Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strikes against Iran and Tehran's retaliation prompted precautionary shutdowns of oil and gas facilities across the Middle East.Saudi Arabia shut its biggest domestic oil refinery after a drone strike, a source with knowledge of the matter said.Qatari LNG production is equivalent to about 20% of global supply. The Gulf country is the world’s second largest LNG exporter after the U…
Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday…
Ship refuelling at Fujairah, a major bunkering hub in the United Arab Emirates, has slowed after a fire, market sources told Reuters, while demand at other refuelling hubs, including Singapore, is set to rise.Some bunker deliveries and loadings were on hold for now as suppliers…
Ship refuelling at Fujairah, a major bunkering center in the United Arab Emirates, has slowed after the U.S.-Iran conflict disrupted fuel shipments in the region, spurring a jump in prices and potentially shifting demand to other ports including Singapore…
A fuel tank at Oman’s Duqm commercial port was hit on Tuesday when the facility came under attack from several unmanned aircraft, the state news agency said, citing a security source, on the fourth day of U.S.-Israeli strikes on Iran, which has responded by targeting neighbouring countries…
Abu Dhabi Ports Group, via its subsidiary SAFEEN Drydocks, has acquired full ownership of Balenciaga Astilleros Shipyard in Spain for a total consideration of $13.1 million, consolidating the group’s operations in Spain and the Mediterranean and supporting its expansion in the offshore wind sector…
AD Ports Group and Abu Dhabi Future Energy Company – Masdar have signed a partnership agreement to collaborate on the development and delivery of offshore wind projects.Under the agreement, the companies will identify opportunities where AD…
Noatum Maritime, Siemens Energy and Green Parrot Tech (GPT) have signed a partnership agreement to explore collaboration in the offshore renewable energy sector.Noatum Maritime, an AD Ports Group company, Siemens Energy and GPT plan to combine…
ADNOC Logistics & Services (ADNOC L&S) and TA’ZIZ have signed a 50-year strategic agreement to establish United Arab Emirate’s first dedicated chemicals port at the TA’ZIZ Industrial Chemicals Zone in Al Ruwais, supporting the country’s industrialization and chemicals expansion goals…
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.Geopolitical risk has spiked following Israel's surprise bombardment…
Alternative investment firm Investcorp has signed a cooperation agreement to invest in a $550 million infrastructure project in Port of Duqm in Oman.Investcorp Aberdeen Infrastructure Partners (AIIP) – a joint venture with Aberdeen plc, will be the shareholder in the project…
French energy giant TotalEnergies and OQ Exploration and Production (OQEP), Oman's national oil company, have held the ground breaking ceremony for the Marsa LNG plant, marking the start of construction of the Marsa LNG plant in the port of Sohar…
Khalifa Economic Zones Abu Dhabi-KEZAD Group, the region's largest operator of integrated economic zones, continues to lead the UAE’s infrastructure development with transformative projects, reshaping Abu Dhabi into a global hub for industrial and economic activities…
Suez Canal Chairman Gamal El-Dein says Canal Economic Zone set for rapid expansion.Egypt's Suez Canal Economic Zone (SCEZ) has invested $3 billion on infrastructure over the past few years and has plans to invest a similar amount over the next few years as it works to attract investors…
Maritime security and industry groups raised the risk level for ships calling at Israeli ports on Friday, with terminals facing possible missile strikes from Lebanese group Hezbollah in the Mediterranean and Yemen's Houthis in the Red Sea.Earlier this week…
