Energy MENA Edition
Latest News
Norway's oil industry raises 2020 investment forecast - SSB
Norwegian oil and gas investments, the key driver of the country's economy, will rise more than previously expected this year before declining in 2021
Russia: oil producers agree no need to hold early OPEC+ meeting
Novak, who discussed oil markets with his Saudi counterpart this week, said Moscow believed the meetings should take place as originally scheduled
Petrofac wins $40mln development contract from Sharjah National Oil Corp
Petrofac has won a contract from the Sharjah National Oil Corporation to develop a project in the United Arab Emirates
Global LNG demand expected to double by 2040 to 700mln tonnes - Shell
Asia is expected to remain the dominant region in the decades to come, with South and South-East Asia generating more than half of the increased demand: report
UAE's ENOC seeks 8 LNG cargoes for delivery into India - sources
The tender closes on February 21 and the company wants the cargoes on a delivered ex-ship (DES) basis
Saudi Aramco’s Fadhili plant to up gas supplies to 12.2 BSCF
The plant is forecast to increase processing capacity
Sharjah's non-oil economy to remain 'below historical rates'
Ratings agency also warns of rising debt levels
UAE's ADNOC signs exclusive seller deal with Xiamen Sinolook Oil - WAM
The agreement appointed Xiamen Sinolook Oil as exclusive seller of ADNOC’s Group III base oil, ADbase, into China
Fuel load of Barakah Nuclear Energy Plant's Unit 1 commences
The move follows the company receiving the operating licence for Unit 1 from the Federal Authority for Nuclear Regulation, FANR
Oman grants gas exploration concession to Total and Thailand's PTTEP -ministry
The companies will carry out seismic surveys and geological and geophysical studies, and drill exploratory
Insights
Oil prices bounce on hope for short coronavirus downturn: Kemp
Hedge funds continued selling petroleum last week
How Aramco fueled Saudi-US ties
The oil company has been at the heart of the two countries’ partnership from the beginning
Falling air freight points to renewed global economic slowdown: Kemp
Principal trade lanes are Asia-North America (roughly 20% of international air freight by tonne-kilometres), Asia-Europe (20%), Europe-North America (10%) and intra-Asia (10%).