(Reuters, 16.Oct.2023) — Venezuela’s government and the country’s opposition will return to political negotiations, the two sides said on Monday, while sources said the United States has reached a preliminary deal to ease sanctions if President Nicolas Maduro follows through on a commitments related to a 2024 election. Maduro’s representatives […]
Category: Middle East
Expo City Dubai is the Venue for COP28
(UAE Embassy in the US, 12.Oct.2023) — The UAE will host the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) from November 30 to December 12, 2023 at Expo City Dubai to unite the world towards agreement on bold, practical and ambitious solutions to the most pressing […]
OPPO’s Commitment to Sustainability: Enhancing Product Durability and ESG ContributionÂ
(OPPO, 6.Oct.2023) — In an era where environmental consciousness is paramount, consumers are increasingly valuing the longevity and eco-friendliness of their tech products. OPPO, the global technology innovator, not only recognizes this shift in consumer priorities but is actively enhancing product quality to ensure lasting durability while minimizing environmental impact. With […]
Energy Industry Demonstrates Commitment to Decarbonising at ADIPEC 2023
(ADIPEC, 6.Oct.2023) — ADIPEC 2023 closed today, with the global energy industry delivering a clear message that it is united in its commitment to decarbonise and to fast-track the energy transition, while continuing to meet global energy needs. The event achieved a record-breaking attendance of over 184,000, the largest edition […]
ADNOC Inks Deals with 30 Companies for Local Manufacturing Opportunities
(ADNOC, 5.Oct.2023) — ADNOC announced new agreements with 30 companies for local manufacturing of critical non-oil products in its supply chain as it accelerates the decarbonization of its operations. The announcement was made at ADNOC’s 7th annual Business Partnership Forum held at ADIPEC, the world’s largest energy industry gathering taking […]
ADNOC Partners with EDGE to Use UAE-made Drones to Minimize Emissions
(ADNOC, 5.Oct.2023) — ADNOC announced a partnership with EDGE Group PJSC, one of the world’s leading advanced technology groups headquartered in Abu Dhabi, to deploy UAE-made unmanned aerial vehicles (UAVs), also known as drones, across its onshore and offshore operations. EDGE’s autonomous systems arm, ADASI, will repurpose its existing UAVs […]
Saipem Awarded Contract by ADNOC Worth $4.1bn
(Saipem, 5.Oct.2023) — Saipem, in consortium with National Petroleum Construction Company (NPCC), signed a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. Saipem’s share of the contract amounts to around $4.1bn. The project […]
ADNOC and Occidental to Advance Direct Air Capture Project in the UAE
(ADNOC, 3.Oct.2023) — ADNOC and Occidental announced an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States (US). Highlights: — Companies to jointly fund engineering study into first megaton direct air capture facility in the […]
Oxy, ADNOC to Commence Study of a DAC Facility in the UAE
(Oxy, 3.Oct.2023) — Occidental (NYSE: OXY) announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates. The Joint Study Agreement for the DAC facility, signed at the ADIPEC […]
Aramco Enters LNG Business by Buying Interest in MidOcean Energy
(Aramco, 28.Sep.2023) — Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500mn. MidOcean is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy […]
Aramco Enters Global LNG Business with $500mn Stake in MidOcean Energy
(Aramco, 28.Sep.2023) — Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500mn. Highlights: Aramco agrees to acquire a strategic minority stake in MidOcean Energy for $500mn, with option to increase size of shareholding […]
Over 40 Ministers and 120 CEOs to Address Energy Transition at ADIPEC 2023Â
(ADIPEC, 26.Sep.2023) — More than 40 ministers and 120 leading energy industry executives from across the world, will come together in Abu Dhabi for ADIPEC 2023, where they will demonstrate progress, share strategies and spark innovative solutions needed to accelerate decarbonisation and the energy transition. Hosted by ADNOC, ADIPEC 2023 is the […]
Petrobras Inks Biofuels Agreement
(Petrobras, 4.Sep.2023) — Petrobras has signed a memorandum of understanding with MIC Capital Partners (Brazil Strategic Opportunities), a multi-strategy equity investment fund of the Mubadala Capital Group, to develop studies covering future business in the downstream segment, with emphasis on evaluating Petrobras’ participation in a biorefining project. The Mubadala Capital […]
