Middle East
Egypt in talks with foreign companies over long-term LNG purchases
Egypt is in talks with U.S. and other foreign companies to purchase long-term volumes of LNG, as it seeks to cut its reliance on more costly spot market purchases to meet power demand.
ADNOC Gas signs 10-yr LNG SPA with India’s GAIL
ADNOC Gas has signed a 10-yr Sales and Purchase Agreement (SPA) with GAIL India Limited to supply up to 520,000 tpy LNG, starting in 2026. The SPA converts the previous Heads of Agreement between ADNOC Gas and GAIL, announced in January, into a definitive agreement.
ADNOC GAS to acquire 60% of Ruwais LNG from ADNOC, valued at $5 B
ADNOC Gas expects ADNOC to transfer its 60% share of the Ruwais LNG Project to the company at cost - estimated to be around $5 B - in the second half of 2028.
ADNOC secures 15-yr, 1-MMtpy sales and purchase agreement for Ruwais LNG project
ADNOC has signed the first long-term sales and purchase agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi.
Oman's OQ to list up to 49% stake in methanol, ammonia and LPG arm
Oman's OQ Base Industries, the methanol, ammonia and LPG arm of state-owned OQ, plans to list an up to 49% stake on the local stock exchange. The listing is part of a privatization program by state-owned energy group OQ to diversify its economy and cut its debt.
ADNOC, AIQ developing first-of-a-kind agentic AI solution for global energy transformation
ENERGYai will combine large language model technology with cutting-edge ‘agentic’ AI – AI ‘agents’ that are trained in specific tasks across ADNOC’s value chain. These specialized AI agents bring a new level of autonomy and precision to critical tasks, from seismic analysis to energy efficiency and real-time process monitoring.
U.S. elections pose bearish risk to global LNG markets
The upcoming U.S. election could pose a bearish risk to global natural gas markets, specifically liquefied natural gas (LNG), despite the anticipated limited near-term impact on domestic markets.
Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
Linde Engineering has signed an agreement with NEXTCHEM to provide carbon capture technology to ADNOC's Hail and Ghasha project. Located in the United Arab Emirates (UAE), the project is one of the world’s largest offshore sour gas developments and aims to operate with net zero emissions.
QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq
QatarEnergy, one of the world's top suppliers of liquefied natural gas (LNG), said on Monday it had agreed to take a 50% stake in TotalEnergies' 1.25-gigawatt solar project in Iraq.
Flare system design: Liquid pockets in flare headers
Flare and relief systems are the last line of defense against plant emergency overpressure and loss of containment. Therefore, the efficient design, management and maintenance of these systems are vital for safe operations throughout the lifecycle and operation of a plant.
LNG buyers call for more flexible supply to adapt to variable power demand
Japan and other top liquefied natural gas (LNG) buyers are calling for more supply flexibility to adapt to variable power demand.
Qatar LNG sales to key Asian markets confronted by U.S., UAE rivalry
Qatar is finding it hard to agree new deals to supply liquefied natural gas (LNG) to Japan and South Korea as rising competition from the U.S. and elsewhere with more flexible contract terms challenges Doha's decades-old dominance of the market.
Fewer tankers transit the Red Sea in 2024
The amount of crude oil and oil products flowing through the Bab el-Mandeb, the southern chokepoint at the mouth of the Red Sea, decreased by more than 50% in the first eight months of 2024.
TotalEnergies expands global LNG bunkering footprint
TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new LNG bunker vessel of 18,600 m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs.
The Gulf Energy Information Excellence Awards 2024 winners honored at live Houston gala
The 2024 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders.
NDT Global partners with Aramco to launch 56" ultrasonic inspection tool
NDT Global launched a 56" ultrasonic inline inspection tool, developed in collaboration to meet the inspection requirements of integrated oil and gas company Aramco.
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.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
