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18 June 2025
Saudi Gulf Projectsoil-gas
Jun 18, 2025Saudi Gulf Projects
Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth more than AED450 million to Naresco Contracting LLC for the main construction works of a high-end residential development called Central Park Plaza.
This latest addition to City Walk, Dubai’s prominent lifestyle destination, is slated to be handed over in Q3 2027.
The project includes residential complex towers A and B, with 23 and 20 floors respectively, comprising 212 apartments.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said, “Central Park Plaza at City Walk is an ideal destination offering a new level of modern lifestyle in the heart of Dubai. This embodies our commitment to developing upscale destinations that prioritize community life and well-being.”
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Usgs: 29 Billion Barrels Of Oil, 392 Tcf Gas Lurk Under U.S. Public Lands(P&GJ) — A new report from the U.S. Geological Survey (USGS) estimates that federally managed onshore public lands in the United States contain 29.4 billion barrels of undiscovered oil and 391.6 trillion cubic feet (Tcf) of natural gas that are technically recoverable.
If developed, those volumes would be enough to supply U.S. oil demand for about four years and natural gas needs for nearly 12 years, according to current consumption rates.
The assessment covers public lands managed by the Departments of Agriculture, Defense, Energy, and Interior, as well as the Tennessee Valley Authority. It reflects a dramatic increase from the USGS’s last estimate in 1998, which put the figures at 7.86 billion barrels of oil and 201.1 Tcf of gas.
The difference isn’t due to changes underground, but rather to advances in energy extraction technology and a broader inclusion of unconventional resources such as shale oil, tight oil and gas, and coalbed methane—resources typically produced through hydraulic fracturing.
“The USGS assesses the potential for energy resources where science tells us there may be a resource that hasn’t been discovered yet,” said Sarah Ryker, acting director of the USGS. “In this report, we leveraged our extensive existing data to estimate oil and gas resources on federally managed public lands. We expect these estimates to be useful for state and national land management, energy futures analysis, and economic development planning.”
The agency based the estimates on 579 previously published assessment units across 69 geologic provinces. Resource estimates were then allocated to public lands proportionally based on how much public acreage fell within each assessment unit.
Pipeline Gas Journal
oil-gas
23 June 20252 min readUsgs: 29 Billion Barrels Of Oil, 392 Tcf Gas Lurk Under U.S. Public Lands
Pipeline Gas Journal
23 June 2025
oil-gas
Centuri Secures Major Midwest Gas Utility Contract In $575 Million Deal(P&GJ) — Centuri Holdings has secured more than $575 million in infrastructure contract awards across the United States, with a significant portion tied to natural gas utility work in the Midwest.
The company’s recent wins include a multi-year contract renewal with a long-standing natural gas utility customer for gas distribution, transmission, and storage services. Additional awards cover the construction and rebuild of transmission lines, including a 115-kV line in the East and a 345-kV, 28-mile line in the West.
The new projects build on $350 million in awards previously announced in May 2025.
“Securing this key contract renewal along with meaningful new project awards is a testament to the reputation our teams have built for quality, safety, and skilled craftsmanship,” said Centuri President and CEO Christian Brown. “It not only reaffirms the trust our partners place in us but illustrates the fruitful results of our focus on business development and high-quality service delivery.”
Centuri provides utility infrastructure services for electric and gas operations across North America.
Pipeline Gas Journal
oil-gas
23 June 20251 min readCenturi Secures Major Midwest Gas Utility Contract In $575 Million Deal
Pipeline Gas Journal
23 June 2025
oil-gas
Underground Refinery Busted In Mexico With Half A Million Liters Of Crude(Reuters) — Mexican authorities this week discovered a clandestine mini-refinery in the eastern state of Veracruz, along with half a million barrels of crude oil they suspect were stolen from the country's pipelines.
The government has sought to clamp down on theft of crude oil and refined products as well as illegal imports, known as huachicol, a practice that generates substantial losses for state energy company Pemex and the government.
Authorities have previously linked organized crime and Pemex employees to the illegal trade.
Reuters was unable to contact the owners of the clandestine refinery.
Security Minister Omar Garcia Harfuch said on Wednesday on X that during intelligence actions and overflights, "a clandestine operation was identified."
It produced artisan or alternative diesel, light naphtha or solvents, and treated oils or light fuel oil, he said, all without the proper permits in operations that posed a risk to local ecosystems.
