News / International

Halliburton Wins Eni Contract for Cyprus’ Cronos Deepwater Development

Halliburton has secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater gas development in Block 6 of Cyprus’ Exclusive Economic Zone (EEZ), expanding the US oilfield services company’s role in the Eastern Mediterranean offshore gas sector.
Under the multi-year contract, Halliburton will provide integrated drilling, well construction, automation, and completion services for Cronos exploration and development wells.

Aramco Halts October Crude Deliveries to Some European Refiners After Pipeline Attack

Saudi Aramco has told at least two European refiners they will receive no crude oil in October after drone attacks disrupted Saudi Arabia’s East-West pipeline and Red Sea exports, Bloomberg reported.

Iraq Moves Southern Crude by Truck to Boost Türkiye Exports

Iraq has launched a pilot operation to transport crude oil from its southern fields by truck to a storage facility in Kirkuk, seeking to increase supplies to the northern export system and boost shipments through Türkiye’s Ceyhan port.
The trial, conducted from September 13 for two days, moved slightly more than 6 million liters of crude, equivalent to about 38,000 barrels, using 209 tanker trucks, each with a capacity of 30,000 liters.

Asian LNG Demand to Fall for Second Year Amid Gulf Supply Disruptions

Asian LNG demand is expected to decline for a second consecutive year as Gulf supply disruptions push prices higher, with Northeast Asia accounting for most of the decline.

Saudi Arabia Reroutes Crude Exports After East-West Pipeline Attack

Saudi Arabia is rerouting crude exports and offering additional volumes to Asian buyers through alternative shipping arrangements after drone attacks disrupted its key East-West pipeline and halted loadings at Yanbu.

ADNOC Secures Iraqi Crude at Steep Discounts

Abu Dhabi National Oil Company (ADNOC) has agreed to buy up to 72 million barrels (mmbbl/s) of Iraqi crude for August and September at steep discounts, Reuters reported, citing Iraqi sources.

Libya Targets 4 bcf/d Gas Production Within Five Years

Libya plans to raise natural gas production to at least 4 Bcf/d within three to five years, leveraging its discovered gas resources, Oil and Gas Minister Khalifa Rajab Abdulsadek said.

China, India LNG Demand Poised for Recovery as Global Supply Eases

China and India’s liquefied natural gas (LNG) imports are expected to recover from multi-year lows once the Middle East supply crunch ends and prices decline, Reuters reported, citing industry executives.

ADNOC’s XRG Finalizes Acquisition of 12.5% Stake in Azerbaijan’s Southern Gas Corridor

XRG, the international energy investment platform wholly owned by Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of a 12.5% stake in Azerbaijan’s Southern Gas Corridor CJSC (SGC) from the country’s Ministry of Economy after securing the required regulatory approvals.
The transaction strengthens XRG’s position across the Caspian gas value chain by combining its upstream interests in Azerbaijan and Turkmenistan with strategic gas-export infrastructure connecting Caspian resources to Türkiye and European markets.

Venture Global Signs 20-Year LNG Supply Deal With China Gas

Venture Global will supply China Gas with 0.5 MTPA of US LNG under a 20-year agreement starting in 2030.

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