Middle East
ADNOC Scraps Plans for 400,000 bpd Ruwais Refinery
ADNOC of Abu Dhabi stated this week that it will cease its current plans for a new 400,000 barrels per day refinery in Ruwais, Abu Dhabi. Changes in the economy for the project were cited as the likely reason for this decision.
GEI Hydrogen Project Playbook – Issue 2
The GEI Data Research Team looks at the new hydrogen projects added to our database and the progress made on existing developments. Issue 2 of the Hydrogen Project Playbook looks at September.
Qatar Petroleum commences LNG ship orders for the North Field expansion projects
Qatar Petroleum announced today that it has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group Co. Ltd. (Hudong), a wholly owned subsidiary of China State Shipbuilding Corporation Limited (CSSC).
Qatar Deals with China Again
Qatar Petroleum has entered into a long-term Sales and Purchase Agreement (SPA) with a subsidiary of CNOOC.
KNPC’s Clean Fuels Project Begins Operations
Kuwait National Petroleum Co (KNPC) has successfully begun full operations at its ambitious Clean Fuels Project (CFP) in Kuwait. This project was developed over a six-year period at a cost of nearly $16 billion dollars.
Will Hydrogen Take Off in the Aviation Sector?
As the world recovers from the Covid-19 pandemic, business and leisure air travel will become a viable option again, the need to move people across the globe will return and the aviation industry plays a key role in this.
GEI Hydrogen Project Playbook – Issue 1
The GEI Data Research Team looks at the new hydrogen projects added to our database. Forty-one new projects were added to our database in the last four weeks across green, turquoise, blue and transportation hydrogen all are currently planned or proposed.
LNG Projects Aim to Shrug Off Challenging Year
Progress has been slow on both the liquefaction and regasification sides over the past 12 months, but numerous new developments are planned.
Qatar Petroleum awards North Field Expansion liquid products storage & loading EPC contract
Qatar Petroleum announced the awarding of a major engineering, procurement, and construction (EPC) contract for its North Field Expansion Project to Técnicas Reunidas S.A., a Madrid based contractor that provides EPC services to the energy industry.
China Steps Further into Iraq with New Refinery Agreement
The Iraq Ministry of Oil recently announced that China had agreed on a plan for the funding, construction, and operation of a new refining and petrochemical complex in Southern Iraq.
HYPORT Duqm signs cooperation agreement with Uniper to explore green ammonia offtake
Oman’s strategic green hydrogen project HYPORT Duqm has signed a cooperation agreement with energy giant Uniper. Under the cooperation, Uniper will be joining the project team to provide engineering services and negotiate an exclusive offtake agreement of green ammonia.
The World in Review
BP’s annual Statistical Review of World Energy was launched virtually by Chief Economist Spencer Dale on 8 July.
Qatar Petroleum and Korea Gas Corporation (KOGAS) signs a 20-year SPA to supply 2 Million tons of LNG Annually
Qatar Petroleum entered into a new, 20-year Sale and Purchase Agreement (SPA) with Korea Gas Corporation (KOGAS) for the supply of 2 million tons per annum (MTPA) of LNG to the Republic of Korea.
Qatar Petroleum signs a 15-year SPA to supply 1.25 MTPA of LNG to CPC Corporation, Taiwan
Qatar Petroleum today entered into a 15-year LNG Sale and Purchase Agreement (SPA) with CPC Corporation, Taiwan (CPC) for the supply of 1.25 million tons per annum (MTPA) of LNG.
Qatar Petroleum signs SPA to supply China with 1 MTPA of LNG for ten years
Qatar Petroleum today entered into a long-term Sale and Purchase Agreement (SPA) with Shell for the supply of 1 million tons per annum (MTPA) of LNG to the People's Republic of China for ten years. LNG deliveries will commence in January 2022 to various LNG terminals in China.
Reliance and ADNOC Team Up for Ruwais Petrochemical Complex
Reliance Industries of India and Abu Dhabi National Oil Co (ADNOC) have signed an agreement for a significant new petrochemical project to be set in Ruwais, as jointly announced by both companies.