Authorities discovered 500,000 liters of crude oil as well as production infrastructure that fed the country's illicit fuel market.
A Pemex source said that although the discovery was not significant in terms of the volume, it highlighted the impunity with which criminals operate freely in the country, as well as the extensive network of complicity between various sectors.
Separately, authorities also discovered 1.2 million liters of hydrocarbons, fuel trucks and containers in the northern state of Nuevo Leon.
In late May, authorities also recovered more than 3 million liters of hydrocarbon products in the southeast of the country.
Pipeline Gas Journal
oil-gas
20 June 20252 min readUnderground Refinery Busted In Mexico With Half A Million Liters Of Crude
Pipeline Gas Journal
20 June 2025
oil-gas
Vtb To Allocate > $10 B For Ust-Luga Gas Processing Complex ProjectVTB will allocate 800 billion rubles (> $10 B) over several years to finance the project to build a complex for processing ethane-containing gas in Ust-Luga in the Leningrad region, the bank's head Andrei Kostin told journalists.
VTB's first deputy chairman, Dmitry Pyanov, told Interfax that the plan was to disburse the first 300 billion rubles this year and another 500 billion rubles next year.
"There are market conditions. It will not bring losses," Kostin said.
VTB plans to obtain a subordinated deposit of 200 billion rubles from the National Wealth Fund for the project.
The construction operator for the Ust-Luga facility is RusChemAlliance, a company equally owned by PJSC Gazprom and JSC RGD. The complex will become Russia's largest gas processing plant and the world's second largest facility by capacity. Its annual processing capacity will reach approximately 45 billion cubic meters of gas. The total investment project cost, including VAT and operational cash flow during the investment phase, is nearly 5 trillion rubles at nominal prices.
Gas Processing and LNG
oil-gas
20 June 20251 min readVtb To Allocate > $10 B For Ust-Luga Gas Processing Complex Project
Gas Processing and LNG
20 June 2025
oil-gas
3T Secures Contract With Oil India For Advanced Simulator Technology3t Drilling Systems secured a contract from Oil India Ltd to provide advanced simulator technology to aid and enhance its workforce training. 3t will deliver its DrillSIM:5000 Classic and Cyber models as part of a five-year partnership for the systems, and is set for installation in Q3 of 2025.
The DrillSIM:5000 Classic provides hands-on experience in handling well control situations and dealing with equipment malfunction. The DrillSIM:5000 Cyber provides drilling and well control simulation in the simulated environment of a modern rig with joystick controls.
Both simple and complex tasks and scenarios can be recreated to verify skills and competency in real-world situations and will be delivered to the Oil India Limited in partnership with 3t Drilling Systems’ in-country partner, Siam Services India.
Drilling Contractor
oil-gas
19 June 20251 min read3T Secures Contract With Oil India For Advanced Simulator Technology
Drilling Contractor
19 June 2025
oil-gas
Oman Awards $272M Gas Pipeline ProjectOman’s state-owned OQ Gas Networks (OQGN) has awarded the construction of a $272 million gas pipeline project to Egypt’s Petroleum Projects Company Petrojet and Partners.
The 193km pipeline will start from the Fahud field in central Oman and terminate in the northern industrial city of Sohar, OQGN said in a disclosure made in the Muscat Security Market, adding that the project will take 24 months to complete.
Fahud was one of Oman’s biggest oil and gas fields discovered in 1963, operated by state-controlled Petroleum Development Oman.
Sohar Freezone is home to Oman’s largest port and industrial complex, with a capacity of handling about 60 million tons of cargo. It boasts well-developed industrial activities in the petrochemicals, metals and energy sectors.
“The pipeline will meet the increasing gas demand at the Sohar Freezone’s projects,” OQGN said in a statement.
OQGN owns and operates the Gulf state’s 4,000km long gas pipeline grid. The company is among several subsidiaries indirectly owned by the sovereign Oman Investment Authority, possibly candidates for full or partial privatisation through listings on the Muscat stock exchange.
Listed on the Muscat stock exchange in October 2023, OQGN last year secured $1.2 billion in financing through agreements with 16 local and regional banks to support its operations and refinancing initiatives.
OQGN is trading at around OR0.16 ($0.41) and while its share price has fluctuated due to rising geopolitical tensions in the region as a result of the Israel-Iran conflict, it is still up by about 20 percent year to date.
