Middle East

Iraq's exports from southern oilfields hit record 3.535 MMbpd in Dec

BAGHDAD (Reuters) — Oil exports from Iraq's southern Basra ports rose to a record high of 3.535 MMbpd in December from 3.5 MMbpd the previous month, two oil officials said on Monday.

Saudi Arabia hikes gasoline prices

DUBAI (Reuters) — Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported.

Global Project Data

Nichols, Lee, Hydrocarbon Processing Staff

Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 330 active gas processing/LNG projects around the world.

Business Trends: The future of LNG—Part 1

Nichols, Lee, Hydrocarbon Processing Staff

Over the past several years, new gas processing/LNG capacity has surged in nearly every region. Growth on both the supply and demand sides has resulted in the announcement of billions of dollars of capital investment across the world. Millions of tons of new LNG import and export capacity have commenced operations, with hundreds of millions of tons still under development.

Industry Perspectives: New gas processing/LNG project announcements increase for the first time in three years

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 800 new projects have been announced since 2015. Over the past few years, new project announcements have decreased each year. However, the rate of decline has slowed over the past year.

2018 Industry Leaders’ Viewpoints

Nichols, Lee, Hydrocarbon Processing Staff

To kick off the new year, industry leaders and esteemed colleagues shared their viewpoints on 2018 and beyond with Hydrocarbon Processing. These viewpoints offer insight into growing regions of activity, technological advances, and how the downstream industry can innovate in 2018 and into the future.

Libya needs a week to repair blown-up oil pipeline

TRIPOLI/BENGHAZI, Libya (Reuters) — A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oil firm NOC told Reuters on Wednesday.

Oil falls from 2015 highs as rally runs out of steam

CALGARY, Alberta (Reuters) — Oil prices dipped on Wednesday after hitting a near two-and-a-half year high in the previous session as a rally fueled by supply outages in Libya and the North Sea ran out of momentum.

Oil slips towards $65 as Forties pipeline moves closer to restart

LONDON (Reuters) — Oil edged lower towards $65/bbl on Tuesday, but remained within sight of its highest level since mid-2015, as the looming restart of a North Sea oil pipeline offset support from OPEC-led supply cuts.

Iraq invites bids to build new Kirkuk export pipeline

BAGHDAD (Reuters) — Iraq has given foreign energy companies a month to signal their interest in building a new export pipeline from the Kirkuk oilfields in the north of the country.