- UAE leaves OPEC in blow to global oil producers’ group
- Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports
- Libya signs preliminary agreement with Chevron to assess shale oil and gas resources
- Middle East conflict could cause 120 bcm of LNG supply loss from 2026-2030, IEA says
- Loss of energy output in MidEast will take about two years to recover, IEA says
- Egypt and Cyprus sign framework agreement for cooperation on gas
- Italy hopes to receive more gas from Algeria, Meloni says
- Kuwait oil CEO says Iran is ‘holding the world’s economy hostage’
- QatarEnergy says it needs to declare force majeure on some LNG contracts
- Saudi boosts Yanbu crude oil exports as it works around Hormuz halt, data shows
News
Saudi Aramco focuses on reducing carbon emissions from the oil and gas sector
During an interview broadcasted virtually as part of his participation in the International Petroleum Technologies Conference (IPTC) in the Malaysian capital, Kuala Lumpur, the Senior Vice President...
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UAE: ADNOC Logistics and Services acquires 6 mega-crude oil tankers
ADNOC Supplies and Services announced the acquisition of 6 giant crude oil tankers, through the purchase of two giant crude oil tankers that join the company’s fleet immediately, and a contract...
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Saudi Arabia: The CEO of Aramco expects an improvement in oil demand and prices in the near term
During his participation in a virtual discussion session at the Sierra Energy Week 2021 conference, Saudi Aramco President and Chief Executive Officer, Eng. Amin Hassan Al-Nasser, expressed his...
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Egypt is developing giant projects in the fields of solar and wind energy
With its installed capacity of about 3 GW, hydropower is considered the most important renewable energy source in Egypt, but it is expected that solar and wind energy will surpass it within two...
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Iraq plans to increase its oil export capacity to 6 million barrels per day
Iraq currently has a production capacity of 5 million barrels per day, and this capacity allows it to export more than 3 million barrels per day. Iraq is the second largest producer of crude oil in...
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Qatar Petroleum makes a final investment decision to go ahead with the world’s largest LNG project
While new energy projects are shrinking worldwide due to lower demand with the circumstances of the spread of the Corona virus, the government company “Qatar Petroleum” took a final...
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GLOBAL COMPRESSOR MARKET 2021
The oil and gas industry has been hit hard by the COVID-19 pandemic. However, in comparison to other energy sectors, such as exploration and production, which are more directly affected by volatility...
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Libya: The Oil Corporation aims to produce 2.1 million barrels per day in 2024.
The infrastructure of the oil sector in Libya suffers from deficiencies that make it in dire need of continuous maintenance work to repair what the war has damaged. The National Oil...
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Algeria: Continuous deterioration in the oil and gas sector due to mismanagement and lack of investment
Algeria’s oil and gas exports are constantly declining due to mismanagement and lack of investment in the energy sector. Observers believe that the decline is so steep and continuing that...
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The Saudi Minister of Energy warns against complacency in the production cuts, stressing that collective action is necessary to face the challenges
His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, affirmed that the historical production adjustments made by OPEC producing countries and producing countries...
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