(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching its strategic plan for 2023-27; US Secretary of State Antony Blinken welcoming resumption of Venezuelan-led negotiations in Mexico City between the ruling party and opposition […]
Category: Middle East
ConocoPhillips and QatarEnergy to Provide Reliable LNG Supply to Germany
(ConocoPhillips, 29.Nov.2022) — ConocoPhillips (NYSE: COP) and QatarEnergy signed two agreements to supply long-term liquefied natural gas (LNG) to Germany. The suppliers are joint venture companies established between ConocoPhillips and QatarEnergy to participate in the North Field East (NFE) and North Field South (NFS) projects, and the buyer is a […]
![Gaming Out the Proposed Price Cap on Russian Oil: KAPSARC [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/About-Kapsarc-Header.jpg)
Gaming Out the Proposed Price Cap on Russian Oil: KAPSARC [PDF Download]
(KAPSARC, 21.Nov.2022) — In a June 29, 2022, communique, the G7 countries agreed to explore ways to impose a price cap on Russian oil exports. The main mechanism would be a ban on the provision of insurance, logistics and financial services by G7 nations for cargoes sold above the price […]
QatarEnergy, Sinopec Ink 27-year 4 MTPA LNG Supply Deal to China
(QatarEnergy, 21.Nov.2022) — QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA) of LNG to the People’s Republic of China. Under the terms of the SPA, the contracted LNG volumes will be […]
KAPSARC 4Q:22 Oil Market Outlook (KOMO)
(KAPSARC, 21.Nov.2022) — Highlights from KAPSARC‘s fourth quarter of 2022 Oil Market Outlook (KOMO) follow. Declining gross domestic product (GDP) growth in Q4 2022 will add downward pressure to the underlying seasonality of oil demand trends in several countries, playing an important role in oil demand declines this quarter. OECD […]
Saudi Arabia, Led By The Crown Prince And New Prime Minister, Is Greening Up
(Forbes, 18.Nov.2022) — With oil production at 11 million bpd (barrels per day) Saudi Arabia is the second top oil producer – a country of population only 35 million. The US is the top producer at over 12 million bpd and a population of 350 million. Russia comes in third. […]
QatarEnergy Takes $8.5bn FID on World’s Largest Polymers Facility
(QatarEnergy, 16.Nov.2022) — QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) announced that they have taken a Final Investment Decision (FID) on the Golden Triangle Polymers Plant, an $8.5bn world-scale integrated polymers facility in the Texas Gulf Coast area in the United States of America. Located about 180 kilometers east […]
QatarEnergy, Qatargas Celebrate 30,000th Shipment from Ras Laffan
(Qatargas, 16.Nov.2022) — Marking a historic milestone for the State of Qatar’s energy industry, QatarEnergy and Qatargas celebrated the safe and successful loading of the 30,000th Ship from Qatargas-operated terminals in Ras Laffan Port. The LNG cargo was loaded on board the Qatargas-chartered Q-Max LNG carrier “Mekaines.” Commenting on this occasion, […]
Govt Policies Needed to Debunk Misconceptions: KAPSARC Head Says
(KAPSARC, 25.Oct.2022) — Renewable energy costs will not be cheaper anytime soon, cautioned Fahad Alajlan, President of Riyadh-based advisory think tank, the King Abdullah Petroleum Studies and Research Center (KAPSARC), at the fifteenth Singapore International Energy Week (SIEW). Speaking during the panel session, “Mobilising Greener Financing for Energy Infrastructure,” on 25 […]
TotalEnergies Announces Startup of Al Kharsaah (800 MWp)
(QatarEnergy, 18.Oct.2022) —The Al Kharsaah solar power plant developed by TotalEnergies and its partners QatarEnergy, and Marubeni was inaugurated today by His Highness Sheikh Tamim bin Hamad Al Thani. The ceremony marked the completion of the construction works and the startup of the plant, which is now connected to the […]
Iran Starts Refining its Oil in Venezuela: Minister
(Xinhua, 17.Oct.2022) — Iranian Petroleum Minister Javad Owji said on Sunday that Iran has started refining its crude oil in Venezuela, SHANA news agency affiliated to his ministry reported. Iran had started processing some 100,000 barrels per day of its crude in Venezuela’s El Palito refinery, Owji was quoted by […]
Qatargas-chartered-Q-Flex LNG Vessel Calls at China’s Beihai LNG Terminal
(Qatargas, 16.Oct.2022) — Qatargas Operating Company Limited has delivered a liquefied natural gas (LNG) cargo aboard a Q-Flex vessel to China’s Beihai LNG Terminal, the first ever call by a Qatargas-chartered vessel at this terminal. The Q-Flex vessel, Al Sahla, is the largest LNG carrier to call at the terminal […]
![OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/opec-header-africa.jpg)
OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]
(Energy Analytics Institute, 12.Oct.2022) — The Organization of Petroleum Exporting Countries (OPEC) now forecasts oil demand to dip below 100 million barrels per day (MMb/d) in 2022 owing a lower global economic forecast amid ongoing uncertainties and rising challenges impacting major economies. OPEC forecasts oil demand to reach 99.7 MMb/d […]
TotalEnergies Signs E&P PSA for Onshore Oman Block 11
(TotalEnergies, 16.Sep.2022) — TotalEnergies, along with its partners, has signed an Exploration and Production Sharing Agreement (EPSA) with the Ministry of Energy and Minerals (MEM) of the Sultanate of Oman in the onshore Block 11. The first stage of the EPSA activities will see seismic acquisition in late 2022, with […]
Iraq: TotalEnergies Sells Interest in Sarsang Oil field
(TotalEnergies, 15.Sep.2022) — TotalEnergies completed the divestment of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $155mn. An […]
ADNOC and Eni Exploring Options to Boost Gas Supply
(Eni, 12.Sep.2022) — His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Abu Dhabi National Oil Company (ADNOC) Managing Director and Group CEO, and Claudio Descalzi, Eni‘s Chief Executive Officer, met in Abu Dhabi today to discuss the progress of the company’s activities in […]
Air Products to Provide Heat Exchangers for Qatar NFE LNG Project
(Air Products, 25.Aug.2022) — Air Products (NYSE: APD), a leader in liquefied natural gas (LNG) technology and equipment, has been awarded the contract to supply four end flash coil wound heat exchangers (CWHE) for the North Field East LNG Project in Ras Laffan Industrial City, Qatar. One of the end flash CWHE’s will be […]
OPEC+ Deepens Support for Saudi Call to Weigh Supply Curbs
(Bloomberg, 24.Aug.2022) — OPEC’s united front on possible action grew stronger, as more nations endorsed Saudi Arabia’s view that supply curbs may be needed to stabilize world oil markets. Within 48 hours of comments from Saudi Arabian Energy Minister Prince Abdulaziz bin Salman that OPEC might have to curtail production, fellow […]
KAPSARC: Investment Challenges Affecting the Oil and Gas Industry
(Energy Analytics Institute, 22.Aug.2022) — Research Lead Hamid M. Al Sadoon and and Research Fellow Julio Arboleda with the King Abdullah Petroleum Studies and Research Center (KAPSARC) recently wrote in a research report that the “unprecedented oil price collapse of April 2020, in the wake of a fall of more […]
Eni Makes Significant Gas Find Offshore Cyprus
(Eni, 22.Aug.2022) — Eni announces a significant gas discovery in the Cronos-1 well drilled in Block 6, 160 km off Cyprus coastline, in 2,287 meters of water depth. The Block is operated by Eni Cyprus holding 50% interest with TotalEnergies as partner. Preliminary estimates indicate about 2.5 TCF of gas […]
TotalEnergies Reports Significant Gas Find Offshore Cyprus in Block 6
(TotalEnergies, 22.Aug.2022) — TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality […]
Tethys Oil Updates on July 2022 Production
(Tethys Oil, 12.Aug.2022) — Tethys Oil AB’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in July 2022 amounted to 298,937 barrels of oil, corresponding to 9,643 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil […]
QatarEnergy Awards McDermott FEED Contract for NFS Offshore Pipelines Project
(McDermott, 10.Aug.2022) — McDermott International has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project. The new contract is in addition to the awards received by McDermott this year for the NFS Jackets and Topsides and Pipelines […]
Doral Energy and H2Pro Ink Deal for 200MW Electrolyzers for Green Hydrogen Projects
(H2Pro, 2.Aug.2022) — H2Pro and Doral Energy announce the signing of a strategic purchase agreement. Doral, as a global renewable energy developer, with 15 GW of renewable assets under development, is planning to execute a large green hydrogen project pipeline worldwide. To support this plan, Doral secured access to 200 […]
Biden and Abbas Hold Joint Press Event in Bethlehem
(The White House, 15.Jul.2022) — What follows are remarks from a joint press statement by US President Joe Biden and President Abbas of the Palestinian National Authority. PRESIDENT ABBAS: (As interpreted.) Formidable President Biden, we welcome you as a dear guest of Palestine, in the city of Bethlehem, the cradle […]
Remarks by President Biden at East Jerusalem Hospital Network Event
