News / International

Sinopec Launches 500-Ton Bio-Aviation Fuel Shipment to Hong Kong

Sinopec has started its bio-aviation fuel shipment to Hong Kong, marking the first-ever among Chinese companies outside the Chinese Mainland.
The Sheng You 238 vessel, loaded with 500 tons of bio-aviation fuel, set sail from Sinopec Zhenhai Refining & Chemical Company (ZRCC) on February 26, heading straight for Hong Kong International Airport. The bio-aviation fuel, considered a Sustainable Aviation Fuel (SAF), is derived from renewable resources of animal fats, vegetable oils, and used cooking oil. It reduces emissions by more than 50% across its life cycle.

Sonatrach Signs $850M New Hydrocarbon Contract with Sinopec

Sonatrach signed on February 25 with Sinopec International Energy Investment (HK) Holding Ltd, a new hydrocarbon contract worth in the form of production sharing on the Hassi Berkane Nord (HBAN) field. The contract, worth $850 million, involves Sonatrach and Sinopec to carry out a minimum research and assessment work program to enhance and develop the hydrocarbons in the Hassi Berkane Nord area located between the wilayas of Ouargla and El Meniaa and 80km from Hassi Messaoud.

Petronas Enters Agreement with Sabah Energy to Supply Natural Gas Supporting Steel Industry

PETRONAS announced that it, through Malaysia Petroleum Management (MPM), has formalized an agreement with Sabah Energy Corporation Sdn Bhd (SEC) for supplying additional 104 million standard cubic feet per day (mmscfd) of natural gas to support Sabah’s industrial and energy needs.

Iraq, Foreign Oil Companies Issue Contradictory Statements on Resumption of Kurdish Exports

Eight international oil companies operating in Iraq's semi-autonomous Kurdistan region announced that they would not resume oil exports through Turkey's Ceyhan port on Friday, despite Baghdad's declaration that the restart was imminent.

India to Commission World’s Longest LPG Pipeline

By June, India's state-run refiners will complete the commissioning of the world's longest liquefied petroleum gas pipeline, marking a significant milestone that will substantially reduce fuel transportation costs and mitigate the risk of fatal road accidents.

Sayma Cox Joins Energean Board as Independent Non-Executive Director

Energean announce that Sayma Cox will be joining its Board as an Independent Non-Executive Director, effective 1 March 2025. With 27 years of global experience in the energy sector, Sayma brings a wealth of expertise in upstream oil and gas, safety, asset optimization, and energy transition, including Carbon Capture and Storage (CCS).

Egypt Expands Energy Cooperation with Cyprus, Saudi Arabia, and Greece

Presudent Abdel Fattah El-Sisi and Nikos Christodoulides, President of Cyprus, witnessed the signing of an agreement between the two countries to start developing Cypriot natural gas discoveries, using Egyptian infrastructure during EGYPES 2025.

ADNOC Distribution Achieves Record EBITDA, Expands Operations in 2024

ADNOC Distribution reported its highest-ever EBITDA of $1.05 billion in 2024, marking a 4.8% year-on-year increase. The underlying EBITDA, excluding inventory gains and one-off items, rose by 11.4% to $989 million. This performance was driven by robust fuel volumes, significant non-fuel retail growth, and increased contributions from international operations in Saudi Arabia and Egypt, said ADNOC Distribution.

Canada’s AltaGas Signs Long Term LPG Processing Deals with Keyera

Canada-based energy infrastructure firm AltaGas has signed long-term agreements with pipeline operator Keyera for processing liquefied petroleum gases (LPGs), as Canada seeks to reduce their dependence on US market in light of recent tariffs imposed by US President Donald Trump.

Dana Gas Revenue Surges to $445M in 2024, Net Profit Up 15%

Dana Gas has reported revenue growth of 5% in 2024, reaching $445 million, up from $423 million in 2023, driven primarily by the recognition of additional revenue from improved fiscal terms under the recently signed Consolidated Concession Agreement in Egypt. Net profit stood at $151million, compared to $160 million in 2023, after a one-off impairment charge of $33 million in Egypt related to past costs of old concessions. Excluding this one-off impairment, net profit for the year was $184 million, a 15% increase from $160 million in 2023.

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