issa Haddadin, together referred to as the consortium, has been awarded a contract to build Sheikh Sabah Al-Ahmad Al-Jaber Al Sabah onshore regasification LNG terminal at the Port of Aqaba in the Kingdom of Jordan.
ADNOC, PETRONAS and Storegga to collaborate on offshore carbon capture and storage in Malaysia
PETRONAS, ADNOC and Storegga announced the signing of a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide emissions storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia.
ADNOC Gas announces record Q2 net income of $1.19 B
ADNOC Gas plc and its subsidiaries announced strong financial results for Q2 2024, posting an adjusted net income of $1.19 B, a 21% year-on-year improvement exceeding market expectations.
ADNOC signs long-term HOA with Osaka Gas for Ruwais LNG Project
ADNOC announced the signing of a long-term Heads of Agreement with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 800,000 tpy of LNG.
Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
This strategic expansion aims to increase Oman's LNG production capacity to 15.2 MMtpy
Iran to receive 300 MMm3d of Russian gas
Iran will receive 300 MMm3d (millions of cubic meters per day) of Russian gas. Russian energy giant Gazprom signed a memorandum in June with the National Iranian Gas Company to supply Russian pipeline gas to Iran.
SNAM making progress on Ravenna FLNG project (Italy)
Works are proceeding according to schedule on Ravenna's offshore regasifier, which will land 8.5 km from Punta Marina at the end of the year, and become operational in the first quarter of 2025.
Shell's bet on gas boom takes shape with string of deals
Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
Global LNG trade increased more than 1.6 Bcf/d in 2023
LNG trade increased 3.1% globally in 2023 to average 52.9 Bcft/d, an increase of 1.6 Bcf/d from 2022, according to a report from the International Group of Liquefied Natural Gas Importers (GIIGNL).
Shell, TotalEnergies, bp, Mitsui & Co. take 10% stakes in ADNOC's Ruwais LNG project
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has met with the heads of global energy companies to exchange views on the future of the energy sector and the UAE's commitment to ensuring a sustainable future through the adoption and implementation of latest innovations, as well as the pursuit of international collaboration.
ADNOC's Ruwais LNG to earmark 40% stake to Shell, Total, bp, Mitsui
Abu Dhabi National Oil Co. (ADNOC) has earmarked a 40% stake in its Ruwais liquefied natural gas (LNG) project to four energy majors: Shell, TotalEnergies, bp and Japan's Mitsui.
Aramco’s strategic gas expansion progresses with $25 B in contract awards
Aramco has awarded contracts worth more than $25 B to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
