Middle East pipeline news
Saipem completes Saudi pipelines project
The ‘South Gas Compression Plant Pipelines’ project is designed to increase the life of a large number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia.
UTEC strengthens survey services with Front End partnership
UTEC strengthens survey services with Saudi-owned Front End strategic partnership.
GlobalData on the implications of Israel-Palestine war on the global oil and gas markets
While direct implications of the Israel-Palestine conflict on global oil and gas supplies are not yet clear, long-term consequences will only be determined by the duration of the ongoing war.
MENA to become a leading green iron and steel hub
According to a new report from the IEEFA, MENA could become a world leader in truly green steel and the newly emerging green iron trade.
Rystad Energy on Saudi Arabia crude production cuts
Rystad Energy’s Senior Vice President, Jorge Leon, says all eyes are on Vienna as Saudi weighs extension of crude output cuts into 2024.
Vallourec records several major orders from Aramco
These orders total more than US$300 million and supplement Vallourec’s recent successes in the region.
Iraq and APIKUR discuss pipeline restart
The meeting involved the resumption of flows from the embattled export pipeline from Iraq to Turkey.
OQ raises US$750 million in IPO
OQ offered about 2.1 billion shares in the IPO, representing a 49% stake in OQGN.
Brent crude oil prices soar amid Israel-Hamas conflict
The Israel-Hamas military conflict has resulted in a US$3.10 increase in the price of Brent crude to US$87.68 a bbl at 0400 GMT.
Rystad Energy explores crude balances as Israel conflict escalates
The most pronounced impact on the oil market is anticipated from secondary drivers.