ADNOC delivers first LNG shipment to Germany

ON 15 FEBRUARY, ADNOC and RWE Aktiengesellschaft (RWE) announced the successful delivery of the first shipment of 137,000 cu m of Liquefied Natural Gas (LNG) from Abu Dhabi to the Elbehafen floating LNG terminal in Brunsbüttel, Germany.

The cargo delivery marks an important milestone in developing Germany’s domestic LNG supply infrastructure, supporting the country’s energy security with natural gas. The cargo is sufficient to produce approximately 900 KWh of electricity, enough to supply approximately a quarter million German homes for a year.

To mark the successful arrival of the LNG cargo, a ceremonial event was held in Brunsbüttel. Speaking at the event, Ahmed Alebri, acting CEO of ADNOC Gas said, “The successful delivery of the Middle East’s first LNG cargo to Germany demonstrates how the UAE is continuing to work closely with our strategic partners in responsibly providing secure, sustainable and affordable energy supplies.”

Chevron and Egypt sign MoU on methane management

CHEVRON NEW VENTURES Pte. Ltd. and the Egyptian Ministry of Petroleum and Mineral Resources (MOPMR) have signed a Memorandum of Understanding (MoU) to share best practices and expertise related to the reduction of methane emissions.

“Decarbonisation is a core element of the Egyptian Ministry of Petroleum and Mineral Resources’ strategy. Due to its significant global warming potential, reducing methane emissions is key to supporting positive climate action,” said H.E. Eng. Tarek El Molla, Egypt’s Minister of Petroleum & Energy Resources. “Therefore, we are prioritising the reduction of methane emissions from Egypt’s oil and gas sector, in line with Egypt’s membership in the Global Methane Pledge. Building on the success of COP27 Decarbonisation Day, we will collaborate with our strategic partners like Chevron to further drive emissions reduction and reduce the carbon footprint of our hydrocarbon resources,” the Minister added.

The MoU includes methane and decarbonisation study tours and workshops for MOPMR employees at Chevron facilities in the US and other locations, to build awareness of methane control technologies, measurement practices and projects to reduce carbon emissions.

Middle East contracts drive oil and gas contract value growth in Q4 2022

OIL AND GAS industry contract values saw a significant quarteron-quarter (QoQ) increase of 27% in Q4 2022, reveals GlobalData, a leading data and analytics company, with Middle East contracts driving this increase.

GlobalData’s latest report, "Oil and Gas Industry Contracts Analytics by Sector (Upstream, Midstream and Downstream), Region, Planned and Awarded Contracts and Top Contractors, Q4 2022,” shows that the overall contract value increased from US$47.38bn in Q3 2022 to US$60.36bn in Q4 2022. Contract volume, however, decreased from 1,673 in Q3 2022 to 1,443 in Q4 2022.

Pritam Kad, Oil and Gas analyst at GlobalData, commented, “The key drivers for the value momentum were Saipem’s US$4.5bn contract from Qatargas for the engineering, procurement, and construction (EPC) of the North Field Production Sustainability Natural Gas Compression Complex Project, offshore north-east coast of Qatar; and ADNOC’s US$4bn framework with ADNOC Drilling, Schlumberger, and Halliburton for the integrated drilling fluids services (IDFS) for projects in the UAE.

”Operations and maintenance (O&M) represented 55% of the total contracts in Q4 2022, followed by procurement with 19%, and contracts with multiple scopes, such as construction, design and engineering, installation, O&M, and procurement, accounted for 13%.