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Gulf
South Korea
South Korean President Visits UAE, Showcasing Deep Ties
The president of South Korea has reached a preliminary multibillion-dollar deal to sell Seoul’s surface-to-air missiles to Abu Dhabi and pledged deeper coopera…
Oil Exploration
Eni Wins Five New Exploration Licences in Egypt
Italian oil and gas company Eni has been awarded five new exploration licences – located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez – …
Crude Oil
Higher Crude Demand Supports India-Bound Suezmax Rates
Suezmax rates from the Mideast Gulf to the west coast of India have been rising on account of higher demand from Indian state-controlled refineries.
Wind Power Project
Lekela Starts Operation of 250-MW Wind Farm in Egypt
Lekela, an Africa-focused renewable energy company, has launched the commercial operation of a 250-MW wind park on the shores of the Gulf of Suez in Egypt which…
United States
More Gulf of Mexico Work for Seadrill Rigs
While working to emerge from Chapter 11, offshore drilling contractor Seadrill has secured more work for its rigs in the U.S. Gulf of Mexico and added about $0.…
CCS
Repsol Joins Forces with Cox Oil Subsidiary to Promote CCUS Projects in the US
Repsol has allied with Carbon-Zero, subsidiary of the company Cox Oil, to study the development of CCUS on the coast of the Gulf of Mexico in the United States,…
Oil & Gas Trade
Shell Resumes Oil Exports at Mars and Ursa in the Gulf of Mexico
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of M…
Oil Price
Mideast Gulf Gasoline Premium at More Than Decade High
The Mideast Gulf gasoline premium rallied to a more than ten-year high, on the back of strength in the Asian gasoline market and unplanned refinery outages east…
Oil & Gas Trade
Middle East Oil Exporters To See Fast Economic Growth In 2022
The six major Middle Eastern oil and gas producers part of the Gulf Cooperation Council are set to book faster economic growth in 2022 than previously expected,…
Wind Power Project
Egypt’s 500MW Wind Farm in the Gulf of Suez to Commence Operations
The Prime Minister of Egypt, Moustafa Madbouli, has attended the signing of two agreements on establishing a 500MW wind farm in the Gulf of Suez area.
Hydrogen Project
Air Products to Build Blue Hydrogen Plant in Louisiana
Air Products plans to invest $4.5bn to produce blue hydrogen in Louisiana, providing the low-carbon fuel to oil refiners along its US Gulf coast pipeline.
Oil Price
Oil Falls As Storm-Hit U.S. Supply Trickles Back into Market
Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output.
Crude Oil
US Gulf operators restore 70pc of Ida-halted oil output
US Gulf of Mexico offshore producers have brought back about 70pc of the oil output that was halted due to Hurricane Ida.
Oil Price
Oil Rises to Six-Week High as U.S. Supply Concerns Dominate
Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another…
Mexico
66% Of Gulf Of Mexico Oil Production Still Offline On Friday
The largest deepwater crude oil terminal in the United States has reopened in full after Hurricane Ida struck force a closure, a spokesperson said on Friday.
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