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.
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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.
UAE eyes first net-zero by 2050 goal among major Petrostates
The United Arab Emirates could become the first nation among the Organization of the Petroleum Exporting Countries (OPEC) to set a net-zero goal, a move that would please Western countries pushing for stronger climate commitments but won't require it to sell less oil.
Aberdeen-headquartered Centurion acquires Specialist Services for ‘growth platform’ in Middle East
Centurion Group has acquired UAE-based Specialist Services Group with hopes of major growth in the Middle East and beyond.
Majors queue up for Qatari LNG participation
Companies have made offers for double the amount of equity available in Qatar Petroleum’s (QP) North Field East (NFE) project.
Mubadala sells $273 million stake in Oil Search
Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded a A$363 million ($273 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector.
Aramco closes $12.4bn pipeline sale
Saudi Aramco has closed the $12.4 billion sale of a 49% stake in its pipelines unit, to a group led by EIG.
Saipem wins $510mn sour gas work in UAE
Saipem has won a $510 million contract from Adnoc for work to expand the existing Shah gas plant.
Proserv snaps up Dron & Dickson’s Middle East operations
Energy services firm Proserv has scooped up Dron & Dickson’s Middle East based trade and assets.
Aramco to sell $6bn of dollar-denominated Islamic bonds
Saudi Aramco, the world’s biggest energy company, is selling $6 billion of bonds in its first dollar-denominated Islamic bond sale.
Gastech 2021 moved to Dubai instead of Singapore on COVID worries
Gastech, one of the world's largest exhibitions and conferences focused on gas, liquefied natural gas (LNG), and hydrogen, will take place in Dubai, from 21-23 September 2021, instead of Singapore, as previously planned, due to COVID-19 uncertainties and travel restrictions.
Red flags for Malaysia’s Serba Dinamik amid finance probes
Serba Dinamik, one of Malaysia’s leading oil and gas service and equipment companies, has been put on a Rating Watch Negative (RWN) list by Fitch Ratings as the firm faces an investigation over unverified contracts.
Indonesia releases Iran oil tanker seized four months ago
Indonesia released on Friday an Iranian-flagged ship it had seized four months ago over suspected illegal transfer of crude oil, an Indonesian official and Iranian state media said on Saturday.
Technip Energies lands ‘significant’ contract in Kuwait
Technip Energies has won a “significant” project engineering and management contract for a series of projects in southern Kuwait.
Adnoc signs $744mn contract on Belbazem work
Adnoc has awarded a $744 million contract to the National Petroleum Construction Company (NPCC) for the full field development of the Belbazem offshore block.
