Middle East
Saudi Aramco in LNG talks with US Tellurian, NextDecade
Oil giant Aramco is in talks with U.S. firms Tellurian and NextDecade on two separate LNG projects as the Saudi firm seeks to boost its gas trading and production.
TES, OQ Alternative Energy sign JSA for an e-NG facility in Oman
TES and OQ Alternative Energy announced that they have entered in a Joint Study Agreement to assess the development of an e-NG facility in Oman.
ADNOC to acquire 10% equity stake in major LNG development in Mozambique
ADNOC announced the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, entitling ADNOC to a share of the LNG production from the concession, which has a combined production capacity exceeding 25 MMtpy.
ADNOC purchases stake/offtake from NextDecade LNG (U.S.)
ADNOC announced the acquisition of a 11.7% stake in Phase 1 of NextDecade's Rio Grande LNG, along with a 20-yr LNG offtake agreement from Train 4.
UAE's ADNOC planning US trading expansion
Abu Dhabi National Oil Company (ADNOC) is planning to set up a trading desk in the U.S. as part of the United Arab Emirates-backed oil and gas producer's global expansion efforts.
Qatar to sign more long-term LNG contracts this year
Qatar has not had difficulty securing long-term liquefied natural gas (LNG) contracts and will sign more this year, according to QatarEnergy CEO and State Minister for Energy Saad al-Kaabi.
Investments surge on strong demand outlook for LNG bunkering
Drewry projects more than 1,000 LNG-fueled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 MMtpy by 2028.
CB&I awarded contract by TotalEnergies and OQ for full containment LNG tank in Oman
CB&I, a wholly owned unrestricted subsidiary of McDermott, has been awarded a significant contract ($100 MM−$250 MM) by Marsa Liquefied Natural Gas LLC, a joint venture between TotalEnergies and OQ, for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar.
ADNOC signs third long-term Heads of Agreement for Ruwais LNG project
ADNOC has signed a 15-yr Heads of Agreement (LNG agreement) with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 600,000 metric tpy of liquefied natural gas (LNG).
Pakistan giant Engro looks to go global
Pakistan's largest conglomerate, Engro Corp., is looking to expand into new markets, including the Middle East, Central Asia and Africa, the chemicals-to-energy company's largest investor said on Tuesday.
Iran, Pakistan seek ways to complete gas pipeline project
Iran and Pakistan are looking at ways to complete a long-delayed gas pipeline project between the two countries.
ADNOC, G42 and Presight partner to accelerate AI solutions for the energy sector
ADNOC, G42 and Presight AI Holding Plc., an ADX publicly listed company, have announced a new shareholding structure for AIQ.
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
Steep discounts, new vessels spur demand for LNG to power ships
Demand for LNG to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said.
Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan
Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U.S., J.P. Morgan said in a report.
Mitsui to join with ADNOC and others in LNG project in UAE
Japan's Mitsui & Co plans to participate in a $7-B LNG project in the United Arab Emirates, teaming up with Abu Dhabi National Oil Company and others.
Technip Energies OQ’s Marsa LNG project in Oman
Technip Energies has been awarded a substantial contract by TotalEnergies and OQ for the Marsa LNG bunkering project located in Sohar, Oman.
TotalEnergies launches the Marsa LNG project and deploys it's multi-energy strategy in the Sultanate of Oman
During a visit in Muscat, Patrick Pouyanné, Chairman and CEO of TotalEnergies met with His Majesty Sultan Haitham bin Tariq Al Saidand His Excellency Eng. Salim bin Nasser Al Aufi, Minister of Energy & Minerals, to reaffirm the long-term partnership between TotalEnergies and the Sultanate of Oman.
Oman LNG forges strategic partnership with BOTAS for LNG supply to Turkey
Oman LNG solidifies its global energy presence by entering into a strategic partnership with BOTAS, aimed at supplying LNG to Turkey and fostering international collaboration in the energy sector.
Asia spot LNG at fresh three-month high on supply concerns
Asian spot LNG prices rose this week to a new three-month high due to supply concerns amid tensions in the Middle East and a drop in feedgas deliveries to two LNG terminals in the U.S.
Drive energy efficiency and reduce emissions with dry gas sealing solutions
Centrifugal compressors play a critical role in efficiently transporting the large volumes of natural gas used as a feedstock and fuel source in industries ranging from oil and gas to petrochemicals to liquefied natural gas (LNG). An effective sealing system is crucial to keeping a compressor running at peak efficiency. This article details the benefits of utilizing dry gas seals in these operations.
Global Projects Data
A quick look at total project numbers by region.
OCP and Fortescue to partner to develop green energy, hydrogen and ammonia in Morocco
OCP Group and Fortescue Energy announced a landmark JV in Morocco which aims to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets.
ACME Group and Hydrogenious LOHC Technologies to jointly explore hydrogen value chains from Oman to Europe
ACME Group and Hydrogenious LOHC Technologies, have signed a Memorandum of Understanding to collaborate on a feasibility study to explore the joint development of large-scale hydrogen supply chains from ACME’s projects in Oman to supply hubs in Europe using the innovative LOHC technology.
Shell sees significantly lower Q1 LNG trading results
Shell said it expects significantly lower results from its LNG trading business in the first quarter of 2024 compared with the previous three months.
Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
Aramco awarded engineering, procurement and construction contracts worth $7.7 B for a major expansion of its Fadhili Gas Plant in the Eastern Province of Saudi Arabia.
QatarEnergy to charter 19 new LNG vessels expanding fleet further
QatarEnergy CEO Saad Al Kaabi announced that the company has finalized a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.
ExxonMobil ahead of schedule on doubling LNG portfolio, exec says
ExxonMobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 MMtpy by 2030 and will focus on selling its own gas rather than trading that of third parties.
Saudi Aramco gas output to rise 60% by 2030
Saudi state energy giant Saudi Aramco will increase gas output by 60% by 2030, Aramco's Executive Vice President for Strategy and Corporate Development Ashraf Al Ghazzawi said at an energy conference.
Global LNG market will 'be tight' until 2026 - TotalEnergies CEO
The global LNG market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said at a conference in Houston.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
