Germany, which aims to cut its carbon emissions by 88% by 2040, is reluctant to commit to Qatar’s conditions to sign deals of at least 20 years to secure the massive LNG volumes it needs to reduce its dependence on Russian gas, sources said.
Effective immediately, Halliburton said Lance Loeffler assumed the role of senior vice president of the company’s Middle East North Africa (MENA) region and Eric Carre assumed the role of CFO.
In the new strategic position, Paul Attrill will help to drive the growth of 3t EnerMech and support its global client base through an industry-recognized blended approach of traditional in-person training and digitalized workforce management solutions.
The deal also comes as the economics of moving Middle East crude to the U.S., the world’s No. 2 crude importer, have become attractive, traders said.
Eni also signed a deal earlier on April 13 to increase gas production in Egypt and boost LNG supplies to Europe as the continent tries to cut its reliance on Russian gas amid the war in Ukraine.
Stephen Cohen said BlackRock is also looking across Saudi Arabia and the Gulf region for infrastructure investments and what he called “transition finance” to fund long-term sustainable energy projects.
Baker Hughes and Dussur will form a joint venture to supply industrial chemicals to oilfields in Saudi Arabia.
About 4 million barrels from Middle East suppliers are set to discharge along the U.S. Gulf Coast next month, the highest level in at least 12 years.
A military spokesman said Yemen’s Houthis launched missiles and drones on Aramco oil facilities in Jeddah, adding that the attacks targeted Ras Tanura and Rabigh refineries.