Environment & Safety Gas Processing/LNG Maintenance & Reliability Petrochemicals Process Control Process Optimization Project Management Refining

Middle East

ADNOC makes strategic investment in Storegga, broadening its carbon management portfolio

ADNOC announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage projects.

Iran's oil trade with China stalls as Tehran demands higher prices

China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer.

OPEC December oil output rises by 70,000 bpd

OPEC and allies, known as OPEC+, agreed to cut their output target by 2 million barrels per day from November 2022 through 2023. As part of this, the 10 OPEC members bound by the deal had a target to produce 25.416 million bpd.

China's Rongsheng, Saudi Aramco in talks to buy stake in each other's units

Chinese privately-controlled refiner Rongsheng Petrochemical and Saudi Aramco are in talks for the Chinese company to buy a 50% stake in the Saudi company's refining unit SASREF.

Oil climbs as supply concerns deepen with Libyan oilfield disruption

Oil benchmark Brent rose by around a $1 a barrel, after reports of a disruption to Libya's top oilfield added to supply concerns emanating from tensions in the Red Sea.

India turns to Saudi as purchases of Russian oil fall in December

India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data from vessel tracking agencies showed.

Europe-bound diesel, jet fuel cargoes divert from Red Sea

At least four tankers transporting diesel and jet fuel from the Middle East and India to Europe are taking the longer route around Africa to avoid the Red Sea, ship tracking data show.

Asian refiners face diesel supply glut in 2024

Diesel supply in Asia is set to jump in 2024 fueled by new refineries in the Middle East and robust exports from China, and is likely to outpace the region's world-leading demand growth.

Brazil's Petrobras mulls Mubadala refining partnership

Brazilian state-run oil company Petrobras said it will analyze a proposal from Abu Dhabi sovereign investor Mubadala on creating a strategic refining and biorefining partnership in the northeastern state of Bahia.

Disruptions in Red Sea unlikely to have large effects on oil, LNG

The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and LNG prices as vessel redirection opportunities imply that production should not be directly affected.