The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low in September, but industry sources expect output supply cuts, led by Saudi Arabia, to cap freight rates for the rest of the year…
The CEOs of top Saudi Arabian and U.S. oil producers Aramco and Exxon Mobil on Monday pushed back against forecasts that oil demand will peak, and said the transition to cleaner energy to fight climate change would require continuing investment in conventional oil and gas…
Qatargas has changed its name to “QatarEnergy LNG,” to emphasize a future vision for Qatar’s liquefied natural gas (LNG) industry, QatarEnergy said Thursday.'With a new name and logo, “QatarEnergy LNG” will continue to deliver on its commitment to safety…
Oil and gas driller ADES Holding, backed by Saudi Arabia's sovereign wealth fund, began marketing its initial public offering on Sunday, seeking 12.50 riyals to 13.50 riyals a share.ADES plans to raise as much as 4.57 billion riyals ($1.22 billion)…
Abu Dhabi's ADNOC Gas said on Thursday it had signed a five-year deal to supply liquefied natural gas (LNG) to Japan Petroleum Exploration Co (Japex). The deal is valued at between $450 million to $550 million, ADNOC Gas said, without providing LNG volumes or timing for the shipments start…
Iran's oil exports have surpassed the government's 1.4 million barrels per day target, the head of Iran's Plan and Budget Organisation said on Sunday, according to the semi-official Tasnim news agency. 'Based on Iran's current budget, the government aims at exporting 1…
Al Yamama, the first of three new Incat Crowther 33 crew boats designed for Nakilat Svitzer Wijsmuller (NSW), has been officially launched in Singapore by shipbuilder Lita Ocean.NSW Al Yamama, with its homeport of Doha, will serve as wellhead maintenance vessels for QatarEnergy in the Middle East…
Saudi Aramco's CEO Amin Nasser said on Monday that the company's supplies to customers remain adequate even with recent voluntary oil production cuts by the kingdom, adding that global demand remained resilient despite economic headwinds.Saudi…
Iran's foreign minister has invited his Kuwaiti counterpart to Tehran, Kuwait said on Thursday, as tensions simmer over the offshore Durra gas field.Saudi Arabia and Kuwait claim exclusive joint rights to the field while Iran also claims a stake and says a Saudi-Kuwaiti agreement to develop it…
GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.The deal would be…
Saudi Arabia and Kuwait reaffirmed that they jointly own rights to natural resources in the Gulf's Durra gas field, Saudi state news agency SPA reported early on Thursday, citing a statement from the Saudi foreign ministry.The foreign ministry…
Jack-up drilling rig contractor Borr Drilling said Monday it had secured two letters of award ('LOA') for its premium jack-up drilling rigs 'Gerd' and 'Thor.'These awards increase the company's firm backlog by approximately 421 days, excluding optional periods…
Iran will pursue its rights over the Durra/Arash field if other parties shun cooperation, the country's Oil Minister Javad Owji said on Sunday, according to the Oil Ministry's SHANA news agency. 'If there is no willingness to cooperate, Iran will pursue its rights and benefits…
Kuwait oil minister Saad Al Barrak told SkyNews Arabia on Thursday that his country will start drilling and begin production at the Durra gas field without waiting for border demarcation with Iran. Al Barrak has previously said that Kuwait and…
Iran's foreign ministry will follow up on the Durra gas field known as Arash in Iran, the country's Oil Minister Javad Owji said on Wednesday according to semi-official Tasnim news agency.Kuwait and Saudi Arabia have 'exclusive rights' in the Durra gas field in the Gulf…
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