Middle East
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.
Israel approves extra gas exports, Leviathan field to be expanded
The partners in Israel's Leviathan gas field said on Wednesday they planned to invest up to $500 MM to expand its capacity after the government approved the export of more natural gas from its offshore fields to boost the economy.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
Aramco and Sempra announce Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2
Aramco and Sempra announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-yr sale and purchase agreement (SPA) for LNG offtake of 5 MMtpy from the Port Arthur LNG Phase 2 expansion project.
NPCC awards Amarinth another pump order at ADNOC’s Lower Zakum facility
Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment has again secured an order from NPCC for API 610 OH2 pumps destined for ADNOC’s Lower Zakum facility in the UAE.
Siemens Energy awarded $1.5-B Saudi energy supply contract
Siemens Energy is supplying key power plant technologies that will provide almost 4 GW to the Kingdom, and in addition has also entered a long-term maintenance contract for 25 years for the two power plants, with a total value of approximately $1.5 B.
Maximum fill volume in propane, butane and LPG pressurized storage tanks
This article details the maximum fill volume for propane, butane and LPG storage tanks at processing facilities.
Global Projects Data
This article provides a summary of active gas processing and LNG projects around the world, including total project numbers, and market share by region and activity level.
Global pipelines construction outlook 2024—Part 2
This article will provide a forecast on pipeline construction in Africa, Asia, Europe, Russia and the Commonwealth of Independent States (CIS), and the Middle East.
Technip Energies, JGC and NMDC Energy awarded a major contract for ADNOC’s Ruwais LNG project in the UAE
Technip Energies, leader of a joint venture with JGC and NMDC Energy, has been awarded a major contract (> €1 B in revenue) by ADNOC for the engineering, procurement and construction (EPC) of the lower-carbon Ruwais LNG project, located in Al Ruwais Industrial City, Abu Dhabi.
NextDecade, Saudi Aramco sign 20-yr LNG supply deal
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco to supply 1.2 metric MMtpy of LNG for 20 yr.
Wood to deliver 3-yr engineering contract with TotalEnergies in Iraq
Wood, a global leader in consulting and engineering, has been awarded a new $46-MM, 3-yr contract by TotalEnergies in Iraq.
QatarEnergy selects CPC as North Field expansion partner, signs 4 MMtpy LNG SPA for 27 years
QatarEnergy signed definitive agreements with CPC Corporation, Taiwan (CPC) covering the long-term supply of LNG to CPC and partnership in the North Field East (NFE) LNG expansion project.
Bangladesh's Summit LNG to send damaged FSRU to Singapore or Middle East for repairs
Bangladesh's Summit LNG said its floating storage and regasification unit (FSRU) was ready to discharge the liquefied natural gas (LNG) it had onboard before proceeding to Singapore or the Middle East for necessary repairs.
Egyptian fertilizer plants shut down temporarily due to gas supply pressures
Gas supplies will gradually resume flowing as of Thursday to fertilizer factories in Egypt after several chemical and fertilizer companies shut down plants on a temporary basis.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- ExxonMobil selects Chart Industries’ IPSMR® liquefaction technology for Mozambique LNG project
- 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
- U.S. LNG exports primed to jump as price arb to Europe opens wide
