(Saipem, 5.Apr.2022) — Saipem has been awarded new contracts in offshore drilling in the Middle East and in West Africa for a total amount of over $400mn. Two contracts have been awarded in the Middle East for two high specification jack-up drilling units, consisting of drilling and workover operations for […]
Category: Middle East
NRGBriefs: Exxon, Hess, and CNOOC FID Yellowtail development
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Apr.2022) — Energy briefs including ExxonMobil, Hess and CNOOC taking a final investment decision (FID) for their fourth development offshore Guyana called Yellowtail, cos.’ biggest yet w/ gross production capacity of 250,000 b/d starting in 2025; and the King Abdullah Petroleum Studies and […]
Saudi Arabia Positioned to Produce Green and Blue Hydrogen at Competitive Rates
(KAPSARC, 4.Apr.2022) — According to a new study on “The Economics and Resource Potential of Hydrogen Production in Saudi Arabia” by the King Abdullah Petroleum Studies and Research Center (KAPSARC), Saudi Arabia’s vast renewable energy potential and natural gas reserves will support it in producing some of the cheapest green […]
QatarEnergy Buys 40% Stake in Offshore Egypt Exploration Block
(QatarEnergy, 29.Mar.2022) — QatarEnergy entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt. Under the terms of the agreement, which is subject to customary approvals by the government of Egypt, QatarEnergy will hold a 40% working interest in the contractor’s share in […]
White House Pressed on Potential Oil Deals with Saudi Arabia, Venezuela and Iran
(Politico, 7.Mar.2022) — The White House on Monday pushed back on concerns about the Biden administration’s willingness to cut deals with countries like Saudi Arabia, Iran and Venezuela as it looks for ways to blunt skyrocketing fuel prices in the United States. White House press secretary Jen Psaki faced multiple […]
NRGBriefs: Venezuela’s Nicolás Maduro Chats with Russia’s Vladimir Putin
(Energy Analytics Institute, 1.Mar.2022) — Energy briefs including Venezuela’s President Nicolás Maduro chatting over the telephone with his Russian counterpart Vladimir Putin; Invenergy naming Mary King as Executive VP People & Culture; AmCham Guyana hosts a local content forum; PEMEX reporting a rise in oil and condensate production in 2021 vs […]
Iran, Qatar Sign Major Deals on Raisi’s Doha Trip
(Al Jazeera, 23.Feb.2022) — Qatar and Iran have signed 14 agreements during President Ebrahim Raisi’s two-day trip to Doha this week. Raisi was accompanied by oil minister Javad Owji and foreign minister Hossein Amirabdollahian on the trip, which also included participation in the Gas Exporting Countries Forum (GECF) in the […]
Trinidad PM Addresses GECF in Qatar, Talks of Lost LNG Export Revenues
(Office of the PM of Trinidad and Tobago, 22.Feb.2022) — Trinidad and Tobago’s Prime Minister Keith Rowley addressed the Sixth Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF). What follows is his speech. Salutations It is my pleasure and honour to participate in this […]
Trinidad Energy Minister Young Attends Meeting Ahead of GECF Summit
(MEEI, 21.Feb.2022) — The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young M.P, attended the Extraordinary Ministerial Meeting in advance of the Sixth GECF Heads of State Summit in Doha, Qatar today. The other members of the delegation […]
NRGBriefs: TotalEnergies and APA Corp. Report Suriname Find
(Energy Analytics Institute, 21.Feb.2022) — Energy briefs including TotalEnergies and APA Corp. reporting another significant find offshore Suriname in Block 58; APA Corp. announcing 4Q:21 financial results and planning a conference call to discuss the results; US sanctions on Russia and its ties with Venezuela; PDVSA President Asdrúbal Chávez travelling […]
Iranian Oil Tanker to Discharge 2 mln Barrels in Venezuela
(Reuters, 31.Jan.2022) — An Iranian supertanker carrying about 2 million barrels of condensate this week began discharging at Venezuelan state-run oil company PDVSA‘s main oil port, according to a company document and tanker tracking services. PDVSA and state-run National Iranian Oil Company (NIOC) in the second half of last year started […]
NRGBriefs: Maduro Courts Arab Investments
(Energy Analytics Institute, 26.Dec.2021) — Energy briefs including Venezuela’s President Nicolas Maduro talking in a special interview w/ Arab media house Al Mayadeen broadcast on Venezuelan national TV; Venezuela’s GDP expected to rise 5% in 2022; Mammoet crews continue to assist w/ construction of Guajira I, in the municipality of […]
