Middle East

Qatar Pledges $60 million to Pipeline from Israel to Gaza

Qatar coming on board publicly gives another boost to the project, which has a 2023 target date for completion.

Gas Pipeline to Gaza Might Provide a Lifeline, Steady Energy

Talks on a gas pipeline that would cross political fault lines and deliver reliable energy to the impoverished Gaza Strip have moved from the abstract to the concrete in recent weeks.

Pipeline to Link Leviathan Gas Field to Egypt LNG Plants

Israel and Egypt have agreed to build a pipeline to connect Israel's offshore Leviathan natural gas field to liquefied natural gas (LNG) terminals in northern Egypt, the Israeli minister said.

Saudi Aramco Prepares $10 billion Financing for Pipeline Business Buyers

Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, three sources said, as the oil giant seeks to extract value from its assets in an era of lower oil prices.

Russia's Litasco to Financially Help Iraq's Nassiriya Oilfield Double Output

The deal which was approved by the cabinet on Tuesday includes building a 100,000 bpd oil production facility and a 42 km oil pipeline.

Report: Flexible Pipe Technology Improvements Gaining Momentum Offshore in Middle East and Africa

ResearchAndMarket.com’s new report shows the MEA offshore pipeline market is expected to grow from about US $1.4 billion in 2019 to about $1.68 billion by 2027.

Future Looks Bright for LNG in Post-COVID-19 Era

The onset of COVID-19 caused a decline in gas demand of around 4% with a similar decline in the LNG trade. Most forecasts expect gas demand to recover in 2021 to pre-pandemic levels. But what happens thereafter?

Projects

Open Grid Europe Looks to Operate Gas Pipeline in March   Source: Zeelink Open Grid Europe is testing the recently completed $705 million (600 million euro) Zeelink gas pipeline with plans to make it operational, possibly as early as March 2021.   The 134..

Global News

Missile Attack on Saudi Distribution Plant Has Little Impact   Iran-aligned Houthi forces fired a missile that struck Aramco’s North Jeddah Bulk Plant, authorities said, but Saudi Aramco said its domestic fuel supplies were not affected.    Abdullah al-Ghamdi, manager of the North Jeddah plant, sa..

China’s Tarim Registers 30-mtpa Oil Equivalent Output for 2020

The Tarim Oilfield of China National Petroleum Corporation (CNPC), China’s leading oil and gas producer, saw its 2020 output surpass 30 million tonnes of oil equivalent.

Explosion Hits Gas Pipeline in Egypt’s Sinai, No Casualties

An explosion at a key natural gas pipeline in Egypt’‘s restive northern Sinai Peninsula caused a fire but no human casualties, a senior official said. He added the explosion will not affect the pipeline’‘s supply to el-Arish’s residential areas or an industrial zone in central Sinai.

Azerbaijan Starts Gas Exports to Russia-Dominated European Market

Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said , beginning its push into the lucrative energy market dominated by Russia.

Natixis Sees Deals from Gulf States Monetizing Oil Assets

Natixis expects oil-rich Gulf states to accelerate privatizations, including by extracting revenue from oil assets, with Saudi Arabia and possibly Oman as likely candidates for similar deals next year, the French bank’s regional head said.

Explosion Hits Gas Pipeline in Egypt’s Sinai

An explosion at a key natural gas pipeline in Egypt’s restive northern Sinai Peninsula caused a fire but no human casualties, a senior official told the Associated Press.

Abu Dhabi Pipeline Sale May Signal Gulf States Trend

Bankers expect oil-rich Gulf states to accelerate privatizations like Abu Dhabi's pipeline deal, with Saudi Arabia and possibly Oman as likely candidates for asset sales next year.

Iran Mostly Contains Fire after Landslide Hits Oil Pipeline

Firefighters have contained most of a blaze that broke out after a pipeline carrying crude oil to Iran’s second-largest refinery ruptured due to a landslide, the head of the state company in charge of oil pipelines said.

Oil Tanker Ablaze after Terrorist Attack Off Saudi Arabia Coast

Saudi Arabia said an oil tanker anchored at a Jeddah terminal was hit by an explosive-laden boat in what it called a terrorist attack, after shipping firm Hafnia said one of its tankers was struck by an "external source".

Rocket Attack Causes Fire at Oil Refinery in Northern Iraq

A rocket attack in northern Iraq hit a fuel storage tank at the Siniya refinery in Salahuddin province, causing a large fire to break out and briefly halting operations, the country's Oil Ministry said.

Saudi Aramco: Domestic Supplies Unaffected by Missile Attack

Saudi Aramco said on Tuesday its domestic fuel supplies had not been affected by an attack the previous day by Yemen's Houthi group on a petroleum products distribution plant in Jeddah, with operations resuming three hours after the event.

Yemen Rebels Claim attack on Saudi Oil Facility in Jiddah

Yemen's Houthi rebels said they struck a Saudi oil facility in the port city of Jiddah on Monday with a new cruise missile, just hours after the kingdom finished hosting its virtual Group of 20 leaders summit.

Islamic State Claims Responsibility for Sinai Pipeline Blast

A blast struck the Al Arish-Al Qantara natural gas pipeline in Egypt's Sinai Peninsula on Thursday, and Islamic state later claimed responsibility without giving evidence.

Blast Strikes Natural Gas Pipeline in North Sinai

A blast struck the Al Arish-Al Qantara natural gas pipeline in Egypt's Sinai Peninsula on Thursday, three witnesses told Reuters.

China Bullish on Myanmar’s Gas Reserves, Pipelines

After many years of brokering deals and planning, China has managed to cement its place as the sole buyer of Myanmar’s massive Shwe Gas reserves. A new trans-Burma corridor now aims to secure oil imports from the Middle East and Africa.

Global News

OPEC Predicts Oil Demand to Plateau in Late 2030s World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.  ..

Iran Says it Exports 700,000 bpd of Oil, Later Denies

An Iranian official said Tehran exported up to 700,000 bpd of oil since March, but an Iranian news agency later quoted him as casting doubt on the figure, which had been kept secret as the country fights U.S. sanctions.

Energy Leaders Leave Door Open to More Cuts as Virus Spikes

Saudi Arabia's energy minister said Monday that global energy producers have the ability to tweak an agreement on production cuts that could be extended through the end of 2022, signaling the anticipation of continued weakened demand for oil as the coronavirus pandemic peaks again in Europe and the United States

Gas Pipeline Blast in Southern Iraq Kills 3, Injures 51

At least three people were killed and more than 50 injured in a gas pipeline explosion near a militia camp in southern Iraq. Firefighters contained the fire after shutting down the gas line.

Brooge Energy Begins Preconstruction Work on Phase III Oil Storage Facility

Oil storage firm Brooge Energy has begun preconstruction work on Phase III of its storage facility outside the Straight of Hormuz in the United Arab Emirates.

Israeli Pipeline Company Signs Deal to Bring UAE Oil to Europe

Israeli pipeline company EAPC has signed a preliminary deal to transport oil from the United Arab Emirates to Europe via a pipeline connecting the Red Sea city of Eilat to the Mediterranean port of Ashkelon.

Islamic State Tells Supporters to Target Westerners, Oil Pipelines

An Islamic State spokesman called on the militant group's supporters to target westerners, oil pipelines and economic infrastructure in Saudi Arabia.