Middle East

Investment , Petrochemicals , International

Saudi Aramco to Invest in $7 Billion Petchem Project in South Korea

"The Shaheen project will increase chemical yields while reducing operating costs, thus making it more competitive especially in a low-margin environment," a Refinitiv analyst said of Saudi Arabia's investment.

November 17, 2022

Crude Oil , International , Tankers

Tanker Hit Off Oman, Says Israeli-Controlled Shipping Firm

Three maritime sources told Reuters that a drone was suspected to have attacked the oil tanker. An Israeli official said Iran was responsible for the attack, using a Shahed-136 drone, the type it has been supplying to Russia for use in Ukraine.

November 16, 2022

Field Development , International

Israel Allows TotalEnergies, Eni to Search for Gas Offshore after Lebanon Border Deal

A focus of the deal was settling a dispute over a potential gas field in Lebanon’s offshore Block 9 that extends into Israeli waters. TotalEnergies is the operator of Block 9 with a 60% interest. Eni holds 40%.

November 15, 2022

Trade , International

Five Iran-Related Oil Tankers Lose Their Flags Following US Sanctions

The U.S. Treasury Department in early November imposed sanctions on a wide network of companies, people and vessels accused of concealing the Iranian origins of shipments and exporting them around the world.

November 15, 2022

Highlights

E&P Highlights (Nov. 14, 2022): New Eni Startup; Suriname Bid Round

Here’s a roundup of the latest E&P headlines, including a new startup and bid round from the past week in the upstream oil and gas industry.

November 14, 2022

Public Capital , International

Saudi Wealth Fund, BlackRock to Jointly Explore Mideast Infrastructure Projects

Saudi Arabia's  Public Investment Fund will anchor BlackRock's Middle East infrastructure strategy as the world's biggest fund manager.

November 14, 2022

Exploration & Production , Emissions , ESG

APA Corp. Reduces Upstream Routine Flaring in Egypt by 40%

Through the implementation of two emissions-reducing initiatives, APA Corp. was able to reach its ESG target at its Egyptian operations ahead of schedule.

November 14, 2022

Exploration & Production , Natural Gas , Emissions

Big Gas Chiefs Bill Themselves as Climate Leaders at COP27

“The most important thing is for people to see America’s largest natural gas producer here at COP27 as a symbol that we’re going to be a leader in energy transition,” EQT CEO Toby Rice told Reuters on the sidelines of COP27.

November 14, 2022

Energy Transition

Saudi Aramco Signs Agreement to Establish Carbon Capture, Storage Hub

Saudi Aramco's carbon capture and storage facility is expected to contribute to the 44 million tonnes of CO2 Saudi Arabia plans to capture by 2035.

November 11, 2022

Discoveries , International

Bahrain Announces Two New Natural Gas Discoveries

Nasser bin Hamad Al Khalifa, chairman of the kingdom’s energy investment and development arm Nogaholding, has updated Bahrain King Hamad bin Issa Al Khalifa on the discoveries, an official statement said without disclosing estimated reserves.

November 8, 2022