Category: Highlights

Yemen’s Houthi forces fired drones and missiles at the heart of Saudi Arabia’s oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security. Announcing the attacks, the Houthis, who have been battling a Saudi-led coalition for six years, also said they attacked military targets in the Saudi cities of Dammam, Asir and Jazan. The Saudi energy ministry said an oil storage yard at Ras Tanura, the site of an oil refinery and the…

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Efforts made by Sui Northern Gas Pipelines Limited (SNGPL) and Pakistan LNG Limited (PLL) to control the liquefied natural gas (LNG) supply chain have put an additional burden of millions of dollars on consumers and posed a threat to the gas pipeline network. Over the past couple of weeks, SNGPL has reduced LNG offtake from Pakistan State Oil (PSO) and PLL as its pipeline network is at risk and is on the verge of bursting due to reluctance of consumers to receive expensive gas supplies. Sources told The Express Tribune…

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Commitments for offshore Oil and Gas projects are expected to not only recover going forward, but also reach a new record in the five-year period toward 2025, according to Rystad Energy. The energy research firm has defined in its analysis a project as ‘committed’ when more than 25 percent of its overall greenfield capital expenditure (capex) is awarded through contracts. Offshore oil and gas development is not only set to recover from the pandemic shock to prices and demand, which forced operators to slash development expenditures and delay projects. It is…

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Singapore, March 7 (APP – UrduPoint / Pakistan Point News – 7th Mar, 2021 ) :Thousands of panels glinting in the sun stretch into the sea off Singapore, part of the land-scarce city-state’s push to build floating solar farms to cut greenhouse gas emissions. It may be one of the world‘s smallest countries, but the prosperous financial hub is among the biggest per capita carbon dioxide emitters in Asia. And while authorities have been pushing to change that, renewable energy is a challenge in a country with no rivers for hydro-electricity and where the wind is not strong enough…

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RIYADH: A major oil port and Aramco residential area were attacked with a drone and ballistic missile in eastern Saudi Arabia on Sunday.A “petroleum tank farm” at Ras Tanura Port, one of the largest oil shipping ports in the world, was attacked with a drone in the morning, the energy ministry said. The drone was coming from the direction of the sea.In the evening, shrapnel from a ballistic missile fell near Saudi Aramco’s residential area in Dhahran where thousands of the company’s local and international employees and their families live.No…

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