- 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
UAE: ADNOC acquires more supertankers (Ultra-max)
ADNOC Logistics and Services, the shipping and maritime logistics arm of the ADNOC Group, announced the acquisition of a supertanker of the Tramax type for the transport of dry bulk cargo (According...
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Natural Gas: Bleak outlook for world demand due to Corona-virus
According to the new International Energy Agency report “Global Gas Security Review 2020”, global demand for natural gas is expected to decrease this year by 3%, or 120 billion cubic...
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IEG: ECOMONDO AND KEY ENERGY From 3rd to 6th November 2020 At Rimini Expo Centre (ITALY) The Great Appointment with the Green Economy
https://en.ecomondo.com Rimini (Italy), 23rd October 2020 – The countdown has begun. Ecomondo and Key Energy are returning to Rimini expo centre (Italy) from 3rd to 6th November. The figures...
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UAE: Refining and petrochemicals of top priority, while focusing on Ruwais refinery to become the largest in the world
Ruwais refinery has witnessed increases and expansions in stages, but the long-term plans aims at raising the current refining capacity in the giant Ruwais complex by 922 thousand barrels per day to...
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Kuwait may be in urgent need to borrow 66 billion dollars
Due to the repercussions of the Coronavirus pandemic and the fall in oil prices, Kuwait is currently going through one of its worst financial crises. Some sources estimate that the general budget...
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Saudi Arabia: Aramco commits to pay $69 billion to buy a 70% stake in SABIC
Aramco will pump large sums ($ 69 billion) to the Public Investment Fund, which is the main financier of the Kingdom’s ambitious economic program, in exchange for its acquisition of a majority...
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South Sudan: Oil production fell to 175,000 barrels per day, and the licensing round was mandatory postponed to 2021
Oil production in southern Sudan has been affected by the Corona virus. The production has decreased to 175 thousand barrels per day currently. A senior oil ministry official says that restricting...
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In Italy, Ecomondo and Key Energy 2020 on environmental topics in North Africa, (In total safety at Rimini Expo Centre)
20 October 2020 The potential for windpower in North Africa, the transition towards renewable energies, groundcare on a planetary scale, and once again, the central themes of the Green New Deal and...
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UAE – ADNOC focuses on achieving smart and sustainable growth And continues to enhance flexibility
Abu Dhabi News Agency reported that Sultan Al Jaber, Minister of Industry and Advanced Technology and CEO of ADNOC and its group of companies, affirmed that ADNOC will continue to focus on improving...
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Libya – Increasing in oil production after the lifting of force majeure in the Sharara oil field
Libya’s National Oil Company (NOC) has announced that the force majeure at Sharara oilfield has been lifted with immediate effect and that production has resumed since the October 11, 2020. This...
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