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Arabian Gulf Business Insight
oil-gas
19 June 20252 min readOman Awards $272M Gas Pipeline Project
Arabian Gulf Business Insight
19 June 2025
oil-gas
U.S. Senate Bill Proposes $1 Billion Tax Break For Oil And Gas Producers(Bloomberg) – Senate Republicans included a tax break estimated to be worth more than $1 billion for oil and gas producers in their version of President Donald Trump’s sprawling fiscal package.
The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating their taxable income. Companies including ConocoPhillips, Ovintiv Inc. and Civitas Resources, Inc. lobbied in favor of it.
The change was included in the legislation released Monday by Republicans on the Senate tax writing committee, which would slash tax credits for wind, solar, electric vehicles and hydrogen.
The tax break for drilling costs is nearly identical to a bill by Republican Senator James Lankford. His home state of Oklahoma is among the top oil and gas producing states.
Lankford’s bill, called the Promoting Domestic Energy Production Act, would cost the U.S. government $1.1 billion over 10 years, according to the non-profit Tax Foundation, which cited an estimate from the non-partisan Joint Committee on Taxation.
A representative for Lankford declined to comment.
Earlier this year, Lankford told told CNBC that his bill was necessary to prevent independent oil and gas producers from being squeezed by the Corporate Alternative Minimum Tax, enacted under former President Joe Biden to prevent corporations from using deductions and credits to pay little or no taxes.
“If we can’t get rid of that entirely we at least need to give some relief to those folks who are independent producers,” Lankford said. “We need to be able to get some relief to them so they’re not constantly worried about it.”
Some Democratic lawmakers, along with environmental and watch dog groups including Friends of the Earth and Public Citizen, criticized the Senate bill as a giveaway to fossil fuel companies.
“There is a giant give away to the oil industry tucked right into this bill,” said Senator Elizabeth Warren, a Massachusetts Democrat. “They are going to get a special get out of paying your taxes free.”
Other supporters of the measure, which wasn’t included in the House version of the bill, include the Domestic Energy Producers Alliance, founded by oil billionaire and Trump donor Harold Hamm.
It was also backed by the American Exploration & Production Council, which represents independent oil and gas producers including Oklahoma City-based Devon Energy Corp.
“America and the world need affordable, reliable energy – and this common-sense legislation will enable domestic producers to more quickly invest in production and meet this critical need,” said Anne Bradbury, the group’s chief executive officer.
World Oil
oil-gas
18 June 20253 min readU.S. Senate Bill Proposes $1 Billion Tax Break For Oil And Gas Producers
World Oil
18 June 2025
oil-gas
Mitsubishi In Talks To Acquire $8 Billion U.S. Gas, Pipeline Assets From Aethon(Reuters) — Mitsubishi Corp. is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on June 16.
The deal, should it be struck, would give the Japanese conglomerate a substantial natural gas operation adjacent to the U.S. Gulf coast and the energy export facilities being developed along it.
Talks between Mitsubishi and Aethon are ongoing, said the source, who cautioned that there was no guarantee a transaction would be agreed and spoke on condition of anonymity to discuss confidential deliberations.
While the assets are owned and operated by U.S. energy-focused investment firm Aethon, fellow money managers RedBird Capital Partners and Canada's Ontario Teachers' Pension Plan also hold sizable stakes.
Aethon and RedBird declined comment. OTPP did not immediately respond to a comment request. Mitsubishi could not be reached outside of normal business hours in Japan.
The upstream assets of Aethon, which primarily focus on the Haynesville shale formation in Louisiana and East Texas, constitute one of the largest privately held U.S. gas producers.
Reuters reported in November that Aethon was exploring options for its operations, which also include more than 1,400 miles (2,250 km) of pipelines across the Haynesville basin and Wyoming, where Aethon also has some production assets.
Bloomberg News earlier on Monday reported the talks between Mitsubishi and Aethon, citing people familiar with the matter.
Pipeline Gas Journal
oil-gas
16 June 20252 min readMitsubishi In Talks To Acquire $8 Billion U.S. Gas, Pipeline Assets From Aethon
Pipeline Gas Journal
16 June 2025
oil-gas
Blm Fast-Tracks Review Of 74-Mile Montana Gas Pipeline Project(P&GJ) — The Bureau of Land Management (BLM) has launched an environmental review of a proposed 74-mile natural gas pipeline that would run from Helena to Three Forks, Montana.
The project is being reviewed under an accelerated 14-day process in response to the national energy emergency declared by President Donald J. Trump.