Sempra to Divest 10% Interest in Sempra Infrastructure Partners
(Sempra, 21.Dec.2021) — Sempra (NYSE: SRE) (BMV: SRE) entered into a definitive agreement to sell a non-controlling 10% interest in Sempra Infrastructure Partners to a subsidiary of the Abu Dhabi Investment Authority (ADIA) for $1.785bn in cash, subject to customary closing adjustments. This transaction implies an enterprise value for Sempra Infrastructure of $26.5bn, including […]
NRGBriefs: Argentine Pipeline Tender, Lebanon Summit
(Energy Analytics Institute, 30.Nov.2021) — Energy briefs including Argentina revealing plans for a tender for the start of the process for the construction of the first stage of the Néstor Kirchner Gas Pipeline and the Transport.Ar National Production Gas Pipeline System; the EU welcoming the “largely calm and peaceful atmosphere” […]
Event: 6TH Lebanon International Oil And Gas Summit
(GEP Events, 15.Nov.2021) — The 6th Lebanon International Oil & Gas Summit features a wealth of content for strategically minded companies, seeking a full solution event. Lebanon’s petroleum sector is growing quickly in popularity and importance among oil and gas companies and investors, offering a multitude of opportunities locally, regionally […]
Prince Charles Addresses Saudi Green Initiative Forum
(FGH, 23.Oct.2021) — The UK’s Prince of Wales has addressed the Saudi Green Initiative Forum in Riyadh, highlighting the “dangerously narrow” window for green recovery while praising the Kingdom’s commitment to climate action. The Prince of Wales said: “At last, and after far too long, climate change and biodiversity loss […]
NRGBriefs: Guyana Courts The UAE Or Vice Versa
(Energy Analytics Institute, 21.Oct.2021) — Energy briefs including details of Guyana’s President Irfaan Ali courting investors in the UAE; the repercussions in Caracas from the extradition of Alex Saab to Miami from Capo Verde, and Shell Trinidad and Tobago eyeing finally signing a PSC for development of the 2.7 Tcf […]
Guyana Capturing Global Attention At Dubai Expo 2020
(DPI, 4.Oct.2021) — The Guyana Pavilion at the greatest international mega event – Expo 2020 Dubai – has seen scores of people from across the globe already showing their interest in the vast array of opportunities Guyana holds for investment. Making this disclosure is the Guyana Office for Investment (GO-Invest). […]
Crude From Venezuela, Iran Stacks Up Off Singapore
(Bloomberg, 24.Aug.2021) — Oil stored in ships has been stacking up off key Asian ports as a crackdown in China on private crude oil processors has blunted purchases and disrupted flows, including some U.S.-sanctioned barrels from Iran. Vessels off Singapore, Malaysia and China had about 62 million barrels last week […]
Argus Launches LPG Freight Prices
(Argus, 27.Jul.2021) — Global energy and commodity price reporting agency Argus has launched 10 new freight price assessments for tankers transporting liquefied petroleum gas (LPG). These prices are a response to market demand for greater transparency in the growing and increasingly complex global trade in LPG, which comprises butane and […]
China’s CCPC Takes Center Stage In Iran
(Reuters, 22.Jul.2021) — A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago for handling Iranian crude, seven sources with knowledge of the deals told Reuters. The more prominent role […]
Fact Box: Qatar’s North Field Expansion (NFE) Project
(US Department of Commerce, 20.May.2021) — Significant opportunities exist in Qatar for US companies offering products and services in LNG production. Qatar is the largest global exporter of liquefied natural gas (LNG), and the country’s exports of LNG, crude oil, and petroleum products constitute the majority of government revenue. Despite […]
Saipem Inks Contracts In Saudi Arabia
(Saipem, 17.May.2021) — Saipem has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia for a duration of 5 and 10 years, respectively, and a new contract in Colombia for a duration of 4 years. The total of orders acquired by the Onshore Drilling […]
Iran Activates Game Plan For Oil Comeback In 2021
(Platts, 9.Feb.2021) — Emboldened by the change in US presidency, Iran is pushing more oil onto the market, even as sanctions remain in place, as it looks ahead to a full return to the global oil market as demand recovers from the pandemic. Preliminary estimates suggest that Iran many have […]
