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International Group Takes 49% Stake in Aramco Oil Pipeline Unit
Monday, June 21, 2021A consortium has closed a $12.4 billion deal to acquire an equity stake in Aramco Oil Pipelines Co.
Iran Says Fire Engulfed Refinery to be Back Online Thursday
Thursday, June 03, 2021An oil refinery in Iran's capital that was engulfed in a huge fire will be back online by Thursday, Iran's official Shana news service reported, quoting Oil Minister Bijan Namdar Zanganeh.
Technip Energies Bags Significant Deal
Friday, May 28, 2021Technip Energies (PARIS:TE) has been awarded a 'significant' contract for project engineering and management services.
Aramco Weighing Sale of Stake in NatGas Pipelines
Tuesday, April 27, 2021Aramco is considering the sale of a stake in its vast natural gas pipeline network to help free up cash and draw more international investors to Saudi Arabia, people familiar with the matter said.
Saipem Nets $350MM Qatargas Work
Tuesday, April 13, 2021Saipem (BIT: SPM) revealed Tuesday that Qatargas has confirmed the exercise of two options for additional work within the North Field Production Sustainability Offshore Project.
Yemeni Rebels Hit Saudi Aramco Refinery
Friday, March 19, 2021Yemen's Iran-backed Houthi rebels attacked an Aramco refinery in the Saudi capital Friday using six bomb-laden drones.
Qatar Ships First UAE Oil Cargo Since Embargo End
Thursday, March 11, 2021Qatar exported what appeared to be its first oil cargo to a Persian Gulf neighbor since the United Arab Emirates and three other countries agreed to restore ties with Doha in January.
Saudi Aramco and Hyundai Make LPG-for-CO2 Deal
Wednesday, March 03, 2021Carbon dioxide generated from hydrogen production will be used at Aramco oil production facilities.
Qatar Petroleum Awards Major EPC Deal
Monday, March 01, 2021Qatar Petroleum has announced the award of a 'major' engineering, procurement, and construction contract to Samsung C&T Corporation.
Qatar Aims to be LNG King for At Least 2 Decades
Wednesday, February 17, 2021Qatar aims to be the world's biggest producer of liquefied natural gas for at least the next two decades.
Qatar Petroleum Greenlights $29B LNG Project
Tuesday, February 09, 2021Qatar Petroleum has taken the final investment decision for developing the North Field East Project, which it describes as the world's largest LNG development.
Israeli Firm Claims EV Charging Breakthrough
Wednesday, January 20, 2021The company contends the rapid charging batteries could overcome range and charging anxiety, a critical barrier to mainstream EV adoption.
South Korea Seeks Qatari Help to Release Tanker
Thursday, January 14, 2021South Korea has asked Qatar for 'maximum support' to secure the release of an oil tanker seized by Iran this month.
Iran Seizes Korean Tanker and Arrests Crew
Monday, January 04, 2021It's the latest in a series of shipping incidents in the Persian Gulf.
Saudi Aramco Eyes Gas Sales to China
Wednesday, November 11, 2020Saudi Aramco wants to sell natural gas to China, CEO Amin Nasser said.
Saudi Arabia to Ease Foreign Worker Rules
Wednesday, November 04, 2020The new rules go into effect on March 14 and apply to all foreign workers in the private sector, said an official.
Qatargas to Automate LNG Project with Honeywell Tech
Thursday, October 29, 2020Honeywell will serve as the main instrument and control contractor for QP’s North Field East project.
Israel and UAE Eye Pipeline Linking Red and Med Seas
Tuesday, October 20, 2020Israel and the UAE have opened talks over an oil pipeline linking the Red Sea with the Mediterranean.
Saudi Aramco Trims Cost of Yanbu Project
Monday, October 19, 2020Aramco and its subsidiary Saudi Basic Industries Corp. intend to incorporate existing facilities into the Yanbu project instead of building an entirely new one.
Abu Dhabi Invests $2.1B in Adnoc Pipelines
Thursday, October 15, 2020Abu Dhabi institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co.
Qatar Set to Expand Access to UK LNG Market
Wednesday, October 14, 2020Qatar is preparing to ramp up LNG exports to the UK.
Lender Sees $211B in MENA Gas Projects
Monday, October 12, 2020Investment in natural gas projects across the Middle East and North Africa (MENA) will rise, according to Arab Petroleum Investments Corp.
Baker Hughes Wins Qatar LNG Order
Wednesday, September 30, 2020Qatar Petroleum has selected Baker Hughes to fulfill a major LNG turbomachinery order for its North Field East project.
Aramco Shelves $20B Petchem Plan
Thursday, September 03, 2020Saudi Aramco is shelving multi-billion-dollar petrochemical and gas projects as the state oil giant's determination to preserve its dividend forces it to cut back on major investments.
Saudi AC Demand May Curb OPEC Plan Impact
Tuesday, July 21, 2020Saudi Arabia is set to burn potentially record amounts of crude oil to run its power plants and keep its citizens comfortably air-conditioned.
