Middle East
Kazakhstan's KMG Starts Shipping Oil Via Caspian Sea to BTC Pipeline
Kazakhstan's state Kazmunaigaz (KMG) has started shipping oil to the BTC (Baku-Tbilisi-Ceyhan) pipeline in Azerbaijan, three sources familiar with the matter told Reuters, as it seeks alternatives to exporting via Russian ports.
Azerbaijan's January-February 2023 Oil Exports Via BTC Pipeline Rise 6.9% from 2022
Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey were up by 6.9% in January-February 2023 from a year earlier at 4.6 million tonnes, the State Statistics Committee said on Friday.
Bahrain Explores Constructing LNG Export Facility
Bahrain aims to slash domestic natural gas consumption under a plan to decarbonize its economy and is exploring ways to export the fuel to international markets, the chairman of the kingdom's energy company said.
Oman's Abraj Signs Oil Drilling, Extraction Deal with Chevron, Kuwait Gulf Oil Company
Oman's Abraj Energy Services said on Saturday it had signed a five-year 'strategic partnership deal' with Kuwait Gulf Oil Company and Saudi Arabian Chevron to extract and drill for oil in Kuwait.
Abu Dhabi's ADNOC Looks to Raise Up to $2 Billion from IPO of Gas Unit
State oil giant Abu Dhabi National Oil Co. (ADNOC) said on Thursday it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 billion and give ADNOC Gas an equity valuation of $47 billion to $50.8 billion.
Sources: Abu Dhabi's ADNOC to Float 4% of Gas Business
Sources told Reuters last month that ADNOC was eyeing a valuation of at least $50 billion for its gas business, which would translate to proceeds from the IPO of roughly $2 billion, according to Reuters calculations.
BlackRock-led Investors in Aramco Pipelines to Get $4.5 Billion in Bond Sale
BlackRock Inc-led investors in Saudi Aramco's gas pipeline network are set to raise $4.5 billion from a sale of bonds to refinance a multibillion-dollar loan that backed their stake purchase, a bank document showed on Feb. 9.
China's CNPC Set to Seal Mega Qatari LNG Deal
China National Petroleum Corp. (CNPC) is close to finalizing a deal to buy LNG from QatarEnergy over nearly 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of the matter said.
Italy's Ansaldo Energia Signs $171 Million Gas Turbine Deal in Azerbaijan
Ansaldo Energia has signed a deal worth more than $170.88 million with Azerbaijan's largest electrical power producer Azerenerji to sell four gas turbines, the Italian service provider for the power generation industry said.
Italy to Sign Gas Turbines Contract with Azerbaijan
Italy is set to sign a new contract to sell four gas turbines to Azerbaijan, its industry minister said on Saturday ahead of his visit to the Asian country that is one of Rome's most important energy partners.
Kazakhstan Delays BTC Pipeline Start-Up Amid Force Majeure at Ceyhan Terminal
Kazakhstan's state energy company Kazmunaigaz has postponed the start of oil exports from the giant Tengiz oilfield via the Baku-Tbilisi-Ceyhan pipeline after BP Azerbaijan declared force majeure on oil loadings from Ceyhan, four market sources said on Friday.
Germany in Advanced Talks with Oman for Natural Gas Supplies
Germany and Oman are in advanced talks to sign a long-term deal for LNG lasting at least 10 years as Berlin continues its search for alternatives to Russian fuel supplies, three sources familiar with the matter said.
Oman LNG Agrees to Supply China's Unipec with 1 Million Tonnes of LNG Per Year
Oman LNG has agreed to supply China's Unipec with around 1 million metric tonnes of LNG per year for four years starting in 2025, state news agency ONA said on Tuesday. Unipec is the trading arm of Asia's largest refiner, Sinopec.
BP Azerbaijan Declares Force Majeure on Crude Loadings from Turkey's Ceyhan Port
BP Azerbaijan declared force majeure on Azeri crude shipments from the Turkish port of Ceyhan on Feb. 7, a company spokesperson confirmed on Wednesday. The notice was issued to oil shippers following a temporary suspension of loading operations from the Ceyhan Marine Terminal.
CEO: Aramco Trading Is Trading About 6 MMbbl/d of Crude, Products
Aramco Trading's chief executive on Tuesday said the company was currently trading 6 million barrels per day (MMbbl/d) of crude and products. Saudi Aramco and other Middle East oil producers stepped up their trading efforts as a way to boost income after the 2014 collapse in oil prices.