OPEC Fund Marks 45 Years Of Driving Development
(The OPEC Fund, 28.Jan.2021) — The OPEC Fund for International Development (the OPEC Fund) marks its 45th anniversary today. Since inception, the multilateral development finance institution has approved more than $25bn in essential financing for 135 partner countries. Established in 1976 with a distinct mandate to drive development, strengthen communities […]
OPEC Voluntary Production Levels (PDF DOWNLOAD)
(Energy Analytics Institute, 11.Jan.2021) — OPEC’s voluntary crude oil production levels for the months of January, February, and March. __________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
Iranian Oil Tankers Entering Venezuelan, Syrian Ports
(MEHR, 10.Jan.2021) — Tankertrackers reported that the Iranian oil and gasoline tankers have reached near Syria and Venezuela. According to Tankertrackers, an Iranian tanker carrying two million barrels of crude oil shipments is crossing the Suez Canal and it will probably arrive in the Syrian port of Banias on Monday. […]
20 Companies: The Biggest Polluters In The World
(Insider Monkey, 2.Jan.2021) — In this article we are going to list the 20 companies that are the biggest polluters in the world. Click to skip ahead and jump to the 10 companies that are the biggest polluters in the world. Look, I don’t think there are many educated people […]
UAE Emerges As Hub For Cos. Helping Venezuela
(Reuters, 29.Dec.2020) — In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within weeks, a little-known company based in the United Arab Emirates took over management of […]
Iran Uses Disguised Tanker To Export Venezuelan Oil
(Reuters, 14.Dec.2020) — A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export, documents from state-run PDVSA show, providing evidence of the two countries’ latest tactics to expand their trade in defiance of U.S. sanctions. Venezuela and Iran have deepened their cooperation this year […]
Biden Presidency To Reset US Sanctions Focus
(Argus, 14.Dec.2020) — Washington’s failure in the past two years to force regime change in Caracas by means of severe sanctions gives the incoming US administration of president-elect Joe Biden an opportunity to try a more diplomacy-focused approach. Biden’s policy goal for Venezuela — ensuring a free and fair election […]
Iran Mostly Contains Fire After Oil Pipeline Spill
(Reuters, 13.Dec.2020) — Firefighters have contained most of a blaze that broke out after a pipeline carrying crude oil to Iran’s second-largest refinery ruptured on Sunday because of a landslide, the head of the state company in charge of oil pipelines said. “Most of the fire … has been contained […]
UAE Eases Oil Supply Cuts To Asia After OPEC+ Deal
(Bloomberg, 7.Dec.2020) — The United Arab Emirates will provide Asian oil buyers with a little more crude next month after OPEC+ reached a compromise deal on cuts. While OPEC’s third-largest producer will still reduce supply to Asia in January, the curbs won’t be as deep as this month in percentage […]
OPEC+ To Boost Output After Tense Negotiations
(WoodMac, 4.Dec.2020) — Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus […]
India Looks To Resume Iran, Venezuela Oil Imports
(Reuters, 2.Dec.2020) — India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after U.S. President-elect Joe Biden takes office, Oil Minister Dharmendra Pradhan said on Wednesday. India was the key buyer of Iranian and Venezuelan oil before slashing purchases after President Donald Trump […]
JinkoSolar Sells Stake In Abu Dhabi Sweihan Station
(JinkoSolar, 27.Nov.2020) — JinkoSolar Holding Co., Ltd. announced its wholly-owned subsidiary JinkoSolar Sweihan (HK) Limited has signed a share and debt purchase agreement with Jinko Power (HK) Company Limited, an indirectly wholly-owned subsidiary of Jinko Power Technology Co., Ltd. Pursuant to the agreement, Sweihan HK will sell its 50% equity […]
Iranian Tanker Departs For Persian Gulf From Venezuela
(Reuters, 9.Oct.2020) — An Iranian-flagged oil tanker left Venezuela on Friday for Iran’s Kharg Island, Refinitiv Eikon data showed, after the vessel loaded 1.9 million barrels of heavy crude at the South American country’s Jose oil terminal. The shipment marks the latest example of cooperation between the two OPEC nations […]
Three Iranian Tankers Make It To Venezuela