![IGU 2023 World LNG Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/07/igu-2023-rpt-cover.png)
IGU 2023 World LNG Report [PDF Download]
(IGU, 20.Jul.2023) — The International Gas Union (IGU) presented its 14th annual edition of the IGU World LNG report. ____________________
TotalEnergies, Aramco Complete Processing of oil from Plastic Waste
(TotalEnergies, 17.Jul.2023) — TotalEnergies, Aramco and SABIC have for the first time in the Middle East and North Africa successfully converted oil derived from plastic waste into ISCC+ certified circular polymers. The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery jointly owned […]
TotalEnergies, Aramco and SABIC Process Oil from Plastic Waste
(TotalEnergies, 17.Jul.2023) — TotalEnergies, Aramco and SABIC have for the first time in the Middle East and North Africa successfully converted oil derived from plastic waste into ISCC+ certified circular polymers. The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery jointly owned by […]
Tethys Provides Oman Production Update June 2023
(Tethys Oil, 17.Jul.2023) — Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in June 2023 amounted to 262,861 barrels of oil, corresponding to 8,762 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the […]
Aramco and TotalEnergies Award $11bn Deals for Amiral
(TotalEnergies, 24.Jun.2023) — Aramco and TotalEnergies awarded Engineering, Procurement and Construction (EPC) contracts for the $11bn “Amiral” complex, a future world scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi Arabia. A signing ceremony took place in Dhahran attended by Amin H. Nasser, Aramco President and CEO, […]
TGT Redefines Acoustics for Well Flow Diagnostics
(TGT, 21.Jun.2023) — TGT Diagnostics announced the launch of its latest acoustic platform, ChorusX, a new diagnostic resource specifically designed to locate and characterise flow in oil and gas wells. This all-new acoustic array platform enables energy companies to find and map fluid flow throughout the well-reservoir system with greater ease […]
Kapsarc Joins Efforts to Boost Global Dialogue
(KAPSARC, 21.Jun.2023) — The King Abdullah Petroleum Studies and Research Center (KAPSARC) announces its recent accreditation of observer status by the United Nations Environment Programme (UNEP), marking another significant milestone in its journey as a leading advisory think tank, actively participating in global dialogues pertaining to energy, climate, and the environment. […]
QatarEnergy Selects CNPC as NFE Partner
(QatarEnergy, 20.Jun.2023) — QatarEnergy signed definitive agreements with China National Petroleum Corporation (CNPC), covering the long-term supply of LNG to China and partnership in the North Field East LNG expansion project (NFE). The two parties signed an LNG Sales and Purchase Agreement (SPA) for the delivery of 4 million tons of LNG […]
Air Products’ Equipment Selected for North Field South Project
(Air Products, 12.Jun.2023) — Air Products (NYSE: APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, has been selected to provide its proprietary AP-X® LNG Process technology and equipment to Qatargas for the North Field South (NFS) Project in Ras Laffan, the State of Qatar. It includes the supply of two […]
Tethys Oil’s May 2023 Production Update
(Tethys Oil, 12.Jun.2023) — Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in May 2023 amounted to 278,831 barrels of oil, corresponding to 8,995 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month […]
QatarEnergy on First Korean LNG Vessel for Fleet Expansion
(QatarEnergy, 3.Jun.2023) — QatarEnergy celebrated the steel cutting of the first of its new generation of chartered liquefied natural gas (LNG) vessels to be constructed in a Korean shipyard. Building upon an already successful global maritime initiative, QatarEnergy joined Samsung Heavy Industries, and JP Morgan Asset Management in a special ceremony […]
QatarEnergy Awards EPC Contract for North Field South Project
(QatarEnergy, 16.May.2023) — QatarEnergy announces the award of the engineering, procurement, and construction (EPC) contract for the North Field South (NFS) project, which comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA). NFS, together with the North Field East (NFE) project, will increase […]
Technip Energies Awarded LNG Deal for the North Field South Project
(Technip Energies, 16.May.2023) — Technip Energies (Paris:TE) (ISIN:NL0014559478) announced that a joint venture (T.ENCCC JV), led by Technip Energies (T.EN) in partnership with Consolidated Contractors Company (CCC), has won a major (1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS). This award will cover the […]