(The White House, 15.2022) — The following are remarks by US President Joe Biden made at an East Jerusalem Hospital network event. THE PRESIDENT: My name is Joe Biden. I am Jill Biden’s husband. (Laughter.) She has been here twice before me. And before I begin, I’d like to say […]
NRGBriefs: Biden’s Middle East Trip, Sasol’s Force Majeure
(Energy Analytics Institute, 14.Jul.2022) — Energy briefs including US President Joe Biden continues meeting with world leaders in the Middle East as part of his tour of the region; and US-based Occidental to host second quarter 2022 conference call on 3 August 2022. MIDDLE EAST Israel — US President Joe […]
The White House Previews Day Two of Biden’s Middle East Trip
(The White House, 13.Jul.2022) — The following details come from The White House briefing room regarding a background press call previewing day two of the US President Joe Biden’s trip to the Middle East MODERATOR: Good evening, everyone. Apologies for our delay in this, and we appreciate everyone’s flexibility and bearing […]
President Ali Urges Saudi Arabians to Invest in Guyana
(CMC, 10.Jul.2022) — The President of Guyana, Dr Mohamed Irfaan Ali, has extended an open invitation to investors of the Kingdom of Saudi Arabia, to ‘invest now’, promising that Guyana is ready to remove bureaucratic hurdles. “You are really pushing at open doors,” the president told the visiting team of […]
NRGBriefs: Saudi Delegation in Guyana for Investment Engagement
(Energy Analytics Institute, 9.Jul.2022) — Energy briefs including Guyana officials speaking during the opening ceremony for the Saudi Arabia – Guyana Investment Engagement at the Arthur Chung Convention Centre. LATIN AMERICA AND THE CARIBBEAN Guyana — A high-level public and private sector delegation from the Kingdom of Saudi Arabia, led […]
Guyana Ready to Make Investment Decisions with Saudi Arabia
(Energy Analytics Institute, 9.Jul.2022) — Guyana’s President Dr Mohamed Irfaan Ali told a delegation of over 60 representatives from the Kingdom of Saudi Arabia, including Deputy Minister for Investors Outreach, Badr al Badr, that Guyana was ready not to only have conversations but to make investment decisions. Ali, who delivered […]
QatarEnergy Selects Shell for NFE Expansion Project
(QatarEnergy, 5.Jul.2022) — QatarEnergy announced the selection of Shell plc. as partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. The partnership agreement was signed today in a ceremony at QatarEnergy’s headquarters in Doha, by His Excellency Mr. Saad […]
Shell Joins Qatar’s NFE LNG Expansion Project
(Shell, 5.Jul.2022) — Shell has been selected by QatarEnergy as a partner in the North Field East expansion project in Qatar, the single largest project in the history of the liquefied natural gas (LNG) industry. Shell will hold a 25 per cent share in a joint venture company which will […]
KAPSARC Reveals Estimates for Oil, Gasoline Demand
(KAPSARC, 29.Jun.2022) — Global oil demand is projected to record a 1.9% quarter-on-quarter growth averaging 100.6 million barrels per day by the end of the third quarter this year, surpassing pre-COVID levels, according to King Abdullah Petroleum Studies and Research Center’s (KAPSARC) upcoming KAPSARC Oil Market Outlook (KOMO). At 54 […]
QatarEnergy Joins Aiming for Zero Methane Emissions Initiative
(QatarEnergy, 27.Jun.2022) — QatarEnergy has joined the Aiming for Zero Methane Emissions Initiative, an industry-led initiative that aims to reach near zero methane emissions from operated oil and gas assets by 2030. The initiative adopts an all-in approach that treats methane emissions as seriously as the industry treats safety. It […]
QatarEnergy Selects ExxonMobil for NFE Expansion Project
(QatarEnergy, 21.Jun.2022) — QatarEnergy announced that it has selected ExxonMobil as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. A special ceremony was held at QatarEnergy’s headquarters in Doha to mark the occasion, during which His Excellency […]
ExxonMobil and QatarEnergy to Expand LNG Production
(Exxon, 21.Jun.2022) — ExxonMobil and QatarEnergy signed an agreement to further develop Qatar’s North Field East project, which will expand Qatar’s annual LNG capacity from 77 million tons to 110 million tons by 2026. The deal was announced at QatarEnergy’s headquarters in Doha. Highlights: — ExxonMobil awarded 25% interest in […]
QatarEnergy Selects ConocoPhillips for NFE Expansion Project
(QatarEnergy, 20.Jun.2022) — QatarEnergy announced that it has selected ConocoPhillips as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. This is the third in a series of announcements on partnerships in the $28.75bn expansion project. His Excellency […]