India's Petronet Seeks More LNG Under Long-Term Qatar Deal
Petronet LNG, India's top gas importer, will seek up to 1 MTPA in additional LNG supplies when it renews its long-term deal with Qatar, the company's CEO said on Tuesday. Petronet, which is currently purchasing LNG from Qatar at $16 per million British thermal unit, has until the end of this year to renew its deal.
Iran Signs $900 Million Deal to Develop Offshore Gas Field
Under the contract, IOEC is to launch production of 28 million cubic meters per day of gas in 14 months, which is to be sent to installations in Assalouyeh on Iran's Gulf coast via a 210-km (130-mile) undersea pipeline.
Pakistan Could Start Importing Russian Oil After March
Russia could start exporting oil to energy-starved Pakistan after March if terms are agreed and is discussing with Islamabad whether payment could be made in the currencies of "friendly" countries, Russia's energy minister said on Friday.
Qatar, UAE Energy Ministers Say Gas Will Be Needed for Long Time
The world will need natural gas for a long time and more investment is required to ensure supply security and affordable prices during the global energy transition, the energy ministers of Qatar and the United Arab Emirates said on Saturday.
Germany in Talks with Iraq Over Possible Gas Imports
Germany is in talks with Iraq over the possibility of importing natural gas from the oil-rich country, Chancellor Olaf Scholz said on Friday, as Berlin scrambles to diversify its energy sources to replace a drop in Russian fossil fuel shipments.
Global Pipeline Construction Outlook 2023
(P&GJ) — Seldom has a new year arrived with the degree of supply and demand uncertainty facing global energy markets at the start of 2023. Pipeline & Gas Journal's annual survey of global construction activity reflects a renewed emphasis on energy security after Russia's invasion of Ukraine.
Hungary to Start Talks with Qatar About Buying LNG
Hungary and Qatar have agreed that their state-owned energy companies will start talks about Hungary buying LNG from the Gulf Arab state, Foreign Minister Peter Szijjarto said in a Facebook video on Wednesday.
ConocoPhillips, QatarEnergy to Supply Germany with LNG Starting in 2026
Germany is set to receive new flows of Qatari LNG from 2026 after QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period.
Israel's NewMed Energy Leaning Towards Floating LNG Expansion
Israel's NewMed Energy said on Thursday it was leaning towards building a floating liquefied national gas terminal to further develop its Leviathan gas field off Israel's Mediterranean coast.
Qatar Signs 27-Year Deal with China as LNG Competition Heats Up
QatarEnergy has signed a 27-year deal to supply China's Sinopec with LNG, the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals.
Two New Natural Gas Reservoirs Discovered in Bahrain
Bahrain has announced two natural gas discoveries in the Al-Joubah and Al-Jawf reservoirs, state news agency BNA said on Tuesday.
Israel, Lebanon Set Maritime Boundaries on Path to Offshore Production
Lebanon and Israel have finalized a U.S.-brokered deal that sets maritime boundaries for the first time, clearing a path for more offshore gas production and infrastructure development in the Eastern Mediterranean.
QatarEnergy Expanding in LNG, Won't Divert Supplies to Europe
QatarEnergy is working to expand its gas production and trading operations as global demand surges and will not divert LNG contracted with Asian buyers to Europe this winter, CEO Saad al-Kaabi said on Tuesday.
NPCC to Build $548 Million Pipeline Offshore Abu Dhabi
Abu Dhabi National Oil Company has awarded a $548 million contract to National Petroleum Construction Company (NPCC) to build a new 85-km (53-mile) gas pipeline at its Lower Zakum field offshore of Abu Dhabi.
Kazakhstan Plans to Sell Crude Oil Via Azeri Pipeline to Bypass Russia
Kazakhstan is expected to sell some of its crude oil through Azerbaijan's biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with the matter said.
- Repsol Ditches Plans to Develop LNG Terminal on Canada’s East Coast
- Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price
- Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill
- US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress
- Ukraine to Jointly Buy Gas with European Union Countries
- Company Cancels Byhalia Connection Pipeline Project
- US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT
- EIA: US Natural Gas Output to Hit Record High in 2023, Demand to Fall
- US Regulator Orders Lower Pressure on Keystone Pipeline System After Spill
- US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