If approved, the pipeline would be developed by NorthWestern Energy to expand natural gas capacity in western Montana and strengthen regional energy infrastructure. The proposed 16-inch buried pipeline would be built in phases from spring 2026 through fall 2029.
The route would cross approximately seven miles of BLM-managed public lands and follow an existing utility corridor to limit new ground disturbance and reduce ecological impacts.
BLM officials say the agency plays a key role in managing access to critical minerals and traditional energy resources on federal lands, supporting both national energy security and industrial operations.
Additional details can be found on the BLM National NEPA Register.
Pipeline Gas Journal
oil-gas
12 June 20251 min readBlm Fast-Tracks Review Of 74-Mile Montana Gas Pipeline Project
Pipeline Gas Journal
12 June 2025
oil-gas
Khalda Petroleum To Produce 5,400 Barrels Daily From 2 New WellsThe Ministry of Petroleum and Mineral Resources announced on Thursday 12/6/2025 that Khalda Petroleum Company is set to bring two new oil wells online later in June with an estimated initial combined production of 5,400 barrels of crude oil per day.
In a statement, the ministry said that this promising overture falls within the framework of the ministry’s continued efforts to accelerate linking newly discovered oil fields with production lines.
This will help stabilize Egypt’s local energy market and reduce dependency on imported oil.
Gulf Oil and Gas
oil-gas
12 June 20251 min readKhalda Petroleum To Produce 5,400 Barrels Daily From 2 New Wells
Gulf Oil and Gas
12 June 2025
oil-gas
Adnoc Gas Takes Fid, Awards $5 Billion In Contracts For Rgd ProjectADNOC Gas has taken a FID and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project.
The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas facilities: Asab, Buhasa, Habshan and the Das Island liquefaction facility. The company intends to take FIDs on two additional phases at Habshan and Ruwais to deliver greater production capacity.
EPCM contracts have been awarded in three tranches for phase 1. The first tranche, valued at $2.8 billion, has been awarded to Wood for the Habshan facility. The remaining two tranches – $1.2 billion for Das Island and $1.1 billion for the Asab and Buhasa facilities – have been awarded to Petrofac and Kent.
Phase 1 of the RGD project focuses on optimizing and de-bottlenecking existing gas assets while unlocking new and valuable gas streams.
Drilling Contractor
oil-gas
11 June 20251 min readAdnoc Gas Takes Fid, Awards $5 Billion In Contracts For Rgd Project
Drilling Contractor
11 June 2025
oil-gas
Kent Awarded $1.1 Billion Contract From Adnoc GasKent announces that it has been awarded a major Engineering, Procurement and Construction Management (EPCM) contract from ADNOC Gas.
The value of the contract is approximately $1.1 billion.
The Project is related to the optimisation and expansion of its Asab and Buhasa gas processing facilities. This award marks a significant chapter in Kent’s decades-long partnership with ADNOC and strengthens its position as a leading EPCM contractor in the region.
The award is part of ADNOC Gas’ broader $5 billion Rich Gas Development (RGD) Project, a strategic initiative designed to unlock new gas reservoirs, boost liquid gas exports and enhance gas self-sufficiency for the UAE. Kent’s scope will focus on debottlenecking and optimising existing assets at the Asab and Buhasa sites, enabling increased throughput and improved operational efficiency to meet growing energy demands.
With this award, Kent continues to build on its established track record of delivering complex EPCM scopes for ADNOC and other leading operators across the Middle East. The company’s extensive regional presence, technical depth and longstanding client relationships have made it a trusted partner in delivering safe, innovative and sustainable project outcomes.
Tush Doshi, Chief Operating Officer at Kent, commented: “This contract award is a clear testament to the strength of our relationship with ADNOC and our track record of successful delivery in the UAE. We are proud to support ADNOC Gas’ strategic ambitions with this important work at Asab and Buhasa. It reflects the confidence placed in Kent’s EPCM expertise and our commitment to excellence, safety and long-term value creation.”
The Rich Gas Development project plays a vital role in ADNOC Gas’ strategy to grow between 2023 and 2029. ADNOC Gas has also underscored its commitment to enhancing In-Country Value (ICV), with plans to create hundreds of new technical roles by 2029, contributing to the UAE’s national economic growth.
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11 June 20252 min readKent Awarded $1.1 Billion Contract From Adnoc Gas
Saudi Gulf Projects
11 June 2025
oil-gas