![Saudi Aramco Reports 1Q:23 Earnings of $31.9bn [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/08/Aramco.jpg)
Saudi Aramco Reports 1Q:23 Earnings of $31.9bn [PDF Download]
(Saudi Aramco, 9.May.2023) — Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility. Aramco believes it is well positioned to withstand fluctuating commodity prices through its low-cost upstream production and strategically integrated downstream operations, and continued to deliver robust […]
![GECF Unveils 4th Annual Gas Market Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/05/qatar-agmr-2023.png)
GECF Unveils 4th Annual Gas Market Report [PDF Download]
(GECF, 5.Apr.2023) — The Gas Exporting Countries Forum (GECF) announced the launch of the fourth edition of its Annual Gas Market Report (AGMR). The report provides an in-depth analysis of natural gas markets, covering recent developments and providing prospects for 2023-2024. Eng. Mohamed Hamel, Secretary General of the GECF said: […]
Qatar Delivers First LNG Cargo to India’s Dhamra Terminal
(TotalEnergies, 17.Apr.2023) — TotalEnergies announces the delivery of a first liquefied natural gas (LNG) cargo to the Dhamra LNG terminal, located in the state of Odisha on the east coast of India and owned and operated by Adani Total Private Limited (ATPL), a 50-50 joint venture between TotalEnergies and Adani. […]
Agreement Between Iraq and TotalEnergies
(Total, 5.Apr.2023) — While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi government have, through exchanges in the past months, including in 4 occasions between Prime Minister Al-Sudani and Chairman & CEO Patrick PouyannĂ©, jointly defined the necessary conditions and mutual […]
Fitch Upgrades Saudi Arabia to ‘A+’; Outlook Stable
(Fitch Ratings, 5.Apr.2023) — Fitch Ratings upgraded Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘A+’ from ‘A’. The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Balance Sheet Strength Drives Upgrade: The upgrade of Saudi Arabia’s […]
![Global Gas Flaring Tracker Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/us-flaring-2023-source-the-world-bank.png)
Global Gas Flaring Tracker Report [PDF Download]
(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome reduction, greater and sustained efforts are needed to end this wasteful and polluting practice. The growing sense of urgency in tackling global gas flaring is […]
KAPSARC to Participate in CERAWeek by S&P Global 2023
(KAPSARC, 5.Mar.2023) — The Riyadh-based King Abdullah Petroleum Studies and Research Center (KAPSARC) will join the world’s energy industry leaders, experts, government officials and policymakers at the 41st annual CERAWeek by S&P Global, to be held from 6-10 March in Houston, Texas. KAPSARC is an affiliate partner of this year’s CERAWeek […]
TotalEnergies Acquires CEPSA’s Upstream Assets in Abu Dhabi
(TotalEnergies, 1.Mar.2023) — TotalEnergies signed an agreement with CEPSA to acquire CEPSA’s upstream assets in the United Arab Emirates with an effective date of 1 January 2023. The assets to be acquired are: a 20% participating interest in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel […]
Maha Energy Enters Deal with Mafraq Energy for Block 70 in Oman
(Maha, 30.Jan.2023) — Maha Energy AB, through its wholly-owned subsidiary Maha Energy (Oman) Ltd. and Mafraq Energy LLC have entered into a Joint Operating Agreement (“JOA”) for Block 70 in Oman, on 28 January 2023. The signature of the JOA, alongside the Governmental approval ratified by Royal Decree 74/2022 and […]
QatarEnergy Buys 30% Interest in Two Offshore Blocks in Lebanon
(QatarEnergy, 29.Jan.2023) — QatarEnergy entered into agreements with the Government of Lebanon, TotalEnergies and Eni to become a partner in two exploration blocks offshore the Republic of Lebanon. Pursuant to the terms of the agreements signed in Beirut today, QatarEnergy will hold a 30% working interest in the Exploration and […]
Lebanon: QatarEnergy Joins TotalEnergies and Eni on Two Exploration Blocks
(TotalEnergies, 29.Jan.2023) — TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The agreements were endorsed in Beirut on January 29, during a ceremony attended by His Excellency Dr. Walid Fayad, the Minister of Energy and Water […]
Eni and Partners Transfer 30% Interest in Lebanon Blocks to QatarEnergy
(Eni, 29.Jan.2023) — Eni and TotalEnergies have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The transfer agreement was signed, at the presence of the Prime Minister of Lebanon, Najib Mikati, by the Minister of Energy and Water […]
