Hungary’s MOL has secured tanker shipments from multiple suppliers and increased crude imports via the Adriatic pipeline as the Druzhba pipeline outage continues to disrupt refinery operations in Hungary and Slovakia.
Aramco Trading has signed a 20-year agreement to purchase 1 MMtpy of LNG from the Commonwealth LNG export project in Louisiana, adding commercial momentum as the Gulf Coast facility advances toward FID.
China’s Offshore Oil Engineering and Saipem have secured a $4 billion contract from QatarEnergy LNG to build two offshore compressor platforms in the North Field, advancing Qatar’s massive LNG expansion program.
Worley has secured a detailed engineering contract for QatarEnergy LNG’s CO₂ sequestration project in Qatar, a carbon capture initiative designed to permanently store 4.3 million tonnes of CO₂ per year.
DNO is weighing whether to join an agreement that would reopen pipeline exports of Kurdistan crude to Turkey, a move that could lift realized prices after years of local sales following a prolonged shutdown.
QatarEnergy has secured a decades-long LNG supply agreement with Japan’s largest power generator, reinforcing long-term gas flows into Asia as competition among global suppliers intensifies.
EIG Global Energy is exploring a new fund structure to extend its ownership of Saudi Aramco’s oil pipeline assets, signaling continued investor interest in long-term Gulf pipeline infrastructure.
Oman is planning a 248-mile hydrogen pipeline network to connect green hydrogen production sites with industrial hubs and export terminals as part of its long-term clean energy strategy.
Kuwait is preparing a multibillion-dollar pipeline stake sale as Gulf states increasingly open midstream and infrastructure assets to foreign investors amid lower oil prices.
Syria and Jordan have signed a new gas supply agreement that will move up to 140 million cubic feet per day of natural gas through Jordanian infrastructure to help stabilize Syria’s power grid amid ongoing shortages.
Libya has signed a 25-year oil development agreement with TotalEnergies and ConocoPhillips, committing more than $20 billion in foreign investment to boost long-term production capacity and strengthen export infrastructure tied to the Waha system, according to government officials.
TotalEnergies and Bapco Energies have launched BxT Trading, a Bahrain-based joint venture focused on trading petroleum products and expanding Middle East market access.
Iraq’s oil exports are averaging 3.6 million barrels per day in January, with shipments from Kurdish fields contributing to flows after exports to Turkey resumed through the Ceyhan corridor.
ADNOC Gas has signed a $3 billion, 10-year LNG supply agreement with Hindustan Petroleum, expanding long-term gas exports to India and reinforcing Asia’s role in the company’s LNG growth strategy.
Iran now has the largest volume of crude ever stored at sea, as sanctions, shipping bottlenecks and weaker Chinese buying reshape global oil flows.
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