Middle East

Liquefied Natural Gas (LNG) , Trade

Germany, Qatar At Odds Over Terms in Talks on LNG Supply Deal: Sources

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.

May 10, 2022

Discoveries

Energean Discovers New Gas Off Israel's Coast

Energean made a new 8 Bcm natural gas discovery off the coast of Israel in its Athena exploration well. The company previously thought the discovery would yield 21 Bcm, however.

May 9, 2022

People , Technology

Halliburton CFO to Lead MENA Region in Leadership Reshuffle

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.

May 2, 2022

Business , Energy Transition , Technology

3t EnerMech JV Promotes Paul Attrill to Reinforce Global Growth

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.

April 21, 2022

Crude Oil , Trade

Glencore Sells UAE Murban Crude to US Refiner Marathon in Rare Deal

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.

April 14, 2022

Field Development , Discoveries

Eni Boosts Production in Egypt with New Oil, Gas Discoveries

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.

April 14, 2022

Investment , Transactions , Midstream

BlackRock on Hunt for Gulf Infrastructure Deals

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.

April 4, 2022

Earnings , Completions

Baker Hughes, Dussur to Join Forces for Chemicals Project in Saudi Arabia

Baker Hughes and Dussur will form a joint venture to supply industrial chemicals to oilfields in Saudi Arabia.

March 30, 2022

Petrochemicals , Crude Oil , Trade

US Refiners Turn to Middle East for Fuel Oil after Russia Import Ban

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.

March 25, 2022

Crude Oil , Trade

Oil Prices Up, Rebound after Aramco Oil Facility Attacked

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.

March 25, 2022