Middle East
Upcoming Capacity Additions Expected to Pay Off for Regional Demand
Following the trend of refinery closures and feedstock conversions over the last couple of years, some projects from around the world are approaching startup after years of development. Despite the new focus on renewable fuel development projects spreading across Europe and North America, other are..
Baker Hughes announces major LNG order from QatarEnergy for the North Field South (NFS) project
HOUSTON and LONDON, April 03, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an order to be booked in the first quarter of 2023 with longtime partner QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas. The MRCs are part of two LNG “mega trains” representing 16 million tons per annum (MTPA) of additional capacity that is estimated to further boost Qatar’s LNG production capacity to 126 MTPA, helping to propel Qatar as a leader in global LNG production by 2027.
Excelerate Energy Extends Time Charter Agreement with Dubai Supply Authority
THE WOODLANDS, Texas--(BUSINESS WIRE)-- Excelerate Energy, Inc. (the "Company" or "Excelerate") (NYSE: EE) announced today the extension of its Time Charter Agreement with Dubai Supply Authority ("DUSUP") for the FSRU Explorer. Prior to this agreement, the FSRU Explorer had a remaining firm charter period of approximately three years. Under the terms of the new agreement, the time charter period will be extended by an additional five years from the end of the existing contract in the fourth quarter of 2025.
Petrojet Has Signed an EPC Contract with Luberef for Production Facility in Yanbu in KSA
Petrojet - the executive arm for the Egyptian Petroleum Ministry- has signed an EPC contract with LUBREF ( Saudi Aramco Base Oil Company ) for carrying out the second phase of development named Growth - 2 Expansion Project, the agreement seeks to raise the Yanbu Facility’s base oil production capacity to approximately 1.3 million metric tons per year in 2025. Additionally, the contract will further enable Luberef to flexibly produce Group-II and Group-III base oils based on market demands.
ADNOC Announces Gas IPO
ADNOC, the Abu Dhabi state-owned energy company has announced its intention to float a stake in ADNOC Gas plc (“ADNOC Gas” or the “Company”), a world-class, large-scale integrated gas processing company, on the Abu Dhabi Securities Exchange (“ADX”) through an Initial Public Offering (“IPO”). ADNOC intends to offer approximately 4% of the total issued share capital of the Company.
Brunsbuttel FSRU Recieves First Cargo
The partnership between RWE and the Abu Dhabi National Oil Company (ADNOC) for the supply of Liquefied Natural Gas (LNG) is becoming visible with the arrival of the “Ish” as the first LNG cargo at the Brunsbuettel Elbehafen port. Here, the LNG will be regasified and fed into the German gas grid via the Floating Storage and Regasification Unit (FSRU) “Hoegh Gannet”, which was chartered by RWE on behalf of the German government. 137,000 cubic metres of LNG were shipped by ADNOC from Das Island, Abu Dhabi, to Brunsbuettel. This corresponds to more than 82 million cubic metres of regasified natural gas and to approximately 900 million kilowatt hours of energy. The LNG is to be fed into the grid from the end of February as part of the commissioning phase of the FSRU, which is currently underway.
DEWA and ENOC sign a Memorandum of Understanding to develop and operate a joint integrated pilot project for the use of hydrogen in mobility
The MoU was signed on the first day of the World Government Summit 2023. The signing ceremony was attended by officials from the Dubai Supreme Council of Energy, DEWA, and Enoc.
A Step Toward a Greener Future – Brooge Renewable Energy Ltd and Siemens Energy Announce Partnership at the 2023 World Government Summit to Pioneer Green Hydrogen and Ammonia Initiative in Abu Dhabi
Brooge Energy Ltd, a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, today announced a partnership through the company’s subsidiary Brooge Renewable Energy (“BRE”) with Siemens Energy (“SE”), one of the world’s largest energy technology companies, to build a PV solar farm to supply BRE’s Green Hydrogen and Green Ammonia project in Abu Dhabi, United Arab Emirates at the World Government Summit 2023 taking place on February 13 – 15, 2023 in Madinat Jumeirah, Dubai, United Arab Emirates.
HYDROM extends bid submissions for Phans A Round 1 by 1 month
As part of Oman Green Hydrogen Auction process, Hydrom is announcing that the bid submission deadline for Phase A Round 1 has been extended by 1 month. Bidders are now expected to submit their proposals by 15th of March 2023
Emerson Selected to Automate Largest Ethane Cracker in Middle East
Global software and engineering leader Emerson (NYSE: EMR) will provide automation technologies, software and analytics for the Ras Laffan Petrochemical Complex in Qatar as part of a consortium with Viasat Energy Services, a division of global communications company Viasat (NASDAQ: VSAT). The $6 billion integrated polymers project, a joint venture between QatarEnergy and Chevron Phillips Chemical, is currently under construction and scheduled to go online in late 2026.
TA’ZIZ and Proman Sign Shareholders’ Agreement to Develop UAE’s First Methanol Facility
bu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and PROMAN AG (Proman), one of the world’s leading producers of methanol, have signed a shareholders’ agreement to develop the United Arab Emirates’ (UAE) first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Al Ruwais Industrial City, Abu Dhabi.
QatarEnergy and Chevron Phillips Chemical Make a $6 Billion FID for the Ras Laffan Petrochemical Complex in Qatar
In early January 2023, QatarEnergy announced that it had made a Final Investment Decision alongside Chevron Phillips Chemical (CPChem) to build the Ras Laffan Petrochemicals Complex in Qatar for $6 billion dollars. QatarEnergy stated that this is the largest petrochemical investment in Qatar that they have ever made.