Oman: TotalEnergies is Rolling Out its Integrated Gas Strategy
(TotalEnergies, 20.Jan.2023) — In line with its growth strategy in gas and LNG, a fuel contributing to the energy transition, TotalEnergies announces the start of gas production from onshore Block 10 in the Sultanate of Oman as well as an agreement with Oman LNG for a long-term LNG purchase contract. […]
TAZIZ and Proman Ink Shareholders Agreement
(ADNOC, 19.Jan.2023) — Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and PROMAN AG, one of the world’s leading producers of methanol, have signed a shareholders’ agreement to develop the UAE’s first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Al Ruways Industrial City, Abu Dhabi. Highlights: […]
Qatari Minister Al-Kaabi on “Quest for Energy Transition”
(QatarEnergy, 14.Jan.2023) — His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said the world can’t solve its environmental and climate change problems without being realistic about the solution. His Excellency’s remarks came during an opening panel discussion of the […]
Riyadh to Host 44th IAEE International Conference 4-9 Feb. 2023
(KAPSARC, 14.Jan.2023) — The King Abdullah Petroleum Studies and Research Center (KAPSARC) and Saudi Association for Energy Economics (SAEE) are proud to host the 44th IAEE International Conference in Riyadh from 4-9 February 2023. For the first time, the IAEE is holding its prestigious annual international conference in the Middle […]
US Surges to Top of LNG Exporter Ranks on Breakneck Growth
(Bloomberg, 12.Jan.2023) — The US tied Qatar as the world’s top exporter of liquefied natural gas last year, a milestone for the meteoric rise of America as a major supplier of the fuel. Both countries exported 81.2 million tons in 2022, according to ship-tracking data compiled by Bloomberg. While that’s […]
QatarEnergy, Chevron Reveal FID for $6bn Petrochemical Complex in Qatar
(QatarEnergy, 8.Jan.2023) — QatarEnergy announced the Final Investment Decision (FID) with Chevron Phillips Chemical Company LLC (CPChem) to build the Ras Laffan Petrochemicals complex – a $6bn integrated olefins and polyethylene facility at Ras Laffan Industrial City. The announcement was made in Doha in a special ceremony during which His […]
Oman LNG Signs 3 Binding Term-sheet Agreements with Japan
(Oman LNG, 27.Dec.2022) — Oman LNG announced today the signing of binding sheet agreements with three (3) Japanese firms for the delivery of LNG, starting in 2025. ITOCHU Corporation, JERA Co., Inc. and Mitsui & Co, Ltd have become the latest beneficiaries of the Omani LNG for a total of […]
QatarEnergy Inks Deal with QPD for Offshore Developments
(QatarEnergy, 22.Dec.2022) — QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) have signed a new agreement for the continued development and production of the Al-Karkara and A-Structures oil fields, located in the territorial waters of the State of Qatar. This new 5-year agreement, which commences on 23 December 2022, succeeds […]
ADNOC L&S Inks Deal for Charter of LNG Floating Storage Unit with AG&P
(ADNOC, 21.Dec.2022) — ADNOC Logistics & Services (ADNOC L&S) and Atlantic Gulf & Pacific International Holdings (AG&P), a downstream LNG platform and infrastructure development company, have signed their third charter agreement to utilize Ghasha, an ADNOC L&S liquefied natural gas (LNG) carrier, as a Floating Storage Unit (FSU). Under the […]
Aramco and TotalEnergies to Build Saudi Petrochems Complex
(TotalEnergies, 15.Dec.2022) — The Saudi Arabian Oil Company (Aramco) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern […]
Deepening China-Arab Energy Cooperation Born of Win-win Scenarios
(CGTN, 9.Dec.2022) — The Arab countries located at the junction of Asia, Africa and Europe are universally renowned for their unique geographic location and abundant energy reserves. Energy cooperation, one of the main components of the China-Arab partnership, has steadily developed in recent years, with a deepening relationship born of numerous win-win achievements. Seventy percent […]
KAPSARC and CNPC Affiliate Ink Research and Innovation Deal
(KAPSARC, 6.Dec.2022) — On 6 December 2022, the King Abdullah Petroleum Studies and Research Center (KAPSARC), a leading Riyadh-based advisory think tank, signed a memorandum of understanding (MoU) with the Economics & Technology Research Institute (ETRI), a research institute affiliated with the China National Petroleum Corporation (CNPC), to foster cross-regional […]