Middle East

Three Workers Killed in Iran Pipeline Gas Leak Blast

An explosion caused by a gas leak at a pipeline pumping station killed three workers and injured four in southwestern Iran on Tuesday, Iranian state media reported.

Oman State Energy Firm OQ May Sell Drilling Business

Oman state energy company OQ is considering selling its drilling unit Abraj Energy Services, sources said, as the Gulf nation seeks to shore up its finances that have been hit by the coronavirus pandemic and last year's oil price plunge.

Saudi Aramco Extends $10 Billion Loan on Improved Terms, Sources Say

Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi Arabia's financing needs in an era of lower oil prices, in addition to a public sale of a minority stake in the company and the recent leasing of some of its pipeline assets for $12.4 billion.

EIG-Led Consortium Closes $12.4 Billion Aramco Pipelines Deal

U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco's pipelines business for $12.4 billion.

Israel to Exempt Oil Pipeline from Environmental Regulations

The Israeli National Infrastructure Committee plans to exempt the Europe Asia Pipeline Company (EAPC) from considering an environmental impact survey for its installation in Ashkelon, Israeli newspaper Haaretz reported.

Energy Majors Bid for Qatar LNG Project Despite Lower Returns

Six top western energy firms are vying to partner in the vast expansion of Qatar’s liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.

Abu Dhabi's Mubadala Joins EIG-Led Consortium Buying Aramco Pipeline Stake

Abu Dhabi state investor Mubadala said on Tuesday it has joined a consortium led by U.S.-based EIG Global Energy Partners that had agreed to buy a 49% equity stake in Aramco Oil Pipelines Co.

Fire Breaks Out at Tehran Oil Refinery

A huge fire broke out at an oil refinery in the southern part of the Iranian capital Tehran due to a pipeline leak, Iranian state media reported, saying there were so far no reports of casualties.

Iran Starts Pumping Oil into Goreh-Jask Pipeline

The National Iranian Oil Company (NIOC) will soon begin transferring oil through the Goreh-Jask pipeline, which runs from the Goreh oil terminal in the Bushehr Province to Jask oil terminal along the Gulf of Oman.

Jordan Says Fire in Four Oil Pipelines Put Out

A fire in four oil pipelines that feed Aqaba refinery has been put out, Jordan's state news agency said on Thursday.

Galaxy Pipelines Look to Expand Gas Pipeline Network in Abu Dhabi

Despite climate change, and uncertain futures for both demand and supply, some financial investors have become enthusiastic about gas pipelines.

Med Red Land Bridge Inaugurates Operations Through EAPC Pipeline Network

The crude carrier contracted with Med-Red Land Bridge Company represents the first tanker to utilize the recently recommissioned 242 km (150 mi) pipeline owned by Europe Asia Pipeline Company.

Aramco Pipeline Investors to Refinance Loan with Bonds Next Year

EIG will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramco’s oil pipeline assets, two sources said.

Brookfield, BlackRock No Longer in Race For $10 billion Aramco Pipeline Stake

U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.

As Suez Canal Reopens, Number of LNG Vessels Waiting to Enter Jumps

A total of 16 vessels carrying liquefied natural gas (LNG) were prepared to enter the Suez Canal, double the number from Friday, according to cargo tracking firm Kpler, as stranded container ship Ever Given was freed on Monday after a nearly week-long stranding.

Suez Canal Steps Up Efforts to Remove Blockage as Shipping Rates Surge, Tankers Diverted

The Suez Canal stepped up efforts on Friday to free a giant stuck container ship and end a blockage that has sent shipping rates for fuel tankers soaring and disrupted global supply chains for everything from grains to baby clothes.

Saudi Aramco Sends Request for Pipeline Deal Financing

Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract value from its assets.

Subsea Pipeline Could Double Israeli Gas Exports to Egypt

A subsea pipeline that would connect Israel's Leviathan gas field to Egyptian liquefied natural gas (LNG) terminals could double Israel's gas export capacity to Egypt, the Israeli energy minister said.

Greek-Italian Venture Working with Israel on Gas Pipeline Plan

Greek-Italian gas joint venture IGI Poseidon said it had signed an agreement with the Israel Natural Gas Lines Company to cooperate on building facilities to connect Israel to a planned gas pipeline in the eastern Mediterranean.

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.