Aramco, Sinopec and SABIC expand refining and petrochemical cooperation
The Saudi Arabian Oil Company (“Aramco” or “the Company”), one of the world’s leading integrated energy and chemicals companies, China Petroleum and Chemical Corporation (“Sinopec”) and SABIC, are exploring collaboration across refining and petrochemical projects in China and Saudi Arabia.
Aramco and TotalEnergies to build a giant petrochemical complex in Saudi Arabia
The Saudi Arabian Oil Company (“Aramco”) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast. The investment decision is subject to customary closing conditions and approvals.
SABIC to Study Oil-to-Chemicals Project in Ras Al-Khair
SABIC, a global leader in diversified chemicals, announced on Wednesday its intention to study the establishment of a complex to convert oil and liquids into petrochemicals in Ras Al-Khair in the Kingdom of Saudi Arabia.
KIPIC Begins Initial Phase of Al Zour Refinery
Kuwait Integrated Petroleum Industries Co (KIPIC) has reportedly stated that the first phase of Al-Zour refinery has started commercial operations, according to state news agency KUNA.
Site Construction Underway at TA’ZIZ and Next Major Phase of Growth Launched
Abu Dhabi National Oil Company (ADNOC) and ADQ, the majority shareholders in TA’ZIZ, launched, today, the next phase of growth at the TA’ZIZ Industrial Chemicals Zone, in Al Ruways Industrial City, which will more than double the number of chemicals produced at the industrial hub.
QatarEnergy Selects ConocoPhillips as a Partner in the NFS Expansion Project
QatarEnergy announced that it has selected ConocoPhillips as its third and final international partner in the North Field South (NFS) expansion project, which comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA).
Shell selected as partner in the North Field South LNG project
Shell has been selected to participate in the next wave of Qatar’s LNG expansions – the North Field South project (NFS). Shell will obtain a 9.375% participating interest in the 16 Mtpa NFS project – out of a total 25% interest available for international partners. QatarEnergy will hold the remaining 75%
Qatar: TotalEnergies Selected as QatarEnergy’s First Partner in the North Field South LNG project
Following its selection as the first partner for the 32 million ton per annum (Mtpa) North Field East (NFE) liquefied natural gas (LNG) project, TotalEnergies has again been selected as the first international partner in the 16 Mtpa North Field South (NFS) LNG project. Pursuant to the agreement, TotalEnergies will obtain a 9.375% participating interest in the NFS project – out of a total 25% interest available for international partners – while the national company QatarEnergy will hold the remaining 75%.
RWE and ADNOC Agree on First LNG Delivery to Floating LNG Import Terminal at Brunsbuettel
RWE has reached agreements with two companies from Abu Dhabi: With Abu Dhabi National Oil Company (ADNOC) on LNG supplies and with Masdar, Abu Dhabi’s flagship renewable energy company, on cooperation in offshore wind.
QatarEnergy Renewable Solutions and QAFCO launch the world's largets blue ammonia facility
QatarEnergy’s affiliates, QatarEnergy Renewable Solutions and Qatar Fertiliser Company (QAFCO) signed agreements today for the construction of the Ammonia-7 Project, the industry’s first world-scale and largest Blue Ammonia project. QatarEnergy Renewable Solutions (owned 100% by QatarEnergy) and QAFCO (owned 100% by QatarEnergy’s subsidiary, Industries Qatar which is listed on the Qatar Stock Exchange), have joined hands to establish the Ammonia-7 Project, which will have a capacity of 1.2 million tons per annum (MTPA) of Blue Ammonia, making it the world’s largest such facility. With a targeted start-up date of Q1 2026, the new plant will be located in Mesaieed Industrial City (MIC) and will be operated by QAFCO as part of its integrated facilities.
Reliance Industries Announces Five Year Plan for its Oil to Chemicals Business
Reliance Industries Limited (RIL) Chairman Mukesh Ambani spoke at the company’s 45th Annual General Meeting this week, and he outlined some goals for the next five years of RIL’s petrochemical development. Mr. Ambani stated that “We are committed to maximize oil to chemicals integration and convert our advantageous feedstock streams to high-value chemicals and green materials."
Aramco and Sinopec sign MoU to collaborate on projects in Saudi Arabia
audi Arabian Oil Company (“Aramco”) today signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
QatarEnergy Selects Shell, Concludes International Energy Company Partner Selection in the NFE Expansion Project
QatarEnergy announced the selection of Shell plc. as partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.
Shell to Participate in Qatar’s LNG Expansion
Shell has been selected by QatarEnergy as a partner in the North Field East expansion project in Qatar, the single largest project in the history of the liquefied natural gas (LNG) industry. Shell will hold a 25 per cent share in a joint venture company which will own 25 per cent of the North Field East expansion project, including the four mega LNG trains with a combined nameplate LNG capacity of 32 million tonnes per annum.
QatarEnergy Selects ExxonMobil as the Fourth Partner in the North Field East Expansion Project
QatarEnergy announced that it has selected ExxonMobil as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.
QatarEnergy Selects ConocoPhillips as the Third Partner in the North Field East Expansion Project
QatarEnergy announced that it has selected ConocoPhillips as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.
QatarEnergy Selects Eni as the Second Partner in the North Field East Expansion Project
QatarEnergy announced that it has selected Eni as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.
Qatar: TotalEnergies the First Company Selected to Partner with QatarEnergy on the Giant North Field East LNG Project
Following the request for proposals in relation to partner selection for the North Field East (NFE) liquified natural gas project, TotalEnergies has been awarded a 25% interest in a new joint venture (JV), alongside national company QatarEnergy (75%). The new JV will hold a 25% interest in the 32 million tons per annum (Mtpa) NFE project, equivalent to one 8 Mtpa LNG train.
