Shell, TotalEnergies in talks for stakes in Adnoc LNG plant
Adnoc is expected to make a final investment decision on the Ruwais LNG export project as soon as next month.
Middle East
Oil & Gas Middle East
Oil prices unphased by Iran’s assault on Israel as Brent turns lower
Oil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
All Middle East Posts
Kurdistan terminates two Genel licences
Kurdistan has issued a notice to Genel Energy that it intends to terminate licences on Bina Bawi and Miran.
ADNOC dishes out $187milion contract to boost capacity at Al Nouf oilfield
ADNOC Group has dished out a $187million contract to boost capacity at the Al Nouf onshore oilfield in the UAE.
Aramco in advanced talks on $25bn Reliance deal
Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd.’s oil refining and chemicals business, people with knowledge of the matter said.
US sanctions Omani businessman for Iranian oil smuggling
The US government has sanctioned an Omani businessman for his participation in oil smuggling for Iran, with the proceeds going to destabilise the region.
Vantage wins Qatar work for rigs
Vantage Drilling has won work offshore Qatar for two rigs, Sapphire Driller and Aquamarine Driller, beginning in 2022.
Saudi Aramco follows Big Oil rivals with surge in profits
Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices.
Iran’s rapid oil comeback looks less likely after tanker attack
Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by last week’s deadly drone attack on a tanker in the Gulf of Oman, which the US, UK and Israel all blamed on Tehran.
UK blames Iran for deadly attack on tanker
The UK has accused Iran of being behind an attack on a tanker offshore Oman on July 29 and is working with partners on a response.
Proserv to provide control systems at Majnoon
Proserv Controls has won a “significant contract” to provide wellhead control panels (WHCPs) to the Basra Oil Co. (BOC), at Iraq’s Majnoon oilfield.
Iran opens Hormuz bypass with Jask terminal
Iran has opened a new export terminal in Jask, in the south of Iran, allowing it to bypass the Straits of Hormuz.
Alfa Laval settles with US over trade with Iran
Alfa Laval has settled a complaint from the US about exporting storage tank cleaning units to Iran.
Schlumberger and Halliburton win big as ADNOC dishes out $764million unified contract
ADNOC has dished out a unified drilling contract worth $763.7million, with Schlumberger and Halliburton landing sizeable shares.
TotalEnergies exits Kurdistan with ShaMaran sale
ShaMaran Petroleum has struck a deal to buy an 18% stake in the Sarsang licence, in Kurdistan, from TotalEnergies.
Qatar bolsters Korea LNG exports
Qatar Petroleum (QP) has struck yet another LNG supply deal, agreeing to export 2 million tonnes per year to Korea Gas Corp. for 20 years.
Qatar signs 15-year LNG supply pact with Taiwan
Qatar Petroleum will supply 1.25 million tonnes per year of liquefied natural gas (LNG) to Taiwan’s CPC Corporation for 15 years. Qatar Petroleum said yesterday that LNG deliveries will start in January 2022. Since the first LNG delivery in March 2006, CPC has received more than 63 million tonnes of LNG from Qatar.
Iraq says BP and Lukoil want to sell down oil stakes
BP Plc and Russia’s Lukoil PJSC want to sell down their assets in Iraq, according to the country’s oil minister.
Lifting of Iran sanctions to spark fight for oil market share in Asia
The expected return of Iranian oil to the market as US sanctions are likely to be lifted over the next year will offer new opportunities for former buyers in Asia to reshuffle their oil import mixes. Significantly, the return of Iranian barrels will trigger a fierce battle among global suppliers for market share raising the risk of price drops, reported Fitch Solutions.
QP raises blockbuster $12.5bn to support LNG expansion
Qatar Petroleum (QP) has raised $12.5 billion through a bond sale, in order to finance its North Field East (NFE) project.
Genoil signs up for Chinese-backed Omani refinery
A small US-listed company has signed an agreement to develop a $2.4 billion refinery in Oman’s Port of Duqm.
Qatar signs deal with Shell to supply more LNG to China
Qatar Petroleum is set to supply another 1 million tonnes per year (t/y) of liquefied natural gas (LNG) to China after signing a 10-year contract with Shell. The deal brings Qatari LNG supplies to China under long-term deals to 12 million t/y.
IFC signs off on Shell-backed BGC flare work in Iraq
The International Finance Corp. (IFC) has arranged a $360 million for Basrah Gas Co. (BGC), which will be one of the largest gas flaring reduction schemes in the world.
WATCH: Canadian rigs fly business class to Oman
A Canadian company has loaded two well service rigs onto an Antonov AN-124 to carry them to Oman.
Hunting clinches ‘sizeable’ order for oil recovery procedure that relies on microbes
Oilfield service firm Hunting said today it had clinched its first sizeable order for a pioneering technology that uses microbes to increase hydrocarbon production.
Pakistan bags $4.5bn loan for LNG and oil imports
State-owned Pakistan State Oil, Pak-Arab Refinery and Pakistan LNG will receive a $4.5 billion loan to fund imports of crude, petroleum products, urea and LNG over 2021-2023.
Stena to drill offshore Israel for Energean
Energean has signed up a rig from Stena Drilling to work on up to five wells offshore Israel.
