Latest Stories

Saudi Arabia, India speed up development of West Coast Refinery Project

14 September 2023

Crown Prince Mohammed Bin Salman of Saudi Arabia and Indian Prime Minister Narendra Modi agreed on a state visit to establish a joint taskforce to expedite development of the $50bn West Coast Refinery Project, facilitating a further $100bn in funding

Kuwait to increase role of local contractors in output expansion

14 September 2023

Kuwait is looking to raise the profile of domestic oil services firms as part of efforts to raise oil production capacity in the country.

Freeport LNG’s gas intake cut significantly for four days in a row

14 September 2023

The US’s second largest LNG facility Freeport LNG has had its gas intake cut sharply for a fourth day in a row on September 12, according to data from the London Stock Exchange Group (LSEG).

Iraq approves ExxonMobil’s departure from West Qurna-1

14 September 2023

The Iraqi Council of Ministers last week gave its approval for a deal that will see the US super-major relinquish its 32.7% operated stake in the supergiant West Qurna-1 (WQ1) oilfield project.

Israel sees big role in planned India-Middle East-Europe link

14 September 2023

Israeli Prime Minister Benjamin Netanyahu has welcomed the announcement from the G20 meeting in New Delhi that an economic corridor is to be established that will run between India, the Middle East and Europe.

US was world’s top LNG exporter in first half of 2023

14 September 2023

The US was the leading exporter of LNG globally in the first half of 2023.

Masirah resumes production at Yumna offshore Oman

14 September 2023

Masirah Oil Ltd (MOL) has resumed oil production at Oman’s offshore Yumna field following a temporary suspension of operations caused by a leak in a flowline on August 9.

OQ posts $1.1bn net profit for first-half 2023

14 September 2023

Omani NOC OQ this week provided an operational update covering the first half of 2023.

Chevron and striking Australian LNG employees to meet at tribunal on September 22

14 September 2023

Chevron and striking workers at the company’s LNG plants in Australia will have their dispute heard by an industrial relations tribunal on September 22.

ADNOC Gas signs LNG supply deal with PetroChina

14 September 2023

ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced on September 8 that it has signed an LNG supply agreement with PetroChina International Company.

Tellurian shifts to allow non-equity holders of Driftwood to purchase offtake agreements

14 September 2023

US LNG developer Tellurian is changing course on financing for its long-delayed Driftwood LNG project planned for the west bank of the Calcasieu River south of Lake Charles in Louisiana.

COMMENT: What to expect if Bulgaria expels Lukoil

14 September 2023

Russian oil company effectively used its business activities to develop enormous political leverage in Bulgaria.

Eni expects North Africa to be Italy’s main source of gas for the next few years

14 September 2023

Eni expects three North African countries to be Italy’s main suppliers of natural gas for the next few years.

Chevron buys majority stake in largest green hydrogen storage project

13 September 2023

Oil supermajor Chevron has purchased a majority stake in the ACES Delta project in central Utah, which is slated to be the world’s largest green hydrogen storage plant.