Oil and gas

Analysis

Germany to import Algerian gas, eyes long-term renewables partnership

Berlin needs to convince Algiers that green hydrogen production for export is technically feasible and economically viable.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

ADNOC, BP form natural gas joint venture in Egypt

The British energy major said Wednesday it would contribute its interests in three development concessions and exploration agreements in Egypt to the joint venture.

Egypt

Saudi energy minister reveals why Aramco cut oil target by 1m bpd

In January, the world's biggest corporate crude producer said it would halt its oil expansion plan and set a minimum sustained production capacity of 12 million bpd, 1 million bpd below its target announced in 2020 to be reached in 2027.

Saudi Arabia

India bets on Qatar again with 20-year LNG deal

India is one of Qatar's top LNG customers, and the Gulf country is looking to expand its reach in Asia and Europe amid high export targets and increasing competition from the United States' expanding natural gas market.

Qatar

Why has Saudi Arabia ordered Aramco to halt its plan to raise oil production?

The move may be simply a cost-cutting strategy, or it could be driven by a new, less optimistic outlook from the world's largest crude producer on future oil demand.

Saudi Arabia

Davos 2024: Green ammonia expansion integral to Morocco’s new hydrogen economy, minister says

Morocco's Minister of Energy Transition and Sustainable Development Leila Benali told Al-Monitor in an interview that the COP28 declaration marked the first time an emergence of more inclusive messaging has been seen in official climate text.

Morocco

Turkey says tanker seized by Iran carrying Turkish oil purchased from Iraq

The ship was seized by the Iranian navy off the coast of Oman.

Turkey

UAE President MBZ in Azerbaijan eyeing energy, investment cooperation

Emirati entities have inked several energy deals with Azerbaijan in the past year.

Legacy: Gulf

BP, Equinor change oil shipment plans after Red Sea Houthi attacks

The Iran-backed rebels have said the attacks are in retaliation for the war in Gaza.

Yemen

Iran says ‘enemy conspiracy’ behind outage at 70% of gas stations

The Oil Ministry’s Shana news agency reported that operations will be running again as normal within “a few hours” and until then fuel is being distributed offline.

Iran

Middle East transparency on carbon emissions lags behind rest of world

Turkey and the UAE led the pack for most transparent countries in the region regarding greenhouse gas emissions.

United Arab Emirates

COP28: historic deal agreed for world to ‘transition away’ from fossil fuels

The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event.

United Arab Emirates