Middle East

Technip Energies Wins LNG Contract for QatarEnergy’s North Field South Project

(P&GJ) — This award will cover the delivery of 2 mega trains, each with a capacity of 8 MTPA of LNG. It will include a large CO2 carbon capture and sequestration facility of 1.5 MTPA, leading to a more than 25% reduction of greenhouse gas emissions when compared to similar LNG facilities.

Lebanon Strikes Deals to Get More Oil from Iraq

Baghdad has agreed to increase the volume of heavy fuel oil supplied under an existing deal by 50% to 1.5 million metric tonnes this year, Lebanon's energy minister Walid Fayad said in a statement confirmed by the Iraqi prime minister's office.

Saudi Arabia and Netherlands Agree to Collaborate on Green Energy

Saudi Arabia and the Netherlands on Thursday signed a memorandum of understanding to collaborate on the development of green energy and hydrogen.

Iraq Asks Turkey to Resume Northern Oil Export Pipeline

Iraq has sent an official request to Turkey to restart oil export flows through a pipeline that runs from the semi-autonomous Kurdistan Region in northern Iraq to the Turkish port of Ceyhan.

Sources: Aramco in Talks with Sinopec, TotalEnergies for $10 Billion Gas Deal

Saudi Arabian oil giant Aramco is in a "listening phase" on proposals from refining giant Sinopec Corp. and French oil major TotalEnergies for a slice of a shale gas development project worth about $10 billion, two sources with knowledge of the matter said on Tuesday.

Global News May 2023

Latest industry developments.

US Confiscates Iran Oil Cargo on Tanker Amid Tehran Tensions

The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanction’s enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm.

Oman Hydrogen Options Include New Pipelines, Underground Storage

(P&GJ) — Oman is gearing up its efforts to attract international investment into developing hydrogen hubs in the country, including an extension of its bid submission deadline for its first site auction for green hydrogen projects.

Azerbaijan's January-March Oil Exports Via BTC Pipeline Rise 9%

Azerbaijan's oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey were up by 9.0% year-on-year in the first three months of this year at 7.244 million tonnes, the State Statistics Committee said on Monday.

Iraq's Northern Oil Exports Stuck on Turkey Negotiations

Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after an arbitration case ruled Ankara owed Baghdad compensation for unauthorized exports.

Biden's Subdued Reaction to OPEC+ Cuts Foreshadows Economic Slowdown, Carries Risk

When OPEC+ made a surprise decision earlier this month to cut oil production, President Joe Biden responded with the political equivalent of a shrug – a far cry from his declaration that there would be “consequences” for Saudi Arabia, the de facto head of the oil cartel, when it lowered output in October.

Iraq Petitions US Court to Enforce Oil Export Arbitration Award Against Turkey

Iraq has petitioned a U.S. federal court to enforce an arbitration award against Turkey related to Iraqi oil exports through a pipeline to a Turkish port, according to documents filed with the court.

China's Sinopec to Take Stake in Qatar's North Field LNG Project

The state-owned Chinese gas giant will take a 5% stake in the equivalent of one North Field East LNG train with capacity of 8 million tonnes per year, a QatarEnergy statement said.

G7 Climate Ministers Drop Language on Growing LNG Demand in Draft

Climate ministers of the Group of Seven countries have backtracked for now on earlier language touting growing future demand for LNG, instead noting there may be "considerable uncertainty" for consumption.

Libya's Mellitah Oil Reopens Gas Well in Mediterranean

Libya's National Oil Corp. announced on Saturday the reopening of a gas well operated by Mellitah Oil and Gas Company on its Sabratha Platform in the Mediterranean Sea.

QatarEnergy Awards LNG Contract to Baker Hughes for North Field South Gas Project

(P&GJ) — Baker Hughes has been awarded a contract from QatarEnergy to supply two main refrigerant compressors for the North Field South project, which will be executed by Qatargas. The project will boost Qatar’s LNG production capacity from 110 million to 126 million tons by 2027.

US Official: White House Got 'Heads Up' on OPEC Cut Plans, Disagreed with Move

The Biden administration told Saudi Arabia officials that it disagreed with OPEC’s surprise decision to cut oil production when it was given a ‘heads up’ on the move, John Kirby, coordinator for strategic communications at the National Security Council, told reporters on Monday.

Sources: Baghdad Agrees to 30% Stake in TotalEnergies $27 Billion Iraq Energy Project

Baghdad has reached an agreement to hold a 30% stake in TotalEnergies long-delayed $27 billion Iraq project, three sources told Reuters on Tuesday, reviving a deal that Baghdad hopes could lure back foreign investment into the battered country which craves stability.

Baghdad, Erbil Sign Deal to Restart Northern Oil Exports

Turkey stopped pumping about 450,000 b/d of Iraqi crude through a pipeline from the Fish-Khabur border area to its Ceyhan port on March 25 after Iraq won an arbitration case.

Global News April 2023

US LNG exports hit record as Freeport production returns, Granholm says refilling US strategic petroleum reserve could take years, EU Nations seek legal option to stop Russian LNG imports, Oil firms halt or cut output in Iraqi Kurdistan, and more!

Iraq to Ask Turkey to Restart Northern Oil Exports After Initial KRG Deal

Iraq's federal government and the Kurdistan Regional Government (KRG) have reached an initial agreement to restart northern oil exports this week, a KRG spokesman said on Sunday, and Baghdad will write to Turkey to request a resumption in pipeline flows.

Explainer: What Is the Iraq-Turkey Oil Pipeline Dispute and Who's on the Hook?

An international arbitration ruling on March 23 prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.

Oil Firms Halt or Cut Output in Iraqi Kurdistan After Pipeline Closure

Producers have shut in or reduced output at several oilfields in the semi-autonomous Kurdistan region of northern Iraq following a halt to the northern export pipeline, company statements showed, with more outages on the horizon.

QatarEnergy Picks Up Stakes from Exxon in Canadian Offshore Blocks

Qatar's state-owned energy company on Wednesday signed a deal to acquire from Exxon Mobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.

BP, ADNOC Offer to Buy 50% of Gas Producer NewMed Energy for $2 Billion

BP and Abu Dhabi's state oil giant ADNOC on Tuesday offered to jointly acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, making their entry into Israel's growing energy sector.

MOL Group Receives 617,000 Barrels of Crude Via the Adria Pipeline

(P&GJ) — MOL Group said this shipment constitutes well-to-wheel integration of its value chain as it will process and sell petroleum products refined at one of its own refineries using crude oil produced at a field it co-owns.

Iraqi Kurdistan Region's Oil Output at Risk After Turkey Halts Pipeline Exports

Oil production in Iraq's semi-autonomous Kurdistan region (KRI) is at risk after a halt in northern exports has forced firms operating there to divert crude to storage, where capacity is limited.

Oman's OQ Seeks Bookrunners for Gas Pipelines IPO, Sources Say

Oman's OQ Gas Network, the pipelines business of the sultanate's state oil giant OQ, has invited banks to pitch for bookrunner roles in its planned initial public offering (IPO), two sources close to the matter told Reuters.

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.