Middle East | Egypt Oil & Gas

LNG Freight Prices Surge to Highest Level in 8 Months Due to Tanker Scarcity, Regional Conflict

Liquefied natural gas shipping costs have surged to their highest level in roughly eight months, driven by reduced vessel availability as more tankers are redirected to Asia amid rising tensions in the Middle East ...

Shell Exercises “Very careful” Strategy with Middle East Shipments

Wael Sawan, the CEO of Shell stated that his company is being "very careful" with its Middle East shipments, due to the Israel-Iran conflict, to ensure not taking unnecessary risks, Reuters reported.

 Gazprom Establishes Middle East Unit

Gazprom, the Russian majority state-owned multinational energy corporation, is establishing unit in the Middle East, Reuters reported.

Wintershall Dea Egypt’s External Revenues Reach €103M in Q3 2022

Wintershall Dea announced its external revenues in its Egypt profile to record €103 million in Q3 2022, compared to €99 million recorded in Q3 2021.

Qatar Inaugurates Al-Kharsaah Solar Power Plant

His Highness Sheikh Tamim bin Hamad Al Thani today inaugurated the Al Kharsaah solar power plant that was built by TotalEnergies and its partners QatarEnergy and Marubeni.

INE Approves PetroChina as Storage Facilities for LSFO Futures  

Shanghai International Energy Exchange (INE) approved PetroChina International Middle East as overseas storage facilities for lower Sulphur fuel oil (LSFO) futures.

 Indian Oil Imports from Africa, US Rise in November

Data obtained from industry sources showed that Indian oil imports from Africa and US, in November, has risen but dropped from Middle East and Latin America.

Arabian Drilling Awards Siemens Modernization Contracts

Arabian Drilling Company awarded a contract to Siemens, under which Siemens is going to modernize a full drilling-drives package and cooling system on a jack-up rig in the Middle East.

El Molla: The Middle East is a Natural Gas Basin

The Minister of Petroleum and Mineral resources, Tarek El Molla, said that the East Mediterranean is considered to be a global basin of natural gas, having great energy potential to support the regional cooperatio ...

Iran to Lead the Middle East in Pipeline Additions

Iran is expected to be a leading country in the Middle East's oil and gas sector when it comes to new-build trunk/transmission pipeline length additions.

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