Saudi Crude Exports Appear to Be Down 8 Percent
Tuesday, June 30, 2020Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.
Aramco Completes $69B SABIC Deal
Wednesday, June 17, 2020Saudi Aramco has completed its acquisition of a 70 percent stake in Saudi Basic Industries Corporation for a total price of $69.1 billion.
Iraq Asks Buyers to Forgo Oil Cargoes
Tuesday, June 09, 2020It's a potential signal the country is trying to meet the output-cut pledges it made to OPEC during the weekend.
Saudis Raise Oil Prices by Most in 20 Years
Monday, June 08, 2020Saudi Arabia is doubling down on a strategy to bolster the oil market.
Qatar Petroleum Signs Landmark LNG Deals
Tuesday, June 02, 2020Saad Sherida Al-Kaabi, Qatar's minister of state for energy affairs and QP's president and CEO, has signed three LNG ship construction agreements. SOURCE: Qatar Petroleum
Petrofac Wins Iraq Contract Extension
Monday, June 01, 2020Petrofac has provided ICOEEP with operations and maintenance services for nearly eight years.
Abu Dhabi Mulling Pipeline Stake Sale
Monday, June 01, 2020A deal could value the pipelines at more than $15 billion.
Lamprell Wins EPIC Contract With Sharjah National Oil
Friday, May 22, 2020Scheduled for completion in early 2021, Lamprell's work will be specific to the Mahani extended well test project.
Saudi Petchems Contract Goes to McDermott
Friday, May 22, 2020A subsidiary of Advanced Petrochemical Co. has awarded McDermott International, Inc. a contract for a propane dehydrogenation unit.
Fluor Wins Saudi Petchems Contract
Monday, May 18, 2020AGIC has named Fluor project management consultant for its new propane dehydrogenation, polypropylene and utilities and offsites complex in Jubail Industrial City, Saudi Arabia.
Sabic Suspends All but Essential Spending
Monday, May 04, 2020Saudi Basic Industries Corp. is suspending new capital expenditure after an oil-price slump and coronavirus-related lockdowns hammered demand for chemicals.
McDermott Unit Wins Saudi Contracts Worth Up to $350MM
Thursday, April 30, 2020McDermott's CB&I Storage Solutions unit will build 38 tanks and 13 spheres throughout Saudi Arabia.
Saudi Aramco Mulls Pipeline Stake Sale to Raise Cash
Monday, March 30, 2020Aramco may need to raise cash this year as it confronts a historic rout in oil prices and a growing list of spending obligations.
Ineos Delays FPS Summer Shutdown
Wednesday, March 25, 2020Ineos FPS has delayed its Forties Pipeline System summer shutdown until August 'at the earliest'.
Chemicals Glut Drags Down Sabic Profit
Wednesday, January 29, 2020Saudi Basic Industries expects earnings to come under further pressure this year from sluggish economic growth and an oversupply of petrochemicals.
Adnoc's $15B Gas Pipeline Lures BlackRock, GIP Interest
Tuesday, January 28, 2020Adnoc is seeking to sell as much as 49 percent of the business through a lease structure.
Oil-Storage Demand at Mideast Hub Prompts Brooge Expansion
Monday, January 27, 2020The expansion would more than double the amount of crude traders could store at Fujairah, the world's second-largest refueling port.
Verdict on Aramco, Sabic Crude-to-Chemicals Plan Expected in 2Q
Thursday, January 16, 2020Saudi Basic Industries Corp. and Saudi Aramco expect to announce in the second quarter whether they'll proceed with plans to build a facility to process crude oil directly into chemicals.
Qatar and Kuwait Make 15-Year LNG Deal
Monday, January 06, 2020QP will supply Kuwait with up to 3 mtpa of LNG under the long-term deal.
Iran Detains Fuel Ship Near Strait of Hormuz
Monday, December 30, 2019Iran says it has detained a ship carrying smuggled fuel near the entrance to the Strait of Hormuz.
Qatar Targeting 64 Percent Jump in LNG Capacity
Tuesday, November 26, 2019Qatar will expand its LNG capacity to 126 million tons a year thanks to gas from a newly explored section of the planet's largest field.
Baker Hughes Signs Long-Term Saudi Arabia Contracts
Wednesday, November 13, 2019Baker Hughes broke ground Wednesday on its first manufacturing site in Saudi Arabia. PHOTO SOURCE: Sadara
Honeywell Wins Contract for Pioneering Kuwait Project
Tuesday, November 12, 2019Pictured, from left, are Honeywell's Kuwait President Rachad Abdallah and KIPIC Acting CEO Hatem Al-Awadi. PHOTO SOURCE: Honeywell Process Solutions
Aramco Delays Payment on Sabic Deal by Four Years
Monday, November 04, 2019Aramco's intention-to-float announcement means around three years of work on the company's IPO, which could be the largest ever, may be drawing to a close.
Saudi Cracker Contract Goes to McDermott
Tuesday, October 22, 2019The Amiral plant reportedly will be one of the world's largest mixed-feed crackers.