Middle East
Lebanon to Get Egyptian Gas via Pipeline in Plan to Ease Crisis
Egyptian natural gas will be piped to Lebanon via Jordan and Syria to help boost its electricity output under a plan agreed by the four governments on Wednesday to ease a crippling power crisis.
Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4
A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.
Global News September 2021
Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants, Two Arrested in Mountain Valley Pipeline Protest and more.
Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants
Egypt's petroleum minister and Israel's energy minister discussed "future plans" for Israeli gas to be liquefied at Egyptian natural gas liquefaction plants for re-export, the ministers said in a joint statement on Monday.
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?
- PG&E Reduces Emissions from Gas Pipelines by More Than 20%
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Spain's Tecnicas Reunidas, FCC to Build LNG Terminal Worth $1.1 Billion in Germany
- Canada Offers $26 Billion Green Tax Credits But Still Trails Behind US Incentives
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Permian In Spotlight as Energy Dealmaking Gathers Steam
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Colombia's Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
- Chad Nationalizes Exxon’s 621-Mile Pipeline as Dispute Over Asset Sale Escalates