Qatar Petroleum has received offers for double the equity available in the North Field East project (NFE)
His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, The President and CEO of Qatar Petroleum, said Qatar Petroleum has received offers for double the equity available to potential partners in the bidding process for the North Field East project.
EIG-Led Consortium Closes $12.4 Billion Infrastructure Deal with Aramco
EIG, a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today announced the closing of its previously announced transaction with Saudi Arabian Oil Co. (“Aramco”), under which a consortium of investors acquired a 49% equity stake in Aramco Oil Pipelines Company (“Aramco Oil Pipelines”), a newly formed entity with rights to 25 years of tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network.
Gwadar Refinery Plans are Shifting Over to Karachi
Saudi Arabia has reportedly altered its intentions to build a new refinery in Gwadar over to a new location near Karachi. Gwadar has been considered a key piece for the China-Pakistan Economic Corridor, and this decision to move away is likely a detriment to the plans for this hub.
Siemens Energy inaugurates industrial scale green H2 project in MENA Region
Siemens Energy, in collaboration with Dubai Electricity and Water Authority (DEWA) and Expo 2020 Dubai, has inaugurated the first industrial scale, solar-driven green hydrogen facility in the Middle East and North Africa.
Engro Contracts Honeywell UOP and W.R. Grace for Technologies at PDH/PP Complex
Engro of Pakistan recently announced it has chosen Honeywell UOP and W.R. Grace for respective technologies to be utilized at the company’s upcoming Propane Dehydrogenation and Polypropylene (PDH/PP) production facility in Karachi, Pakistan.
Amazon renewables drive
Amazon the America multinational technology company, most popular as an online retailer, has been in recent years driving to a more sustainable carbon footprint. In 2019 the enterprise-wide carbon footprint from direct and in-direct operational activities was 51.17 MMT CO2e according to the business’s website.
Samsung Signs on to Build Significant Saudi Arabian PDH Plant
Samsung Engineering of South Korea recently stated that it has been awarded a contract valued at $653 million dollars for the construction of a propane dehydrogenation plant (PDH) in Saudi Arabia.
Rabigh Solar PV IPP Project in the Kingdom of Saudi Arabia
Marubeni Corporation (Marubeni) signed a Power Purchase Agreement with the Saudi Power Procurement Company (SPPC) through a Special Purpose Company (SPC) established with Al Jomaih Energy & Water Company Limited (Al Jomaih) in January 2021. In March 2021, a loan agreement for limited-recourse project financing for the Rabigh Solar PV IPP Project was signed, and EPC (Engineering, Procurement and Construction) work on the project proceeded the following month.
Hydrogen – data telling a story
The Global Energy Infrastructure (GEI) team held a webcast earlier in March which looked at trends in traditional and new energy markets which reveals major trends in global energy markets.
Pakistan Poised for Progress with Saudi Aramco’s $10 billion “Oil City” in Gwadar
It was recently reported that Pakistan will indeed begin plans for a significant refinery complex to be built in Balochistan’s Gwadar district.
Qatar Petroleum Moves Forward with North Field East LNG Project
State owned Qatar Petroleum (QP) recently announced that it will indeed proceed with the nearly $30 billion-dollar North Field East (NFE) LNG export project in the country. The company added that it is believed to be the world’s largest of its kind.
Qatar expansion gets the go ahead
Qatar Petroleum has taken FID on four more trains at Ras Laffan, the most competitive LNG project in the world.
Maire Tecnimont SpA Signs on for Two New EPC Contracts at the Heydar Aliyev Baku Refinery
Maire Tecnimont SpA of Italy announced on February 3, 2021 that two of its subsidiaries will provide engineering, procurement and construction (EPC) services as part of the modernization program underway at the Heydar Aliyev Oil refinery in Baku, Azerbaijan.
Data is king, integration is queen
Harnessing the power of data science and real-time intelligence offers a powerful single view of the market Few people know that data intelligence firm Kpler’s journey actually started in 2014, when the founders were told by an LNG trader: “I receive many proposals for ship-tracking software, but I don’t care about the ships. I care about cargoes into them, their volumes and the commercial information related to them”.