(Energy Analytics Institute, 5.Oct.2020) — The third and final Iranian tanker, part of a three-tanker flotilla, docked in Venezuela over the weekend with much needed gasoline supplies for the struggling OPEC country. The three Iranian-flagged tankers – Faxon, Forest and Fortune – are estimated to have transported around 250,000 bbls […]
First Iranian Tanker Enters Venezuelan Waters
(Reuters, 28.Sep.2020) — The first of a group of three tankers carrying Iranian fuel for gasoline-starved Venezuela entered the waters of the South American nation on Monday, according to Refinitiv Eikon data, in the most recent sign of the countries’ expanding trade. The two OPEC members have increased cooperation this […]
US Updates On Iran And Venezuela Designations
(US Department of Treasury, 24.Sep.2020) — The state department updates on Iran-related and Venezuela-related designations in today’s press release. SPECIALLY DESIGNATED NATIONALS LIST UPDATE The following individuals have been added to OFAC’s SDN List: SADATI, Seyyed Mahmoud (Arabic: سید محمود ساداتی), Shiraz, Iran; DOB 1958; alt. DOB 1959; POB Estahaban, […]
US Treasury Updates Venezuela, Iran Designations
(Energy Analytics Institute, 22.Sep.2020) — The US Department of Treasury released details regarding Venezuela-related designations as well as providing a designation update. Treasury also provided an Iran-related designation update. The following individuals have been added to OFAC’s SDN List: BENAVIDES RONDON, Williams Jose, Venezuela; DOB 04 Apr 1981; POB Guanipa, […]
Elliott Abrams Briefing On Iran And Venezuela
(US Department of State, 16.Sep.2020) — Special teleconference briefing with special representative for Iran and Venezuela Elliott Abrams on developments in Iran and Venezuela. MS ORTAGUS: Thank you so much and good afternoon, everybody. I know we’re having this call right after we did the press conference with the Secretary […]
Venezuela’s PDVSA looks to lift oil blending
(Reuters, 15.Sep.2020, Words: 492) — Venezuela’s state-run PDVSA is preparing to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt, according to sources and a company document. U.S. sanctions imposed since 2019 have deprived PDVSA […]
Venezuela Defies Sanction Tripwires, Imports Oil
(Bloomberg, 13.Sep.2020) — An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship, identified as Honey, turned off its satellite signal and started unloading about 2 million barrels of South Pars condensate at Venezuela’s state-controlled port of Jose on Saturday, […]
Copec Voltex Selects Driivz For Charging Infrastructure
(Copec, 8.Sep.2020) — Copec Voltex, a subsidiary of Copec S.A., a leading energy and mobility company and one of the most trusted brands throughout Latin America and the Southeastern United States, migrated its electric vehicle charging infrastructure to Driivz, the leading end-to-end EV charging and smart energy management software platform. […]
Iranian Shipments Of Oil To Venezuela
(Dryad Global, 7.Sep.2020) — Reporting from TankerTrackers.com indicates that three Iranian tankers have departed Iran, with a suggested routing to Venezuela, via the Suez Canal. The three vessels in question are: – FOREST (IMO: 9283760), Iranian-flagged oil and chemical tanker.– FAXON (IMO: 9283758), Iranian-flagged oil and chemical tanker.– FORTUNE (IMO: […]
Sungrow Inks Deal For Inverter Solution To Dubai
(Sungrow, 2.Sep.2020) — Sungrow, the global leading inverter solution supplier for renewables, announced that the Company partnered with Shanghai Electric to supply its latest 1500V 6.25 MW turnkey solution to the 900 MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, illustrating its efforts in […]
Saudi Aramco Announces Two New Fields
(JPT, 31.Aug.2020) — Saudi Aramco announced this week the startup of two exploratory fields, one oil and one gas, in the northern region of the country. Saudi Energy Minister Prince Abdulaziz bin Salman shared the news while adding that future drilling plans for the two areas will be needed to […]
US Targets Websites Tied To Iran-Venezuela Oil Deal
(Al-Monitor, 31.Aug.2020) — The seizure follows the US interception of fuel tankers from Iran en route to Venezuela this month amid increased US pressure on both countries. The US government announced today that it had seized three websites used by Iran to facilitate oil deals with Venezuela. The decision follows […]
Maduro Thanks Iran For Help Overcoming Sanctions
(Reuters, 23.Aug.2020) — Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from the country. Washington maintains strict sanctions against Iran’s oil industry to try to halt the country’s nuclear […]