Wood to Oversee Project Management for UAE’s First Methanol Facility

Engineering and consulting company Wood has been selected by TA’ZIZ to provide project management consultancy (PMC) services for the development of the United Arab Emirates’ inaugural methanol production plant in Al Ruwais Industrial City, Abu Dhabi. Slated for completion by 2028, the facility is expected to become one of the world’s largest methanol plants, with

BPCL buys Middle East grades to replace Russian shortfall

Bharat Petroleum Corp (BPCL) is buying Middle Eastern crude to make up for less supply of cheaper Russian oil. Indian state refiners, which typically buy Russian oil in the spot market rather than under long-term contract, are unable to procure about 8 million to 10 million barrels of crude for January loading that they have

Enough refining capacity in country to meet domestic needs: Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri said there is no shortage of crude oil in the world and enough refining capacity in the country to meet the domestic requirements. Referring to geopolitical tensions in the Middle East, the minister said it was his personal assessment that things will calm down, noting that

The Middle East Conflict Has No Major Impact on Energy Supplies: Hardeep Singh Puri

The government does not see any major impact on oil supplies to the country owing to the ongoing conflict in West Asia, said Union minister for petroleum and natural gas Hardeep Singh Puri. However, any further escalation of the situation could hit energy availability, he added. Shippers have been avoiding the Red Sea route for

Middle East’s first Hydrogen Train to begin trail run

Prince Abdulaziz bin Salman, Saudi Arabia’s Minister for Energy, announced that the Middle East’s inaugural hydrogen train will commence trial runs this week. Addressing the UN MENA Climate Week in Riyadh, he said, “It will be on trial for the next week, and hopefully for the next few months, marking the debut of the first

Green Energy signs contract with Hydrogen Systems

Denmark-based Green Energy A/S, a leader in mobile integrated photovoltaic solutions for commercial vehicles, has announced an exclusive long-term contract with Hydrogen Systems Inc., a Saudi Arabian company, providing integrated hydrogen solutions and value-added support to industrial, hydrogen energy and decarbonization markets throughout the Kingdom and the Middle East. The agreement provides exclusive rights to

US refiners import Middle East fuel oil

The United States last year imported about 700,000 barrels per day (bpd) of different types of fuel oil and other feedstocks that mostly went to U.S. Gulf Coast refineries to supplement heavy crude oil, according to market research data. Russia last year accounted for just under half of U.S. fuel oil imports, Mexico for 20%

New bunker terminal launched at port of Duqm

Oman Oil Marketing Company (OOMCO) says the opening of a new bunker terminal at the Port of Duqm marks the first step in its quest to be a top Gulf Cooperation Council (GCC) marine fuels supplier by 2027. The new terminal will offer high sulphur fuel oil (HSFO), very low sulphur fuel oil (VLSFO) and