QatarEnergy Selects Eni for NFE Expansion Project
(QatarEnergy, 19.Jun.2022) — QatarEnergy announced that it has selected Eni as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. This announcement marks the second partnership in the $28.75bn NFE mega project, which will expand Qatar’s LNG production […]
Eni Enters the World’s Largest LNG Project in Qatar
(Eni, 19.Jun.2022) — Eni has been selected by QatarEnergy as a new international partner in the North Field East (NFE) expansion project. The Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and Eni CEO, Claudio Descalzi, signed the partnership agreement for the creation of […]
QatarEnergy Selects TotalEnergies for NFE Expansion Project
(QatarEnergy, 12.Jun.2022) — QatarEnergy has selected TotalEnergies as its first international partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. The announcement comes at the conclusion of a competitive process that started in 2019 to select QatarEnergy’s international partners […]
Eni to Join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG Expansion
(Reuters, 8.Jun.2022) — Italian producer Eni (ENI.MI) has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Wednesday. Exxon Mobil Corp (XOM), TotalEnergies SE (TTEF.PA), Shell (SHEL.L), ConocoPhillips (COP.N) and Eni will participate in the North Field […]
QatarEnergy and Chevron Awarded Early Site Work for RLPP
(QatarEnergy, 8.Jun.2022) — QatarEnergy and Chevron Phillips Chemical Company (CPChem) have announced awarding the early site works contract for the Ras Laffan Petrochemical Project (RLPP), marking the commencement of execution of the RLPP. Consolidated Contractors Company (CCC) has been selected as the contractor to undertake this work and was awarded […]
Fact Box: Qatar’s North Field
(Qatargas, 1.Jun.2022) — In 1971, when exploration engineers discovered natural gas off Qatar’s northeast coast, no one knew quite how important the find was. Only after 15 appraisal wells had been drilled over a period of 14 years was it established that Qatar’s North Field was the largest non-associated natural […]
UAE Delegation Explores Opportunities of Energy Transition with the US
(UAE Embassy, 10.May.2022) — His Excellency Dr. Sultan Ahmed Al Jaber, the UAE Minister of Industry & Advanced Technology and Special Envoy for Climate Change, began a visit to the United States to accelerate joint initiatives on the economic growth opportunities of the energy transition, outline UAE investment initiatives to increase production capacity, […]
Venezuela’s Oil Exports Drop 8% in April amid Quality-linked Delays
(Reuters, 6.May.2022) — Venezuela’s oil exports fell 8% in April from the previous month amid continued delays linked to poor-quality crude grades and insufficient oil upgrading capacity available, according to documents and vessel monitoring data on Thursday. U.S.-sanctioned Venezuela recovered a portion of lost production last year, but crude shipments have been […]
Iranian Oil Minister Meets Venezuela’s President Maduro in Caracas
(AFP, 3.May.2022) — Iran’s oil minister has paid an official visit to ally Venezuela to meet President Nicolas Maduro and discuss ways to “overcome” the effects of US sanctions against both nations, officials said. “I received His Excellency Javad Owji, Oil Minister of the sister Islamic Republic of Iran,” Maduro […]
Venezuela and Iran to Deepen Oil and Defense Ties
(Energy Analytics Institute, 2.May.2022) — Venezuela’s Oil Minister Tareck El Aissami held a working meeting in Caracas with his Iranian counterpart Javad Owji to discuss deepening bilateral cooperation mechanisms between both countries in the oil and defense sectors. The ministers also reviewed different opportunities for bilateral cooperation in the petrochemical […]
QatarEnergy Awards Final Major North Field East Project EPC Contract
(QatarEnergy, 28.Apr.2022) — Marking the final major milestone to deliver its North Field East (NFE) LNG Expansion Project to boost Qatar’s LNG production capacity to 110 million tons per annum (MTPA), QatarEnergy announced today the award of a major engineering, procurement, and construction (EPC) contract for the North Field Expansion […]
NRGBriefs: Venezuela Receives 185 Mbbls from Iran; Pemex, Exxon 1Q:22 Conf. Calls
(Energy Analytics Institute, 25.Apr.2022) — Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference call on 2 May 2022 to discuss its financial and operational results from the 1Q:22; and Exxon Mobil to hold 1Q:22 conference call on 29 […]